by RH Advisors

See Home Value
$700,000
House - Off Market

1209 Formosa AVENUE

WINTER PARK, FL 32789
bedrooms
6 Beds
bathrooms
4 Baths
square feet
4196 Sqft
$4,411
Estimated Monthly
$0
HOA / Fees
5.55%
Cap Rate

About This Property

Working from home takes on a whole new meaning here! Experience opportunity and creativity intertwined in this sprawling residence that has been home to a state-of-the-art recording studio: Studio 18. Boasting premium acoustics, and multiple studios, this Orlando gem redefines opulence for music enthusiasts. Immerse yourself in a harmonious blend of elegance and innovation or revert the property to a traditional home and have the flexibility of income from the 5 Bedroom, 3 Bath 3396 square-ft main house & the additional 2 car garage (currently used as a garage studio - perfect for a jam session) with a spacious 790 square-ft 1 Bedroom, 1 Bath GUEST HOUSE above! From the moment you step inside the reception area, be prepared to be transported into a unique environment & journey past studio B, a vocal closet, additional bedrooms, and gathering space which are found on the main level. If the heart of the home is the kitchen, this enormous kitchen with 2 full-size refrigerators and an abundant island is a Chef's Dream and is perfect for entertaining! Proceed down the hall, to find 2 additional bedrooms with private living spaces and a full bath. Ascending the stairs, you'll find Studio A, the largest studio with specially built walls and storage access, and a fabulous loft with a kitchenette - perfect for midnight snacks while finishing up a late-night session. Do not skip the 2nd story, 645 square-foot patio that is perfect for enjoying the evening with friends. The Primary Bedroom features a walk-in closet and a large 5-piece bathroom with a separate garden tub & shower. Additionally, the Roof was replaced last year (2023), Water Heater (2023), 1st A/C (2013), and 2nd A/C (2020). The original home was constructed in as a concrete bunker-style home - and the ACOUSTICAL OUTCOME is prime for creating functional studio rooms where sound does not bleed. PLEASE NOTE: Artwork, Equipment, Acoustical Treatments and the Business are not included in this listing. Can be negotiated separately. The current use is licensed with the city and compliant as a Home-Based Business. With parking for up to 15 cars, the proximity to Downtown Orlando, Winter Park, and College Park makes this the perfect location to make dreams come true!
Unit Size
4,196Ft²
Days on Market
59 days
Land Size
0.34 acres
Price per sqft
$174
Property Type
House
Property Taxes
$826
HOA Dues
-
Year Built
1951
Last updated: 2 months ago (Stellar MLS #O6166346)

Price History

Date / Event Date Event Price
Mar 5, 2024 Sold $700,000
Sold
Jan 25, 2024 In contract -
In contract
Jan 6, 2024 Listed by CREEGAN GROUP $730,000
Listed by CREEGAN GROUP
May 6, 2013 Sold to Doris Daye Smith, Murray T ... $198,000
Sold to Doris Daye Smith, Murray T ...

Property Highlights

Parking Available
Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1980
  • Building Count: 2
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: D
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 575
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 14,998
  • Total Building Area: 5,716
  • Gross Building Area: 5,716
  • Building Area: 3,969
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,969
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GOLFVIEW REP
  • Land Acres: 0.344
  • Standard Land Use Code: Single family residential
  • Legal Description 1: GOLFVIEW H/119 LOTS 13 & 14 BLK I

Ownership

  • Current Owner : VOLZ DRAKE
  • Current Owner 2: MUSE LEAH J
  • Previous Owner : SMITH MURRAY T
  • Previous Owner 2: SMITH DORIS DAYE
  • Owner Before Previous Owner: HARTMAN SHARON
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Orange County School District
  • School Tax School District: 5555
  • Census Tract: 015300

Zoning

  • Zoning: R-1/T/W

Geography

  • Assessors Map Reference: 174
  • Subdivision Tract Number: 3056
  • Parcel: 11-22-29-3056-09-130
  • Block: I
  • Lot: 13,14
  • Meridian: SEC 11 TWN 22S RNG 29E
  • Municipality: ORLANDO
  • Latitude: 28.5877
  • Longitude: -81.3777

    Address

  • Full Address: 1209 Formosa Ave
  • Address - House Number: 1209
  • Address - Street Name: Formosa
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Winter Park
  • Carrier Code: C020
  • 4-Digit Zip Code: 5340
  • Zip Code: 32789

Valuation

    Tax

  • Total Area: 4,367
  • Tax Year: 2023
  • Tax Amount: $10,943
  • Tax Rate Code Area: 08-ORL

    Appraisal Valuation

  • Standard Deviation: 0.0794
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 94
  • Final Value: 712,870
  • High Value: 769,530
  • Low Value: 656,211

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $500,000
  • First Open Lien Mortgage Lender: FAIRWINDS CREDIT UNION
  • First Open Lien Mortgage Recording Date: Mar 07, 2024
  • First Open Lien Mortgage Loan Amount: $500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2054

    Market Valuation

  • Market Total Value: $636,826
  • Market Land Value: $190,000
  • Market Improvement Value: $446,826

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $636,826
  • Assessed Land Value: $190,000
  • Assessed Improvements Value: $446,826

    Sales

  • Current Sale Contract Date: Mar 05, 2024
  • Current Sale Recording Date: Mar 07, 2024
  • Current Sale Transaction ID: 11922559626
  • Current Sale Price: $700,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 135947
  • Previous Sale Recording Date: May 06, 2013
  • Previous Sale Contract Date: Apr 29, 2013
  • Previous Sale Amount: $198,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWINDS CREDIT UNION
  • First Mortgage Transaction Date: Mar 07, 2024
  • First Mortgage Loan Amount: $500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2054

    Previous Mortgages

  • Previous Mortgage Lender: FBC MORTGAGE LLC
  • Previous Mortgage Transaction Date: May 06, 2013
  • Previous Mortgage Loan Amount: $158,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2043



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
3 Baths
2,327 ft²
$322/ft²
$750,000 May 19, 2022
$750,000 Jan 29, 2024
$150/mo
House
5 Beds
3 Baths
2,327 ft²
$344/ft²
$800,000 Jul 8, 2022
$800,000 Jan 29, 2024
$589/mo
House
3 Beds
3 Baths
2,588 ft²
$275/ft²
$712,125 Apr 11, 2023
$712,125 Nov 9, 2023
$775/mo
House
2 Beds
3 Baths
2,113 ft²
$354/ft²
$749,000 Jan 10, 2024
$749,000 Feb 15, 2024
$393/mo
House
4 Beds
3 Baths
2,325 ft²
$332/ft²
$773,000 Sep 13, 2023
$773,000 Jan 5, 2024
$323/mo
House
3 Beds
2 Baths
2,122 ft²
$300/ft²
$635,700 Aug 4, 2023
$635,700 Aug 28, 2023
$276/mo
House
4 Beds
4 Baths
2,861 ft²
$296/ft²
$848,000 Feb 22, 2024
-
$229/mo
House
4 Beds
3 Baths
2,407 ft²
$260/ft²
$624,990 Jul 25, 2023
-
$356/mo
House
3 Beds
3 Baths
2,258 ft²
$261/ft²
$590,000 Jan 21, 2024
-
$189/mo
House
3 Beds
3 Baths
1,656 ft²
$417/ft²
$689,900 Feb 19, 2024
-
$511/mo
House
3 Beds
2 Baths
2,074 ft²
$282/ft²
$585,000 Feb 7, 2024
-
$217/mo
House
4 Beds
3 Baths
1,539 ft²
$389/ft²
$599,400 Feb 9, 2024
-
$226/mo

About College Park


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Frequently Asked Questions

When was property at 1209 Formosa Avenue built and last sold?
The property at 1209 Formosa Avenue was built in 1951 and last sold on Mar 5, 2024 for $700,000.
How much is this home worth?
The estimated value of the home located at 1209 Formosa Avenue is $737,300.
What are some comparable homes to 1209 Formosa Avenue?
Homes that are comparable to 1209 Formosa Avenue include a house property at 1546 Minnesota Avenue, 2500 Euston Road, 38 East Par Street.

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