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1360 Formosa Avenue

1360 Formosa Avenue, Winter Park, FL 32789
Property in Pines West
Sold Mar 31, 2022
$490,000
$367,500 by Movement Mortgage Llc
Mortgage Due Apr 01, 2052
Sold Apr 13, 2006
$299,000
$239,200 by Greenpoint Mortgage Funding In
Mortgage Due May 01, 2036
1360 Formosa Avenue has been categorized by the local assessors in Winter Park, FL as a residential type of property. The building on the property was first built in 1949 and is 75 years old. However, we must point out that the home was most recently renovated and altered in 1995. The home has a total of 5 bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1360 Formosa Avenue has 1,890 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 4,803 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a carport for those who require parking. The garage measured 200 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as good. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of concrete. While the interior walls have been made of plaster. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with electricity. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1360 Formosa Avenue sold most recently in Mar 25, 2022 for a total of $490,000. If you work out the math, that's approximately a cost of $219.14 per sqft. Before that, the property was also sold for $299,000 in Apr 6, 2006. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,243 in taxes each year. 1360 Formosa Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $412,309. If we break it down further, the land itself was valued at $175,000. Improvements to the property, however, were assessed at a total of $237,309. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1995
  • Building Count: 2
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Style: Duplex
  • Exterior Walls Type: Concrete
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 2
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 200
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 4,803
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,236
  • Gross Building Area: 2,236
  • Building Area: 1,890
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,890
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PINES
  • Land Acres: 0.11
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: THE PINES H/14 LOT 25 (LESS W 10 FT IN S T) BLK B

Ownership

  • Current Owner : KAPLAN PAUL
  • Current Owner 2: KAPLAN ELISSA BETH
  • Previous Owner : FRANK LOCASCIO
  • Owner Before Previous Owner: LONG DAVID T
  • Owner Before Previous Owner 2: LONG BETTY N
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Orange County School District
  • School Tax School District: 0331
  • Census Tract: 015300

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: 176
  • Subdivision Tract Number: 7096
  • Parcel: 12-22-29-7096-02-250
  • Block: B
  • Lot: 25
  • Meridian: SEC 12 TWN 22S RNG 29E
  • Municipality: UN-INCORPORATED
  • Latitude: 28.5848
  • Longitude: -81.3771

    Address

  • Full Address: 1360 Formosa Ave
  • Address - House Number: 1360
  • Address - Street Name: Formosa
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Winter Park
  • Carrier Code: C020
  • 4-Digit Zip Code: 5331
  • Zip Code: 32789

Valuation

    Tax

  • Total Area: 1,976
  • Tax Year: 2023
  • Tax Amount: $7,243
  • Tax Rate Code Area: 11-ORG

    Appraisal Valuation

  • Standard Deviation: 0.1825
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 76
  • Final Value: 487,716
  • High Value: 576,728
  • Low Value: 398,704

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $367,500
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Mar 31, 2022
  • First Open Lien Mortgage Loan Amount: $367,500
  • 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, 2052

    Market Valuation

  • Market Total Value: $412,309
  • Market Land Value: $175,000
  • Market Improvement Value: $237,309

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $412,309
  • Assessed Land Value: $175,000
  • Assessed Improvements Value: $237,309

    Sales

  • Current Sale Contract Date: Mar 25, 2022
  • Current Sale Recording Date: Mar 31, 2022
  • Current Sale Transaction ID: 11884178143
  • Current Sale Price: $490,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 206228
  • Previous Sale Recording Date: Apr 13, 2006
  • Previous Sale Contract Date: Apr 06, 2006
  • Previous Sale Amount: $299,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE LLC
  • First Mortgage Transaction Date: Mar 31, 2022
  • First Mortgage Loan Amount: $367,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: GREENPOINT MORTGAGE FUNDING IN
  • Previous Mortgage Transaction Date: Apr 13, 2006
  • Previous Mortgage Loan Amount: $239,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: May 01, 2036

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Frequently Asked Questions

What neighborhood is 1360 Formosa Avenue located in?
The 1360 Formosa Avenue is a located in the neighborhood of Pines West in Fairview Shores, Winter Park.
What is the average sales price for listings in 1360 Formosa Avenue?
The average sales price for units in 1360 Formosa Avenue is $0 currently.

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