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1505 Gumwood Drive

1505 Gumwood Drive, The Villages, FL 32162
Property in Wildwood
Sold May 04, 2021
$275,000
$150,000 by Citizens 1st Bank
Mortgage Due Mar 01, 2053
Sold Sep 19, 2007
$210,300
$168,208 by Citizens First Wholesale Mortg
Mortgage Due Oct 01, 2037
Local assessors in The Villages, FL have categorized 1505 Gumwood Drive as a residential type of property. The home was built in 2007 and is 17 years old. The property's lot size has been calculated to be 5,825 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a custom style. If we look only at the heated or air conditioned part of the building, then 1505 Gumwood Drive has a total of 1,512 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 480 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Lots of wood were used in the construction of the exterior walls of the home. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1505 Gumwood Drive was last sold in Apr 15, 2021 for $275,000. According to our calculations, that's $138.05 per sqft. Prior to that sales transaction, the property was sold for $210,300 in Sep 14, 2007. Current property owners are expected to pay $4,067 in taxes per year. The property on 1505 Gumwood Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $243,800. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Custom
  • Exterior Walls Type: Wood
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 480
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,825
  • Total Building Area: 1,992
  • Gross Building Area: 2,212
  • Building Area: 1,512
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,512
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE VILLAGES OF SUMTER
  • Land Acres: 0.134
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 123 THE VILLAGES OF SUMTER UNIT NO 147 PB 9 PGS 8-8D

Ownership

  • Current Owner : CROSS LARRY A
  • Current Owner 2: CROSS SANDRA L
  • Previous Owner : SULLIVAN MARILYN GRACE
  • Owner Before Previous Owner: THE VILLAGES OF LAKE SUMTER INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Sumter County School District
  • Census Tract: 911206

Geography

  • Parcel: G03C123
  • Lot: 123
  • Meridian: SEC 3 TWN 19S RNG 23E
  • Municipality: SUMTER COUNTY
  • Latitude: 28.869
  • Longitude: -81.9893

    Address

  • Full Address: 1505 Gumwood Dr
  • Address - House Number: 1505
  • Address - Street Name: Gumwood
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: The Villages
  • Carrier Code: H062
  • 4-Digit Zip Code: 2120
  • Zip Code: 32162

Valuation

    Tax

  • Total Area: 1,949
  • Tax Year: 2023
  • Tax Amount: $4,067
  • Tax Rate Code Area: 5011

    Appraisal Valuation

  • Standard Deviation: 0.1482
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 416,999
  • High Value: 478,819
  • Low Value: 355,179

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $150,000
  • First Open Lien Mortgage Lender: CITIZENS 1ST BANK
  • First Open Lien Mortgage Recording Date: Feb 24, 2023
  • First Open Lien Mortgage Loan Amount: $150,000
  • 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: Mar 01, 2053

    Market Valuation

  • Market Total Value: $313,210
  • Market Land Value: $23,300
  • Market Improvement Value: $289,910

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $243,800

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 15, 2021
  • Current Sale Recording Date: May 04, 2021
  • Current Sale Transaction ID: 11835279927
  • Current Sale Price: $275,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202160024802
  • Previous Sale Recording Date: Sep 19, 2007
  • Previous Sale Contract Date: Sep 14, 2007
  • Previous Sale Amount: $210,300
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIZENS FIRST BANK INC
  • First Mortgage Transaction Date: May 04, 2021
  • First Mortgage Loan Amount: $110,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2036

    Previous Mortgages

  • Previous Mortgage Lender: CITIZENS FIRST WHOLESALE MORTG
  • Previous Mortgage Transaction Date: Sep 19, 2007
  • Previous Mortgage Loan Amount: $168,208
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Oct 01, 2037

About The Villages



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Frequently Asked Questions

What neighborhood is 1505 Gumwood Drive located in?
The 1505 Gumwood Drive is a located in the neighborhood of Wildwood in The Villages, The Villages.
What is the average sales price for listings in 1505 Gumwood Drive?
The average sales price for units in 1505 Gumwood Drive is $0 currently.

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