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1516 Park Drive

1516 Park Drive, Leesburg, FL 34748
Property in Love's Point
Sold Jul 24, 2020
$475,000
$427,500 by Academy Mortgage Corp
Mortgage Due Aug 01, 2050
Sold Jun 24, 2016
$306,000
$316,098 by Impac Mortgage
Mortgage Due Jul 01, 2046
1516 Park Drive in Leesburg, FL was first built in 1951 and is 73 years old. Although, the building on the property was most recently renovated and altered in 2013. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1516 Park Drive has 2,430 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,200 ft and the linear feet between the front and back of the lot is 6,120. In total, the area measurement of the land is 69,396 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The roof of the home is made of asphalt. For those who need parking, there is a attached garage. The garage is 498 sqft. There are a total of 4 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with nothing. 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, 1516 Park Drive was last sold in Jul 24, 2020 for $475,000. According to our calculations, that's $162.23 per sqft. Prior to that sales transaction, the property was sold for $306,000 in Jun 20, 2016. Current property owners are expected to pay $5,354 in taxes per year. The property on 1516 Park Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $366,650. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1951
  • Effective Year Built: 2013
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Construction Type: Frame
  • Exterior Walls Type: Brick
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 498
  • Parking Space Count: 4
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 69,396
  • Lot Size Depth Feet: 6,120
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 2,928
  • Gross Building Area: 2,928
  • Building Area: 2,430
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,430
  • Heating Fuel Type: None

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LEESBURG
  • Land Acres: 1.593
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LEESBURG LOVES POINT LOT 34 & N 20 FT OF FERN ST NOW VACATED PB 11 PG 39 ORB 5510 PG 1466

Ownership

  • Current Owner : POLFER MICHAEL
  • Current Owner 2: POLFER KRISTINE
  • Previous Owner : FISCHER TIMOTHY PAUL
  • Previous Owner 2: FISCHER KIMBERLY
  • Owner Before Previous Owner: SAID STEVE M
  • Owner Before Previous Owner 2: SAID DIANNE A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lake County School District
  • Census Tract: 030701

Geography

  • Assessors Map Reference: 42C
  • Account Number: 1351642
  • Subdivision Tract Number: 0400
  • Parcel: 35-19-24-0400-000-03400
  • Lot: 34
  • Meridian: SEC 35 TWN 19S RNG 24E
  • Municipality: LEESBURG
  • Latitude: 28.7945
  • Longitude: -81.883

    Address

  • Full Address: 1516 Park Dr
  • Address - House Number: 1516
  • Address - Street Name: Park
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Leesburg
  • Carrier Code: C007
  • 4-Digit Zip Code: 6738
  • Zip Code: 34748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,354
  • Tax Rate Code Area: L

    Appraisal Valuation

  • Standard Deviation: 0.1655
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 79
  • Final Value: 661,084
  • High Value: 770,518
  • Low Value: 551,650

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $427,500
  • First Open Lien Mortgage Lender: ACADEMY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jul 24, 2020
  • First Open Lien Mortgage Loan Amount: $427,500
  • 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: Aug 01, 2050

    Market Valuation

  • Market Total Value: $509,377
  • Market Land Value: $162,134
  • Market Improvement Value: $347,243

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $366,650

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 24, 2020
  • Current Sale Recording Date: Jul 24, 2020
  • Current Sale Transaction ID: 11775264545
  • Current Sale Price: $475,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020079584
  • Previous Sale Recording Date: Jun 24, 2016
  • Previous Sale Contract Date: Jun 20, 2016
  • Previous Sale Amount: $306,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ACADEMY MORTGAGE CORP
  • First Mortgage Transaction Date: Jul 24, 2020
  • First Mortgage Loan Amount: $427,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: IMPAC MORTGAGE
  • Previous Mortgage Transaction Date: Jun 24, 2016
  • Previous Mortgage Loan Amount: $316,098
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Jul 01, 2046

About Love's Point



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Frequently Asked Questions

What neighborhood is 1516 Park Drive located in?
The 1516 Park Drive is a located in the neighborhood of Love's Point in Love's Point, Leesburg.
What is the average sales price for listings in 1516 Park Drive?
The average sales price for units in 1516 Park Drive is $0 currently.

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