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Ocoee 34761 Wedgewood Commons
1853 Rachels Ridge LOOP
$415,000
● House - Off Market

1853 Rachels Ridge LOOP

OCOEE, FL 34761
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,887 Ft²
$415,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Welcome to this beautiful 3-bedroom, 2-bathroom ranch-style home in the desirable Wedgewood Commons Subdivision of Ocoee, the center of good living! Just a 5-minute drive from shops and stores, with easy access to the 408, Turnpike, and 429 highways, this home offers convenience at every turn. Inside, the open family room with sliding glass doors to the covered patio provides the perfect space for relaxation and gatherings. The well-appointed kitchen, complete with a range, is a chef's dream, and the three generously sized bedrooms, including a master bedroom with an ensuite bathroom featuring a tub and a separate glass shower enclosure, offer ample space for rest and retreat. Additionally, this property features a deep car garage, perfect for storage or hobby enthusiasts. Whether you're a first-time homebuyer or a growing family, this home is a perfect fit. Call our office today for a preview.
Unit Size
1,887 Ft²
Days on Market
64 days
Land Size
0.21 acres
Price per sqft
$220
Property Type
House
Property Taxes
$151
HOA Dues
$27
Year Built
1999

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Stellar MLS #O6144648)

Price History

Date / Event Date Event Price
Dec 5, 2023 Sold
Premium
Sold
Oct 28, 2023 In contract -
In contract
Sep 27, 2023 Listed by VALIANT REALTY GROUP LLC $415,000
Listed by VALIANT REALTY GROUP LLC
Sep 7, 1999 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 13
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 446
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,343
  • Total Building Area: 2,523
  • Gross Building Area: 2,523
  • Building Area: 1,887
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,887
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEDGEWOOD COMMONS PH 2
  • Land Acres: 0000000214
  • Standard Land Use Code: 1001
  • County Land Use Code: 0103
  • State Land Use Code: 001
  • Legal Description 1: WEDGEWOOD COMMONS PHASE 2 39/122 LOT 67

Neighborhood

  • School District Name: Orange County School District
  • School Tax School District: 5300 5310 5330
  • Census Tract: 018100

Zoning

  • Zoning: R-1A

Geography

  • Assessors Map Reference: 69B
  • Subdivision Phase Number: 2
  • Subdivision Tract Number: 9065
  • Parcel: 16-22-28-9065-00-670
  • Lot: 67
  • Meridian: SEC 16 TWN 22S RNG 28E
  • Municipality: OCOEE
  • Latitude: 28.5699
  • Longitude: -81.5143

    Address

  • Full Address: 1853 Rachels Ridge Loop
  • Address - House Number: 1853
  • Address - Street Name: Rachels Ridge
  • Address - Suffix Type: Loop
  • State: FL
  • City Name: Ocoee
  • Carrier Code: C012
  • 4-Digit Zip Code: 9011
  • Zip Code: 34761

Valuation

    Tax

  • Total Area: 2,174
  • Tax Year: 2023
  • Tax Amount: $175,297
  • Tax Rate Code Area: 65-OCO

    Appraisal Valuation

  • Standard Deviation: 0.1762
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 77
  • Final Value: 435,671
  • High Value: 512,478
  • Low Value: 358,863

    Market Valuation

  • Market Total Value: $302,143
  • Market Land Value: $80,000
  • Market Improvement Value: $222,143

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $153,549

    Sales

  • Current Sale Contract Date: Nov 30, 2023
  • Current Sale Recording Date: Dec 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 698056
  • Previous Sale Recording Date: Sep 07, 1999
  • Previous Sale Amount: $134,900
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Wedgewood Commons

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 4633 Hazelgrove Drive, ORLANDO, FL, 32818

$2,150 /mo

  • 3 Beds
  • 2 Baths
  • 1,544 ft²
4633 Hazelgrove Drive, ORLANDO, FL, 32818 Listing by Paula Wells
Unit for rent at 1300 Woodman Way, FL, 32818

$2,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,240 ft²
1300 Woodman Way, FL, 32818 Listing by Melvyn Rodriguez LLC
Unit for rent at 1758 Marsh Palm Parkway, OCOEE, FL, 34761

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,751 ft²
1758 Marsh Palm Parkway, OCOEE, FL, 34761 Listing by Ken Warren

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Lou Forges
VALIANT REALTY GROUP LLC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# O6144648
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1853 Rachels Ridge Loop built and last sold?
The property at 1853 Rachels Ridge Loop was built in 1999 and last sold on Nov 30, 2023 for $415,000.
How much is this home worth?
The estimated value of the home located at 1853 Rachels Ridge Loop is $0.
What are some comparable homes to 1853 Rachels Ridge Loop?
There are currently no comparable homes to 1853 Rachels Ridge Loop.
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