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Tavares 32778 Martin's Grove
2365 MARTINS RUN
$350,000
● House - Off Market

2365 MARTINS RUN

TAVARES, FL 32778
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,547 Ft²
$2,293
Est. Monthly
$60
HOA / Fees
9.49%
Cap Rate

About This Property

Welcome to 2365 Martins Run in Tavares, FL. This single-family home is being sold AS-IS and offers important updates, including a new roof installed in 2024 and an AC system replaced in 2020. The water heater remains original, giving buyers the opportunity to update to their preference. Located in a desirable community, this property provides convenient access to shopping, dining, and local schools. Buyers may also qualify for $6,000 toward closing costs when using an approved lender, making this a great option to consider.
Unit Size
2,547 Ft²
Days on Market
37 days
Land Size
0.14 acres
Price per sqft
$140
Property Type
House
Property Taxes
$484
HOA Dues
$60
Year Built
2006

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 13 months ago (Stellar MLS #O6339222)

Price History

Date / Event Date Event Price
Oct 2, 2025 Sold
Premium
Sold
Sep 6, 2025 In contract -
In contract
Aug 26, 2025 Listed by BROKER HUB REALTY GROUP LLC $355,990
Listed by BROKER HUB REALTY GROUP LLC
Oct 29, 2010 Sold
Premium
Sold
Jul 31, 2009 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 2
  • Patio Type: 93
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,189
  • Total Building Area: 2,988
  • Gross Building Area: 2,988
  • Building Area: 2,547
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,547
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARTINS GROVE
  • Land Acres: 0000000142
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: MARTINS GROVE PB 56 PG 60-62 LOT 91 ORB 3801 PG 2152 ORB 3965 PG 798

Neighborhood

  • School District Name: Lake County School District
  • Census Tract: 030805

Zoning

  • Zoning: PD

Geography

  • Assessors Map Reference: BK 56 PG 60-62
  • Account Number: 3841978
  • Subdivision Tract Number: A-G
  • Parcel: 31-19-26-0210-000-09100
  • Lot: 91
  • Meridian: SEC 31 TWN 19S RNG 26E
  • Municipality: TAVARES
  • Latitude: 28.7966
  • Longitude: -81.7518

    Address

  • Full Address: 2365 Martins Run
  • Address - House Number: 2365
  • Address - Street Name: Martins
  • Address - Suffix Type: Run
  • State: FL
  • City Name: Tavares
  • Carrier Code: C006
  • 4-Digit Zip Code: 5179
  • Zip Code: 32778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $534,089
  • Tax Rate Code Area: T

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 79
  • Final Value: 434,378
  • High Value: 505,834
  • Low Value: 362,922

    Market Valuation

  • Market Total Value: $339,113
  • Market Land Value: $47,460
  • Market Improvement Value: $291,653

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $339,113
  • Assessed Land Value: $47,460
  • Assessed Improvements Value: $291,653

    Sales

  • Current Sale Contract Date: Jun 07, 2010
  • Current Sale Recording Date: Oct 29, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 2010109137
  • Previous Sale Recording Date: Jul 31, 2009
  • Previous Sale Contract Date: Jul 28, 2009
  • Previous Sale Amount: $137,995
  • 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 Martin's Grove

Stats & Trends

Median Asking:

$306,450

Sale Price/ft²

$180

Below Asking

0.04%

Average Days on Market

86

Average Home Size

1878 ft²

Average Home Age

16.7 years

Currently For Sale

3 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

Rentals Near You

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STELLAR

Listed by: Melyssa Caban
BROKER HUB REALTY GROUP LLC
Last Updated: 13 months ago
Data Source: Stellar MLS, MLS# O6339222
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 2365 Martins Run built and last sold?
The property at 2365 Martins Run was built in 2006 and last sold on Jun 7, 2010 for $108,600.
How much is this home worth?
The estimated value of the home located at 2365 Martins Run is $0.
What are some comparable homes to 2365 Martins Run?
There are currently no comparable homes to 2365 Martins Run.
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