by RH Advisors

See Home Value
$185,000
Mobile Manufactured - Off Market

31540 Terrace DRIVE

TAVARES, FL 32778
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1190 Sqft
$1,134
Estimated Monthly
$25
HOA / Fees
8.39%
Cap Rate

About This Property

Welcome to the fisherman's dream and boater's paradise on five amazing lakes in beautiful Lake County, Florida! Start from your boathouse and lower your boat on the motorized boat lift! Enjoy Lake Harris, Lake Eustis, Lake Dora, and Lake Griffith that are all accessible from right outside your back door. Easy to compete in the many bass tournaments sponsored each year! And when the grandchildren come, you are only 40 miles from Walt Disney World, SeaWorld, Universal Studios, Gatorland, and Legoland.

This is a MOVE-IN READY lake home with two bedrooms, two bathrooms, dining room, living room and spacious family room with backyard water views. In addition, there is a workshop and storage room. Enjoy upgraded electrical and up-to-date appliances.

Easy to keep wood and vinyl plank flooring throughout, with a front and rear screened lanai. Enjoy the fire pit on your rear concrete patio and deck or simply watch the fish jump! LOW HOA fees are only $25.00 a month, and allow access to an indoor heated pool, spa, billiards, shuffleboard, and more! Enjoy many community activities, including dinners, dances and bingo with new friends. Join in the golf cart parades or just a stroll around the property and enjoy the beautiful natural green landscape. Another outstanding feature is storing your trailer for only $1.00 per month. Easy access to restaurants, shopping, and so much more! Come and enjoy beautiful Lake County!
Unit Size
1,190Ft²
Days on Market
72 days
Land Size
0.12 acres
Price per sqft
$168
Property Type
Mobile Manufactured
Property Taxes
$127
HOA Dues
$25
Year Built
1967
Last updated: 3 months ago (Stellar MLS #O6163314)

Price History

Date / Event Date Event Price
Feb 23, 2024 Sold $185,000
Sold
Feb 2, 2024 In contract -
In contract
Jan 31, 2024 Relisted $199,900
Relisted
Jan 23, 2024 In contract -
In contract
Jan 20, 2024 Price Decreased $199,900
↓ $25K (11.1%)
Price Decreased
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Property Highlights

Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 2015
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Mobile home
  • Exterior Walls Type: Wood
  • Roof Shape Type: Sawtooth
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 287
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,837
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 600
  • Total Building Area: 800
  • Gross Building Area: 992
  • Building Area: 800
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 800
  • Heating Fuel Type: None

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: IMPERIAL MOBILE TERRACE 1ST ADD SUB
  • Land Acres: 0.134
  • Standard Land Use Code: Mobile/manufactured home (regardless of land ownership)
  • Mobile Home Indicator: T
  • Legal Description 1: IMPERIAL MOBILE TERRACE 1ST ADD SUB LOT 14 PB 17 PG 58 ORB 5597 PG 1808

Ownership

  • Current Owner : FRANK DEAN W
  • Current Owner 2: BUSH KATHRYN M
  • Previous Owner : DUNHAM JOHN A
  • Previous Owner 2: DUNHAM IRENE G
  • Owner Before Previous Owner: WALL DELBERT L
  • Owner Before Previous Owner 2: WALL JANICE F
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Lake County School District
  • Census Tract: 030806

Zoning

  • Zoning: RM

Geography

  • Assessors Map Reference: 51A
  • Account Number: 1330645
  • Subdivision Tract Number: 0300
  • Parcel: 25-19-25-0300-000-01400
  • Lot: 14
  • Meridian: SEC 25 TWN 19S RNG 25E
  • Municipality: UNINCORPORATED
  • Latitude: 28.8089
  • Longitude: -81.7652

    Address

  • Full Address: 31540 Terrace Dr
  • Address - House Number: 31540
  • Address - Street Name: Terrace
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Tavares
  • Carrier Code: R002
  • 4-Digit Zip Code: 4748
  • Zip Code: 32778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,712
  • Tax Rate Code Area: IT02

    Appraisal Valuation

  • Standard Deviation: 0.0849
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 93
  • Final Value: 192,839
  • High Value: 209,223
  • Low Value: 176,454

    Market Valuation

  • Market Total Value: $143,222
  • Market Land Value: $63,000
  • Market Improvement Value: $80,222

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $123,480

    Sales

  • Current Sale Contract Date: Feb 21, 2024
  • Current Sale Recording Date: Feb 29, 2024
  • Current Sale Transaction ID: 11921951353
  • Current Sale Price: $185,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 23032
  • Previous Sale Recording Date: Dec 09, 2020
  • Previous Sale Contract Date: Nov 25, 2020
  • Previous Sale Amount: $139,900
  • Previous Sale Document Type: Warranty Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Mobile / Manufactured
2 Beds
3 Baths
1,479 ft²
$134/ft²
$198,000 Jun 24, 2023
$198,000 Nov 1, 2023
$219/mo
Mobile / Manufactured
3 Beds
2 Baths
1,568 ft²
$133/ft²
$208,000 Jul 5, 2023
$208,000 Sep 11, 2023
$111/mo
House
3 Beds
3 Baths
1,581 ft²
$149/ft²
$235,000 Aug 18, 2023
$235,000 Nov 20, 2023
$287/mo
Mobile / Manufactured
2 Beds
2 Baths
1,130 ft²
$199/ft²
$225,000 Jul 6, 2023
-
$87/mo
Mobile / Manufactured
2 Beds
2 Baths
1,332 ft²
$165/ft²
$220,000 Jul 19, 2023
-
$209/mo
Mobile / Manufactured
2 Beds
2 Baths
1,026 ft²
$180/ft²
$185,000 Nov 23, 2023
-
$173/mo
Mobile / Manufactured
2 Beds
2 Baths
1,316 ft²
$129/ft²
$169,900 Sep 13, 2023
-
$203/mo

About Imperial Mobile Terrace


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Frequently Asked Questions

When was property at 31540 Terrace Drive built and last sold?
The property at 31540 Terrace Drive was built in 1967 and last sold on Feb 21, 2024 for $185,000.
How much is this home worth?
The estimated value of the home located at 31540 Terrace Drive is $231,290.
What are some comparable homes to 31540 Terrace Drive?
Homes that are comparable to 31540 Terrace Drive include a mobile / manufactured property at 2734 Vindale Road, 728 Bengal Avenue, 2741 Vindale Road.

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