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Tavares 32778 Summeral Park Heights
525 OAK DRIVE
$289,000
● House - Off Market

525 OAK DRIVE

TAVARES, FL 32778
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,053 Ft²
$1,468
Est. Monthly
7.95%
Cap Rate

About This Property

Three Bedroom, Two Bath. Recently Renovated Top to Bottom. Some highlights are the new architectural roof shingles with transferable warranty, A/C and duct work with warranty, Low E double pane energy efficient windows, Solid wood Q12 quality cabinets with 42 inch uppers, granite throughout, 100% waterproof luxury vinyl planks throughout, Knockdown ceilings, AND Much Much More! Truly a move in ready worry free home better then new!!
Unit Size
1,053 Ft²
Days on Market
63 days
Land Size
0.20 acres
Price per sqft
$274
Property Type
House
Property Taxes
$48
HOA Dues
-
Year Built
1984

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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: 2 years ago (Stellar MLS #G5096880)

Price History

Date / Event Date Event Price
Jul 11, 2025 Sold
Premium
Sold
Jun 3, 2025 In contract -
In contract
May 30, 2025 Price Decreased $289,000
↓ $6K (1.9%)
Price Decreased
May 9, 2025 Listed by LIST NOW REALTY, LLC $294,500
Listed by LIST NOW REALTY, LLC
Jul 22, 1998 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 2015
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 7
  • 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: 297
  • Parking Space Count: 1
  • Patio Type: 59
  • Porch Type: 59
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,550
  • Lot Size Depth Feet: 1,140
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,350
  • Gross Building Area: 1,350
  • Building Area: 1,053
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,053
  • Heating Fuel Type: 5

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TAVARES SUMMERALL PARK HEIGHTS
  • Land Acres: 0000000196
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: TAVARES SUMMERALL PARK HEIGHTS S 1/2 OF LOT 8 LOT 9 BLK H PB 8 PG 44 ORB 1628 PG 1916

Neighborhood

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

Zoning

  • Zoning: RSF1

Geography

  • Assessors Map Reference: 58C
  • Account Number: 2707135
  • Subdivision Tract Number: 0400
  • Parcel: 31-19-26-0400-00H-00800
  • Block: H
  • Lot: 8
  • Meridian: SEC 31 TWN 19S RNG 26E
  • Municipality: TAVARES
  • Latitude: 28.7982
  • Longitude: -81.7446

    Address

  • Full Address: 525 Oak Dr
  • Address - House Number: 525
  • Address - Street Name: Oak
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Tavares
  • Carrier Code: C006
  • 4-Digit Zip Code: 3914
  • Zip Code: 32778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $56,209
  • Tax Rate Code Area: T

    Appraisal Valuation

  • Standard Deviation: 0.1973
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 239,179
  • High Value: 286,379
  • Low Value: 191,980

    Market Valuation

  • Market Total Value: $182,408
  • Market Land Value: $47,460
  • Market Improvement Value: $134,948

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $63,240

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 15, 1998
  • Current Sale Recording Date: Jul 22, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jul 19, 1993
  • Previous Sale Contract Date: Jul 16, 1993
  • Previous Sale Amount: $50,000
  • Previous Sale Document Type: 27
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 Summeral Park Heights

Stats & Trends

Median Asking:

$267,250

Sale Price/ft²

$198

Below Asking

0.02%

Average Days on Market

84

Average Home Size

1363 ft²

Average Home Age

63 years

Currently For Sale

4 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 1057 E E Caroline Street, TAVARES, FL, 32778

$2,100 /mo

  • 3 Beds
  • 2 Baths
  • 2,139 ft²
1057 E E Caroline Street, TAVARES, FL, 32778 Listing by Sherrie Bodner
Unit for rent at 1147 E Caroline Street, TAVARES, FL, 32778

$2,100 /mo

  • 3 Beds
  • 2 Baths
  • 2,139 ft²
1147 E Caroline Street, TAVARES, FL, 32778 Listing by Lauren Bailey
Unit for rent at 1075 E Caroline Street, TAVARES, FL, 32778

$2,100 /mo

  • 3 Beds
  • 2 Baths
  • 2,139 ft²
1075 E Caroline Street, TAVARES, FL, 32778 Listing by Sherrie Bodner

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Matt Buttner
LIST NOW REALTY, LLC
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# G5096880
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 525 Oak Drive built and last sold?
The property at 525 Oak Drive was built in 1984 and last sold on Jul 15, 1998 for $59,700.
How much is this home worth?
The estimated value of the home located at 525 Oak Drive is $0.
What are some comparable homes to 525 Oak Drive?
There are currently no comparable homes to 525 Oak Drive.
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