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531 Terrace Cove Way

531 Terrace Cove Way, Orlando, FL 32828
Sold Feb 15, 2023
$525,000
$820,950 by Federal Housing Commissioner
Mortgage Due Apr 09, 2111
Sold Jul 19, 2022
$534,900
531 Terrace Cove Way in Orlando, FL was first built in 1995 and is 29 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 531 Terrace Cove Way has 2,695 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. In total, the area measurement of the land is 8,666 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 home has a gable or hip style roof made of composition shingle. For those who need parking, there is a attached garage. The garage is 440 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as good. The exterior walls of the home are made of concrete block. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. 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 electricity. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Feb 13, 2023 for $525,000. That's $146.48 per sqft. Prior to that sales transaction, the property was also sold in Jul 13, 2022 for $534,900. 531 Terrace Cove Way was last assessed in 2023. The total value of the property was assessed at $472,760. Specifically, the land the property is located on was valued at $65,000. While improvements on the property were assessed at a total of $407,760. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $7,811. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Block Exterior
Stucco Exterior
Wood Exterior

Parking

Garage Parking
Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: C
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 8,666
  • Total Building Area: 3,584
  • Gross Building Area: 3,584
  • Building Area: 2,695
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,695
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WATERFORD LAKES TR N 24
  • Land Acres: 0.199
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WATERFORD LAKES TRACT N-24 30/89 LOT 85

Ownership

  • Current Owner : GUEVARA WALTER
  • Current Owner 2: GUEVARA ELVA
  • Previous Owner : OPENDOOR PROPERTY TRUST
  • Owner Before Previous Owner: MICHAEL JACKSON
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Right of Survivorship

Neighborhood

  • School District Name: Orange County School District
  • School Tax School District: 0336 3135
  • Census Tract: 016743

Zoning

  • Zoning: P-D

Geography

  • Assessors Map Reference: 267B
  • Subdivision Tract Number: N-24
  • Parcel: 26-22-31-9050-00-850
  • Lot: 85
  • Meridian: SEC 26 TWN 22S RNG 31E
  • Municipality: UN-INCORPORATED
  • Latitude: 28.5451
  • Longitude: -81.1938

    Address

  • Full Address: 531 Terrace Cove Way
  • Address - House Number: 531
  • Address - Street Name: Terrace Cove
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Orlando
  • Carrier Code: C097
  • 4-Digit Zip Code: 9058
  • Zip Code: 32828

Valuation

    Tax

  • Total Area: 2,994
  • Tax Year: 2023
  • Tax Amount: $7,811
  • Tax Rate Code Area: 11-ORG

    Appraisal Valuation

  • Standard Deviation: 0.1648
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 592,942
  • High Value: 690,687
  • Low Value: 495,197

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,641,900
  • First Open Lien Mortgage Lender: FEDERAL HOUSING COMMISSIONER
  • First Open Lien Mortgage Recording Date: Jan 17, 2024
  • First Open Lien Mortgage Loan Amount: $820,950
  • First Open Lien Mortgage Term: 999
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Apr 09, 2111
  • Second Open Lien Mortgage Lender: TRUST MORTGAGE LENDING CORP
  • Second Open Lien Mortgage Recording Date: Jan 02, 2024
  • Second Open Lien Mortgage Loan Amount: $820,950
  • Second Open Lien Mortgage Term: 999
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Apr 09, 2111

    Market Valuation

  • Market Total Value: $472,760
  • Market Land Value: $65,000
  • Market Improvement Value: $407,760

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $472,760
  • Assessed Land Value: $65,000
  • Assessed Improvements Value: $407,760

    Sales

  • Current Sale Contract Date: Feb 13, 2023
  • Current Sale Recording Date: Feb 15, 2023
  • Current Sale Transaction ID: 11902235337
  • Current Sale Price: $525,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 87137
  • Previous Sale Recording Date: Jul 19, 2022
  • Previous Sale Contract Date: Jul 13, 2022
  • Previous Sale Amount: $534,900
  • Previous Sale Document Type: Warranty Deed

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Frequently Asked Questions

What neighborhood is 531 Terrace Cove Way located in?
The 531 Terrace Cove Way is a house located in the neighborhood of Waterford Lakes North in Waterford Lakes North, Orlando.
What is the average sales price for listings in 531 Terrace Cove Way?
The average sales price for units in 531 Terrace Cove Way is $0 currently.

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