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Lake 34748
720 Flatwoods ROAD
$125,000
● House - Off Market

720 Flatwoods ROAD

LEESBURG, FL 34748
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,336 Ft²
$823
Est. Monthly
17.20%
Cap Rate

About This Property

Looking for an Investment property! 2bed/2bath pool home with a guest/in-law apartment.
Unit Size
2,336 Ft²
Days on Market
13 days
Land Size
0.87 acres
Price per sqft
$54
Property Type
House
Property Taxes
$208
HOA Dues
-
Year Built
1960

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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: 2 years ago (Stellar MLS #G5088328)

Price History

Date / Event Date Event Price
Oct 31, 2024 Sold
Premium
Sold
Oct 18, 2024 Listed by MORRIS REALTY AND INVESTMENTS $125,000
Listed by MORRIS REALTY AND INVESTMENTS

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 31
  • Exterior Walls Type: 7
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 775
  • Parking Space Count: 3
  • Patio Type: 79
  • Porch Type: 59
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 34,721
  • Lot Size Depth Feet: 3,770
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,300
  • Gross Building Area: 2,300
  • Building Area: 2,300
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,300
  • Heating Fuel Type: 5

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000797
  • Standard Land Use Code: 1101
  • County Land Use Code: 0800
  • State Land Use Code: 008
  • Legal Description 1: N 100 FT OF S 582 FT OF W 377 FT OF NW 1/4 OF SW 1/4 ORB 3961 PG 961

Neighborhood

  • School District Name: Lake County School District
  • Census Tract: 030507

Zoning

  • Zoning: R6

Geography

  • Assessors Map Reference: 41B
  • Account Number: 1206553
  • Subdivision Tract Number: 0003
  • Parcel: 28-19-24-0003-000-03201
  • Lot: 32
  • Meridian: SEC 28 QTR 3 TWN 19S RNG 24E
  • Municipality: UNINCORPORATED
  • Latitude: 28.8046
  • Longitude: -81.9203

    Address

  • Full Address: 720 Flatwoods Rd
  • Address - House Number: 720
  • Address - Street Name: Flatwoods
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Leesburg
  • Carrier Code: R032
  • 4-Digit Zip Code: 8552
  • Zip Code: 34748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $250,183
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.1316
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 85
  • Final Value: 229,869
  • High Value: 260,127
  • Low Value: 199,610

    Market Valuation

  • Market Total Value: $154,492
  • Market Land Value: $26,093
  • Market Improvement Value: $128,399

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $139,850

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 09, 2010
  • Current Sale Recording Date: Oct 20, 2010
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2010105328
  • Previous Sale Recording Date: Feb 12, 2002
  • Previous Sale Contract Date: Feb 04, 2002
  • Previous Sale Document Type: 69
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 Lake

Stats & Trends

Median Asking:

$381,990

Sale Price/ft²

$206

Above Asking

0.01%

Average Days on Market

76

Average Home Size

2201 ft²

Average Home Age

20.2 years

Currently For Sale

3864 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 6487 Peter Lane, THE VILLAGES, FL, 34762

$2,150 /mo

  • 3 Beds
  • 2 Baths
  • 1,280 ft²
6487 Peter Lane, THE VILLAGES, FL, 34762 Listing by Jessica Dumont, LLC

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Lena Williams
MORRIS REALTY AND INVESTMENTS
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# G5088328
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 720 Flatwoods Road built and last sold?
The property at 720 Flatwoods Road was built in 1960 and last sold on Aug 9, 2010 for $0.
How much is this home worth?
The estimated value of the home located at 720 Flatwoods Road is $144,795.
What are some comparable homes to 720 Flatwoods Road?
There are currently no comparable homes to 720 Flatwoods Road.
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