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8923 Tibet Bay Drive

8923 Tibet Bay Drive, Orlando, FL 32819
Property in Bay Hill
Sold Sep 11, 2020
$485,000
$388,000 by Finemark National Bank & Trust
Mortgage Due Sep 01, 2050
8923 Tibet Bay Drive in Orlando, FL was first built in 1969 and is 55 years old. Although, the building on the property was most recently renovated and altered in 1980. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 8923 Tibet Bay Drive has 2,730 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 12,034 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. 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 576 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 average. 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 Aug 26, 2020 for $485,000. That's $142.82 per sqft. 8923 Tibet Bay Drive was last assessed in 2023. The total value of the property was assessed at $583,085. Specifically, the land the property is located on was valued at $175,000. While improvements on the property were assessed at a total of $408,085. 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 $8,922. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1980
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • 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: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 576
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 12,034
  • Total Building Area: 3,396
  • Gross Building Area: 3,396
  • Building Area: 2,730
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,730
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BAY HILL SEC 1B
  • Land Acres: 0.276
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BAY HILL SECTION 1-B 2/73 LOT 29

Ownership

  • Current Owner : SMITH DUANE MILTON
  • Current Owner 2: SMITH SARAH JANE
  • Previous Owner : WERNER DEBORAH
  • Previous Owner 2: THE WILLIAM C BLOOD IRREVOCABL
  • Is Owner Occupied: Owner-occupied property
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jan 11, 2024

Neighborhood

  • School District Name: Orange County School District
  • School Tax School District: 0332 3213
  • Census Tract: 017109

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 73B
  • Section: 1
  • Subdivision Tract Number: 529
  • Parcel: 28-23-28-0529-00-290
  • Lot: 29
  • Meridian: SEC 28 TWN 23S RNG 28E
  • Municipality: UN-INCORPORATED
  • Latitude: 28.4561
  • Longitude: -81.511

    Address

  • Full Address: 8923 Tibet Bay Dr
  • Address - House Number: 8923
  • Address - Street Name: Tibet Bay
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Orlando
  • Carrier Code: C053
  • 4-Digit Zip Code: 4856
  • Zip Code: 32819

Valuation

    Tax

  • Total Area: 3,041
  • Tax Year: 2023
  • Tax Amount: $8,922
  • Tax Rate Code Area: 75-ORG

    Appraisal Valuation

  • Standard Deviation: 0.1682
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 78
  • Final Value: 758,218
  • High Value: 885,774
  • Low Value: 630,663

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $488,000
  • First Open Lien Mortgage Lender: FINEMARK NATIONAL BANK & TRUST
  • First Open Lien Mortgage Recording Date: Sep 11, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $388,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2050
  • Second Open Lien Mortgage Lender: FINEMARK NATIONAL BANK & TRUST
  • Second Open Lien Mortgage Recording Date: Jul 03, 2023
  • Second Open Lien Mortgage Loan Amount: $100,000
  • Second Open Lien Mortgage Term: 117
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: May 31, 2033

    Market Valuation

  • Market Total Value: $583,085
  • Market Land Value: $175,000
  • Market Improvement Value: $408,085

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $583,085
  • Assessed Land Value: $175,000
  • Assessed Improvements Value: $408,085

    Sales

  • Current Sale Contract Date: Aug 26, 2020
  • Current Sale Recording Date: Sep 11, 2020
  • Current Sale Transaction ID: 11787602555
  • Current Sale Price: $485,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 20200477070

    Last Sale Mortgage

  • First Mortgage Lender: FINEMARK NATIONAL BANK & TRUST
  • First Mortgage Transaction Date: Sep 11, 2020
  • First Mortgage Loan Amount: $388,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Sep 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Bay Hill



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Frequently Asked Questions

What neighborhood is 8923 Tibet Bay Drive located in?
The 8923 Tibet Bay Drive is a located in the neighborhood of Bay Hill in Bay Hill, Orlando.
What is the average sales price for listings in 8923 Tibet Bay Drive?
The average sales price for units in 8923 Tibet Bay Drive is $0 currently.

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