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3623 Lazy River Terrace

3623 Lazy River Terrace, Sanford, FL 32771
Property in Sanford
Sold Oct 06, 2020
$295,200
$301,948 by Weslend Financial Corp
Mortgage Due Nov 01, 2050
Sold Jun 12, 2020
$146,000
3623 Lazy River Terrace has been categorized by the local assessors in Sanford, FL as a residential type of property. The building on the property was first built in 2020 and is 4 years old. The home has a total of 4 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 3623 Lazy River Terrace has 2,016 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,500 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 448 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a unknown. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of concrete block. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 3623 Lazy River Terrace sold most recently in Oct 2, 2020 for a total of $295,200. If you work out the math, that's approximately a cost of $119.81 per sqft. Before that, the property was also sold for $146,000 in Jun 5, 2020. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,350 in taxes each year. 3623 Lazy River Terrace was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $268,739. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Exterior Walls Type: Concrete block
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 448
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,500
  • Total Building Area: 2,464
  • Gross Building Area: 2,464
  • Building Area: 2,016
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,016
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIVERSIDE RESERVE
  • Land Acres: 0.149
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 5 RIVERSIDE RESERVE PLAT BOOK 85 PAGES 18-22

Ownership

  • Current Owner : ALGER JEREMIAH EVERETT
  • Current Owner 2: ALGER RACHEL NICOLE
  • Previous Owner : NVR INC
  • Owner Before Previous Owner: RIVERSIDE RESERVE DEVELOPMENT LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Seminole County School District
  • School Tax School District: COUNTY-TX DIST
  • Census Tract: 021100

Geography

  • Assessors Map Reference: 00ABFF42
  • Parcel: 33-19-31-514-0000-0050
  • Lot: 5
  • Municipality: COUNTY-TX DIST 1
  • Latitude: 28.7925
  • Longitude: -81.2238

    Address

  • Full Address: 3623 Lazy River Ter
  • Address - House Number: 3623
  • Address - Street Name: Lazy River
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Sanford
  • Carrier Code: R032
  • 4-Digit Zip Code: 8405
  • Zip Code: 32771

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,350
  • Tax Rate Code Area: 01

    Appraisal Valuation

  • Standard Deviation: 0.1327
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 84
  • Final Value: 424,006
  • High Value: 480,313
  • Low Value: 367,699

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $301,948
  • First Open Lien Mortgage Lender: WESLEND FINANCIAL CORP
  • First Open Lien Mortgage Recording Date: Oct 06, 2020
  • First Open Lien Mortgage Loan Amount: $301,948
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2050

    Market Valuation

  • Market Total Value: $329,735
  • Market Land Value: $75,000
  • Market Improvement Value: $254,735

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $268,739

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 02, 2020
  • Current Sale Recording Date: Oct 06, 2020
  • Current Sale Transaction ID: 11790607876
  • Current Sale Price: $295,200
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2020112835
  • Previous Sale Recording Date: Jun 12, 2020
  • Previous Sale Contract Date: Jun 05, 2020
  • Previous Sale Amount: $146,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WESLEND FINANCIAL CORP
  • First Mortgage Transaction Date: Oct 06, 2020
  • First Mortgage Loan Amount: $301,948
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

About Midway



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Frequently Asked Questions

What neighborhood is 3623 Lazy River Terrace located in?
The 3623 Lazy River Terrace is a located in the neighborhood of Sanford in Midway, Sanford.
What is the average sales price for listings in 3623 Lazy River Terrace?
The average sales price for units in 3623 Lazy River Terrace is $0 currently.

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