6 months on rocket

503 W Lutz Lake Fern Rd, Lutz, FL, 33548

$1,600,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths, 1 Partial
2,674 SqFt
$598/SqFt
House

Location

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503 W Lutz Lake Fern Rd, Lutz$1,600,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Attached Garage3 spaces
Year Built1981
HeatingElectric, Propane
CoolingCentral Air
WaterfrontLake Front
MLS #U8243721
Lot Size1.75 Acres
StatusActive

About 503 W Lutz Lake Fern Rd

SELLER FINANCING AVAILABLE! NO FLOOD INSURANCE REQUIRED! Truly an opportunity of a lifetime awaits with this extraordinary property, which includes not one, but two expansive lots totaling 3.85 acres on the serene Little Lake Hobbs. Seller willing to sell parcels separately. Steeped in history, this estate has been cherished by one family since 1927. Zoned residential agricultural, this unique property offers unparalleled freedom with no restrictions—bring your RV and store it in the onsite metal RV storage shed, or take advantage of a garage with rear access to easily launch your boat or jet ski directly into the lake. If you’ve dreamed of a lakefront farm, horses are welcome too. This is the last buildable lakefront property in the area, so if you’re a builder or an investor, there is opportunity for you here as well. As you arrive, you'll be greeted by the sight of pecan groves, avocado, banana, cherry, papaya, and mulberry trees, among others, which adorn the landscape. Hidden among lush foliage, you’ll find a three-story lakefront home featuring four bedrooms, three and a half baths, a den, and a four-car garage. With two full kitchens and a versatile floor plan, the possibilities endless! The first floor serves as a self-contained apartment complete with a bedroom, living room, dining room, full kitchen, and washer/dryer hookups. Stepping up to the main floor, you'll be greeted by high ceilings adorned with Canadian cedar beams, exuding charm and character throughout. On the second floor, enjoy a drink from the indoor bar while marveling at the craftsmanship of the gas stone fireplace. French doors lead out to a large patio, offering stunning views of Little Lake Hobbs. Additionally, the property features a separate garage with a lift and half bath, fully plumbed for conversion into a separate dwelling. Experience the luxury of direct lake access to the smaller Lake Hobbs and the privacy it provides, as well as the unique advantage of a deep water canal connection to the larger Lake Hobbs. This allows you to indulge in various water activities such as boating, fishing, and swimming right from your backyard. Imagine waking up to breathtaking sunrises over tranquil waters and ending your days with picturesque sunsets, enjoying the ultimate Florida living experience for generations to come. This unique property is truly something you have to see to believe. Even though you'll feel like you're experiencing country waterfront living at its finest, you're still close to it all. Just down the road is the Oscar Cooler Park, a multi-sport complex featuring soccer fields, football fields, baseball fields, basketball courts, tennis courts, playgrounds, and more. With a short drive to US-41, this prime location ensures an easy commute into Tampa with a 20 minute drive to Tampa International Airport and plenty of shopping and dining options right at your fingertips. Close proximity to Cheval Equestrian Center. Don’t let this opportunity of a lifetime pass you by, schedule your showing today! Per the seller, no water intrusion or damage to the home from hurricanes Helene or Milton Two Parcels U-11-27-18-ZZZ-000000-51840.0 U-12-27-18-0GU-000000-00065.0

Property Details

Property Features

Property Information:

  • Year Built: 1981
  • Stories: 3
  • Living Area: 2,674 SqFt

Listing Office:

  • Office Name: COASTAL PROPERTIES GROUP INTERNATIONAL
  • Office Phone: (727) 493-1555
  • Listing Agent: Mimi DeSetto

Interior Features

Interior Information:

  • Appliances: Oven, Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range Hood, Refrigerator, Trash Compactor, Washer
  • Flooring Type: Carpet, Ceramic Tile
  • Interior: Ceiling Fans(s), Dry Bar, Eat-in Kitchen, High Ceilings, Living Room/Dining Room Combo, PrimaryBedroom Upstairs, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Lake Front
  • Exterior: Balcony, French Doors, Irrigation System

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot Size: 1.75 Acres

Utilities

Utilities Information:

  • Heating: Electric, Propane
  • Cooling: Central Air

Other

Directions Information:

  • Directions: N on Race Track Rd-L on CR 587/CR582- R on Van Dyke -L on 597N-R on W Lutz Lake Fern Rd

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,600,000
  • Price Per SqFt: $598/SqFt

Tax Information:

  • Annual Amount: $2,415
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Lutz, FL.

Med. Sold Price

$500K

Med. Price/SqFt

$244

Avg. Days On Market

64

# of Sold Homes

58

503 W Lutz Lake Fern Rd vs Lutz

182 DAYS ON ROCKET

+118 Days

$1,600,000

+$1.1M More

$598/SqFt

+$354 More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $354/SqFt more than other homes in Lutz, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #U8243721

Listing Office:

  • Office Name: COASTAL PROPERTIES GROUP INTERNATIONAL
  • Office Phone: (727) 493-1555
  • Listing Agent: Mimi DeSetto

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 10:49:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,415$215,065
2018$2,175$196,420
2017$2,074$184,017

History based on county public records data.

Payment Calculator

$8,053

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,863

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-513991
9
/10
  • Schwarzkopf Elementary School

  • 18333 Calusa Trace Blvd

  • 2.58 miles

  • Public District Grades KG-5

school-card-donut-513992
5
/10
  • Lake Myrtle Elementary School

  • 22844 Weeks Blvd

  • 3.43 miles

  • Public District Grades KG-5

school-card-donut-513993
6
/10
  • Denham Oaks Elementary School

  • 1422 Oak Grove Blvd

  • 3.79 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $112,992. Residents of Lutz, FL typically earn between $100k-200k each year. The majority of families are married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 503 W Lutz Lake Fern Rd

What is the listing price of this property?

The listing price of 503 W Lutz Lake Fern Rd property is $1,600,000.

What type of property is this?

The property 503 W Lutz Lake Fern Rd is a house located in Lutz, Florida, 33548.

Is this property for sale now?

Active Listing: 503 W Lutz Lake Fern Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,415 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 503 W Lutz Lake Fern Rd has 4 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 503 W Lutz Lake Fern Rd is 2,674 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 503 W Lutz Lake Fern Rd is 1981.

Rocket HomesFloridaHillsborough CountyLutz33548503 W Lutz Lake Fern Rd

This home is located at 503 W Lutz Lake Fern Rd in Lutz, FL and zip code 33548 in the North Tampa neighborhood. This 2,674 square foot home, which was built in 1981, sits on a 1.75 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 23, 2024 and is currently priced at $1,600,000.

In October 2024 more than 10 listings in Lutz, FL were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 40 were sold below. In October 2024 in Lutz, FL there were 5.6% less homes for sale than in September 2024. In October 2024 median list price was $500,000 and the average listing age was 64 days.

From Rocket Homes Real Estate and based on county public records data.

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