Fantastic opportunity to own this income-producing duplex, generating over $40,000 annually! Live in one unit and rent out the other, or rent both sides for maximum income. - **Unit 1:** 4 Bedrooms | 2 Bathrooms - **Unit 2:** 3 Bedrooms | 2 Bathrooms -Total income: **$40,000 annually** (one side rented) The seller is open to **providing closing cost assistance** or **buying down your interest rate**, making this a rare opportunity for both investors and homeowners alike. Ideal for house-hackers or investors looking for a stable income stream in a highly desirable location. Don't miss this chance to offset your mortgage while enjoying a spacious home! Minutes away from restaurants, schools, hospitals, downtown Tavares **Schedule a showing today!**
Property Details
Property Features
Property Information:
Year Built: 1977
Living Area: 2,411 SqFt
Listing Office:
Office Name: FLOBELLA REALTY LLC
Office Phone: (321) 347-7383
Listing Agent: Raheem Mohiuddeen
Interior Features
Interior Information:
Interior: Ceiling Fans(s), Living Room/Dining Room Combo, Thermostat, Walk-In Closet(s)
Directions: Take SR-429-TOLL N (Wekiva Pkwy). Go for 4.7 mi. Then 4.7 miles Take exit 39 toward Mount Dora/Leesburg onto SR-453-TOLL N (Wekiva Pkwy). Go for 2.8 mi. Then 2.8 miles Continue toward SR-453. Go for 0.1 mi. Then 0.1 miles Continue on SR-453. Go for 0.5 mi. Then 0.5 miles Take the exit toward Tavares/Eustis onto SR-46 W (State Road 46). Go for 2.2 mi. Then 2.2 miles Take ramp onto US Highway 441 (US-441 N) toward Eustis/Tavares. Go for 8.3 mi. Then 8.3 miles Turn left onto N Sinclair Ave. Go for 0.2 mi. Then 0.2 miles 615 N Sinclair Ave Tavares, FL 32778-2620
Price Information
Listing Price Info
Price Summary:
List Price: $699,000
Price Per SqFt: $290/SqFt
Tax Information:
Annual Amount: $3,572
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Tavares, FL.
This property is $381.5K more than the Median Sold Price and $97/SqFt more than other homes in Tavares, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #O6243728
Listing Office:
Office Name: FLOBELLA REALTY LLC
Office Phone: (321) 347-7383
Listing Agent: Raheem Mohiuddeen
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.
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: 12/4/2024, 1:19:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 04, 2019
Nov 04, 2019Home Sold
$200,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$3,572
$170,668
2019
$1,056
$133,373
2018
$972
$130,887
2017
$928
$128,195
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,556
Per Month
Principal & Interest
$3,489
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,162
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Tavares Elementary School
720 E Clifford St
Distance between this listing and this school0.69 miles
Public District Grades PK-5
2
/10
Triangle Elementary School
1707 Eudora Rd
Distance between this listing and this school3.37 miles
Public District Grades PK-5
3
/10
Eustis Heights Elementary School
310 W Taylor Ave
Distance between this listing and this school3.38 miles
Public District Grades PK-5
Nearby Schools
7
/10
Pinecrest Academy Tavares
2550 Huffstetler Dr
Distance between this listing and this school1.95 miles
Public Charter Grades KG-8
3
/10
Tavares Middle School
1335 Lane Park Cutoff Ofc
Distance between this listing and this school2.63 miles
Public District Grades 6-8
3
/10
Mount Dora Middle School
1405 Lincoln Ave
Distance between this listing and this school6.04 miles
Public District Grades 6-8
Nearby Schools
4
/10
Tavares High School
603 N New Hampshire Ave
Distance between this listing and this school0.17 miles
Public District Grades 9-12
5
/10
Lake Virtual Franchise
200 W Golf Links Ave
Distance between this listing and this school3.25 miles
Public District Grades KG-12
4
/10
Eustis High School
1300 Washington Ave
Distance between this listing and this school4.49 miles
The neighbors living near this home have an average income of $36,688. The most common annual income of people living in Tavares, FL is less than $35k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
This home is located at 615 N Sinclair Ave in Tavares, FL and zip code 32778. This 2,411 square foot home, which was built in 1977, sits on a 0.32 acre lot. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $699,000.
While more than 0 listings in Tavares, FL in November 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 14 were sold below. The inventory of homes for sale in Tavares, FL between October 2024 and November 2024 increased by 3.2%. The median list price of listings available in November 2024 was $317,500, while the average time on the real estate market was 65 days.
From Rocket Homes Real Estate and based on county public records data.