Prime Investment Opportunity: Build 12 Apartments on this Fully-Entitled, Shovel ready - WITH DEVELOPMENT PLANS READY- Vacant Lot. *A Full Set of Architecturals would be at an additional cost. **Elevations available to view for serious inquiries. This vacant lot, strategically positioned in a rapidly growing area, presents a golden chance for investors and developers alike. Seize the moment to construct 12 modern apartments, tapping into the escalating demand for quality housing. Key Features: *Strategic Location: Nestled in a thriving and dynamic neighborhood, this lot is situated in close proximity to major amenities, commercial hubs, and transportation networks. Take advantage of the area's growth and be part of a community on the rise. *Development Potential: Zoned for residential development, this lot provides the canvas for a 12 unit apartment complex. Unlock the potential for a profitable return on investment by meeting the rising demand for housing in this burgeoning locale. *Investment Advantage: Capitalize on the increasing demand for quality living spaces in the vicinity. *Convenient Access: Enjoy the convenience of easy access to major roads, public transportation, and essential services. Enhance the desirability of your future apartments with the allure of a well-connected and accessible location. *Nearby Amenities: Benefit from close proximity to shopping centers, educational institutions, recreational facilities, and dining options. Your future tenants will appreciate the convenience of a vibrant and well-serviced neighborhood. *Investor's Dream: Whether you're an experienced developer or a savvy investor, this vacant lot offers an unparalleled opportunity to capitalize on the growth potential of the area. Don't miss out on this chance! Act now and turn this blank canvas into a profitable venture!
This property is $53.6K more than the Median Sold Price in Eustis, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #O6230070
Listing Office:
Office Name: SIM REI
Office Phone: (352) 508-5870
Listing Agent: Wesley Owen
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: 11/17/2024, 11:19:49 AM 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
Jun 19, 2020
Jun 19, 2020Home Sold
$1,400,000
Apr 06, 2016
Apr 06, 2016Home Sold
$525,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$2,502
$117,190
2019
$2,498
$115,371
2018
$2,279
$106,659
2017
$2,287
$106,659
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.
$2,039
Per Month
Principal & Interest
$1,972
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
$1,251
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
3
/10
Eustis Heights Elementary School
310 W Taylor Ave
Distance between this listing and this school0.79 miles
Public District Grades PK-5
2
/10
Triangle Elementary School
1707 Eudora Rd
Distance between this listing and this school1.58 miles
Public District Grades PK-5
3
/10
Eustis Elementary School
714 E Citrus Ave
Distance between this listing and this school1.83 miles
Public District Grades PK-5
Nearby Schools
7
/10
Pinecrest Academy Tavares
2550 Huffstetler Dr
Distance between this listing and this school0.79 miles
Public Charter Grades KG-8
1
/10
Alee Academy
1705 E County Road 44
Distance between this listing and this school3.58 miles
Public Charter Grades KG-8
3
/10
Eustis Middle School
18725 Bates Ave
Distance between this listing and this school3.59 miles
Public District Grades 6-8
Nearby Schools
5
/10
Lake Virtual Franchise
200 W Golf Links Ave
Distance between this listing and this school0.60 miles
Public District Grades KG-12
4
/10
Eustis High School
1300 Washington Ave
Distance between this listing and this school1.82 miles
Public District Grades 9-12
4
/10
Tavares High School
603 N New Hampshire Ave
Distance between this listing and this school2.61 miles
The neighbors living near this home have an average income of $27,892. Most Eustis, FL residents have annual incomes less than $35k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 700 Mount Homer Rd
What is the listing price of this property?
The listing price of 700 Mount Homer Rd property is $395,000.
What type of property is this?
The property 700 Mount Homer Rd is land located in Eustis, Florida, 32726.
Is this property for sale now?
Active Listing: 700 Mount Homer 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 $2,502 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 19, 2020 for $1,400,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 700 Mount Homer Rd in Eustis, FL and zip code 32726. This home sits on a 1.00 acre lot. It has been listed on Rocket Homes since August 06, 2024 and is currently priced at $395,000.
Over 7 listings were sold over their listed price in October 2024 in Eustis, FL. In the same period over 18 listings were sold below the listed price and 4 listings were sold for the listed price. The inventory of homes for sale in Eustis, FL between September 2024 and October 2024 decreased by 10.8%. Listings spent 40 days on the market in October 2024, and had a median list price of $341,333 during the same period.
From Rocket Homes Real Estate and based on county public records data.