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2361 Bay Lake Loop

2361 Bay Lake Loop, Groveland, FL 34736
Sold Aug 30, 2004
$126,500
$101,200 by Chase Manhattan Mortgage Corp
Mortgage Due Sep 01, 2034
2361 Bay Lake Loop in Groveland, FL was first built in 1930 and is 94 years old. Although, the building on the property was most recently renovated and altered in 2008. 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, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 2361 Bay Lake Loop has 1,476 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 75,395 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a sawtooth style roof made of metal. For those who need parking, there is a carport. The garage is 484 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. 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 wood. 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. 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, 2361 Bay Lake Loop sold most recently in Aug 19, 2004 for a total of $126,500. If you work out the math, that's approximately a cost of $85.70 per sqft. 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 $1,336 in taxes each year. 2361 Bay Lake Loop was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $95,900. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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: 1930
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Shape Type: Sawtooth
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 484
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 75,395
  • Total Building Area: 1,476
  • Gross Building Area: 1,476
  • Building Area: 1,476
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,476
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GROVELAND FARMS
  • Land Acres: 1.731
  • Standard Land Use Code: Single family residential
  • Legal Description 1: GROVELAND FARMS 16-23-24 S 210 FT OF E 210 FT OF W 420 FT OF TRACT 60 & E 240 FT OF S 179 FT OF TRACT 60--LESS S 10 FT FOR RD R/W--PB 2 PGS 10-11 ORB 2647 PG 1955 ORB 2679 PG 573

Ownership

  • Current Owner : WAITE BRADLEY D
  • Current Owner 2: WAITE CHRISTINE M
  • Previous Owner : MYERS PAUL
  • Previous Owner 2: MYERS SHERRY K
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Revocable Trust

Neighborhood

  • School District Name: Lake County School District
  • Census Tract: 031202

Zoning

  • Zoning: A

Geography

  • Assessors Map Reference: 94
  • Account Number: 1438063
  • Subdivision Tract Number: 60
  • Parcel: 01-22-24-2500-060-00000
  • Block: 60
  • Lot: 60
  • Meridian: SEC 1 TWN 22S RNG 24E
  • Municipality: UNINCORPORATED
  • Latitude: 28.4781
  • Longitude: -81.9132

    Address

  • Full Address: 2361 Bay Lake Loop
  • Address - House Number: 2361
  • Address - Street Name: Bay Lake
  • Address - Suffix Type: Loop
  • State: FL
  • City Name: Groveland
  • Carrier Code: R001
  • 4-Digit Zip Code: 9175
  • Zip Code: 34736

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,336
  • Tax Rate Code Area: 4

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 75
  • Final Value: 266,945
  • High Value: 317,008
  • Low Value: 216,882

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $131,200
  • First Open Lien Mortgage Lender: CHASE MANHATTAN MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Aug 30, 2004
  • First Open Lien Mortgage Loan Amount: $101,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2034
  • Second Open Lien Mortgage Lender: FAIRWINDS CU
  • Second Open Lien Mortgage Recording Date: Jun 08, 2011
  • Second Open Lien Mortgage Loan Amount: $30,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Building or Construction Loan

    Market Valuation

  • Market Total Value: $174,996
  • Market Land Value: $94,956
  • Market Improvement Value: $80,040

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $95,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 19, 2004
  • Current Sale Recording Date: Aug 30, 2004
  • Current Sale Transaction ID: 1074695156
  • Current Sale Price: $126,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2004118125

    Last Sale Mortgage

  • First Mortgage Lender: CHASE MANHATTAN MORTGAGE CORP
  • First Mortgage Transaction Date: Aug 30, 2004
  • First Mortgage Loan Amount: $101,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Sep 01, 2034
  • Second Mortgage Loan Amount: $25,300

About Lake



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Frequently Asked Questions

What neighborhood is 2361 Bay Lake Loop located in?
The 2361 Bay Lake Loop is a located in the neighborhood of Groveland-Mascotte in Lake, Groveland.
What is the average sales price for listings in 2361 Bay Lake Loop?
The average sales price for units in 2361 Bay Lake Loop is $0 currently.

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