31618 Elkridge Dr Sorrento, FL 32776

3 beds · 2 baths · 1,582 sq ft · Lot Size: 10,875 sq ft · Single Family Home · Mount Plymouth
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31618 Elkridge Dr is in the Mount Plymouth neighborhood of Sorrento, FL. It is located in Lake County and ZIP code 32776. This Single Family Home was built in 2022 and is approximately 3 years old. The single family home spans 1582 sq ft with 3 bedrooms and 2 bathrooms and sits on a 10875 sq ft lot. According to public records, it was last sold in 2021 for $30,000. The Mount Plymouth area of Sorrento has 1076 residential homes. Analyze and compare real estate investment strategies for properties like this home at 31618 Elkridge Dr Sorrento, FL 32776 with Property Intel by Whitepages.

Investment Potential for 31618 Elkridge Dr

The property has a current estimated value of $255,549, which is 23% below the neighborhood median, based on public records. It last sold on December 30, 2021 for $30K. Projected long-term
is $30,000 annually ($2,500 per month) with a 93% occupancy rate.

Long-Term

Gross Rental
$30,000 per year($2,500 per month)
Net Operating Income
Cap Rate
Occupancy Rate
93%in 32776 zip code
 
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Owners & Occupancy for 31618 Elkridge Dr

No contact information is available.

Occupancy

Current Occupancy******View Occupancy

Property Details for 31618 Elkridge Dr

Property Details

Property Sq Ft

Living Area

1,582 sq ft

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Lot Size

10,875 sq ft

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Price Per Sq Ft

Living Area

$162 / sq ft

Compare to Mount Plymouth

Lot Size Area

$23 / sq ft

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Property condition, age, exterior, etc. for 31618 Elkr…
Longitude: -81.528497 Latitude: 28.80968 Parcel Number (APN): 28-19-28-0100-005-06100…
Mortgage originated on through lender: UNKNOWN for$******View Mortgage Details
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Market Benchmarks

Compare data for 31618 Elkridge Dr in Lake County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$255,549
$354,591
-$99,042 (-28%)
$485,305
-$185,541 (-38%)
YoY Price Change
1.8%
255%
Year Built
2022
1990
32 years
Living Space
1,582 sq ft
1,628 sq ft
-46 (-3%)
$ Per Living Sq Ft
$162
$218
-$56 (-26%)
Lot Size
10,875 sq ft
9,610 sq ft
1265 (13%)
$ Per Lot Sq Ft
$23
$40
-$16 (-41%)

Net Operating Income
$20,263
-$30 (0%)
Annual Revenue
$30,000
$29,400
$600 (2%)
$9,176
$591 (6%)
Net Operating Income
$20,263
-$30 (0%)
Cap Rate
5.87%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians