Neighborhood
25240 Ironwedge Dr, Sorrento, FL 32776
3 beds · 2 baths · 1,627 sq ft · Lot: 7,200 sq ft · Single Family Home · Last Sold: $230K in 2020 · Built: 2003
Est. Value:
$298K
Est. Rent:
$2.5K/month

25240 Ironwedge Dr Sorrento, FL 32776

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3 beds · 2 baths · 1,627 sq ft · Lot Size: 7,200 sq ft · Single Family Home · Mount Plymouth
Est. Property Value: $297,955

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25240 Ironwedge 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 2003 and is approximately 22 years old. The single family home spans 1627 sq ft with 3 bedrooms and 2 bathrooms and sits on a 7200 sq ft lot. According to public records, it was last sold in 2020 for $229,900 and has a tax-assessed value of $267,460, which is $183 per sq ft. The Mount Plymouth area of Sorrento has 27 residential homes with an average size of 1592 sq ft. Analyze and compare real estate investment strategies for properties like this home at 25240 Ironwedge Dr Sorrento, FL 32776 with Property Intel by Whitepages.

Investment Potential for 25240 Ironwedge Dr

The property has a current estimated value of $297,955, which is 9% below the neighborhood median, based on public records. It last sold on June 22, 2020 for $230K. Projected long-term
is $30,000 annually ($2,500 per month) with a 93% occupancy rate.

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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 25240 Ironwedge Dr

This property is owned by Edward Green. Owner contact information includes 10 phone numbers and 5 email addresses.

Property Owners

Cell Phone(321) ***-****View Cell Phone
Residence************
Landline(706) 793-5034
Distance from Property**********
Email Address*********@aol.comView Email

Property Ownership Information

Purchase DateJune 22, 2020
Property Tax Amount$3,164 in 2024
Purchase Price$229,900

Occupancy

Current Occupancy*****View Occupancy
Resident 1*************** age 28
Resident 2******************* age 52
Resident 3************ age 46

Property Details for 25240 Ironwedge Dr

Property Details

Property Sq Ft

Living Area

1,627 sq ft

2% above market

Lot Size

7,200 sq ft

49% below market

Price Per Sq Ft

Living Area

$183 / sq ft

7% below market

Lot Size Area

$41 / sq ft

82% above market

Property condition, age, exterior, etc. for 25240 Iron…
Longitude: -81.539378 Latitude: 28.790659 Parcel Number (APN): 32-19-28-0605-000-08000…
Mortgage originated on through lender: Wells Fargo Bk Na for$******View Mortgage Details
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Discover more single family homes near 25240 Ironwedge Dr in Sorrento, Florida. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 25240 Ironwedge Dr in Lake County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$297,955
$352,849
-$54,895 (-16%)
YoY Price Change
1.8%
-428%
Year Built
2003
1990
13 years
Living Space
1,627 sq ft
1,630 sq ft
-3 (0%)
$ Per Living Sq Ft
$183
$217
-$34 (-15%)
Lot Size
7,200 sq ft
9,599 sq ft
-2399 (-25%)
$ Per Lot Sq Ft
$41
$40
$1 (3%)

Net Operating Income
$19,987
$660 (3%)
Annual Revenue
$30,000
$29,400
$600 (2%)
$9,588
-$235 (-2%)
Net Operating Income
$19,987
$660 (3%)
Cap Rate
5.67%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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