5231 Lanette St Orlando, FL 32811

3 beds · 1 bath · 996 sq ft · Lot Size: 6,816 sq ft · Single Family Home
Est. Property Value: $241,212

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5231 Lanette St is in the 32811 neighborhood of Orlando, FL. It is located in Orange County and ZIP code 32811. This Single Family Home was built in 1971 and is approximately 54 years old. The single family home spans 996 sq ft with 3 bedrooms and 1 bathroom and sits on a 6816 sq ft lot. According to public records, it was last sold in 2024 for $253,900 and has a tax-assessed value of $168,438, which is $242 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 5231 Lanette St Orlando, FL 32811 with Property Intel by Whitepages.

5231 Lanette St

Orlando, FL 32811

Neighborhood

Owners & Occupancy for 5231 Lanette St

No contact information is available.

Occupancy

Resident 1**************
Resident 2*************** age 93

Property Financials for 5231 Lanette St

5231 Lanette St, Orlando, FL has a mortgage from United Wholesale Mtg (orig. August 12, 2024). The Orange county assessment for 2024 values it at $168,438, with annual taxes of $3,200.

Mortgage & Equity Information

Loan Amount$******
LenderUnited Wholesale Mtg
Origination DateAugust 12, 2024
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date******************
Equity View Equity

Property Tax

Purchase DateAugust 12, 2024
Property Tax Amount$3,200 in 2024
Purchase Price$253,900
Assessed Value$168,438 on 2024

Investment Potential for 5231 Lanette St

The property has a current estimated value of $241,212, which is 12% below the zip median, based on public records. It last sold on August 12, 2024 for $254K. Projected long-term
is $28,800 annually ($2,400 per month) with a 84% occupancy rate.

Discover more Single Family Homes in 32811.

Long-Term

Gross Rental
$28,800 per year($2,400 per month)
Net Operating Income
Cap Rate
Occupancy Rate
84%in 32811 zip code
 
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Property Details for 5231 Lanette St

Property Details

Property Sq Ft

Living Area

996 sq ft

18% below market

Lot Size

6,816 sq ft

1% below market

Price Per Sq Ft

Living Area

$242 / sq ft

6% above market

Lot Size Area

$35 / sq ft

8% below market

Property condition, age, exterior, etc. for 5231 Lanet…
Longitude: -81.449348 Latitude: 28.526197 Parcel Number (APN): 29-22-31-1821-02-780…

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Market Benchmarks

Compare data for 5231 Lanette St in Orange County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$241,212
$349,875
-$108,663 (-31%)
$447,083
-$147,326 (-33%)
YoY Price Change
1.8%
517%
Year Built
1971
1990
-19 years
Living Space
996 sq ft
1,630 sq ft
-634 (-39%)
$ Per Living Sq Ft
$242
$213
$29 (14%)
Lot Size
6,816 sq ft
9,599 sq ft
-2783 (-29%)
$ Per Lot Sq Ft
$35
$38
-$2 (-6%)

Net Operating Income
$19,792
$188 (1%)
Annual Revenue
$28,800
$29,400
-$600 (-2%)
$9,768
-$948 (-10%)
Net Operating Income
$19,792
$188 (1%)
Cap Rate
5.75%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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