Listing ID: G5049119
Price: $545,000
Status: Active
Address: 142 W Magnolia Street
City: Groveland
State: Florida
Postal Code: 34736
SqFt: 2,508
Acres: 0.360
County: Lake
Subdivision: Groveland
Location, Location, Location. MULTI FAMILY HOME in the fastest growing city in Florida. IMPORTANT - in the New Town Center of Groveland, across from Lake David Park, this multi family home comes with new zoning. This property will allow up to 6 dwelling units. Yes, that is correct, up to 6. In addition, if you decided you might want to use the cottage as an office or perhaps a little shop, the new zoning allows this particular property to be commercial. (Of coarse due diligence is up to the buyer.) Make your appointment today to see this home, as we are sure it won’t last long. This pristine Historic Home is celebrating its 100th Birthday with the City of Groveland. Don’t let her age fool you. From the moment you step foot on the oversized wrap around porch, to the moment you check out the third-floor attic (easily could be converted into a loft) you will be impressed with all in between. The focal point of the home is the brick fireplace located between custom built in shelves and pretty stain glass windows. Original hard wood floors run throughout the home. Plenty of natural light filters through the living room-dining room combo making it a great place for everyone to gather. Situated between the Dining Room and Sun Room is the kitchen, with upgraded stainless-steel appliances and solid surface counter tops. Want a place to escape, cozy up in the Sun Room with a good book, or watch the kiddos romp around with the dog in the huge fenced backyard. With one bedroom located downstairs, have overnight guest, while having your privacy upstairs. Once you climb the beautiful wood stairs what lies in wait down the long hall are large oversized bedrooms. Two of them are equal in size, so you decide which one you would like as the Master. One has exquisite built in shelves with a vanity and a striking brick wall as its focal. The other is painted a soft gray with oversized windows. Bedroom number four will be perfect for the kiddos, all have oversized closets. With such a large family home, we must not forget to mention the downstairs laundry room that is so cheery, you might not even mind spending time there. Currently on sight in addition to the main house, is a 1-bedroom cottage quaint and cozy, with its own privacy fence. Over the garage is an apartment. Both the cottage and garage could be rented out. Located in the community of “Natural Charm” walk to fishing, Wacky Wednesday Water Day, Second Friday Farmers Market, along with many other free fun events.

Primary Features

County: Lake
Property Sub Type: Triplex
Property Type: Residential Income
Subdivision: Groveland
Year Built: 1922
Zoning: R-1A


Additional Rooms: Attic, Family Room, Florida Room, Inside Utility
Building Area Units: Square Feet
Cooling Type: Central Air, Wall/Window Unit(s)
Fireplace: yes
Flooring: Wood
Heating Type: Central, Electric, Wall Units / Window Unit
Interior Features: Built-in Features, Ceiling Fans(s), Crown Molding, High Ceilings, Living Room/Dining Room Combo, Dormitorio Principal Arriba, Solid Surface Counters, Thermostat
Laundry Features: Inside, Laundry Room
Living Area Meters: 233.00
Living Area Source: Public Records
Living Area Units: Square Feet
Unit Count: 1


Additional Water Information: Across the street from Lake David
Attached Garage: no
Carport: yes
Carport Spaces: 2
Construction Materials: Other
Exterior Features: Fence, Lighting, Other
Flood Zone Code: X
Flood Zone Panel: 12069C0565E
Foundation Details: Crawlspace
Garage: yes
Garage Spaces: 1
Lot Size SqFt: 15750
Lot Size Square Meters: 1463
New Construction: no
Number Of Units Total: 6
Patio And Porch Features: Front Porch, Patio
Pool Private: no
Road Surface Type: Asphalt, Paved
Roof: Metal
Sewer: Public Sewer
Total Acreage: 1/4 to less than 1/2
Total Number of Buildings: 3
Utilities: Electricity Connected, Fire Hydrant, Public
Water Access: no
Water Extras Type: Fishing Pier
Water Extras: yes
Water Source: Public
Water View Type: Lake
Water View: yes


Association: no
Country: US
MLS Area Major: 34736 - Groveland
Senior Community: no
Township: 22
Waterfront: no


CDD: no
Homestead: yes
Mls Status: Active
Property Condition: Completed
Property Description: Walk-Up
Public Survey Range: 24
Public Survey Section: 24
SDEO: no


Annual Expenses: 4000
Annual Net Income: 156000.00
Current Price: 545000.00
Disclosures: Lead Paint
Estimated Annual Market Income: 37000.00
Listing Terms: Cash, Conventional, VA Loan
Ownership: Fee Simple
Special Listing Conditions: None
Tax Annual Amount: 4727
Tax Block: 108
Tax Book Number: 2-7
Tax Lot: 1
Tax Year: 2020

Zoning Info

Listing information courtesy of Micki Blackburn Realty.

Listing information ©My Florida Regional MLS DBA Stellar MLS 2021. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. 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 for consumer 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. Data last updated on Sunday, November 28th, 2021 at 03:14:27 AM.

Contact - Listing ID G5049119

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Jon Smith

100 Beach Dr NE, Suite 101
St Petersburg, FL 33701
Phone: 415-200-8584

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