1699 US Highway 441, Leesburg, FL 34748
SOLDMAR 14, 2024

1699 US Highway 441
Leesburg, FL 34748

  • 6 Beds
  • 4 Baths
  • 3,388 sqft (on 0.49 acres)
  • 6 Beds
  • 4 Baths
  • 3,388 sqft (on 0.49 acres)

$1,389,375

Last Sold: Mar 14, 2024
7% below list $1.5M
$410/sqft
Est. Refi. Payment $8,207/mo*
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Homes for Sale Near 1699 US Highway 441

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Local Information

map showing home location
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Description

This property is no longer available to rent or to buy. This description is from March 14, 2024
This owner operated portion of the property includes a Laundromat, Quadplex situated on one parcel located on the Northeast Corner of US Highway 441 (Main St.) and Michigan Avenue. The quadplex is fully leased and provides for a considerable amount of upside potential given that the current lease rates are slightly below market. The business operation of the Laundromat represents a very lucrative investment. The quadraplex & laundromat yields nearly $200k per year in gross revenues. These income producing assets generate a return over 9% based on the current list price of $1,650,000. It must be noted that this return also incorporates a labor expense of nearly $30k if a new owner prefers to hire an employee to manage the property. As such, if owner operated, the return on the investment would increase to nearly 11.0%. In addition to the substantial return this property will provide, the underlying land is also a major part of this investment that should not be overlooked. The adjacent property, 314 Michigan Ave, is also included with this sale. This property is a 2/2 and 1,141 sqft. This entire site at nearly 0.5 acres is located along one of the area’s major commercial thoroughfares. As the growth from the Villages and those areas surrounding the downtown Leesburg market area continue to expand, this market is primed for a redevelopment with numerous national retailers and uses that will continue to drive up land values.

Home Highlights

Parking
1 Car Garage
Outdoor
No Info
View
No Info
HOA
None
Price/Sqft
$410/sqft
Listed
180+ days ago

Home Details for 1699 US Highway 441

Interior Features

Beds & Baths
Number of Bedrooms: 6Number of Bathrooms: 4
Dimensions and Layout
Living Area: 3388 Square Feet
Appliances & Utilities
Utilities: Cable Available, Electricity Available, Water AvailableAppliances: Microwave, Range, RefrigeratorMicrowaveRefrigerator
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central Air, Wall/Window Unit(s)Has HeatingHeating Fuel: Central
Fireplace & Spa
No Fireplace
Windows, Doors, Floors & Walls
Flooring: Ceramic Tile
Levels, Entrance, & Accessibility
Floors: Ceramic Tile
View
No View

Exterior Features

Exterior Home Features
Roof: ShingleExterior: SidewalkFoundation: SlabNo Private Pool
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1Other Parking: Garage Dimensions: 00x00No CarportHas a GarageHas an Attached GarageParking Spaces: 1Parking: Garage Attached
Frontage
Road Frontage: Street PavedRoad Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1980
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Quadruplex, Multi Family
Building
Construction Materials: Block, Brick, StuccoNot a New Construction
Property Information
Parcel Number: 301925050000D001

Price & Status

Price
List Price: $1,500,000Price Per Sqft: $410/sqft

Active Status

MLS Status: Sold

Media

See Virtual Tour

Location

Direction & Address
City: LeesburgCommunity: Mount Vernon

Building

Building Area
Building Area: 3388 Square Feet

Community

Community Features: SidewalksNot Senior Community

HOA

Association for this Listing: Sarasota - ManateeNo HOA

Lot Information

Lot Area: 0.49 acres

Listing Info

Special Conditions: None

Offer

Listing Terms: Cash, Conventional, Private Financing Available

Compensation

Buyer Agency Commission: 2.5Buyer Agency Commission Type: %Transaction Broker Commission: 1%Transaction Broker Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: O6118736Attic: Solid Surface Counters

Additional Information

Sidewalks
Last check for updates: about 23 hours ago
Listed by Jason Asa, (407) 337-7702
EXP REALTY LLC, (888) 883-8509
Jasmin Pukke, (561) 430-9915
EXP REALTY LLC, (888) 883-8509
Bought with: Scott Coldwell, (352) 209-0000, COLDWELL REALTY SOLD GUARANTEE, (352) 209-0000
Originating MLS: Sarasota - Manatee
Source: Stellar MLS / MFRMLS, MLS#O6118736
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511

Price History for 1699 US Highway 441

DatePriceEventSource
03/14/2024$1,389,375Sold
Stellar MLS / MFRMLS #O6118736
01/22/2024$1,500,000PendingStellar MLS / MFRMLS #O6118736
08/31/2023$1,500,000PriceChange
Stellar MLS / MFRMLS #O6118736
08/07/2023$1,650,000PendingToActiveStellar MLS / MFRMLS #O6118736
06/29/2023$1,650,000PendingStellar MLS / MFRMLS #O6118736
06/20/2023$1,650,000Listed For SaleStellar MLS / MFRMLS #O6118736
11/16/2006$940,000Sold
N/A
07/29/2003$153,000Sold
N/A

Property Taxes and Assessment

Year2023
Tax$6,420
Assessment$373,710
Home facts updated by county records

Comparable Sales for 1699 US Highway 441

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1619 3rd St, Leesburg, FL
0.13
Multi-Family Home
$305,000
06/27/23
6
4
2,246
208 Fernwood St, Leesburg, FL
0.35
Multi-Family Home
$340,000
06/23/23
4
4
933
2617 Icabod Ct, Leesburg, FL
1.02
Multi-Family Home
$337,500
05/31/23
4
4
2,028
900 Kolb St, Leesburg, FL
1.91
Multi-Family Home
$421,000
08/29/23
7
6
2,418
906-908 Newman Dr #909, Leesburg, FL
2.09
Multi-Family Home
$600,000
05/02/23
11
6
5,610
325 S 2nd St, Leesburg, FL
1.77
Multi-Family Home
$376,000
05/12/23
2
2
2,186
904 Sumter St #906-908-910, Leesburg, FL
2.03
Multi-Family Home
$550,000
10/31/23
10
8
6,148
822 S Lone Oak Dr, Leesburg, FL
3.20
Multi-Family Home
$500,000
07/12/23
8
4
3,600

Assigned Schools

These are the assigned schools for 1699 US Highway 441.
GreatSchools ratings are based on test scores and additional metrics when available.
Check with the applicable school district prior to making a decision based on these schools. Learn more.

What Locals Say about Leesburg

  • Jessie M.
    "There are many walking trails, both paved and unpaved, that are well kept and spacey. Lots of friendly neighbors that wave and chat if you pass them while out walking. "
    24
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  • Measpeedracer80
    "Bike fest and is close the the village’s but is a slight drive where you are not right in the mix of the villages. The city does need some cleaning up but is not too bad. "
    0
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  • Brian W.
    "There are a plethora of homeless people in bikes throughout the day and night. It’s quite insane, it can be a bit uncomfortable."
    0
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  • Singleton1909
    "yes I can easily commute just no public transportation on the weekend so you need a car regardless The area I'm in now is beautiful.Everyone is neighbourly. There is good fun in the area also, days and nights "
    17
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  • Shannon S.
    "large city, farmers markets, parks, art festivals, mall, plenty of stores, many diffrent communities. "
    0
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  • Ashley H.
    "The neighbors are rude except for the ones who live to my left with 2 dogs every one else very nosey and talk about everyone "
    0
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  • Nixcyortiz
    "Many families living here for the past 14 years. Family oriented. Great neighbors. We have law enforcement and first responders who live here. Pool ad park. Close to restaurants, fast food, grocery stores, gas, Baptist church, 7 miles from turnpike, 35 min to parks, and 45 min to Orlando International airport."
    0
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  • Jchris5349
    "I love Leesburg this place Is incredible, moving in great direction. Great place to raise your family , friendly and safe ."
    0
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  • Michelle K.
    "Police patrol several times throughout the evening and late at night as well. I walk my dog by myself and feel perfectly safe strolling my Sheba around the block at midnight by myself ❤️"
    24
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  • Amy Q.
    "We celebrated Halloween throughout the neighborhood every year and each houses have their own design or theme each year followed by trick or threats . Then after Thanksgivings each houses have their own Christmas decorations outside that give colors and meaning for the holidays."
    0
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  • Tiffany M.
    "This area is a very family friendly neighborhood and is well lit at night for walking with your dogs or kids. "
    0
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  • Tabatha S.
    "This area is 50/50 when it comes to safety. Depends on where you live and what you can afford. Just keep in mind that no matter what city you are in, you must always keep an eye on your children."
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  • Twmoreton70
    "new part of town for us but difference between owning and renting. Folks are nice. Cons detox and mental health place across the street."
    0
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  • Gerald S.
    "Everything is close by if I need anything groceries or gas and work is only 5 minute commute. Parks everywhere for my kids. "
    0
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  • Wynn0037
    "Neighborhood I live in is it all right community you can easily catch the city bus right down the road Shopping plaza and lots of fast food restaurants in the area"
    0
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  • Krysten1993
    "Safe, quite, I’ve lived here for 4years and the neighborhood I’m in makes me feel safe for me and my children to live, the only thing is I refuse to take my kids to any leesburg school, to much crime and violence "
    0
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  • MLatford
    "Dogs are welcome an there are several open areas fir them at Royal Highlands. There is also a group that takes there dogs out for a group playdate."
    0
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  • Crazy7
    "venetians park annual fireworks display and their Easter egg hunt. Bikefest is always a favorite. and the yearly Mardi Gras and Christmas parade on Main Street."
    9
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  • Twmoreton70
    "it's a 55+ neighborhood next to a school. Most of the homes are mid century block ranches. Someone is high balling a flipped home."
    0
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  • Twmoreton70
    "We had a huge Christmas light display. Very quiet here. The dock is a great place to watch the sunrise or unwind after a hard days work."
    0
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  • Amy D.
    "Dog owners aren’t responsible with their pets. The parks in the area also aren’t well suited for my service dogs, people bring unfriendly and unleashed dogs wherever they’d like."
    0
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  • Twmoreton70
    "We live in Leesburg's oldest senior community. We had a Christmas light show here it is missed. There is a school a few blocks away. "
    0
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  • Rstees.apparell
    "they have a lot of things going on in town for kids and adults and one of the best bikefest in the United States"
    0
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  • Les Geller
    "I've lived here for 3 years very nice neighborhood. Owners keep up their homes. Safe area day, or night."
    0
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  • Elyse
    "Commute to area shopping and restaurants and entertainment is fairly close. Public transportation is also available. "
    0
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  • Twmoreton70
    "Christmas Tree Lane is missed we have bingo and picnics and social events throughout the year There is always something going on."
    1
    Flag
  • June B.
    "My neighborhood is close to everything. We have large lots here that give us privacy. We are county not city so we pay less taxes. There is public transportation close by. "
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  • Tina L.
    "We have lived here since 2006. It is a nice and quiet neighborhood. We have had no major problems. "
    3
    Flag
  • Twmoreton70
    "I live in a 55+ neighborhood. It is on lake Griffin our neighbors made us feel very welcome and part of the community."
    0
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  • Victoria L.
    "I only know a couple of my neighbors by name. There are a lot of kids but the parents don't really talk with each other. Not like when I was a kid. No neighborhood events where I live."
    10
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  • Patty A. D.
    "When walking my dog we see lots of friendly people and our dogs interact with each other. Love that!"
    1
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  • Nixcyortiz
    "Relaxed, great people, great family living, caring and watchful neighbors, many events downtown for all ages and different community events.."
    0
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  • Annedipple
    "Wonderful neighborhood. We have lived here for a few months and love it. The neighbor’s are great and we feel safe. "
    1
    Flag
  • Crazy4pink
    "Lots of families with kids. Quiet respectful neighbors. Yards kept neat and clean. Stayed safe during hurricane last year"
    1
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  • Tyrone K.
    "I just move here living with family and its nice and quite and you can take a walk and school are near. grocery stores are close neighbor is safe for kids"
    0
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  • Tina S.
    "I have live here for 13 years and I love it.. I know alot of people.. I know where I can go and where not to go...but overall I love it "
    4
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  • Kaknie
    "I’ve lived in Leesburg for the past 12 years. It’s a wonderful community and quite peaceful. We couldn’t ask for better neighbors."
    7
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Homes for Rent Near 1699 US Highway 441

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Off Market Homes Near 1699 US Highway 441

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1699 US Highway 441, Leesburg, FL 34748 is a 6 bedroom, 4 bathroom, 3,388 sqft multi-family built in 1980. This property is not currently available for sale. 1699 US Highway 441 was last sold on Mar 14, 2024 for $1,389,375 (7% lower than the asking price of $1,500,000). The current Trulia Estimate for 1699 US Highway 441 is $1,398,800.