16123 3RD STREET at

16123 3RD STREET

$89,900

$10,000
Price Decreased

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Overview

0.16 acres

Property Description

Background: This property is located in a quiet neighborhood of the Dona Vista section of Umatilla, 1 mile north of the city of Eustis, with easy access to the dining and shopping areas of Tavares, Eustis and Mount Dora. Approximately 1 hour north of Orlando, Florida. The property was purchased in March of 2025. Since then 3 owner trips totaling 36 days of work has accomplished property cleanup with 4 dumpsters totaling 65 cubic yards of termite damaged roof, removal of 12 feet of rear walls, and other building materials destroyed primarily by termites, plus trash and neglect from being unoccupied for the last 15 years. What is there now: . land with no HOA, 70 by 100 foot buildable lot; . 24 feet by 15 feet, 2-room building,still shedding water with the original roof, double-walled interior, temporary wall to prevent weather damage across the rear of the structure; . 100 amp 12 circuit Square D main electrical panel, 30 amp motorhome receptacle plus minimal wall outlets; external disconnects for main panel and well pump . plumbing: no supply lines or fixtures; new toilet flange for half-bath off bedroom; drain pipe for original toilet 6 feet behind building . no air conditioning or heating; . pressure-treated floor joists and plywood floor; . working septic system (Schedule 40 PVC) drain pipe with clean out behind building alongside driveway; . reconditioned well with new pump and new pressure tank (delivering clear, no-smells water); . 12 x 16 shed with minimal termite damage; . both structures termite treated and under warranty for both dry-wood and subterranean termites Possibilities: 1. replace the back 12 ft of the house with footings, framed walls, wood joists and floor, trussed new roof, new plumbing, new wiring, finished siding, and have a basically new house saving the original front 2 rooms. This would bring the house back up to the 680 square foot house the Lake County tax appraiser thinks is there now. Current owners have kept the original building to take advantage of the existing electrical connection and additional living floor space. Remove the rest of the old house, and replace it with a new build, or a new single-wide or double-wide mobile home, and connect it to the existing septic, well and electric. Install a motor home or travel trailer, taking advantage of the existing utilities. This could be done immediately as a temporary solution while completing possibility 1 or 2 as outlined above. Leave things as they are, and use this property as a full functioning destination for motorhome or travel trailer trips, such as over the winter from a northern home

Property Details

MLS#

G5102720

Address

16123 3RD

City

UMATILLA

State/county

Zip/Postal Code

32784

Area

Eustis Park Sub

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$1,205

Maint Fee

$--

Tax Year

2024

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