$1,550,000
$1,499,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
6,000 SqFt
SOLD DATE : 08/09/2022
Key Details
Sold Price $1,550,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $258
Subdivision Sanford Town Of
MLS Listing ID A4528831
Sold Date 08/09/22
Construction Status No Contingency
HOA Y/N No
Originating Board Stellar MLS
Year Built 1935
Annual Tax Amount $3,167
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 50 x117 and 57 x 117
Property Description
Park Place Inn and Cottages is a unique property and Inn concept developed and built over a period of 32 years of hard work and labour of love.
Located in Sanford Historic District and once known as the classic European Rose Cottage Tea Room, it is only a few blocks from the downtown shops and restaurants, Lake and Marina. Park Place Inn has gain its extraordinary reputation as being the most charming market place in Sanford for its quality of service, mature landscaping, romantic outdoor sitting, the wisteria arbors, and the quaintness of it all. Nestle at the corner of Park Avenue with 13th Street the property spreads out on 2 parcels: 1301 and 1307 South Park Avenue, with its own private parking for 12 cars, easy handicap access to all the downstairs areas and very nice interior courtyards and Pergolas. A very well established vacation rental rated 4.5 stars by Booking.com the compound offers 10 beds total in three 2 stories buildings: First cottage we call Historic Craftsman Cottage has 4 beds (2 en suite Masters and 2 other bedroomS), and 3 and half baths. Second cottage we call Live Oak which offers 3 units: Chefs Suite was built in 2018 from the ground up and is a 1 bedroom apartment with an open floor plan, travertine, subzero refrigerator, glass door pantry, hood, gas, granite, fireplace, washer and dryer and a beautiful kitchen. Coastal cottage is a 2 bedroom 1 bath apartment located on the second floor and having access to the balcony, a very nice living room and kitchenette and a separate downstairs laundry room that serves as the housekeeping for the entire Inn. The Chic Studio is downstairs, a generous 600 + studio with a king size bed, kitchenette and a seamless handicap access shower built in 2019. The 3rd building we call Ivy Cottage is sort of a duplex. Upstairs is a soaring ceiling 2 bedroom, one bath with a generous living room and kitchen, washer and dryer. Downstairs is a restaurant space with a commercial kitchen and a hood ventilating system and a very beautiful dining room with double French windows built in and two half baths, grease trap and all. There is a walk in cooler however all of the restaurant equipment belongs to the tenant who is moving at the end of April. Equipment is available for a separate purchase. The space could be leased before the property sell for $4000/moth NNN lease.
Location
State FL
County Seminole
Community Sanford Town Of
Zoning RC1
Rooms
Other Rooms Bonus Room, Breakfast Room Separate, Den/Library/Office, Family Room, Florida Room, Formal Dining Room Separate, Great Room, Interior In-Law Suite
Interior
Interior Features Attic Fan, Cathedral Ceiling(s), Ceiling Fans(s), Coffered Ceiling(s), Crown Molding, Dry Bar, Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Master Bedroom Main Floor, Master Bedroom Upstairs, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
Heating Central
Cooling Central Air, Mini-Split Unit(s)
Flooring Brick, Ceramic Tile, Concrete, Travertine, Wood
Fireplaces Type Electric, Gas, Living Room, Other, Non Wood Burning, Wood Burning
Furnishings Furnished
Fireplace true
Appliance Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Gas Water Heater, Microwave, Other, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer
Laundry Inside, Laundry Closet, Laundry Room
Exterior
Exterior Feature Balcony, Fence, French Doors, Irrigation System, Lighting, Other, Outdoor Grill, Outdoor Kitchen, Rain Gutters, Sidewalk
Parking Features Assigned, Driveway, Guest, Off Street
Utilities Available Cable Connected, Electricity Connected, Fire Hydrant, Natural Gas Connected, Public, Sewer Connected, Sprinkler Meter, Sprinkler Recycled, Street Lights, Underground Utilities, Water - Multiple Meters, Water Connected
View City
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description Corner Lot, City Limits, Near Marina, Near Public Transit, Sidewalk, Paved
Foundation Crawlspace, Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block, Stucco, Wood Frame, Wood Siding
New Construction false
Construction Status No Contingency
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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