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Wade M. Berlin

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Broker IDX Sites Inc.
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Property Photos
2922 Rustwood Lane
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PRICED AT ONLY: $359,900

Address: 2922 Rustwood Lane, EUSTIS, FL 32726

Description

investor special motivated seller massive opportunity on over an acre appraised at $580k, priced at $368k!! This is a true investors dream and one of the most unique opportunities youll ever find in the eustis and greater orlando market. The seller is highly motivated and ready for a quick sale. Priced at $399,900, this property was appraised as is at $580,000 in august 2022 (appraisal attached on mls), and the condition remains virtually unchanged offering instant equity and major upside potential! Sitting on a quiet cul de sac and surrounded by nature and nearby lakes, this 5 bedroom, 4 bathroom, oversized home spans more than 4,500 sq ft of living space on over an acre of land making it one of the largest homes in the area. Every other active listing nearby is much smaller and priced nearly double. This home is truly in a league of its own. Inside, youll find solid bones and endless potential. Yes it needs a full cosmetic rehab (needs a new roof, drywall work, and one a/c unit will need replacement), but youre working with a large, well built structure that can easily be brought back to life. The property includes two separate garages plus a carport, providing at least 7 covered parking spaces in total, not including the massive driveway. It even features a steam room that just needs to be reconnected. Much of the home is still frozen in the 1980s, though some areas have been lightly updated and remain functional. With no hoa and no restrictions whatsoever, your options are wide open whether its a luxury flip, long term rental, short term airbnb, or even a customized dream home. After a thoughtful renovation, this property could potentially push into the seven figure range based on its size, layout, and land. Dont miss this one opportunities like this are extremely rare! The seller is motivated and selling well below market value for a fast, smooth closing.
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  • MLS#: TB8437456 ( Residential )
  • Street Address: 2922 Rustwood Lane
  • Viewed: 31
  • Price: $359,900
  • Price sqft: $48
  • Waterfront: No
  • Year Built: 1982
  • Bldg sqft: 7447
  • Bedrooms: 5
  • Total Baths: 4
  • Full Baths: 4
  • Garage / Parking Spaces: 7
  • Days On Market: 17
  • Acreage: 1.06 acres
  • Additional Information
  • Geolocation: 28.8849 / -81.6761
  • County: LAKE
  • City: EUSTIS
  • Zipcode: 32726
  • Subdivision: Eustis Rustwood
  • Provided by: RICHARD PETERS REALTY LLC
  • Contact: Ronald Ryder
  • 352-448-9712
  • mfrmls
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Other
  • Flooring: Carpet, Ceramic Tile, Wood
  • Living Area: 4563.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 7.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Utilities: Other
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Other
  • Country: US
  • Interior Features: Other
  • Legal Description: EUSTIS RUSTWOOD LOT 7 BEG AT NE COR OF LOT 8 RUN W ALONG N LINE TO NW COR S ALONG W LINE 18 FT N 87-55-04 E 180 FT TO E LINE OF LOT 8 N ALONG E LINE TO POB PB 24 PG 43 ORB 4710 PG 1430
  • Levels: Two
  • Area Major: 32726 - Eustis
  • Occupant Type: Owner
  • Parcel Number: 35-18-26-0030-000-00700
  • Possession: Negotiable
  • Views: 31
  • Zoning Code: SR

Contact Info

  1. Broker IDX Sites Inc.
  2. We are the World
  3. 750.420.3943
  4. Toll Free: 005578193
  5. support@brokeridxsites.com
Wade M. Berlin