NOT LISTED FOR SALE

1030 S Prospect Terrace Inverness, FL 34453

2 Beds
1 Bath
7,478 Sq Ft
1.48 Acres

Last Sold April 29, 2021

Last sale price $525,000 $70 Per Sq Ft

40 Days on Market

Highlights

  • 1.48 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • No HOA
  • Landscaped with Trees
  • Wood Siding

About This Home

As of April 2021

Great opportunity to acquire a well-maintained Mobile Home Community, the property consist of 11 units that include 1 duplex and 9 mobile homes sit on 1.5 acres - General Neighborhood Commercial (GNC) Zoning.
The property is located less than three miles from Downtown Inverness allows quick access to a number of amenities and activities. The owner has made significant capital improvements. All units have been renovated in the last 5 years.
All units have their own electric meter. Tenants pay for their own electricity. The community is on private septic and well. These Mobile Home Residences provide immediate cash flow value.

Last Agent to Sell the Property

Thao Le

Century 21 J.W.Morton R.E. License #3390499 Listed on: 02/18/2021

Century 21 J.W.Morton R.E.

Co-Listed By

Ruth Frederick

Century 21 J.W.Morton R.E. License #460683

Last Buyer's Agent

Thao Le

Century 21 J.W.Morton R.E. License #3390499 Listed on: 02/18/2021

Century 21 J.W.Morton R.E.

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $5,185

Year Built

  • Built in 1960

Lot Details

  • 1.48 Acre Lot
  • Property fronts a county road
  • Landscaped with Trees
  • Additional Parcels

Home Design

  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Metal Roof
  • Wood Siding
  • Modular or Manufactured Materials
  • Concrete Block And Stucco Construction

Interior Spaces

  • 7,478 Sq Ft Home
  • 1-Story Property
  • Electric Cooktop

Flooring

  • Carpet
  • Laminate

Parking

  • Unpaved Driveway
  • Unpaved Parking

Schools

  • Hernando Elementary School
  • Inverness Middle School
  • Citrus High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Well
  • Septic Tank

Community Details

Overview

  • No Home Owners Association
  • 11 Units

Building Details

  • Operating Expense $18,713
  • Gross Income $78,360
  • Net Operating Income $59,647

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$5,185

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Architectural Style: One Story
  • CapRate: 0.11
  • Co List Office Mls Id: 0470
  • Co List Office Phone: (352) 726-6668
  • Directions: From Hwy 44, West onto S Prospect Terrace.
  • Unit Levels: One
  • Lot Size Acres: 1.48
  • Property Sub Type: Manufactured Home
  • Property Sub Type Additional: Manufactured Home,Duplex
  • Prop. Type: Residential Income
  • Road Frontage Type: County Road
  • Building Stories: 1
  • Subdivision Name: Not on List
  • Year Built: 1960
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Cooktop
  • Flooring: Carpet, Laminate
  • Living Area: 7478.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Block, Concrete, Manufactured, Wood Siding
  • Exterior Features: Unpaved Driveway
  • Foundation Details: Block
  • Lot Features: Acreage, Multiple lots, Trees
  • Pool Features: None
  • Roof: Asphalt, Metal, Shingle
  • Waterfront: No

Garage/Parking

  • Parking Features: Driveway, Unpaved

Utilities

  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Hernando Elementary
  • High School: Citrus High
  • Middle Or Junior School: Inverness Middle

Lot Info

  • Additional Parcels Description: 1669693, 1669731
  • Additional Parcels: Yes
  • Lot Size Sq Ft: 64267.0
  • Zoning: GNC
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 78360.0
  • Property Net Operating Income: 59647.0
  • Number Of Units Total: 11
  • Annual Operating Expense: 18713.0

Tax Info

  • Tax Annual Amount: 5185.0
  • Tax Year: 2020

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2021 04/29/21 Sold $525,000 +1.0% $70 / Sq Ft
03/30/2021 03/30/21 Pending -- -- --
02/18/2021 02/18/21 For Sale $520,000 -- $70 / Sq Ft
Source: REALTORS® Association of Citrus County

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Thao Le

    Seller's Agent in 2021

    Thao Le

    Century 21 J.W.Morton R.E.

    (352) 586-3666

    23 in this area

    83 Total Sales

    Thao Le
    Section Image

  • R

    Seller Co-Listing Agent in 2021

    Ruth Frederick

    Century 21 J.W.Morton R.E.

    (352) 726-6668

    18 in this area

    43 Total Sales

    Ruth Frederick
    Section Image
See All Agents

Map

Source: REALTORS® Association of Citrus County

MLS Number: 798753

REALTORS® Association of Citrus County

APN: 11-19S-19E-2A000-003.0

Florida Citrus County Inverness 34453

1030 S Prospect Terrace, Inverness, FL

This home is located at 1030 S Prospect Terrace, Inverness, FL 34453 since 18 February 2021. This property was built in 1960. 1030 S Prospect Terrace is a home located in Citrus County with nearby schools including Hernando Elementary School, Inverness Middle School, and Citrus High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTORS® Association of Citrus County 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.

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