NOT LISTED FOR SALE

11841 Balm Riverview Rd Riverview, FL 33569

Estimated Value: $206,000 - $395,000

4.82 Acres
$63,358 Price per Acre
209,959 Sq Ft Lot

Last Sold January 28, 2022

Last sale price $299,000

Est. 3% decrease in value since last sale

Current estimated payment $1,638/month

152 Days on Market

Highlights

  • 4.82 Acre Lot
  • Riverview High School Rated A-
  • Heating Available

About This Lot

As of January 2022

This 4.82 acre parcel is zoned AS-0.4 with future land use R-4. It can potentially be developed for town houses as a Planned Development (4 units per acre) or rezoned commercial based on preliminary discussions with Hillsborough County. A waiver to the commercial node policy would be required for commercial and improvements to Balm-Riverview Road would likely be required if the property is rezoned to commercial. The improvements would be less likely to be required for town homes. The property is bordered by residential parcels, with DMV Auto Service further to the south. CVS owns a parcel at the NW corner of Balm Riverview and Rhodine, the Balm Professional Center is located just southeast and consists of a mix of medical and professional offices. This area of Hillsborough County is booming with development and this property could make for a great office park, daycare, self storage or many other commercial uses upon rezoning. The property was formerly used as a tropical fish farm and reportedly when the ponds were excavated the soil remained on site and was built up in berms around each pond. Therefore no soil was reportedly removed from the site. The Hillsborough County EPC granted a wetlands exemption for the fish ponds in 2012 (see attachment). The majority of the parcel is within Flood Zone X. The property is approximately 439 ft along the eastern side; 373 ft along the west; 448 feet along the northern boundary and 667 ft along the southern boundary.

Last Agent to Sell the Property

Shane Billings

BRIDGEWATER COMMERCIAL RE License #3311270 Listed on: 02/13/2020

Last Buyer's Agent

Anthony Jaquinto

RE/MAX REALTEC GROUP INC License #632562

RE/MAX REALTEC GROUP INC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,034

Lot Details

  • 4.82 Acre Lot
  • Lot Dimensions are 439x373x448x667
  • Property fronts a county road
  • Barbed Wire
  • Property is zoned AS-0.4

Community Details

  • Unplatted Subdivision

Listing and Financial Details

  • Tax Block 3
  • Assessor Parcel Number U-34-30-20-ZZZ-000003-09040.0

Property Details

Property Type

Land

Est. Annual Taxes

$2,034

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 4.82
  • Lot Size Sq Ft: 209959
  • Number Of Lots: 1
  • Status: Sold
  • Total Acreage: 2 to less than 5
  • Ratio: Close Price\List Price: 0.74769
  • Price per Sq Ft: 1.42
  • Close to Original List Price Ratio: 0.5992
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet

Exterior Features

  • Road Frontage Type: County Road
  • Waterfront: No
  • Water View Y N: No
  • Front Footage: 439
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12057C0508H

Garage/Parking

  • Open Parking: No

Utilities

  • Utilities: Electrical Nearby, Other, Sewer Nearby, Water Nearby
  • Sewer: None
  • Water Source: None
  • Cooling Y N: No
  • Heating Yn: Yes

Lot Info

  • Zoning: AS-0.4
  • Parcel Number: U-34-30-20-ZZZ-000003-09040.0
  • Additional Parcels: No
  • Fencing: Barbed Wire
  • Lot Features: Fish Breeding Ponds, In County
  • Lot Dimensions: 439x373x448x667
  • Price Per Acre: 62033
  • Flood Zone Code: A
  • Flood Zone Date: 2008-08-28
  • Current Adjacent Use: Residential
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • For Lease Y N: No

Tax Info

  • Tax Annual Amount: 2033.93
  • Tax Block: 3
  • Tax Book Number: 42-65
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2020
Closed on
Jan 28, 2022
Sold by
Jj Balm River Llc
Bought by
Palmetto Riverview-Balm Riverview Rd Llc
Seller's Agent
Shane Billings
BRIDGEWATER COMMERCIAL RE
Buyer's Agent
Anthony Jaquinto
RE/MAX REALTEC GROUP INC
List Price
$499,000
Sold Price
$299,000
Premium/Discount to List
-$200,000
-40.08%
Current Estimated Value
$291,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,697
Avg. Annual Appreciation
0.54%
Original Mortgage
$2,167,400
Outstanding Balance
$2,010,146
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
-$1,704,761

Purchase Details

Closed on
Jul 3, 2020
Sold by
Revestart Llc
Bought by
Jj Balm River Llc

Purchase Details

Closed on
Oct 22, 2013
Sold by
Miller Faigley Diane Roselle and Miller Baldasarre Sandra
Bought by
Revestart Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7%
Mortgage Type
Seller Take Back
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Palmetto Riverview-Balm Riverview Rd Llc $299,000 Akerman Llp
Jj Balm River Llc -- None Available
Revestart Llc $115,000 Hillsborough Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palmetto Riverview-Balm Riverview Rd Llc $2,167,400
Previous Owner Revestart Llc $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2022 01/28/22 Sold $299,000 -25.2% --
07/12/2020 07/12/20 Pending -- -- --
04/24/2020 04/24/20 Price Changed $399,900 -18.2% --
02/20/2020 02/20/20 Price Changed $489,000 -2.0% --
02/11/2020 02/11/20 For Sale $499,000 -- --
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,394 $88,377 $88,377 --
2023 $1,276 $81,250 $81,250 $0
2022 $1,139 $68,421 $68,421 $0
2021 $2,123 $118,590 $118,590 $0
2020 $2,034 $112,734 $112,734 $0
2019 $2,054 $112,734 $112,734 $0
2018 $1,899 $102,485 $0 $0
2017 $1,866 $99,557 $0 $0
2016 $1,733 $90,773 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: U8074730

Stellar MLS

APN: U-34-30-20-ZZZ-000003-09040.0