NOT LISTED FOR SALE

1220 E Norvell Bryant Hernando, FL 34442

Estimated Value: $184,989

1.54 Acres
$120,123 Price per Acre
67,082 Sq Ft Lot

Last Sold September 29, 2023

Last sale price $190,000

Est. 3% decrease in value since last sale

Current estimated payment $1,103/month

127 Days on Market

Highlights

  • 1.54 Acre Lot
  • No HOA
  • Landscaped with Trees

About This Lot

As of September 2023

The prime GNC parcel of 1.54 Acres on CR 486/Norvell Bryant Hwy offers an exceptional development opportunity. With 250' of Highway Frontage and full ingress/egress, the property is highly accessible. Its strategic location, just 2.4 miles West of US 41 N/Florida Avenue, provides convenient access to major roadways. The property benefits from its proximity to major retailers, including Walmart and Target, located 5.7 miles East. This creates a desirable retail corridor. Additionally, the renowned community of The Villages of Citrus Hills, with its PGA award-winning golf course "Sky View," is only 2.7 miles East. This adds to the area's prestige and attracts affluent residents and visitors. Zoned GNC commercial, the parcel allows for a 70% FAR utilization, providing flexibility for development. Permitted uses include general retail, professional/medical office, and multi-family housing at a rate of 8-10 units per acre pending municipal approval. This zoning flexibility caters to the demands of the growing market and offers various development possibilities. This prime GNC parcel offers an exceptional development opportunity. Its accessible location, proximity to major retailers, and neighboring community make it an attractive prospect. With its zoning flexibility, developers have the freedom to explore different options and cater to the market's needs.

Last Agent to Sell the Property

Lawanda Watt

Century 21 J.W.Morton R.E. License #3276809 Listed on: 05/03/2023

Century 21 J.W.Morton R.E.

Co-Listed By

Elias Kirallah

Century 21 J.W.Morton R.E. License #3123414

Last Buyer's Agent

Diana Marcum

Diana G.Marcum P.A. License #128665

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,473

Lot Details

  • 1.54 Acre Lot
  • Lot Dimensions are 250x265
  • Property fronts a county road
  • Landscaped with Trees
  • Property is zoned GNC

Schools

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

Utilities

  • Well
  • Septic Needed

Community Details

  • No Home Owners Association
  • Hercala Acres Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$1,473

Lot Details

0

Listing Details

  • Co List Office Phone: (352) 726-6668
  • Directions: Travel W on Hwy 44, Right on Croft Ave, Left on Norvell Bryant, Property on left hand side
  • Lot Size Acres: 1.54
  • Lot Size: 250x265
  • Property Sub Type: Unimproved Land
  • Property Sub Type Additional: Unimproved Land
  • Prop. Type: Land
  • Road Frontage Type: County Road
  • Subdivision Name: Hercala Acres
  • Special Features: None

Interior Features

  • Possible Use: Commercial

Exterior Features

  • Lot Features: Trees
  • Waterfront: No

Utilities

  • Sewer: Septic Needed
  • Water Source: Public, Well

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 66875.0
  • Zoning: GNC
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1473.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2023
Closed on
Sep 28, 2023
Sold by
Tri Lb Llc
Bought by
C & S Vinyl Fence Inc
Seller's Agent
Lawanda Watt
Century 21 J.W.Morton R.E.
Buyer's Agent
Diana Marcum
Diana G.Marcum P.A.
List Price
$225,000
Sold Price
$190,000
Premium/Discount to List
-$35,000
-15.56%
Views
35
Current Estimated Value
$184,989

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,011
Avg. Annual Appreciation
-1.22%
Original Mortgage
$120,000
Outstanding Balance
$117,247
Interest Rate
7%
Mortgage Type
Seller Take Back
Estimated Equity
$67,742

Purchase Details

Closed on
Oct 30, 2012
Sold by
Grant Larry L and Grant Lauretta M
Bought by
Tri Lb Llc

Purchase Details

Closed on
Oct 1, 2012
Bought by
Tri Lb Llc

Purchase Details

Closed on
Oct 6, 2003
Sold by
Grant Larry L and Grant Lauretta M
Bought by
Citrus County

Purchase Details

Closed on
Mar 11, 2003
Sold by
Christensen Gary M and Gary M Christensen Inter Vivos
Bought by
Grant Larry L and Grant Lauretta M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
C & S Vinyl Fence Inc $190,000 Fidelity Title
Tri Lb Llc -- Attorney
Tri Lb Llc $100 --
Citrus County -- Manatee Title Co Inc
Grant Larry L $65,000 Dba Crystal River Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open C & S Vinyl Fence Inc $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2023 09/29/23 Sold $190,000 -5.0% --
09/08/2023 09/08/23 Pending -- -- --
06/09/2023 06/09/23 Price Changed $199,900 -11.2% --
05/03/2023 05/03/23 For Sale $225,000 -- --
Source: REALTORS® Association of Citrus County

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
2025 $1,543 $110,340 $110,340 --
2024 $1,527 $100,310 $100,310 --
2023 $1,527 $98,310 $98,310 $0
2022 $1,474 $98,310 $98,310 $0
2021 $1,411 $95,030 $95,030 $0
2020 $1,436 $95,030 $95,030 $0
2019 $1,456 $95,030 $95,030 $0
2018 $1,436 $95,030 $95,030 $0
2017 $1,468 $95,030 $95,030 $0
2016 $1,611 $100,270 $100,270 $0
2015 $1,652 $100,270 $100,270 $0
2014 $1,900 $111,414 $111,414 $0
Source: Public Records

Agents Affiliated with this Home

  • Lawanda Watt

    Seller's Agent in 2023

    Lawanda Watt

    Century 21 J.W.Morton R.E.

    (352) 212-1989

    35 in this area

    243 Total Sales

    Lawanda Watt
    Section Image

  • E

    Seller Co-Listing Agent in 2023

    Elias Kirallah

    Century 21 J.W.Morton R.E.

    (352) 400-2635

    9 in this area

    107 Total Sales

    Elias Kirallah
    Section Image
  • Diana Marcum

    Buyer's Agent in 2023

    Diana Marcum

    Diana G.Marcum P.A.

    (352) 341-0900

    2 in this area

    12 Total Sales

    Diana Marcum
    Section Image
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Map

Source: REALTORS® Association of Citrus County

MLS Number: 823537

REALTORS® Association of Citrus County

APN: 19E-18S-27-0020-00000-0871

Florida Citrus County Hernando 34442

1220 E Norvell Bryant, Hernando, FL

Not Listed for Sale

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