NOT LISTED FOR SALE

1266 Malone Ave Spring Hill, FL 34606

Estimated Value: $179,000 - $400,000

4 Beds
4 Baths
2,030 Sq Ft
$158/Sq Ft Est. Value

Last Sold November 06, 2024

Last sale price $350,000 $172 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $2,140/month

28 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Ceiling Fan
  • 1 Car Attached Garage
  • Central Heating and Cooling System

About This Home

As of November 2024

This well-maintained duplex in the heart of Spring Hill is an outstanding income-producing property, ready for its next owner! Each
unit features 2 bedrooms, 2 bathrooms, and a spacious open floor plan with durable tile and laminate flooring throughout—no carpet,
making it easy to maintain. Both units are currently tenant-occupied, offering immediate rental income from day one, with leases in
place until December 2025. Each unit also includes its own screened-in back patio, perfect for enjoying the outdoors in comfort and
privacy. The property is situated on a large lot with mature landscaping and ample parking. Conveniently located in a desirable
Spring Hill neighborhood, this duplex is close to parks, schools, shopping, and dining. Easy access to major highways makes
commuting a breeze, whether heading to Tampa or exploring the Nature Coast. This turnkey investment opportunity comes with
reliable tenants in place and room for potential rent growth. Don’t miss your chance to add this steady income-producing property to
your portfolio!

Last Agent to Sell the Property

Tanya Shiner

RE/MAX ALLIANCE GROUP Brokerage Phone: 727-845-4321 License #3408525 Listed on: 09/03/2024

RE/MAX ALLIANCE GROUP

Co-Listed By

Ronald Shiner, III

RE/MAX ALLIANCE GROUP Brokerage Phone: 727-845-4321 License #3417887

Last Buyer's Agent

Carolina Aguiar

EXP REALTY LLC License #3488305

EXP REALTY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,807

Year Built

  • Built in 1995

Lot Details

  • 10,000 Sq Ft Lot
  • Lot Dimensions are 80x125

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,030 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Laundry in Garage

Kitchen

  • Range
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Schools

  • Deltona Elementary School
  • Fox Chapel Middle School
  • Weeki Wachee High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Visit Down Payment Resource Website
  • Tenant pays for electricity, sewer, trash collection, water
  • No Minimum Lease Term
  • Legal Lot and Block 7 / 154
  • Assessor Parcel Number R32-323-17-5030-0154-0070

Community Details

Overview

  • No Home Owners Association
  • 3,094 Sq Ft Building
  • Spring Hill Subdivision

Pet Policy

  • No limit on the number of pets
  • Extra large pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,807

Year Built

Built in 1995

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Duplex
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2030
  • Lot Size Acres: 0.23
  • New Construction: No
  • Year Built: 1995
  • Building Area Total: 3094
  • Lease Term: Twenty Four Months
  • Lot Size Sq Ft: 10000
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
  • Status: Sold
  • Co List Office Mls Id: MFR285512846
  • Co List Office Phone: 727-845-4321
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 287.44
  • Escrow City: Holiday
  • Escrow State: FL
  • Escrow Street Name: US Hwy 19
  • Minimum Lease: No Minimum
  • Number Of Pets: 10+
  • RATIO Current Price By Calculate: 172.41
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 0
  • MFR_NumAssignedParkingSpaces: 1
  • MFR_DockYN: 0
  • Attribution Contact: 727-845-4321
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Laminate, Tile
  • Interior Amenities: Ceiling Fans(s), Window Treatments
  • Appliances Included: Dishwasher, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Spa Yn: No
  • Window Features: Blinds
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 188.59

Exterior Features

  • Exterior Features: Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12053C0304D

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Covered, Driveway
  • Garage Spaces: 1

Utilities

  • Utilities: Public
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Association Fee Requirement: None
  • Pet Size: Extra Large (101+ Lbs.)

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Deltona Elementary
  • High School: Weeki Wachee High School
  • Middle Or Junior School: Fox Chapel Middle School

Lot Info

  • Zoning: 08
  • Parcel Number: R32-323-17-5030-0154-0070
  • Additional Parcels: No
  • Lot Features: Paved
  • Lot Dimensions: 80x125
  • Property Attached Yn: Yes
  • Flood Zone Code: X

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Total Actual Rent: 2450
  • Lease Restrictions YN: 0
  • Terms Of Lease: Renewal Option

Multi Family

  • Number Of Units Total: 2
  • Total Num Buildings: 1
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 4807.33
  • Tax Block: 154
  • Tax Book Number: 7-80
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2024
Closed on
Nov 6, 2024
Sold by
Layton Lisa and Maynard Jason
Bought by
Lmc Property Management Llc
Seller's Agent
Tanya Shiner
RE/MAX ALLIANCE GROUP
Buyer's Agent
Carolina Aguiar
EXP REALTY LLC
List Price
$370,000
Sold Price
$350,000
Premium/Discount to List
-$20,000
-5.41%
Views
41
Current Estimated Value
$320,353

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,647
Avg. Annual Appreciation
-7.35%
Original Mortgage
$280,000
Outstanding Balance
$276,348
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$44,005

Purchase Details

Closed on
Sep 11, 2020
Sold by
Lampasso Patrick and Stoll William
Bought by
Layton Lisa and Maynard Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2019
Sold by
Lampasso Patrick
Bought by
Stoll William

Purchase Details

Closed on
Jan 26, 2018
Sold by
Bambauer Douglas S and Bambauer Lisa
Bought by
Lampasso Patrick
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Lmc Property Management Llc $350,000 Total Title Solutions
Lmc Property Management Llc $350,000 Total Title Solutions
Layton Lisa $195,000 Southeast Title Of Suncoast
Stoll William $70,445 Attorney
Lampasso Patrick $142,500 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lmc Property Management Llc $280,000
Closed Lmc Property Management Llc $280,000
Previous Owner Layton Lisa $136,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2024 11/06/24 Sold $350,000 -5.4% $172 / Sq Ft
10/01/2024 10/01/24 Pending -- -- --
09/03/2024 09/03/24 For Sale $370,000 0.0% $182 / Sq Ft
11/19/2020 11/19/20 Rented $1,050 0.0% --
11/17/2020 11/17/20 For Rent $1,050 -- --
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
2025 $5,576 $296,467 $36,500 $259,967
2024 $4,807 $234,890 -- --
2023 $4,807 $213,536 $0 $0
2022 $4,223 $194,124 $0 $0
2021 $3,915 $176,476 $12,000 $164,476
2020 $3,398 $165,343 $11,500 $153,843
2019 $3,150 $135,160 $10,000 $125,160
2018 $1,786 $138,847 $9,500 $129,347
2017 $1,946 $91,178 $9,000 $82,178
2016 $1,877 $88,256 $0 $0
2015 $1,755 $80,233 $0 $0
2014 $1,749 $81,125 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: U8255829

Stellar MLS

APN: R32-323-17-5030-0154-0070