NOT LISTED FOR SALE

140 S Schmidt Ave Inverness, FL 34450

Estimated Value: $380,000 - $499,781

4 Beds
2.5 Baths
1,720 Sq Ft
$256/Sq Ft Est. Value

Last Sold December 02, 2022

Last sale price $350,000 $203 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,672/month

68 Days on Market

Highlights

  • Water Access
  • 79.17 Acre Lot
  • 2 Car Attached Garage
  • Primary Bedroom Suite
  • No HOA
  • Bathtub with Shower

About This Home

As of December 2022

This four bedroom 2.5 bath home is just on the edge of almost 60 acres being sold with the adjoining property, another approx 20 acres. A large percent of the property is considered swamp bottom according to property records which is property that cannot be developed, but if you are looking to hunt out your back door this is your place. Home does require repair from water damage. Home has not been insured in over ten years.

Last Agent to Sell the Property

Michele Rose

Keller Williams Realty - Elite Partners II License #700057 Listed on: 09/24/2022

Keller Williams Realty - Elite Partners II

Last Buyer's Agent

Michele Rose

Keller Williams Realty - Elite Partners II License #700057 Listed on: 09/24/2022

Keller Williams Realty - Elite Partners II

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,992

Year Built

  • Built in 1980

Lot Details

  • 79.17 Acre Lot
  • Property fronts a county road
  • West Facing Home
  • Barbed Wire
  • Additional Parcels
  • Property is zoned CLM

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,720 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Kitchen

  • Electric Oven
  • Electric Range
  • Built-In Microwave
  • Laminate Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • Bathtub with Shower

Outdoor Features

  • Water Access

Schools

  • Inverness Primary Elementary School
  • Inverness Middle School
  • Citrus High School

Utilities

  • Central Air
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,992

Year Built

Built in 1980

Lot Details

79.17 Acres

Parking

2

Listing Details

  • Architectural Style: One Story
  • Carport Y N: No
  • Directions: From Inverness take Gulf to Lake Hwy towards Wildwood, turn left on S Eden Gardens Ave, go to end, turn left on E Victory Ln, turn right on S Schmidt Ave to the end
  • Garage Yn: Yes
  • Unit Levels: One
  • Lot Size Acres: 79.17
  • New Construction: No
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Building Stories: 1
  • Subdivision Name: Not on List
  • Year Built: 1980
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Oven, Electric Range, Microwave Hood Fan, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Laminate
  • Interior Amenities: Laminate Counters, Master Suite, Tub Shower
  • Living Area: 1720.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Frame, Vinyl Siding
  • Direction Faces: West
  • Exterior Features: Concrete Driveway
  • Fencing: Barbed Wire
  • Lot Features: Acreage
  • Pool Features: None
  • Roof: Metal
  • Waterfront Features: Water Access
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Concrete, Driveway, Garage
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Additional Parcels Description: 1719194
  • Additional Parcels: Yes
  • Lot Size Sq Ft: 2591734.0
  • Zoning: CLM
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3991.76
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2023
Sold by
Buchanan Danny R and Buchanan Debra M
Bought by
Buchanan Dawson and Buchanan Leighann
Current Estimated Value
$439,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$323,818
Interest Rate
1%
Mortgage Type
Seller Take Back
Estimated Equity
$116,073

Purchase Details

Listed on
Sep 24, 2022
Closed on
Dec 2, 2022
Sold by
William C Buchanan Trust
Bought by
Buchanan Danny R and Buchanan Debra M
Seller's Agent
Michele Rose
Keller Williams Realty - Elite Partners II
Buyer's Agent
Michele Rose
Keller Williams Realty - Elite Partners II
List Price
$575,000
Sold Price
$350,000
Premium/Discount to List
-$225,000
-39.13%
Views
74

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.38%

Purchase Details

Closed on
Oct 28, 2010
Sold by
Buchanan William C
Bought by
Buchanan William C

Purchase Details

Closed on
Oct 1, 2010
Bought by
Buchanan William
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
Buchanan Dawson $350,000 American Title Services
Buchanan Danny R $350,000 American Title Services
Buchanan William C -- Attorney
Buchanan William $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buchanan Dawson $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2022 12/02/22 Sold $350,000 -26.3% $203 / Sq Ft
10/26/2022 10/26/22 Price Changed $475,000 -17.4% $276 / Sq Ft
09/24/2022 09/24/22 For Sale $575,000 -- $334 / Sq Ft
Source: REALTORS® Association of Citrus County

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 $4,869 $326,880 $127,720 $199,160
2024 $4,959 $358,163 $127,720 $230,443
2023 $4,959 $320,175 $127,720 $192,455
2022 $4,670 $339,921 $127,720 $212,201
2021 $3,992 $268,301 $127,720 $140,581
2020 $400 $247,319 $127,720 $119,599
2019 $391 $245,268 $127,720 $117,548
2018 $361 $223,676 $127,720 $95,956
2017 $350 $42,553 $14,495 $28,058
2016 $394 $44,616 $17,345 $27,271
2015 $392 $44,355 $17,135 $27,220
2014 $126 $7,238 $7,238 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Citrus County

MLS Number: 816902

REALTORS® Association of Citrus County

APN: 20E-19S-01-0000-31000

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