NOT LISTED FOR SALE
4 Beds
2 Baths
3,520 Sq Ft
0.5 Acre Lot

Sale Details

Date Sold: January 29, 2020

Last sale price $170,000 $48 Per Sq Ft

741 Days on Market

Highlights

  • No HOA
  • Landscaped
  • Central Heating and Cooling System
  • Ceramic Tile Flooring

About This Home

As of January 2020

Price reduced!!! Perfect for investors, capitalization rate of about 8.9% including property management fees. Units rent quickly. 4 two bedroom 1 bathroom apartments with 1 car garages. Units have washer/dryer hookup in the garage. These units are all occupied and under current leases.

Last Agent to Sell the Property

Kathy Chapman

Landmark Realty License #3064510 Listed on: 12/19/2017

Co-Listed By

Janet Bega

Landmark Realty License #3162684

Last Buyer's Agent

Victoria Fraine

LPT Realty, LLC License #3392053

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,062

Year Built

  • Built in 1973

Lot Details

  • 21,780 Sq Ft Lot
  • Property fronts a county road
  • Landscaped

Home Design

  • 3,520 Sq Ft Home
  • Duplex
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Stucco

Kitchen

  • Oven
  • Range

Flooring

  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • Private Parking
  • Driveway
  • Parking Lot

Utilities

  • Central Heating and Cooling System
  • Shared Well
  • Septic Tank

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Inverness Acres Subdivision

Building Details

  • Operating Expense $10,588
  • Gross Income $23,430
  • Net Operating Income $12,842

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,062

Year Built

Built in 1973

Lot Details

0.5 Acres

Listing Details

  • CapRate: 0.08
  • Co List Office Phone: (352) 726-5263
  • Directions: Forest Dr to right on Longwood to end - you will be on Milton and units are in front of you. Unmaintained dirt road.
  • Lot Size Acres: 0.5
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Prop. Type: Residential Income
  • Road Frontage Type: County Road
  • Road Surface Type: Unimproved
  • Subdivision Name: Inverness Acres
  • Year Built: 1973
  • Special Features: VirtualTour

Interior Features

  • Appliances: Oven, Range, Refrigerator
  • Flooring: Ceramic Tile, Laminate, Vinyl
  • Interior Amenities: First Floor Entry
  • Living Area: 3520.0

Exterior Features

  • Construction Type: Stucco
  • Exterior Features: Landscaping, Concrete Driveway
  • Foundation Details: Block
  • Lot Features: Multiple lots
  • Pool Features: None
  • Roof: Asphalt, Shingle
  • Waterfront: No

Garage/Parking

  • Parking Features: Concrete, Driveway, Parking Lot, Private

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Shared Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: LD
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 23430.0
  • Property Net Operating Income: 12842.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 10588.0

Tax Info

  • Tax Annual Amount: 3062.0
  • Tax Year: 2017

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2017
Closed on
Jan 29, 2020
Sold by
Bought by
Seller's Agent
Kathy Chapman
Landmark Realty
Buyer's Agent
Victoria Fraine
LPT Realty, LLC
List Price
$199,900
Sold Price
$170,000
Premium/Discount to List
-$29,900
-14.96%

Purchase Details

Closed on
Jul 7, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
0.0655%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
0.08%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 1, 1999
Bought by

Purchase Details

Closed on
Mar 1, 1997
Bought by

Purchase Details

Closed on
Aug 1, 1995
Bought by

Purchase Details

Closed on
Jul 1, 1993
Bought by

Purchase Details

Closed on
Jan 1, 1993
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$170,000 American Ttl Svcs Of Citrus
$137,500 First Title Company Inc
$125,000 First Title Company Inc
$50,500 --
$100 --
$100 --
$100 --
$40,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $90,000
Previous Owner $123,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/29/2020 01/29/20 Sold $170,000 -15.0% $48 / Sq Ft
12/30/2019 12/30/19 Pending -- -- --
12/19/2017 12/19/17 For Sale $199,900 -- $57 / Sq Ft
Source: REALTORS® Association of Citrus County

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,553 $148,470 $2,550 $145,920
2024 $2,371 $128,580 $2,550 $126,030
2023 $2,371 $102,354 $0 $0
2022 $2,046 $99,400 $2,550 $96,850
2021 $1,818 $84,590 $2,550 $82,040
2020 $1,617 $74,100 $2,550 $71,550
2019 $1,649 $73,840 $2,550 $71,290
2018 $1,674 $73,750 $2,550 $71,200
2017 $1,531 $66,990 $2,550 $64,440
2016 $1,538 $67,050 $2,550 $64,500
2015 $1,517 $66,410 $2,550 $63,860
2014 $1,592 $66,551 $3,263 $63,288
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Citrus County

MLS Number: 767925

REALTORS® Association of Citrus County

APN: 12-19S-19E-0120-00010-057.0

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