NOT LISTED FOR SALE

3401 E Gulf To Lake Hwy Inverness, FL 34453

Estimated Value: $91,000

0.53 Acre
$171,698 Price per Acre
23,087 Sq Ft Lot

Last Sold February 22, 2024

Last sale price $82,500

Est. 10% increase in value since last sale

Current estimated payment $562/month

258 Days on Market

Highlights

  • 0.53 Acre Lot
  • Corner Lot
  • No HOA

About This Lot

As of February 2024

We are currently offering a unique opportunity to purchase 0.53 acres of General Commercial Vacant Land in a prime location, just a short distance from the heart of Downtown Inverness. This property boasts 55' feet of highway frontage and provides convenient access to both East and West S.R. 44. The Florida Department of Transportation has verified a daily traffic count of 31,500 vehicles passing by this location, ensuring excellent visibility and exposure for any business or development on the site. Inverness is a vibrant community with a growing population. Within a 5-mile radius, there are approximately 32,510 residents and 14,510 households. These numbers are expected to rise further with the completion of the Suncoast Parkway Extension, which is located 9.4 miles from the subject property and is set to be finished in 2022. The area surrounding Inverness is home to several national retailers and service providers, including Publix, Walmart, Winn-Dixie, TJ Maxx, Bealls, Regal Cinema, Citrus Memorial Hospital, Quick Care, and many others. These established businesses cater to the needs of the local community and contribute to the area's economic growth.

Last Agent to Sell the Property

Elias Kirallah

Century 21 J.W.Morton R.E. License #3123414 Listed on: 06/06/2023

Century 21 J.W.Morton R.E.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $766

Lot Details

  • 0.53 Acre Lot
  • Lot Dimensions are 55x238
  • Property fronts a state road
  • Corner Lot
  • Level Lot
  • Additional Parcels
  • Property is zoned GNC

Schools

  • Hernando Elementary School
  • Citrus High School

Utilities

  • Well
  • Septic Tank

Community Details

  • No Home Owners Association
  • Inverness Highlands U 1 9 Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$766

Lot Details

0

Listing Details

  • Directions: Head west on W. Main St from Downtown Inverness. Location on the right after 3.5 miles.
  • Lot Size Acres: 0.53
  • Lot Size: 55x238
  • Property Sub Type: Unimproved Land
  • Property Sub Type Additional: Unimproved Land
  • Prop. Type: Land
  • Road Frontage Type: County Road, State Road
  • Road Surface Type: Paved
  • Subdivision Name: Inverness Highlands U 1-9
  • Special Features: None

Interior Features

  • Possible Use: Commercial

Exterior Features

  • Lot Features: Corner Lot, Flat
  • Waterfront: No

Utilities

  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Hernando Elementary
  • High School: Citrus High

Lot Info

  • Additional Parcels Description: 1660700
  • Additional Parcels: Yes
  • Lot Size Sq Ft: 23389.0
  • Zoning: GNC
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 766.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2023
Closed on
Feb 22, 2024
Sold by
King Philip R
Bought by
Benslama Abdesselam
Seller's Agent
Elias Kirallah
Century 21 J.W.Morton R.E.
List Price
$89,900
Sold Price
$82,500
Premium/Discount to List
-$7,400
-8.23%
Views
115
Current Estimated Value
$91,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,500

Purchase Details

Closed on
Jun 19, 2003
Sold by
Vaudreuil David N
Bought by
King Philip R

Purchase Details

Closed on
Jun 1, 2003
Bought by
King Philip R

Purchase Details

Closed on
Feb 1, 1996
Bought by
King Philip R
Source: Public Records

Range of Values:

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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
Benslama Abdesselam $82,500 None Listed On Document
King Philip R $16,000 Land Title Ins Of Citrus Cnt
King Philip R $61,000 --
King Philip R $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Renaissance Outdoor Advertisin $3,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2024 02/22/24 Sold $82,500 0.0% --
02/20/2024 02/20/24 Pending -- -- --
12/31/2023 12/31/23 Off Market $82,500 -- --
08/04/2023 08/04/23 For Sale $89,900 0.0% --
06/30/2023 06/30/23 Pending -- -- --
06/22/2023 06/22/23 Price Changed $89,900 -10.0% --
06/06/2023 06/06/23 For Sale $99,900 -- --
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
2024 $840 $55,820 $55,820 --
2023 $840 $55,820 $55,820 $0
2022 $809 $55,820 $55,820 $0
2021 $794 $55,820 $55,820 $0
2020 $766 $55,820 $55,820 $0
2019 $675 $45,490 $45,490 $0
2018 $689 $45,490 $45,490 $0
2017 $704 $45,490 $45,490 $0
2016 $732 $45,490 $45,490 $0
2015 $751 $45,490 $45,490 $0
2014 $777 $45,466 $45,466 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Citrus County

MLS Number: 824493

REALTORS® Association of Citrus County

APN: 19E-19S-02-0090-01450-0430