NOT LISTED FOR SALE

5112 S Suncoast Blvd Homosassa, FL 34446

Estimated Value: $314,456

12.43 Acres
$25,298 Price per Acre
541,451 Sq Ft Lot

Last Sold August 15, 2022

Last sale price $325,000

Est. 3% decrease in value since last sale

Current estimated payment $1,932/month

183 Days on Market

Highlights

  • 12.43 Acre Lot
  • No HOA
  • Level Lot
  • Wooded Lot

About This Lot

As of August 2022

Prime Multifamily development opportunity fronting US Hwy 19/Suncoast Blvd in growing Homosassa Florida. Subject property is 12.43 acres with 934' on US 19/Suncoast Blvd. Zoned MDR-Medium Density Residential current zoning allows for 8 units per acre for a potential of 90 apartments/townhomes. Located on the S Suncoast Highway Corridor connecting Levy County just 53 miles due north of the subject property and just south of Hernando County 21 miles. Additional connection the NEWLY Constructed $135 Million Suncoast Parkway Toll Road and currently in the path of the of the US 19 6 lane widening project spanning from the boarder of Hernando County and extending through Crystal River, Florida at the intersection of Fort Island Trail and US 19. Located in Citrus County projected to undergo a transitional period of extreme growth with over 61,000 vacant parcels paving way for residential and commercial development. Five mile population of 27,761 and a County population of 153,600 with a Median Household income of $47,121 and median age of 61 years of age. Employment segmentation in Citrus County includes 64% White Collar, 22% Blue Collar, 14% Services and low unemployment of 6.2%. Located in the Tax Free State of Florida a growing state just trailing Texas receiving 211,196 residents and a total population of 21,781,128 according to US census. State economist predict Florida population to grow by 5 million residents by 2030. All signs for GROWTH!

Last Agent to Sell the Property

Elias Kirallah

Century 21 J.W.Morton R.E. License #3123414 Listed on: 02/13/2022

Century 21 J.W.Morton R.E.

Last Buyer's Agent

Elias Kirallah

Century 21 J.W.Morton R.E. License #3123414 Listed on: 02/13/2022

Century 21 J.W.Morton R.E.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $801

Lot Details

  • 12.43 Acre Lot
  • Lot Dimensions are 934x1145
  • Level Lot
  • Wooded Lot
  • Property is zoned MDR

Utilities

  • Septic Needed

Community Details

  • No Home Owners Association
  • Green Acres Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$801

Lot Details

0

Listing Details

  • Directions: Located just off US 19 just north of Grover Cleveland Blvd.
  • Lot Size Acres: 12.43
  • Lot Size: 934x1145
  • Property Sub Type: Unimproved Land
  • Property Sub Type Additional: Unimproved Land
  • Prop. Type: Land
  • Subdivision Name: Green Acres
  • Special Features: None

Interior Features

  • Possible Use: Commercial

Exterior Features

  • Lot Features: Acreage, Flat, Wooded
  • Waterfront: No

Utilities

  • Sewer: Septic Needed
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 541287.0
  • Zoning: MDR
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 801.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2022
Closed on
Aug 15, 2022
Sold by
Leonard Hoefler
Bought by
Tkw Investment Corporation
Seller's Agent
Elias Kirallah
Century 21 J.W.Morton R.E.
Buyer's Agent
Elias Kirallah
Century 21 J.W.Morton R.E.
List Price
$399,000
Sold Price
$325,000
Premium/Discount to List
-$74,000
-18.55%
Current Estimated Value
$314,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,544
Avg. Annual Appreciation
-1.01%

Purchase Details

Closed on
Apr 12, 2021
Sold by
Vantine Mary Ann and Hoefler Leonard
Bought by
Vantine Mary Ann and Hoefler Leonard

Purchase Details

Closed on
Jul 1, 1990
Bought by
Hoefler Venera L Trustee and John
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
Tkw Investment Corporation $325,000 Hengesbach & Hengesbach Pa
Vantine Mary Ann -- Attorney
Hoefler Venera L Trustee $100 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2022 08/15/22 Sold $325,000 0.0% --
07/18/2022 07/18/22 Off Market $325,000 -- --
04/19/2022 04/19/22 Price Changed $375,000 -6.0% --
02/13/2022 02/13/22 For Sale $399,000 -- --
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
2024 $3,338 $222,650 $222,650 --
2023 $3,338 $222,650 $222,650 $0
2022 $987 $78,940 $78,940 $0
2021 $801 $55,930 $55,930 $0
2020 $742 $50,770 $50,770 $0
2019 $739 $50,770 $50,770 $0
2018 $715 $50,770 $50,770 $0
2017 $629 $40,620 $40,620 $0
2016 $841 $52,270 $52,270 $0
2015 $838 $50,790 $50,790 $0
2014 $842 $49,300 $49,300 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2022

    Elias Kirallah

    Century 21 J.W.Morton R.E.

    (352) 400-2635

    108 Total Sales

    Elias Kirallah
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Map

Source: REALTORS® Association of Citrus County

MLS Number: 809933

REALTORS® Association of Citrus County

APN: 17E-19S-35-0000-44300

Florida Citrus County Homosassa 34446

5112 S Suncoast Blvd, Homosassa, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTORS® Association of Citrus County IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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