NOT LISTED FOR SALE

520 Lakewood Dr Inverness, FL 34450

Estimated Value: $308,000 - $323,000

3 Beds
2 Baths
1,477 Sq Ft
$212/Sq Ft Est. Value

Last Sold July 15, 2022

Last sale price $295,000 $200 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,121/month

8 Days on Market

Highlights

  • Lake Front
  • Primary Bedroom Suite
  • No HOA
  • Docks
  • Ranch Style House
  • 2 Car Attached Garage

About This Home

As of July 2022

Looking to be on the water in the beautiful city of Inverness at a price you can afford then you need to see this home right on the lake. Home has 3 bedrooms, 2 bathrooms, large 21x25 2 car garage, front patio and a 10x24 screen porch that overlooks the lake. Features of this home include fenced in backyard, storage shed, indoor laundry room, pantry, 20x17 living room and formal dining room. Being on the lake you have access to so many chains of lakes, and one block away is the Withlacoochee State Park with trails for biking, walking, roller blading etc. So enjoy the wonderful town of Inverness with all the new parks, playgrounds, farmers market, trails, boating, shopping and restaurants in downtown. This home will need to be updated but you can do it as you live the Florida Dream on your own time.

Last Agent to Sell the Property

Kirk Johnson

Citrus Ridge Realty License #610687 Listed on: 06/06/2022

Last Buyer's Agent

Tomika Spires-Hanssen

Keller Williams Realty - Elite Partners II License #696338

Keller Williams Realty - Elite Partners II

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,406

Year Built

  • Built in 1981

Lot Details

  • 0.25 Acre Lot
  • Lake Front
  • Chain Link Fence
  • Level Lot
  • Property is zoned LD

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Ranch Style House
  • Block Foundation
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,477 Sq Ft Home
  • Blinds
  • Laminate Flooring
  • Laundry in unit

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher
  • Laminate Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms
  • Shower Only
  • Separate Shower

Schools

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

Additional Features

  • Docks
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Inverness Shores Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,406

Year Built

Built in 1981

Lot Details

0

Parking

2

Listing Details

  • Architectural Style: Ranch
  • Carport Y N: No
  • Directions: North Florida Ave south to Left on Mossy Oak Dr., Right onto Lakewood Dr. House on Left
  • Water Frontage Type: Lakefront, Waterfront
  • Garage Yn: Yes
  • Lot Size Acres: 0.25
  • New Construction: No
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Subdivision Name: Inverness Shores
  • Year Built: 1981
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Oven, Electric Range, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Laminate
  • Interior Amenities: Laminate Counters, Master Suite, Pantry, Shower Only, Separate Shower
  • Living Area: 1477.0
  • Window Features: Blinds
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Stucco
  • Exterior Features: Concrete Driveway
  • Fencing: Chain Link
  • Foundation Details: Block, Slab
  • Lot Features: Flat
  • Pool Features: None
  • Roof: Asphalt, Shingle
  • Waterfront Features: Boat Dock/Slip, Lake Front, Waterfront
  • Waterfront: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Laundry - Living Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Zoning: LD
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3405.62
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2022
Closed on
Jul 15, 2022
Sold by
Dave Maddox Enterprises Llc
Bought by
Hibbard Richard K and Hibbard Christine K
Seller's Agent
Kirk Johnson
Citrus Ridge Realty
Buyer's Agent
Tomika Spires-Hanssen
Keller Williams Realty - Elite Partners II
List Price
$315,000
Sold Price
$295,000
Premium/Discount to List
-$20,000
-6.35%
Current Estimated Value
$312,491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,491
Avg. Annual Appreciation
1.78%
Original Mortgage
$373,770
Outstanding Balance
$355,600
Interest Rate
5.09%
Mortgage Type
Balloon
Estimated Equity
-$43,109

Purchase Details

Closed on
Jun 22, 2020
Sold by
Banks Edith M
Bought by
Dave Maddox Enterprise Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
2.75%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 26, 2019
Sold by
Banks Edith M
Bought by
Banks Edith M and Banks Michael C
Source: Public Records

Range of Values:

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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
Hibbard Richard K $295,000 Compass Title
Dave Maddox Enterprise Llc $150,000 Compass Title Llc
Dave Maddox Enterprises Llc $150,000 Compass Title
Banks Edith M -- None Available
Banks Edith M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hibbard Richard K $373,770
Previous Owner Dave Maddox Enterprises Llc $145,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2022 07/15/22 Sold $295,000 -6.3% $200 / Sq Ft
06/15/2022 06/15/22 Pending -- -- --
06/06/2022 06/06/22 For Sale $315,000 -- $213 / Sq Ft
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 $5,575 $286,304 $73,600 $212,704
2023 $5,575 $251,617 $46,000 $205,617
2022 $3,923 $202,700 $34,100 $168,600
2021 $3,406 $158,427 $34,100 $124,327
2020 $2,957 $149,863 $31,870 $117,993
2019 $2,809 $145,498 $31,870 $113,628
2018 $2,506 $117,457 $17,690 $99,767
2017 $2,310 $109,181 $17,690 $91,491
2016 $2,137 $102,944 $17,690 $85,254
2015 $1,847 $80,820 $17,720 $63,100
2014 $1,909 $79,800 $18,609 $61,191
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Citrus County

MLS Number: 813548

REALTORS® Association of Citrus County

APN: 20E-19S-21-0010-000E0-0050