NOT LISTED FOR SALE

5642 E River Rd Hernando, FL 34442

Estimated Value: $700,000

15 Acres
$46,667 Price per Acre
653,400 Sq Ft Lot

Last Sold January 17, 2024

Last sale price $135,000

Est. 419% increase in value since last sale

Current estimated payment $3,824/month

265 Days on Market

Highlights

  • 15 Acre Lot
  • Wooded Lot
  • No HOA

About This Lot

As of January 2024

Sale of buyers property fell through and we are back on the market. 15 acres with no restrictions! This land consists of 3 separate parcels with 3 separate addresses. 3.45 acres, 3.46 acres and 8.22 acres making up just over 15 total acres. If you are looking for privacy or maybe wanting to have 3 separate homes with land, this is ready to go. Centrally located on the Citrus / Marion county line making it an easy drive to Ocala. Feel free to drive by and take a look at the property.

Last Agent to Sell the Property

Robert Ash

ERA American Suncoast Realty License #3093962 Listed on: 03/22/2023

Last Buyer's Agent

Mike Orlito

RE/MAX Realty One License #3201786

RE/MAX Realty One

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $292

Lot Details

  • 15 Acre Lot
  • Wooded Lot
  • Additional Parcels
  • Property is zoned CLRMH

Schools

  • Central Ridge Elementary School
  • Citrus Springs Middle School
  • Citrus High School

Utilities

  • Well Required
  • Septic Needed

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$292

Lot Details

0

Listing Details

  • Directions: Hwy 200 North to Right on E Stokes Ferry Rd (next to Red's Restaurant) Left on E River Rd. Land on Right.
  • Lot Size Acres: 15.0
  • Property Sub Type: Unimproved Land
  • Property Sub Type Additional: Unimproved Land
  • Prop. Type: Land
  • Road Surface Type: Paved, Unimproved
  • Subdivision Name: Not on List
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Agricultural, Single Family

Exterior Features

  • Lot Features: Acreage, Wooded
  • Waterfront: No

Utilities

  • Sewer: Septic Needed
  • Water Source: Well Needed

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Central Ridge Elementary
  • High School: Citrus High
  • Middle Or Junior School: Citrus Springs Middle

Lot Info

  • Additional Parcels Description: 1706033, 1706041
  • Additional Parcels: Yes
  • Lot Size Sq Ft: 653400.0
  • Zoning: CLRMH
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 292.24
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2023
Closed on
Jan 17, 2024
Sold by
Boostani Hooshang
Bought by
Belcher Clifford L and Belcher Kristy L
Seller's Agent
Robert Ash
ERA American Suncoast Realty
Buyer's Agent
Mike Orlito
RE/MAX Realty One
List Price
$175,000
Sold Price
$135,000
Premium/Discount to List
-$40,000
-22.86%
Views
335
Current Estimated Value
$700,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$565,000
Avg. Annual Appreciation
134.61%

Purchase Details

Closed on
Jul 11, 2005
Sold by
Parker Robert S and Parker Frances D
Bought by
B33stan2 Hooshang

Purchase Details

Closed on
Nov 1, 1976
Bought by
Boostani Hooshang
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Belcher Clifford L $135,000 American Title Services
B33stan2 Hooshang $85,000 Citrus Land Title
Boostani Hooshang $7,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2024 01/17/24 Sold $135,000 -9.9% --
12/13/2023 12/13/23 Pending -- -- --
08/21/2023 08/21/23 Price Changed $149,900 -14.3% --
04/24/2023 04/24/23 For Sale $175,000 0.0% --
04/04/2023 04/04/23 Pending -- -- --
03/22/2023 03/22/23 For Sale $175,000 -- --
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
2025 $1,752 $185,440 $181,580 $3,860
2024 $345 $124,870 $121,060 $3,810
2023 $345 $22,450 $22,450 $0
2022 $292 $17,610 $17,610 $0
2021 $315 $23,550 $23,550 $0
2020 $257 $15,070 $15,070 $0
2019 $258 $15,070 $15,070 $0
2018 $239 $13,420 $13,420 $0
2017 $284 $16,010 $16,010 $0
2016 $294 $16,010 $16,010 $0
2015 $324 $17,470 $17,470 $0
2014 $334 $17,425 $17,425 $0
Source: Public Records

Agents Affiliated with this Home

  • Robert Ash

    Seller's Agent in 2024

    Robert Ash

    ERA American Suncoast Realty

    (352) 228-9408

    8 in this area

    99 Total Sales

    Robert Ash
    Section Image
  • Mike Orlito

    Buyer's Agent in 2024

    Mike Orlito

    RE/MAX

    (352) 257-5375

    4 in this area

    188 Total Sales

    Mike Orlito
    Section Image
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Map

Source: REALTORS® Association of Citrus County

MLS Number: 822344

REALTORS® Association of Citrus County

APN: 20E-17S-30-0000-21300

Florida Citrus County Hernando 34442

5642 E River Rd, Hernando, FL

Not Listed for Sale

Lots

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