NOT LISTED FOR SALE

7478 Mead Dr Spring Hill, FL 34606

Estimated Value: $335,338 - $358,000

4 Beds
4 Baths
2,080 Sq Ft
$166/Sq Ft Est. Value

Last Sold December 27, 2024

Last sale price $348,000 $167 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,220/month

59 Days on Market

Highlights

  • No HOA
  • 2 Car Attached Garage
  • High Speed Internet
  • Family Room Off Kitchen
  • Central Heating and Cooling System

About This Home

As of December 2024

This property is calling all Investors and Buyers! With the limited duplex inventory in Spring Hill, this by far will exceed your expectations! If you have been looking for a turn key income producing duplex you found the perfect one! This property has 2 long term tenants in place, currently month to month. Each unit is a 2/2/1. Purchase today and have it income producing from day 1! The perfect investment for your portfolio, live on one side and rent the other, or make it a generational home. Call today to schedule your private home tour.

Last Agent to Sell the Property

MELISSA LOPES

RE/MAX ALLIANCE GROUP Brokerage Phone: 941-954-5454 License #3333334 Listed on: 10/05/2024

RE/MAX ALLIANCE GROUP

Last Buyer's Agent

Arik Simonsen

CHARLES RUTENBERG REALTY INC License #3469215

CHARLES RUTENBERG REALTY INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,037

Year Built

  • Built in 1979

Lot Details

  • 10,263

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Block Foundation
  • Shingle Roof
  • Concrete Siding

Interior Spaces

  • 2,080 Sq Ft Home
  • Family Room Off Kitchen
  • Laundry in Garage

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating and Cooling System
  • High Speed Internet

Additional Features

  • Exterior Lighting
  • 10,263 Sq Ft Lot

Community Details

  • No Home Owners Association
  • 2,752 Sq Ft Building
  • Spring Hill Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,037

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Concrete
  • Fireplace: No
  • Living Area: 2080
  • Lot Size Acres: 0.24
  • New Construction: No
  • Year Built: 1979
  • Building Area Total: 2752
  • Lot Size Sq Ft: 10263
  • Status: Sold
  • Ownership: Fee Simple
  • Building Area Total Srch Sq M: 255.67
  • Escrow City: Spring Hill, FL
  • Escrow State: FL
  • Escrow Street Name: Lake in the Woods Dr.
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 167.31
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 0
  • MFR_DockYN: 0
  • Attribution Contact: 941-954-5454
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Kitchen/Family Room Combo
  • Foundation Details: Block
  • Total Bedrooms: 4
  • Living Area Meters: 193.24

Exterior Features

  • Exterior Features: Lighting
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12053C0304D

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Utilities: BB/HS Internet Available
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: PDP
  • Parcel Number: R32-323-17-5030-0153-0100
  • Additional Parcels: No
  • Property Attached Yn: Yes
  • Flood Zone Code: X

Rental Info

  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: Buyer(s)/Buyer(s) agent(s) Please review with Hernando County for all rent restrictions and requirements.
  • Terms Of Lease: Gross Lease

Multi Family

  • Number Of Units Total: 2
  • Total Num Buildings: 1
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 4037
  • Tax Block: 153
  • Tax Book Number: 7-80
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2024
Closed on
Dec 23, 2024
Sold by
Scrimulous Llc
Bought by
Crepe & Co Llc
Seller's Agent
MELISSA LOPES
RE/MAX ALLIANCE GROUP
Buyer's Agent
Arik Simonsen
CHARLES RUTENBERG REALTY INC
List Price
$265,000
Sold Price
$348,000
Premium/Discount to List
$83,000
31.32%
Views
66
Current Estimated Value
$344,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,415
Avg. Annual Appreciation
-0.90%
Original Mortgage
$258,750
Outstanding Balance
$256,273
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$88,313

Purchase Details

Closed on
Dec 4, 2020
Sold by
Pape Christopher P and Pape Brittany V
Bought by
Scrimulous Llc

Purchase Details

Closed on
Sep 11, 2020
Sold by
Pape Robin A and Trust Aggrement Between Establ
Bought by
Pape Christopher P and Pape Brittany V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 1996
Sold by
Downey Robert T and Jean Downey M
Bought by
Downey Robert T and Jean Downey M
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
Crepe & Co Llc $348,000 Capital Title
Crepe & Co Llc $348,000 Capital Title
Scrimulous Llc -- None Available
Pape Christopher P $174,000 Attorney
Downey Robert T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crepe & Co Llc $258,750
Closed Crepe & Co Llc $258,750
Previous Owner Pape Christopher P $130,500
Previous Owner Downey Robert T $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2024 12/27/24 Sold $348,000 -4.7% $167 / Sq Ft
12/03/2024 12/03/24 Pending -- -- --
11/20/2024 11/20/24 Price Changed $365,000 -1.4% $175 / Sq Ft
10/05/2024 10/05/24 Price Changed $370,000 +39.6% $178 / Sq Ft
10/05/2024 10/05/24 For Sale $265,000 -- $127 / Sq Ft
Source: Stellar MLS

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 $5,157 $267,107 $37,460 $229,647
2024 $4,037 $183,193 -- --
2023 $4,037 $166,539 $0 $0
2022 $3,523 $151,399 $0 $0
2021 $2,259 $137,635 $12,316 $125,319
2020 $2,670 $128,745 $11,802 $116,943
2019 $2,503 $107,685 $10,263 $97,422
2018 $1,399 $107,468 $9,750 $97,718
2017 $1,645 $72,272 $9,237 $63,035
2016 $1,583 $69,993 $0 $0
2015 $1,487 $63,630 $0 $0
2014 $1,467 $63,523 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: TB8309825

Stellar MLS

APN: R32-323-17-5030-0153-0100