NOT LISTED FOR SALE

7505 E Gospel Island Rd Inverness, FL 34450

Estimated Value: $290,000 - $310,000

3 Beds
2 Baths
1,564 Sq Ft
$192/Sq Ft Est. Value

Last Sold September 01, 2023

Last sale price $318,000 $203 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $1,783/month

4 Days on Market

Highlights

  • Primary Bedroom Suite
  • Cathedral Ceiling
  • Fenced Yard
  • Open Floorplan
  • No HOA
  • Separate Outdoor Workshop

About This Home

As of September 2023

It's a rare find to discover a home that checks all the boxes, but this one truly does. You'll be surrounded by comfort, convenience, and the satisfaction of knowing you've found the perfect place to call your own. This home is a perfect blend of charm and functionality, catering to all your needs and desires. The open floor plan creates a welcoming and inviting atmosphere, ideal for entertaining and daily living. The large kitchen and dining room provide the perfect space for preparing delicious meals and enjoying memorable gatherings with loved ones. There is ample storage, ensuring that all your belongings have their designated spaces, keeping the space open and clean to appreciate the design of the home. However, that's just the beginning! Step outside, and you'll be equally delighted. The exterior offers even more possibilities for enjoyment and relaxation. From a screened in lanai, adjacent patio area with a flower garden, a fire pit for cozy evenings and gatherings and a fully fenced in yard!. And for the do-it-yourself enthusiasts, a workshop awaits you! Whether you're working on creative projects or pursuing your hobbies, this space is tailored to suit your needs, providing a 12x24 workshop with 220 amp electric, 24x18 carport and a 12x24 lean to. With its thoughtful design, practicality, and warm ambiance, this home is ready to embrace you and your family, creating memories that will last a lifetime.

Last Agent to Sell the Property

Lindsey Mounsey

Century 21 J.W.Morton R.E. License #3336257 Listed on: 07/28/2023

Century 21 J.W.Morton R.E.

Last Buyer's Agent

Suzanne Smith

Trotter Realty License #3130089

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,025

Year Built

  • Built in 1986

Lot Details

  • 0.63 Acre Lot
  • Property fronts a county road
  • Fenced Yard
  • Chain Link Fence
  • Landscaped
  • Level Lot
  • Cleared Lot
  • Property is zoned CLR

Parking

  • 2 Car Attached Garage
  • Attached Carport
  • Driveway

Home Design

  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,564 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Blinds
  • French Doors
  • Ceramic Tile Flooring
  • Laundry in Garage

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Oven
  • Electric Cooktop
  • Built-In Microwave
  • Dishwasher
  • Laminate Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 2 Full Bathrooms
  • Shower Only
  • Separate Shower

Outdoor Features

  • Separate Outdoor Workshop
  • Outdoor Storage

Schools

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

Utilities

  • Central Heating and Cooling System
  • Well
  • Water Purifier is Owned
  • Septic Tank

Community Details

  • No Home Owners Association
  • Archwood Est. Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,025

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Architectural Style: Ranch, One Story
  • Carport Y N: Yes
  • Directions: N. Apopka, Right on Vine, turns into Gospel Island Rd. Home on left, See sign.
  • Garage Yn: Yes
  • Unit Levels: One
  • Lot Size Acres: 0.63
  • New Construction: No
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: County Road
  • Building Stories: 1
  • Subdivision Name: Archwood Est.
  • Year Built: 1986
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Microwave Hood Fan, Microwave, Water Purifier Owned
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Flooring: Ceramic Tile
  • Interior Amenities: Breakfast Bar, Cathedral Ceiling(s), Eat-in Kitchen, Laminate Counters, Master Suite, Open Floorplan, Shower Only, Separate Shower, Walk-In Closet(s), French Door(s)/Atrium Door(s)
  • Living Area: 1564.0
  • Window Features: Blinds
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Frame, Vinyl Siding
  • Exterior Features: Landscaping, Concrete Driveway
  • Fencing: Chain Link, Yard Fenced
  • Lot Features: Cleared, Flat
  • Other Structures: Storage, Workshop
  • Pool Features: None
  • Roof: Asphalt, Shingle
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached Carport, Attached, Concrete, Driveway, Garage, Carport
  • Total Parking Spaces: 3.0

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: In Garage
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 27500.0
  • Zoning: CLR
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1024.7
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2023
Closed on
Aug 31, 2023
Sold by
Dooley Walter E and Dooley Jeanne C
Bought by
Mckibbin Matthew
Seller's Agent
Lindsey Mounsey
Century 21 J.W.Morton R.E.
Buyer's Agent
Suzanne Smith
Trotter Realty
List Price
$329,900
Sold Price
$318,000
Premium/Discount to List
-$11,900
-3.61%
Total Days on Market
4
Views
52
Current Estimated Value
$300,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,817
Avg. Annual Appreciation
-3.22%
Original Mortgage
$286,200
Outstanding Balance
$281,301
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$18,882

Purchase Details

Closed on
Nov 10, 2016
Sold by
Dooley Walter E and Dooley Jeanne C
Bought by
Dooley Walter E and Dooley Jeanne C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,800
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 20, 2013
Closed on
Jan 14, 2014
Sold by
Delaney Chandra and Estate Of John A Delaney
Bought by
Dooley Jeanne C
Seller's Agent
Gitta Barth
Coldwell Banker Investors Realty
Buyer's Agent
Sheila Bensinger
Landmark Realty
List Price
$86,000
Sold Price
$83,000
Premium/Discount to List
-$3,000
-3.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.94%

Purchase Details

Closed on
Mar 13, 2003
Sold by
Calogeras Georgia
Bought by
Delaney John A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,000
Interest Rate
6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 1, 1986
Bought by
Dooley Walter E and Dooley Jeanne C
Source: Public Records

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Range of Values:

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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
Mckibbin Matthew $318,000 First International Title
Dooley Walter E $45,500 Greenleaf Title Llc
Dooley Jeanne C $83,000 First International Title In
Delaney John A $86,000 American Title Services Inc
Dooley Walter E $72,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckibbin Matthew $286,200
Previous Owner Dooley Walter E $132,000
Previous Owner Dooley Jeanne D $100,000
Previous Owner Dooley Walter E $92,800
Previous Owner Dooley Jeanne C $83,000
Previous Owner Delaney John A $69,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2023 09/01/23 Sold $318,000 -3.6% $203 / Sq Ft
08/02/2023 08/02/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $329,900 +297.5% $211 / Sq Ft
01/14/2014 01/14/14 Sold $83,000 -3.5% $53 / Sq Ft
12/20/2013 12/20/13 For Sale $86,000 -- $55 / 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 $1,175 $189,948 -- --
2023 $1,175 $108,365 $0 $0
2022 $1,025 $100,034 $0 $0
2021 $982 $97,120 $0 $0
2020 $918 $125,175 $9,070 $116,105
2019 $900 $112,538 $9,070 $103,468
2018 $869 $97,722 $9,070 $88,652
2017 $860 $89,990 $9,070 $80,920
2016 $864 $88,139 $9,070 $79,069
2015 $600 $65,936 $9,070 $56,866
2014 $1,282 $70,910 $9,915 $60,995
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Citrus County

MLS Number: 825834

REALTORS® Association of Citrus County

APN: 20E-19S-04-0000-2B000-030A