NOT LISTED FOR SALE

8512 E Gospel Island Rd Inverness, FL 34450

Estimated Value: $456,344 - $535,000

4 Beds
3.5 Baths
2,271 Sq Ft
$214/Sq Ft Est. Value

Last Sold April 06, 2022

Last sale price $450,000 $198 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,897/month

123 Days on Market

Highlights

  • Lake Front
  • In Ground Pool
  • Shed
  • Docks
  • No HOA
  • Central Air

About This Home

As of April 2022

Attention Waterfront enthusiasts, bed and breakfast entrepreneurs, air b&b superstars and local historians! This is the one you have been waiting for! The Historic Dorian lodge is available and will not last! From the Minute you enter this priceless masterpiece you will feel the the love and history that makes this home so special. 4 bedrooms along with 3 full baths and one half bath. This tri-level home has been updated through the years but still maintains its southern charm. Real and original hard wood floors in the main part of the house, lots of beautiful original wood throughout as well as tons of storage. Master bedroom on lower level and 3 bedrooms and 2 baths upstairs. Multiple entrances including an upstairs balcony entrance that enables the possibility of an absolutely perfect short or long term rental for part of the home. Outside you will find a tropical oasis style pool with waterfall, separate covered hot tub and tiki bar! It honestly feels like paradise and you will never want to leave home! In the oversized yard you will find a Large detached metal garage/shop along with multiple other structures for outside storage. This home sits on the peaceful shores of Big lake Henderson. This lake offers amazing fishing, boating, wakeboarding, swimming and more. From your dock take the boat to the local waterfront pub and grill or dock at the local park in town and walk the shops and explore historic downtown! Priced to sell and wont last. Boat tour available!

Last Agent to Sell the Property

John Holloway

The Holloway Group License #3051065 Listed on: 11/09/2021

Last Buyer's Agent

Bruce Brunk

Keller Williams Realty - Elite Partners II License #3138787

Keller Williams Realty - Elite Partners II

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,869

Year Built

  • Built in 1936

Lot Details

  • 0.56 Acre Lot
  • Lake Front
  • Home fronts a seawall
  • Property fronts a county road
  • Privacy Fence
  • Wood Fence
  • Chain Link Fence
  • Irregular Lot
  • Property is zoned CLR

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,271 Sq Ft Home
  • Multi-Level Property
  • Carpet

Kitchen

  • Electric Oven
  • Electric Range

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • Paved Parking
  • Parking Garage Space

Outdoor Features

  • In Ground Pool
  • Docks
  • Shed

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Water Softener is Owned
  • Septic Tank

Community Details

  • No Home Owners Association
  • Point O Woods Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,869

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Architectural Style: Multi-Level
  • Carport Y N: No
  • Directions: N Apopka Ave , right onto Vine St, keep left onto e Gospel Island Rd, home on right.
  • Water Frontage Type: Lakefront, Waterfront
  • Garage Yn: No
  • Lot Size Acres: 0.56
  • New Construction: No
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: County Road
  • Subdivision Name: Point O Woods
  • Year Built: 1936
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Appliances: Electric Oven, Electric Range, Refrigerator, Water Softener Owned
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Carpet
  • Living Area: 2271.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Frame
  • Fencing: Chain Link, Privacy, Wood
  • Lot Features: Irregular Lot
  • Other Structures: Garage(s), Shed(s)
  • Pool Features: In Ground, Pool
  • Roof: Metal
  • Waterfront Features: Boat Dock/Slip, Seawall, Lake Front, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Paved

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • 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: 24500.0
  • Zoning: CLR
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1869.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2017
Closed on
Jun 28, 2018
Sold by
Witt Gary E
Bought by
Dunham David D and Dunham Susan L
Seller's Agent
Terriann Stewart
Tropic Shores Realty
Buyer's Agent
Terriann Stewart
Tropic Shores Realty
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%
Current Estimated Value
$486,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,836
Avg. Annual Appreciation
10.17%
Original Mortgage
$215,000
Outstanding Balance
$186,742
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$300,094

Purchase Details

Closed on
Jan 20, 2017
Sold by
Gustafson Marilyn S
Bought by
Witt Gary E

Purchase Details

Listed on
Dec 21, 2012
Closed on
Feb 28, 2013
Sold by
Federal National Mortgage Association
Bought by
Gustafson Marilyn
Seller's Agent
Tomika Spires-Hanssen
Keller Williams Realty - Elite Partners II
Buyer's Agent
Vicki Love
Landmark Realty
List Price
$11,490
Sold Price
$100,000
Premium/Discount to List
$88,510
770.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.35%

Purchase Details

Closed on
Dec 28, 2012
Sold by
Brennan James Edward and Bernnnan Raynae H
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 1, 2012
Bought by
Witt Gary E

Purchase Details

Closed on
Sep 25, 2012
Sold by
Brennan Raynae H and Brennan James Edward
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 13, 2012
Sold by
Brennan Raynae H and Brennan James Edward
Bought by
Aurora Loan Services Inc

Purchase Details

Closed on
Sep 1, 2012
Bought by
Witt Gary E

Purchase Details

Closed on
Oct 20, 2003
Sold by
Waltz Pamela J and Waltz Randy
Bought by
Roberts Walter H and Roberts Joanne

Purchase Details

Closed on
Sep 10, 2002
Sold by
Jarosik Thomas J and Jarosik Susan C
Bought by
Waltz Pamela J

Purchase Details

Closed on
Feb 1, 1982
Bought by
Witt Gary E
Source: Public Records

Range of Values:

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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
Dunham David D $240,000 Fidelity Title Services Llc
Witt Gary E $50,000 Attorney
Gustafson Marilyn $100,000 Oak Ridge Title Inc
Federal National Mortgage Association -- None Available
Witt Gary E $100 --
Federal National Mortgage Association -- None Available
Aurora Loan Services Inc $36,100 None Available
Witt Gary E $100 --
Roberts Walter H $285,000 First Title Company Inc
Waltz Pamela J $230,000 --
Witt Gary E $48,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dunham David D $215,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/06/2022 04/06/22 Sold $450,000 -14.3% $198 / Sq Ft
03/12/2022 03/12/22 Pending -- -- --
11/09/2021 11/09/21 For Sale $524,900 +118.7% $231 / Sq Ft
06/28/2018 06/28/18 Sold $240,000 -4.0% $109 / Sq Ft View Prior Sale
05/29/2018 05/29/18 Pending -- -- --
10/27/2017 10/27/17 For Sale $250,000 +150.0% $113 / Sq Ft
02/28/2013 02/28/13 Sold $100,000 +770.3% $45 / Sq Ft View Prior Sale
01/29/2013 01/29/13 Pending -- -- --
12/20/2012 12/20/12 For Sale $11,490 -- $5 / 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 $3,796 $291,936 -- --
2023 $3,796 $283,433 $63,900 $219,533
2022 $2,011 $168,418 $0 $0
2021 $1,929 $163,513 $0 $0
2020 $1,869 $161,255 $28,660 $132,595
2019 $1,977 $166,648 $28,660 $137,988
2018 $2,111 $134,716 $26,020 $108,696
2017 $809 $87,143 $26,020 $61,123
2016 $811 $85,351 $17,070 $68,281
2015 $817 $84,758 $17,070 $67,688
2014 $712 $77,250 $17,512 $59,738
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Citrus County

MLS Number: 807057

REALTORS® Association of Citrus County

APN: 20E-19S-03-0100-00000-0060