NOT LISTED FOR SALE

Inverness, FL 34450

Estimated Value: $980,000 - $1,553,533

5 Beds
5.5 Baths
5,000 Sq Ft
$252/Sq Ft Est. Value

Last Sold August 15, 2019

Last sale price $900,000 $180 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $7,969/month

315 Days on Market

Highlights

  • Lake Front
  • Updated Kitchen
  • Lake Privileges
  • In Ground Pool
  • 2.62 Acre Lot
  • Vaulted Ceiling

About This Home

As of August 2019

Designated a Historical structure by City of Inverness, this magnificent waterfront estate, built in 1926 by noted engineer Jules Breuchaud, is currently offered for sale. Recent remodel/addition is now complete with a massive 2 story Master suite, patio area and oversize swimming pool. Attachments to listing include a letter from Building Dept. on permitted uses, to include a Bed & Breakfast. Also on attachment are room dimensions. Property includes a two story carriage house with apartment upstairs (original) and garage/carport below. Property is zoned RU3 which permits additional residential units for development, 10 per acre, subject to setbacks, engineering, and conforming uses. Main house could be used for a B & B, and special event location such as weddings. Premier location on Lake Henderson would be very attractive for further residential development, such as Townhomes/Villas.

Last Agent to Sell the Property

Brad Gibbs

Coldwell Banker Investors Realty License #3181054 Listed on: 09/04/2018

Coldwell Banker Investors Realty

Last Buyer's Agent

Leslie Landham

RE/MAX Foxfire - HWY 40 License #3051647

RE/MAX Foxfire - HWY 40

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,362

Year Built

  • Built in 1926

Lot Details

  • 2.62 Acre Lot
  • Lot Dimensions are 332x500
  • Lake Front
  • Home fronts a seawall
  • Property fronts a county road
  • South Facing Home
  • Fenced Yard
  • Landscaped
  • Property is zoned LMD

Parking

  • 4 Car Detached Garage
  • Detached Carport Space
  • Parking Pad
  • Circular Driveway
  • Parking Garage Space

Home Design

  • Mediterranean Architecture
  • Block Foundation
  • Slab Foundation
  • Tile Roof
  • Ridge Vents on the Roof
  • Stucco

Interior Spaces

  • 5,000 Sq Ft Home
  • Multi-Level Property
  • Elevator
  • Wet Bar
  • Bookcases
  • Bar Fridge
  • Beamed Ceilings
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Casement Windows
  • Lake Views
  • Fire and Smoke Detector
  • Laundry in unit

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Double Oven
  • Gas Cooktop
  • Range Hood
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Concrete
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite

Outdoor Features

  • In Ground Pool
  • Lake Privileges
  • Exterior Lighting
  • Office or Studio
  • Separate Outdoor Workshop
  • Shed

Schools

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

Utilities

  • Central Heating
  • Programmable Thermostat
  • Water Heater

Community Details

Overview

  • No Home Owners Association
  • Town Of Inverness Subdivision

Amenities

  • Shops
  • Laundry Facilities

Recreation

  • Community Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,362

Year Built

Built in 1926

Lot Details

2.62 Acres

Parking

4

Listing Details

  • Architectural Style: Mediterranean, Multi-Level
  • Carport Y N: Yes
  • Directions: Hwy 44 to N. Apopka, N to right on Vine to gate on left.
  • Water Frontage Type: Lakefront, Waterfront
  • Garage Yn: Yes
  • Lot Size Acres: 2.62
  • Lot Size: 332x500
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Subdivision Name: Town of Inverness
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Appliances: Bar Fridge, Double Oven, Gas Cooktop, Disposal, Refrigerator, Range Hood, Water Heater
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Concrete, Ceramic Tile
  • Interior Amenities: Beamed Ceilings, Wet Bar, Bookcases, Eat-in Kitchen, Elevator, Fireplace, High Ceilings, In-Law Floorplan, Pantry, Stone Counters, Updated Kitchen, Vaulted Ceiling(s), Walk-In Closet(s), Wood Cabinets, First Floor Entry, Programmable Thermostat
  • Living Area: 5000.0
  • Spa Features: Community
  • Window Features: Casement Window(s)

Exterior Features

  • Construction Type: Stucco
  • Direction Faces: South
  • Exterior Features: Landscaping, Lighting, Blacktop Driveway, Circular Driveway
  • Fencing: Yard Fenced
  • Foundation Details: Block, Slab
  • Lot Features: Acreage
  • Other Structures: Garage(s), Shed(s), Storage, Studio/Office, Workshop
  • Pool Features: In Ground, Pool
  • Roof: Tile, Ridge Vents
  • View: Lake, Water
  • View: Yes
  • Waterfront Features: Lake Privileges, Seawall, Lake Front, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 4.0
  • Parking Features: Circular Driveway, Detached Carport, Driveway, Detached, Garage, Parking Pad, Carport
  • Total Parking Spaces: 5.0

Utilities

  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: In Unit
  • Security: Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Laundry Facilities, Shopping

Schools

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

Lot Info

  • Zoning: LMD
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 17362.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2018
Closed on
Aug 12, 2019
Sold by
Burman Mark J
Bought by
Ayyathurai Rajinikanth and Rajinikanth Abirami
Seller's Agent
Brad Gibbs
Coldwell Banker Investors Realty
Buyer's Agent
Leslie Landham
RE/MAX Foxfire - HWY 40
List Price
$1,450,000
Sold Price
$900,000
Premium/Discount to List
-$550,000
-37.93%
Current Estimated Value
$1,257,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$357,511
Avg. Annual Appreciation
5.21%
Original Mortgage
$809,910
Outstanding Balance
$706,245
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$551,266

Purchase Details

Closed on
Apr 8, 2005
Sold by
Brunet Armand P and Burnet Revocable Trust
Bought by
Burman Mark J

Purchase Details

Closed on
Nov 21, 2003
Sold by
Brunet Armand P and The Brunet Revocable Trust
Bought by
Croft Vikki Castel and Croft Charles Cleveland
Source: Public Records
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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
Ayyathurai Rajinikanth $900,000 Fidelity Title Services Llc
Burman Mark J $1,050,000 Land Title Insurance Of Citr
Croft Vikki Castel $280,000 American Title Services Of C
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ayyathurai Rajinikanth $809,910
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2019 08/15/19 Sold $900,000 -37.9% $180 / Sq Ft
07/16/2019 07/16/19 Pending -- -- --
09/04/2018 09/04/18 For Sale $1,450,000 -- $290 / Sq Ft
Source: REALTORS® Association of Citrus County

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 $17,107 $848,488 -- --
2024 $16,766 $824,575 -- --
2023 $16,766 $800,558 $0 $0
2022 $15,852 $777,241 $0 $0
2021 $15,292 $754,603 $0 $0
2020 $15,296 $744,184 $156,110 $588,074
2019 $17,334 $776,303 $156,110 $620,193
2018 $16,732 $736,774 $156,110 $580,664
2017 $17,363 $759,676 $156,110 $603,566
2016 $16,244 $708,011 $289,420 $418,591
2015 $17,313 $764,932 $289,440 $475,492
2014 $16,409 $685,900 $292,630 $393,270
Source: Public Records

Agents Affiliated with this Home

  • Brad Gibbs

    Seller's Agent in 2019

    Brad Gibbs

    Coldwell Banker Investors Realty

    (352) 212-5286

    9 in this area

    15 Total Sales

    Brad Gibbs
    Section Image

  • L

    Buyer's Agent in 2019

    Leslie Landham

    RE/MAX

    (352) 422-2382

    64 Total Sales

    Leslie Landham
    Section Image
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Source: REALTORS® Association of Citrus County

MLS Number: 776544

REALTORS® Association of Citrus County

APN: 20E-19S-17-0050-01340-0010

Florida Citrus County Inverness

34450

Not Listed for Sale

Detached

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REALTORS® Association of Citrus County IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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