11951 WICHERS LANE
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 30, 2026 | Sold | ||
| Sold | |||
| Feb 16, 2026 | In contract | - | |
| In contract | |||
| Dec 12, 2025 | Listed by RE/MAX ELITE REALTY | $190,000 | |
| Listed by RE/MAX ELITE REALTY | |||
| Sep 4, 2025 | Price Decreased |
$230,000
↓ $5K
(2.1%) | |
| Price Decreased | |||
| May 11, 2025 | Listed | $235,000 | |
| Listed | |||
| | |||
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Welcome to 11951 Wichers Road – a unique opportunity to own a slice of old Florida charm nestled in the rolling hills of San Antonio. Set on a generous 0.58-acre corner lot, this property is brimming with potential for investors, DIY enthusiasts, or those seeking a quiet, rural retreat just minutes from modern conveniences. Built in 1916, this 1-bedroom, 1-bathroom home spans approximately 1,154 square feet and offers a flexible floor plan that could easily be modified to include a second bedroom or office. The interior features an open living area with large windows that invite in natural light and showcase the peaceful outdoor surroundings. A spacious kitchen with ample cabinet space, a cozy dining area, and an oversized walk-in closet contribute to the functionality of the home. With some vision and renovation, this home could be transformed into a charming country cottage. Outside, the expansive lot provides endless possibilities — whether you're dreaming of a garden oasis, space for recreational vehicles, or building an additional structure. There are no HOA or deed restrictions, giving you the freedom to truly make the space your own. This home offers a tranquil country atmosphere while being just a short drive to I-75, the growing communities of Dade City and Wesley Chapel, and a variety of shopping, dining, and entertainment options. The area is also known for its rolling landscapes, charming downtown, and access to outdoor recreation like hiking, biking, and fishing. It is also conveniently located just five minutes from St. Leo University, so this home could serve as an excellent long-term rental opportunity for students or faculty, or a peaceful residence for anyone who values quick access to campus life while enjoying a rural setting. Whether you're looking to renovate and reside, invest and rent, or build your dream home from the ground up, 11951 Wichers Road presents an affordable and flexible opportunity in one of Pasco County’s most desirable hidden gems.
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About Pasadena Hills
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017