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Hernando 34614 Royal Highlands
16486 Mellon ROAD
$23,000
● Land - Off Market

16486 Mellon ROAD

WEEKI WACHEE, FL 34614
bedrooms
Studio
bathrooms
0 Bath
$25,838
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

ALMOST 3/4 acre in Non flood zone - Get in NOW on this Subdivision action in the BEA-U-tiful Weekie Wachee area. Grab this high & dry private lot now (DON"T delay, they are SELLING out FAST) Beautiful homes being built all throughout, I would definitely get in on the action while you still can.  Now is the time for you to Build your DREAM HOME here TODAY!
Unit Size
-
Days on Market
158 days
Land Size
0.75 acres
Price per sqft
-
Property Type
Land
Property Taxes
$25
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

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%.

How much can I actually make?

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.

Last updated: 3 years ago (Stellar MLS #U8195534)

Price History

Date / Event Date Event Price
Sep 6, 2023 In contract -
In contract
Sep 5, 2023 Sold
Premium
Sold
Mar 31, 2023 Listed by RE/MAX REALTEC GROUP INC $26,000
Listed by RE/MAX REALTEC GROUP INC
Mar 1, 2017 Sold
Premium
Sold
Jul 26, 2010 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,568
  • Lot Size Depth Feet: 2,150
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: ROYAL HIGHLANDS UNIT 8
  • Land Acres: 0000000495
  • Standard Land Use Code: 8001
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: ROYAL HIGHLANDS UNIT 8 BLK 659 LOTS 1 & 2 ORB 2188 PG 1082 ORB 2183 PG 347 & RESOL # 2023-145 DES IN ORB 4319 PG 286

Neighborhood

  • School District Name: Hernando County School District
  • School Tax School District: 36,215
  • Census Tract: 040701

Geography

  • Assessors Map Reference: MAP: 38A
  • Account Number: 00068713
  • Parcel: R01-221-17-3360-0659-0010
  • Block: 659
  • Lot: 1,2
  • Meridian: SEC 01 TWN 21S RNG 17E
  • Municipality: COASTAL RIVER BASIN EMS CRES
  • Latitude: 28.6652
  • Longitude: -82.5326

    Address

  • Full Address: 16486 Margot Rd
  • Address - House Number: 16486
  • Address - Street Name: Margot
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Weeki Wachee
  • Zip Code: 34614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $26,062
  • Tax Rate Code Area: CW-ES

    Market Valuation

  • Market Total Value: $34,905
  • Market Land Value: $34,905

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,160

    Sales

  • Current Sale Contract Date: Mar 01, 2017
  • Current Sale Recording Date: Mar 01, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 26, 2010
  • Previous Sale Contract Date: Jun 21, 2010
  • Previous Sale Amount: $4,500
  • Previous Sale Document Type: 68
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Royal Highlands

Stats & Trends

Median Asking:

$373,950

Sale Price/ft²

$196

Below Asking

0.03%

Average Days on Market

84

Average Home Size

1998 ft²

Average Home Age

4.5 years

Currently For Sale

174 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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STELLAR

Listed by: Jeannette Smith
RE/MAX REALTEC GROUP INC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# U8195534
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. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 16486 Mellon Road built and last sold?
The property at 16486 Mellon Road was built in and last sold on Mar 1, 2017 for $100.
How much is this home worth?
The estimated value of the home located at 16486 Mellon Road is $0.
What are some comparable homes to 16486 Mellon Road?
There are currently no comparable homes to 16486 Mellon Road.
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