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Crystal River 34428
220 NE 7th Terrace
$97,500
● House - Off Market

220 NE 7th Terrace

Crystal River, FL 34428
bedrooms
2 Beds
bathrooms
1 Bath
square feet
660 Ft²
$633
Est. Monthly
16.85%
Cap Rate

About This Property

The world is your oyster in this 2 bedroom 1 bath home in the heart of downtown Crystal River.  This cottage has so much potential!  Additional 1.5 lots in rear.  Walk or golf cart around this fabulous city, you are so close to shops, restaurants, and bars.  The beautiful Crystal River waterfront is just a few blocks away.  Rent a kayak and watch the manatees play.  Don't delay!  This fixer-upper is just the project you've been waiting to find!

*** power is not on.  Appliances in the home are included with the sale, but seller has no knowledge of their working condition.  Buyer and buyers agent to do their own due diligence.
Unit Size
660 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$144
Property Type
House
Property Taxes
$166
HOA Dues
-
Year Built
1955

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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 (Citrus MLS #837668)

Price History

Date / Event Date Event Price
Oct 24, 2024 Sold
Premium
Sold
Oct 1, 2024 In contract -
In contract
Sep 20, 2024 Listed by Meek Real Estate $95,000
Listed by Meek Real Estate
Jan 28, 2003 Sold
Premium
Sold
Nov 1, 2000 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1965
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 28
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 11
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 2
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 220
  • Parking Space Count: 1
  • Patio Type: 92
  • Porch Type: 53
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,310
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 220
  • Total Building Area: 660
  • Gross Building Area: 777
  • Building Area: 660
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 660
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAYVIEW HOMES CO`S SIX ACRES
  • Land Acres: 0000000283
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: BAYVIEW HOMES CO 6 ACRES SUB LOTS 17 & 24 & W1/2 OF LOTS 16 & 25

Neighborhood

  • School District Name: Citrus County School District
  • School Tax School District: 000R
  • Census Tract: 450305

Zoning

  • Zoning: R3

Geography

  • Account Number: 1073162
  • Parcel: 17E-18S-21-0040-00000-0170
  • Lot: 17
  • Meridian: SEC 21 TWN 18S RNG 17E
  • Municipality: CITY OF CRYSTAL RIVER
  • Latitude: 28.9012
  • Longitude: -82.5899

    Address

  • Full Address: 220 Ne 7th Ter
  • Address - House Number: 220
  • Street Direction: NE
  • Address - Street Name: 7th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Crystal River
  • Carrier Code: C001
  • 4-Digit Zip Code: 3520
  • Zip Code: 34428

Valuation

    Tax

  • Total Area: 1,045
  • Tax Year: 2023
  • Tax Amount: $199,103
  • Tax Rate Code Area: 000R

    Appraisal Valuation

  • Standard Deviation: 0.2391
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 66
  • Final Value: 123,131
  • High Value: 152,575
  • Low Value: 93,686

    Market Valuation

  • Market Total Value: $94,873
  • Market Land Value: $8,880
  • Market Improvement Value: $85,993

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $94,873
  • Assessed Land Value: $8,880
  • Assessed Improvements Value: $85,993

    Sales

  • Current Sale Contract Date: Jan 21, 2003
  • Current Sale Recording Date: Jan 28, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2003004787
  • Previous Sale Recording Date: Nov 01, 2000
  • Previous Sale Contract Date: Nov 01, 2000
  • Previous Sale Amount: $100
  • Previous Sale Document Type: 27
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 Crystal River

Stats & Trends

Median Asking:

$432,500

Sale Price/ft²

$263

Below Asking

0.04%

Average Days on Market

107

Average Home Size

2053 ft²

Average Home Age

48 years

Currently For Sale

56 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

Unit for rent at 1920 Nw 12th Avenue, CRYSTAL RIVER, FL, 34428

$1,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,100 ft²
1920 Nw 12th Avenue #A, CRYSTAL RIVER, FL, 34428 Listing by Michael Brown

Rentals Near You

Click here to view more rentals in the neighborhood.
CitrusMLS

Listed by: Amy Meek, Meek Real Estate
Last Updated: 3 years ago
Data Source: Citrus MLS, MLS# 837668
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.

Frequently Asked Questions

When was property at 220 Northeast 7th Terrace built and last sold?
The property at 220 Northeast 7th Terrace was built in 1955 and last sold on Jan 21, 2003 for $27,500.
How much is this home worth?
The estimated value of the home located at 220 Northeast 7th Terrace is $0.
What are some comparable homes to 220 Northeast 7th Terrace?
There are currently no comparable homes to 220 Northeast 7th Terrace.
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