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Spring Hill 34608 Spring Hill
2484 Magellan AVENUE
$30,000
● Land - Off Market

2484 Magellan AVENUE

SPRING HILL, FL 34608
bedrooms
Studio
bathrooms
0 Bath
$35,829
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Come build your DREAM HOME on this 10,000 sq ft lot! PERFECT location in 34608 close to great schools, restaurants, & shops!
Unit Size
-
Days on Market
50 days
Land Size
0.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
$22
HOA Dues
-
Year Built
-

Payment Calculator

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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 #W7834406)

Price History

Date / Event Date Event Price
Oct 24, 2023 Sold
Premium
Sold
Aug 3, 2021 Sold
Premium
Sold
Jun 3, 2021 Listed by SANDPEAK REALTY $31,000
Listed by SANDPEAK REALTY

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: 10,000
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 800
  • 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: SPRING HILL UN 9
  • Land Acres: 0000000230
  • Standard Land Use Code: 8001
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: SPRING HILL UNIT 9 BLK 562 LOT 4

Neighborhood

  • School District Name: Hernando County School District
  • School Tax School District: 1,36,48
  • Census Tract: 041106

Geography

  • Assessors Map Reference: MAP: 44C
  • Account Number: 00497563
  • Parcel: R32-323-17-5090-0562-0040
  • Block: 562
  • Lot: 4
  • Meridian: SEC 32 TWN 23S RNG 17E
  • Municipality: HILLSBOROUGH BASIN EMS
  • Latitude: 28.4733
  • Longitude: -82.5434

    Address

  • Full Address: 2484 Magellan Ave
  • Address - House Number: 2484
  • Address - Street Name: Magellan
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Spring Hill
  • Carrier Code: R083
  • 4-Digit Zip Code: 4358
  • Zip Code: 34608

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $48,590
  • Tax Rate Code Area: CW-ES

    Market Valuation

  • Market Total Value: $29,000
  • Market Land Value: $29,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,850

    Sales

  • Current Sale Contract Date: Oct 12, 2023
  • Current Sale Recording Date: Oct 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 68137
  • Previous Sale Recording Date: Aug 03, 2021
  • Previous Sale Contract Date: Jul 23, 2021
  • Previous Sale Amount: $30,000
  • 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 Spring Hill

Stats & Trends

Median Asking:

$318,000

Sale Price/ft²

$190

Below Asking

0.02%

Average Days on Market

69

Average Home Size

1895 ft²

Average Home Age

27 years

Currently For Sale

801 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 12258 Foothill Street, SPRING HILL, FL, 34609

$1,250 /mo

  • 2 Beds
  • 1 Bath
  • 848 ft²
12258 Foothill Street, SPRING HILL, FL, 34609 Listing by Jobe Peterson
Unit for rent at 4400 Millwood Road, SPRING HILL, FL, 34608

$1,225 /mo

  • 2 Beds
  • 1 Bath
  • 864 ft²
4400 Millwood Road #E, SPRING HILL, FL, 34608 Listing by Meagan Varson

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: John Collura
SANDPEAK REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# W7834406
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 2484 Magellan Avenue built and last sold?
The property at 2484 Magellan Avenue was built in and last sold on Oct 12, 2023 for $450,000.
How much is this home worth?
The estimated value of the home located at 2484 Magellan Avenue is $31,310.
What are some comparable homes to 2484 Magellan Avenue?
There are currently no comparable homes to 2484 Magellan Avenue.
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