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Black Diamond 34461
3601 W Shadow Creek Loop
$600,000
● House - Off Market

3601 W Shadow Creek Loop

Lecanto, FL 34461
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,663 Ft²
$1,138,369
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model

About This Property

Are you looking for a great opportunity on a million dollar home? Your search has ended! Massive price reduction of $199,000. Fabulous Pete Morey built , custom estate home in Black Diamond Ranch. This meticulously maintained masterpiece was designed for entertaining. Featuring Busby Cabinetry throughout , tile and hardwood floors, designer lighting and plantation shutters, definitely one of Black Diamond's premier properties. Gourmet kitchen equipped with Wolf and Subzero appliances and gorgeous granite counters.The expansive gathering room with its 12 foot ceilings, gas fireplace and inviting bar area is a special evening waiting to happen.
Unit Size
3,663 Ft²
Days on Market
-
Land Size
1.35 acres
Price per sqft
$184
Property Type
House
Property Taxes
$679
HOA Dues
$170
Year Built
2005

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: 12 months ago (Citrus MLS #711375)

Price History

Date / Event Date Event Price
Aug 12, 2016 Sold
Premium
Sold
Jun 24, 2014 Listed by Coldwell Banker Next Generation /Meadow $674,000
Listed by Coldwell Banker Next Generation /Meadow
May 10, 2004 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 25
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 4
  • Floor Count: 100
  • Floor Cover: 2
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 801
  • Parking Space Count: 3
  • Patio Type: 92
  • Porch Type: 53
  • Pool Type: 8
  • Location Influence Type: 101

    Dimensions

  • Lot Size Square Feet: 59,010
  • Lot Size Depth Feet: 2,640
  • Lot Size Frontage Feet: 1,750
  • Total Building Area: 4,455
  • Gross Building Area: 5,007
  • Building Area: 3,654
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 3,654
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BLACK DIAMOND 3RD ADD
  • Land Acres: 0000001355
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: BLACK DIAMOND THIRD ADDN PB 16 PG 91 LOT 26 BLK L

Neighborhood

  • School District Name: Citrus County School District
  • School Tax School District: 000X
  • Census Tract: 450308

Zoning

  • Zoning: PDR

Geography

  • Account Number: 3153092
  • Parcel: 18E-18S-16-0150-000L0-0260
  • Block: L
  • Lot: 26
  • Meridian: SEC 21 TWN 18S RNG 18E
  • Municipality: WITHLACOOCHEE RIVER BASIN
  • Latitude: 28.8978
  • Longitude: -82.497

    Address

  • Full Address: 3601 W Shadow Creek Loop
  • Address - House Number: 3601
  • Street Direction: W
  • Address - Street Name: Shadow Creek
  • Address - Suffix Type: Loop
  • State: FL
  • City Name: Lecanto
  • Carrier Code: H032
  • 4-Digit Zip Code: 6918
  • Zip Code: 34461

Valuation

    Tax

  • Total Area: 5,079
  • Tax Year: 2023
  • Tax Amount: $569,293
  • Tax Rate Code Area: 000X

    Appraisal Valuation

  • Standard Deviation: 0.2333
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 67
  • Final Value: 927,381
  • High Value: 1,143,830
  • Low Value: 710,932

    Market Valuation

  • Market Total Value: $742,270
  • Market Land Value: $62,000
  • Market Improvement Value: $680,270

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $410,674

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 04, 2016
  • Current Sale Recording Date: Aug 12, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016036907
  • Previous Sale Recording Date: May 10, 2004
  • Previous Sale Contract Date: Apr 30, 2004
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: 20
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 Black Diamond

Stats & Trends

Median Asking:

$644,500

Sale Price/ft²

$232

Below Asking

0.05%

Average Days on Market

164

Average Home Size

2495 ft²

Average Home Age

19.9 years

Currently For Sale

25 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 9 Michigan Street, BEVERLY HILLS, FL, 34465

$1,450 /mo

  • 3 Beds
  • 2 Baths
  • 1,294 ft²
9 Michigan Street, BEVERLY HILLS, FL, 34465 Listing by Eric Nathanson
Unit for rent at 3365 N Bent Tree Point, LECANTO, FL, 34461

$3,400 /mo

  • 3 Beds
  • 2 Baths
  • 2,350 ft²
3365 N Bent Tree Point, LECANTO, FL, 34461 Listing by Cheyenne Copeland

Rentals Near You

Click here to view more rentals in the neighborhood.
CitrusMLS

Listed by: Robert Hedick, Coldwell Banker Next Generation /Meadow
Last Updated: 12 months ago
Data Source: Citrus MLS, MLS# 711375
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 3601 West Shadow Creek Loop built and last sold?
The property at 3601 West Shadow Creek Loop was built in 2005 and last sold on Aug 4, 2016 for $600,000.
How much is this home worth?
The estimated value of the home located at 3601 West Shadow Creek Loop is $0.
What are some comparable homes to 3601 West Shadow Creek Loop?
There are currently no comparable homes to 3601 West Shadow Creek Loop.
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