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Citrus 34429
394 N MICHAELMAS Terrace
$122,000
● House - Off Market

394 N MICHAELMAS Terrace

Cedar Key, FL 34429
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,596 Ft²
$172,422
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model
Unit Size
1,596 Ft²
Days on Market
-
Land Size
-
Price per sqft
$76
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1974

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 years ago (Real MLS #1052917)

Price History

Date / Event Date Event Price
May 11, 2020 Sold
Premium
Sold
May 11, 2020 Listed by NON MLS (realMLS) $122,000
Listed by NON MLS (realMLS)
Jan 27, 2005 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 28
  • Exterior Walls Type: 23
  • 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: 1
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 112
  • Pool Type: 8
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 18,536
  • Lot Size Depth Feet: 2,050
  • Lot Size Frontage Feet: 900
  • Total Building Area: 2,016
  • Gross Building Area: 2,294
  • Building Area: 1,596
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 1,596
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOURGLASS LAKE REPLAT
  • Land Acres: 0000000426
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: HOURGLASS LAKE REPLAT PB 7 PG 114 LOT 15 BLK C

Neighborhood

  • School District Name: Citrus County School District
  • School Tax School District: 0000
  • Census Tract: 450502

Zoning

  • Zoning: CLR

Geography

  • Account Number: 1099307
  • Parcel: 17E-18S-33-0070-000C0-0150
  • Block: C
  • Lot: 15
  • Meridian: SEC 33 TWN 18S RNG 17E
  • Municipality: COASTAL RIVERS BASIN
  • Latitude: 28.8677
  • Longitude: -82.5932

    Address

  • Full Address: 394 N Michaelmas Ter
  • Address - House Number: 394
  • Street Direction: N
  • Address - Street Name: Michaelmas
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Crystal River
  • Carrier Code: R010
  • 4-Digit Zip Code: 5324
  • Zip Code: 34429

Valuation

    Tax

  • Total Area: 2,040
  • Tax Year: 2023
  • Tax Amount: $157,784
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 0000

    Appraisal Valuation

  • Standard Deviation: 0.2612
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 62
  • Final Value: 247,090
  • High Value: 311,630
  • Low Value: 182,549

    Market Valuation

  • Market Total Value: $182,786
  • Market Land Value: $12,070
  • Market Improvement Value: $170,716

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $135,272

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 29, 2020
  • Current Sale Recording Date: May 11, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2020024058
  • Previous Sale Recording Date: Jan 27, 2005
  • Previous Sale Contract Date: Jan 11, 2005
  • Previous Sale Amount: $127,500
  • Previous Sale Document Type: 71
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 Citrus

Stats & Trends

Median Asking:

$289,000

Sale Price/ft²

$175

Below Asking

0.03%

Average Days on Market

84

Average Home Size

1832 ft²

Average Home Age

26.2 years

Currently For Sale

1570 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

Rentals Near You

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Real MLS

Listed by: NON MLS (realMLS), NON MLS (realMLS)
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1052917
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. Data is deemed reliable but is not guaranteed accurate by NEFMLS. 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 394 North Michaelmas Terrace built and last sold?
The property at 394 North Michaelmas Terrace was built in 1974 and last sold on Apr 29, 2020 for $122,000.
How much is this home worth?
The estimated value of the home located at 394 North Michaelmas Terrace is $0.
What are some comparable homes to 394 North Michaelmas Terrace?
There are currently no comparable homes to 394 North Michaelmas Terrace.
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