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4024 South Floral Terrace

4024 South Floral Terrace, Inverness, FL 34452
Property in Inverness
Sold Apr 30, 2021
$51,000
$55,000 by Regions Bank
Mortgage Due May 01, 2052
Sold Mar 17, 2017
$112,900
$110,854 by Regions Bank
Mortgage Due Apr 01, 2047
4024 South Floral Terrace has been categorized by the local assessors in Inverness, FL as a residential type of property. The building on the property was first built in 2006 and is 18 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 4024 South Floral Terrace has 1,371 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,200 ft and across the front of the lot is 800 ft. The area measurement of the land has been determined as 9,600 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 400 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a hip style roof made of asphalt. The exterior walls of the building are made of a combination of material. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heat pump and being fueled with electricity. The property was last sold in Apr 30, 2021 for $51,000. That's $28.80 per sqft. Prior to that sales transaction, the property was also sold in Mar 14, 2017 for $112,900. 4024 South Floral Terrace was last assessed in 2023. The total value of the property was assessed at $130,965. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,438. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Unknown
  • Exterior Walls Type: Combination
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Concrete
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 9,600
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,771
  • Gross Building Area: 1,771
  • Building Area: 1,371
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,371
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: INVERNESS HIGHLANDS WEST
  • Land Acres: 0.22
  • Standard Land Use Code: Single family residential
  • Legal Description 1: INVERNESS HGLDS WEST PB 5 PG 19 LOT 23 BLK 357

Ownership

  • Current Owner : SHAFFER IAN J
  • Current Owner 2: INGRAM KAREN LEE
  • Previous Owner : SHAFFER IAN J
  • Owner Before Previous Owner: FIGUEROA JUAN
  • Owner Before Previous Owner 2: FIGUEROA VIVIANA M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Citrus County School District
  • School Tax School District: 000X
  • Census Tract: 451103

Zoning

  • Zoning: MDR

Geography

  • Account Number: 1813743
  • Parcel: 20E-19S-29-0010-03570-0230
  • Block: 357
  • Lot: 23
  • Meridian: SEC 29 TWN 19S RNG 20E
  • Municipality: WITHLACOOCHEE RIVER BASIN
  • Latitude: 28.8032
  • Longitude: -82.3346

    Address

  • Full Address: 4024 S Floral Ter
  • Address - House Number: 4024
  • Street Direction: S
  • Address - Street Name: Floral
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Inverness
  • Carrier Code: R015
  • 4-Digit Zip Code: 7669
  • Zip Code: 34452

Valuation

    Tax

  • Total Area: 1,806
  • Tax Year: 2023
  • Tax Amount: $1,438
  • Tax Rate Code Area: 000X

    Appraisal Valuation

  • Standard Deviation: 0.4112
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 17
  • Final Value: 120,925
  • High Value: 170,655
  • Low Value: 71,194

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $55,000
  • First Open Lien Mortgage Lender: REGIONS BANK
  • First Open Lien Mortgage Recording Date: Apr 29, 2022
  • First Open Lien Mortgage Loan Amount: $55,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2052

    Market Valuation

  • Market Total Value: $188,788
  • Market Land Value: $6,560
  • Market Improvement Value: $182,228

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $130,965

    Exemptions

  • Widow Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 30, 2021
  • Current Sale Recording Date: Apr 30, 2021
  • Current Sale Transaction ID: 11836166935
  • Current Sale Price: $51,000
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 2021028853
  • Previous Sale Recording Date: Mar 17, 2017
  • Previous Sale Contract Date: Mar 14, 2017
  • Previous Sale Amount: $112,900
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: REGIONS BANK
  • Previous Mortgage Transaction Date: Mar 17, 2017
  • Previous Mortgage Loan Amount: $110,854
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Apr 01, 2047

About Inverness Highlands South



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Frequently Asked Questions

What neighborhood is 4024 South Floral Terrace located in?
The 4024 South Floral Terrace is a located in the neighborhood of Inverness in Inverness Highlands South, Inverness.
What is the average sales price for listings in 4024 South Floral Terrace?
The average sales price for units in 4024 South Floral Terrace is $0 currently.

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