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Spring Hill 34606 Spring Hill
5216 HOPE LANE
$490,000
● House - Off Market

5216 HOPE LANE

SPRING HILL, FL 34606
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,380 Ft²
$2,659
Est. Monthly
6.29%
Cap Rate

About This Property

Spacious ( Solar Power ) 5 Bed 3.5 Bath Salt Water HEATED POOL HOME ** This expansive 4272 sq ft HOME offers 5 Bedrooms 3.5 bathrooms and a oversized 2 Car garage. Home features* Dual Entry- LRG Entry foyer with Vaulted Ceilings - Formal Dinning- Great Eat in Kitchen with Center Island and walk n Pantry- Lots of Cabinet space- Stone Counters and Breakfast Bar-All Appliance's ( stainless). The outside New Roof 2022- LRG Screened Pool enclosure and LRG covered Lania- Detached Car-port and shed- Generator Hook up and Interlock- Over 1/2 acre with U-shaped driveway and more. Worth a look. Not in a deed-restricted community, No HOA or CDD fees Close to all area amenities such as shopping, schools, dining, entertainment, medical, saltwater fishing in the gulf, and natural Spring
Unit Size
3,380 Ft²
Days on Market
132 days
Land Size
0.66 acres
Price per sqft
$157
Property Type
House
Property Taxes
$57
HOA Dues
-
Year Built
1989

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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: 2 years ago (Stellar MLS #W7875459)

Price History

Date / Event Date Event Price
Sep 22, 2025 Sold
Premium
Sold
Aug 26, 2025 In contract -
In contract
Aug 23, 2025 Price Decreased $529,900
↓ $5K (0.9%)
Price Decreased
Jul 31, 2025 Price Decreased $534,900
↓ $25K (4.5%)
Price Decreased
Jul 11, 2025 Price Decreased $559,900
↓ $8K (1.4%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 508
  • Parking Space Count: 2
  • Patio Type: 73
  • Porch Type: 102
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 14,061
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 670
  • Total Building Area: 4,272
  • Gross Building Area: 4,272
  • Building Area: 3,380
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 3,380
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRING HILL UNIT 22
  • Land Acres: 0000000323
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: 01
  • Legal Description 1: SPRING HILL UNIT 22 BLOCK 1502 LOTS 3 & 4 AND A TR 55X44X67 FT MOL IN LOT 12 AS DES IN OR 694 PG 810

Neighborhood

  • School District Name: Hernando County School District
  • School Tax School District: 1,36,48,99
  • Census Tract: 041201

Geography

  • Assessors Map Reference: MAP: 34B
  • Account Number: 00430215
  • Subdivision Tract Number: 55
  • Parcel: R32-323-17-5220-1502-0030
  • Block: 1502
  • Lot: 12
  • Meridian: SEC 32 TWN 23S RNG 17E
  • Municipality: HILLSBOROUGH BASIN EMS
  • Latitude: 28.5094
  • Longitude: -82.5688

    Address

  • Full Address: 5216 Hope Ln
  • Address - House Number: 5216
  • Address - Street Name: Hope
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Spring Hill
  • Carrier Code: R093
  • 4-Digit Zip Code: 1232
  • Zip Code: 34606

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $54,713
  • Tax Rate Code Area: CW-ES

    Appraisal Valuation

  • Standard Deviation: 0.2024
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 72
  • Final Value: 545,226
  • High Value: 655,632
  • Low Value: 434,820

    Market Valuation

  • Market Total Value: $523,523
  • Market Land Value: $75,827
  • Market Improvement Value: $447,696

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $211,501

    Exemptions

  • Disabled Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 01, 2016
  • Current Sale Recording Date: Oct 14, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016057045
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:

$315,250

Sale Price/ft²

$190

Below Asking

0.03%

Average Days on Market

73

Average Home Size

1911 ft²

Average Home Age

27.5 years

Currently For Sale

647 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

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STELLAR

Listed by: James Slater
NATURE COAST REAL ESTATE
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# W7875459
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 5216 Hope Lane built and last sold?
The property at 5216 Hope Lane was built in 1989 and last sold on Sep 1, 2016 for $248,000.
How much is this home worth?
The estimated value of the home located at 5216 Hope Lane is $535,199.
What are some comparable homes to 5216 Hope Lane?
There are currently no comparable homes to 5216 Hope Lane.
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