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Lutz 33548 Lutz
705 Chancellar DRIVE
$695,000
● House - Off Market

705 Chancellar DRIVE

LUTZ, FL 33548
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,738 Ft²
$4,096
Est. Monthly
3.97%
Cap Rate

About This Property

LAKEFRONT 4 Bedroom 2 Bath Pool/Spa is One of those Lutz Hidden Treasures located on a picturesque 1/2 Acre lot in the lovely Brant Shores subdivision with all custom homes,  No HOA fees. Outdoor living with lake perfect for canoeing, kayaking, fishing. Incredible oversized kitchen that will amaze you. When you walk into this home it will feel like a brand new home. This beautiful home is ready for you to move in! A MUST SEE! Truly you do not find neighborhoods like this one in the Steinbrenner School district so conveniently located to I-275, the University Area, shopping, etc and NO HOA FEES.
Unit Size
2,738 Ft²
Days on Market
55 days
Land Size
0.54 acres
Price per sqft
$256
Property Type
House
Property Taxes
$658
HOA Dues
-
Year Built
1988

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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 #T3516855)

Price History

Date / Event Date Event Price
May 30, 2024 Sold
Premium
Sold
Apr 30, 2024 In contract -
In contract
Apr 5, 2024 Listed by FRIENDS REALTY LLC $700,000
Listed by FRIENDS REALTY LLC
Jan 11, 2021 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 24
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 9
  • Location Influence Type: 137

    Dimensions

  • Lot Size Square Feet: 52,775
  • Lot Size Depth Feet: 2,350
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 3,200
  • Gross Building Area: 3,684
  • Building Area: 2,738
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,738
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRANT SHORES
  • Land Acres: 0000001212
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: BRANT SHORES LOT 14 BLOCK 2

Neighborhood

  • School District Name: Hillsborough County School District
  • Census Tract: 011109

Zoning

  • Zoning: RSC-2

Geography

  • Assessors Map Reference: 73C
  • Subdivision Tract Number: KP
  • Parcel: 015126-6636
  • Block: 2
  • Lot: 14
  • Meridian: SEC 23 TWN 27S RNG 18E
  • Municipality: UNICORPORATED
  • Latitude: 28.1215
  • Longitude: -82.4721

    Address

  • Full Address: 705 Chancellar Dr
  • Address - House Number: 705
  • Address - Street Name: Chancellar
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Lutz
  • Carrier Code: R022
  • 4-Digit Zip Code: 4512
  • Zip Code: 33548

Valuation

    Tax

  • Total Area: 3,089
  • Tax Year: 2023
  • Tax Amount: $748,354
  • Tax Rate Code Area: U

    Appraisal Valuation

  • Standard Deviation: 0.0859
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 695,510
  • High Value: 755,300
  • Low Value: 635,720

    Market Valuation

  • Market Total Value: $435,050
  • Market Land Value: $107,019
  • Market Improvement Value: $328,031

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $435,050
  • Assessed Land Value: $107,019
  • Assessed Improvements Value: $328,031

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 09, 2020
  • Current Sale Recording Date: Jan 11, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2021012709
  • Previous Sale Recording Date: Jul 02, 2010
  • Previous Sale Contract Date: Jun 01, 2010
  • Previous Sale Document Type: 27
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 Lutz

Stats & Trends

Median Asking:

$675,000

Sale Price/ft²

$278

Below Asking

0.03%

Average Days on Market

77

Average Home Size

3353 ft²

Average Home Age

29.6 years

Currently For Sale

72 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 16008 Sagebrush Road, TAMPA, FL, 33618

$3,200 /mo

  • 4 Beds
  • 2 Baths
  • 2,569 ft²
16008 Sagebrush Road, TAMPA, FL, 33618 Listing by Pilar Lesmes

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Beismery Rouco
FRIENDS REALTY LLC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# T3516855
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 705 Chancellar Drive built and last sold?
The property at 705 Chancellar Drive was built in 1988 and last sold on Nov 9, 2020 for $425,000.
How much is this home worth?
The estimated value of the home located at 705 Chancellar Drive is $709,707.
What are some comparable homes to 705 Chancellar Drive?
There are currently no comparable homes to 705 Chancellar Drive.
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