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Hernando 33597 Ridge Manor Estates
7055 KARWICH AVENUE
$125,000
● House - Off Market

7055 KARWICH AVENUE

WEBSTER, FL 33597
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,300 Ft²
$852
Est. Monthly
16.60%
Cap Rate

About This Property

CASH ONLY! Discover the perfect blend of privacy, potential, and waterfront living with this unique riverfront property. Situated on over half an acre with 81 feet of direct frontage on the Withlacoochee River, this solid block home on slab is ready for your finishing touches. Property Features A Spacious 20x26 Workshop On A Slab With Power, Along With A Convenient Utility Shed For Extra Storage. The property is fully fenced and offers a private, secluded setting while still providing easy access to US 98, US 301, I-75, and SR 50. Whether you're looking for a personal retreat, a full-time residence, or an investment with Airbnb or VRBO potential, this home offers endless possibilities.
Unit Size
1,300 Ft²
Days on Market
64 days
Land Size
0.53 acres
Price per sqft
$107
Property Type
House
Property Taxes
$169
HOA Dues
-
Year Built
1979

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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 (Stellar MLS #W7878909)

Price History

Date / Event Date Event Price
Nov 21, 2025 Sold
Premium
Sold
Oct 14, 2025 In contract -
In contract
Oct 9, 2025 Price Decreased $139,000
↓ $10K (6.7%)
Price Decreased
Sep 17, 2025 Listed by KW REALTY ELITE PARTNERS $149,000
Listed by KW REALTY ELITE PARTNERS
Oct 20, 2023 Sold
Premium
Sold
Show More

Property Highlights

Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 2
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 7
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,187
  • Lot Size Depth Feet: 2,820
  • Lot Size Frontage Feet: 810
  • Total Building Area: 1,380
  • Gross Building Area: 1,380
  • Building Area: 988
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 988
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGE MNR EST UN 2
  • Land Acres: 0000000532
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: 01
  • Legal Description 1: RIDGE MANOR EST UNIT 2 BLK 39 LOT 72

Neighborhood

  • School District Name: Hernando County School District
  • School Tax School District: 36,99
  • Census Tract: 040101

Geography

  • Assessors Map Reference: MAP: 120D
  • Account Number: 00661527
  • Parcel: R36-122-21-0870-0390-0720
  • Block: 39
  • Lot: 72
  • Meridian: SEC 36 TWN 22S RNG 21E
  • Municipality: WITHLACOOCHEE BASIN EMS
  • Latitude: 28.53
  • Longitude: -82.2002

    Address

  • Full Address: 7055 Karwich Ave
  • Address - House Number: 7055
  • Address - Street Name: Karwich
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Webster
  • Carrier Code: R003
  • 4-Digit Zip Code: 9191
  • Zip Code: 33597

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $164,323
  • Initial Tax Delinquent Year: 2023
  • Tax Rate Code Area: CW-ES

    Appraisal Valuation

  • Standard Deviation: 0.0961
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 91
  • Final Value: 216,046
  • High Value: 236,816
  • Low Value: 195,276

    Market Valuation

  • Market Total Value: $80,830
  • Market Land Value: $20,868
  • Market Improvement Value: $59,962

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,830
  • Assessed Land Value: $20,868
  • Assessed Improvements Value: $59,962

    Sales

  • Current Sale Contract Date: Oct 19, 2023
  • Current Sale Recording Date: Oct 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 67321
  • Previous Sale Recording Date: Aug 29, 2022
  • Previous Sale Contract Date: Aug 24, 2022
  • Previous Sale Amount: $62,500
  • Previous Sale Document Type: 54
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 Ridge Manor Estates

Stats & Trends

Median Asking:

$449,900

Sale Price/ft²

$211

Below Asking

0.06%

Average Days on Market

104

Average Home Size

1783 ft²

Average Home Age

11.4 years

Currently For Sale

10 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 34798 Evergreen Way, DADE CITY, FL, 33523

$1,650 /mo

  • 3 Beds
  • 1 Bath
  • 1,330 ft²
34798 Evergreen Way, DADE CITY, FL, 33523 Listing by Wayne Tanner

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Erik Weyant
KW REALTY ELITE PARTNERS
Last Updated: 12 months ago
Data Source: Stellar MLS, MLS# W7878909
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 7055 Karwich Avenue built and last sold?
The property at 7055 Karwich Avenue was built in 1979 and last sold on Oct 19, 2023 for $175,000.
How much is this home worth?
The estimated value of the home located at 7055 Karwich Avenue is $0.
What are some comparable homes to 7055 Karwich Avenue?
There are currently no comparable homes to 7055 Karwich Avenue.
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