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707 Drake Avenue

707 Drake Avenue, Inverness, FL 34452
Property in Inverness
Sold Nov 15, 2016
$88,000
$70,400 by Brannen Bank
Mortgage Due Oct 20, 2046
Sold Jul 08, 2008
$105,000
$84,000 by Bank Of America Na
Mortgage Due Aug 01, 2038
707 Drake Avenue 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 1978 and is 46 years old. However, we must point out that the home was most recently renovated and altered in 1988. The home has a total of 2 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, 707 Drake Avenue has 1,376 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 405 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 gable style roof made of fiberglass. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 707 Drake Avenue was last sold in Oct 20, 2016 for $88,000. According to our calculations, that's $49.41 per sqft. Prior to that sales transaction, the property was sold for $105,000 in Jul 7, 2008. Current property owners are expected to pay $634 in taxes per year. The property on 707 Drake Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $64,677. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 2
  • 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: Gable
  • Roof Cover Type: Fiberglass
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Concrete
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 405
  • 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: 1,781
  • Gross Building Area: 1,901
  • Building Area: 1,376
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,376
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: INVERNESS HIGHLANDS SOUTH
  • Land Acres: 0.22
  • Standard Land Use Code: Single family residential
  • Legal Description 1: INVERNESS HGLDS SOUTH PB 3 PG 51 LOTS 38 & 39 BLK 208

Ownership

  • Current Owner : GOLDEN HEATHER
  • Previous Owner : KRONENTHAL PAULINE A
  • Previous Owner 2: KRONENTHAL CHARLES P
  • Owner Before Previous Owner: GRAHAM THOMAS
  • Owner Before Previous Owner 2: GRAHAM CATHERINE L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Citrus County School District
  • School Tax School District: 000T
  • Census Tract: 451001

Zoning

  • Zoning: LD

Geography

  • Account Number: 1767377
  • Parcel: 20E-19S-21-0020-02080-0380
  • Block: 208
  • Lot: 38,39
  • Meridian: SEC 20 TWN 19S RNG 20E
  • Municipality: CITY OF INVERNESS
  • Latitude: 28.8243
  • Longitude: -82.3241

    Address

  • Full Address: 707 Drake Ave
  • Address - House Number: 707
  • Address - Street Name: Drake
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Inverness
  • Carrier Code: C004
  • 4-Digit Zip Code: 5923
  • Zip Code: 34452

Valuation

    Tax

  • Total Area: 1,881
  • Tax Year: 2023
  • Tax Amount: $634
  • Tax Rate Code Area: 000T

    Appraisal Valuation

  • Standard Deviation: 0.2497
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 64
  • Final Value: 223,074
  • High Value: 278,777
  • Low Value: 167,371

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $70,400
  • First Open Lien Mortgage Lender: BRANNEN BANK
  • First Open Lien Mortgage Recording Date: Nov 15, 2016
  • First Open Lien Mortgage Loan Amount: $70,400
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Oct 20, 2046

    Market Valuation

  • Market Total Value: $155,917
  • Market Land Value: $7,600
  • Market Improvement Value: $148,317

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $64,677

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 20, 2016
  • Current Sale Recording Date: Nov 15, 2016
  • Current Sale Transaction ID: 1882764321
  • Current Sale Price: $88,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2016052010
  • Previous Sale Recording Date: Jul 08, 2008
  • Previous Sale Contract Date: Jul 07, 2008
  • Previous Sale Amount: $105,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BRANNEN BANK
  • First Mortgage Transaction Date: Nov 15, 2016
  • First Mortgage Loan Amount: $70,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Oct 20, 2046

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Jul 08, 2008
  • Previous Mortgage Loan Amount: $84,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2038

About Inverness



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Frequently Asked Questions

What neighborhood is 707 Drake Avenue located in?
The 707 Drake Avenue is a located in the neighborhood of Inverness in Inverness, Inverness.
What is the average sales price for listings in 707 Drake Avenue?
The average sales price for units in 707 Drake Avenue is $0 currently.

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