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Spring Hill 34606 Spring Hill
8323 Tranquil DRIVE
$285,000
● House - Off Market

8323 Tranquil DRIVE

SPRING HILL, FL 34606
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,295 Ft²
$284,222
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Tranquil spot on a Lake Pond. 2 Bedroom 2 Bath 2 Garage home with a heated pool located on .41 of an acre. 6x16 covered front porch. Low maintenance wood laminate flooring throughout home. Tile in both bathrooms. Enter guest bathroom through hallway or pocket slider from guest bedroom.
Unit Size
1,295 Ft²
Days on Market
53 days
Land Size
0.41 acres
Price per sqft
$220
Property Type
House
Property Taxes
$289
HOA Dues
-
Year Built
1983

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #U8202824)

Price History

Date / Event Date Event Price
Aug 11, 2023 Sold
Premium
Sold
Jun 8, 2023 Listed by PROPERTY SOLUTIONS REALTY GRP $285,000
Listed by PROPERTY SOLUTIONS REALTY GRP
Dec 9, 2002 Sold
Premium
Sold
Oct 16, 2001 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • 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: 16
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 575
  • Parking Space Count: 2
  • Patio Type: 73
  • Porch Type: 102
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 17,912
  • Lot Size Depth Feet: 1,670
  • Lot Size Frontage Feet: 880
  • Total Building Area: 2,110
  • Gross Building Area: 2,110
  • Building Area: 1,295
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,295
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRING HILL UN 4
  • Land Acres: 0000000411
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: 01
  • Legal Description 1: SPRING HILL UNIT 4 BLK 198 LOT 1 ORB 290 PG 547 ORB 484 PG 793

Neighborhood

  • School District Name: Hernando County School District
  • School Tax School District: 1,36,48,99
  • Census Tract: 041402

Geography

  • Assessors Map Reference: 3399-B2
  • Account Number: 00242589
  • Parcel: R32-323-17-5040-0198-0010
  • Block: 198
  • Lot: 1
  • Meridian: SEC 32 TWN 23S RNG 17E
  • Municipality: HILLSBOROUGH BASIN EMS
  • Latitude: 28.438
  • Longitude: -82.5916

    Address

  • Full Address: 8323 Tranquil Dr
  • Address - House Number: 8323
  • Address - Street Name: Tranquil
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Spring Hill
  • Carrier Code: C024
  • 4-Digit Zip Code: 6576
  • Zip Code: 34606

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $347,269
  • Tax Rate Code Area: CW-ES

    Appraisal Valuation

  • Standard Deviation: 0.2026
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 72
  • Final Value: 286,103
  • High Value: 344,072
  • Low Value: 228,134

    Market Valuation

  • Market Total Value: $206,257
  • Market Land Value: $49,437
  • Market Improvement Value: $156,820

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $205,168

    Sales

  • Current Sale Contract Date: Jul 26, 2023
  • Current Sale Recording Date: Aug 11, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 51251
  • Previous Sale Recording Date: Dec 09, 2002
  • Previous Sale Contract Date: Dec 02, 2002
  • Previous Sale Amount: $90,000
  • Previous Sale Document Type: 71
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:

$319,000

Sale Price/ft²

$190

Below Asking

0.03%

Average Days on Market

73

Average Home Size

1907 ft²

Average Home Age

27.8 years

Currently For Sale

604 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: Michele Archbell
PROPERTY SOLUTIONS REALTY GRP
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# U8202824
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 8323 Tranquil Drive built and last sold?
The property at 8323 Tranquil Drive was built in 1983 and last sold on Jul 26, 2023 for $285,000.
How much is this home worth?
The estimated value of the home located at 8323 Tranquil Drive is $0.
What are some comparable homes to 8323 Tranquil Drive?
There are currently no comparable homes to 8323 Tranquil Drive.
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