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20344 SOMERSET ACRES LANE SPRING HILL, FL 34610

County: Pasco Bedrooms: 0 – Full Baths: 0
Half Baths: 0 – Status: Active
Listing courtesy of:
SMITH & ASSOCIATES REAL ESTATE

$400,000

MLS #: T2855449
Call Watson Realty at: 1-800-257-5143

Contact us at 1-800-257-5143 or fill out the form below.



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Very cozy, country, family park with 13 park own homes on 2.88 acres. Current owner purchased and is in the final stages of this park rebuild which is reflected in the high cash flowing proforma income numbers and rent increases. Currently 9 are rented with 4 vacancies which should be filled quickly. Expenses are low and park is easy to manage. Park has large septic tank, well water and a possible partial assumable mortgage. Take advantage of these rebuilt mobile home units and high future proforma income. NDA requested for financials with POFs requested for showings


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Property Information


Additional Information

  • Type: Commercial
  • Square Ft: 7390
  • Year Built: 1973
  • Taxes (Approx): 5024.00
  • Driving Directions: South of County Line Road off US 41 to dirt road Somerset Acres LN.

Exterior Construction

  • Metal,Siding

Lot Size Acres

  • 2.87

Road Frontage

  • County Road


Local Information



Population
Total Population 13,007
Population - Male 6,558
Population - Female 6,449
Density 165
Change since 1990 24.1%
Change Since 2000 1.8%
Household Information
Total Households 4,888
Households - Family 3,548
Average Family Size 2.66
Average Household Income $60,470.00
Median Household Income $46,320.00
Income Change Since 2000 7.0%
Climate
Avg January High 73°
Avg January Low 55°
Avg July High 90°
Avg July Low 75°
Annual Precipitation 47.21 inches
Air Pollution Index* 0.94
Colleges and Universities
Nearest 2-Year College PASCO-HERNANDO COMMUNITY COLLEGE
Distance 10 miles
Nearest 4-Year College
Distance 0 miles
Crime Rates*
Total Crime Risk* 0.26
Personal Crime Risk* 0.34
Murder Crime Risk* 0.19
Rape Crime Risk* 0.45
Robbery Crime Risk* 0.10
Assault Crime Risk* 0.41
Property Crime Risk* 0.23
Burglary Crime Risk* 0.39
Larceny Crime Risk* 0.20
Motor Vehicle Crime Risk* 0.09
Additional Information
Sales Tax 7.0000%
Nearest Professional Sports Team Bucs
Distance 27 miles
Nearest Airport Tampa International
Distance 27 miles
*Based on National average of 1.0. A rate of 2.0 indicates twice as much as the national average, while 0.5 indicates half as much as the average.

Schools



 NameAddressType
 

Grades 6-8

 CREWS LAKE K-8 SCHOOL15144 SHADY HILLS RDPUBLIC
 

Grades 9-12

 BISHOP MCLAUGHLIN CATHOLIC HIGH SCHOOL13651 HAYS RDCATHOLIC
 

Grades K-12

 PASCO VIRTUAL INSTRUCTION PROGRAM15144 SHADY HILLPUBLIC
 PASCO ESCHOOL-VIRTUAL FRANCHISE15144 SHADY HILLS RDPUBLIC
 

Grades K-5

 DR. MARY GIELLA ELEMENTARY SCHOOL14710 SHADY HILLS RDPUBLIC
 

Grades K-8

 CLASSICAL PREPARATORY SCHOOL16500 LYCEUM LNPUBLIC

Recent Sales



 QuarterNumber of SalesMedian Price
 

2016

 Q474$151,000
 Q3102$143,950
 Q2121$100,000
 Q189$103,000
 

2015

 Q4103$109,000
 Q396$89,135
 Q288$71,500
 Q169$68,000
 

2014

 Q487$127,000
 Q3128$105,050
 Q2114$85,602
 Q183$78,300