1 month on rocket

1016 E Lemon St, Tarpon Springs, FL, 34689

$1,100,000

Home List Price

$10,000*

Closing Credit

0 Baths
3,120 SqFt
$353/SqFt
Multi

Location

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1016 E Lemon St, Tarpon Springs$1,100,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1980
HeatingCentral, Electric
CoolingCentral Air, Electric
MLS #2241053
Lot Size0.29 Acres
StatusActive

About 1016 E Lemon St

Turn-Key Opportunity in Tarpon Springs! Great occupancy and already has bookings until March 2025! Your opportunity to own a successful, well-appointed and meticulously cared for opportunity, that has been generating consistent revenue since 2015. Thinking about investing, then this could be a prime opportunity for you or to expand your portfolio! This property benefits from 4 Units, each consisting of a 2 Bedroom, 1 Bathroom Floorplan, that equates to 8 Total Bedrooms and 4 Bathrooms. Located just off the US-19, in the heart of Tarpon Springs, with accessibility to the Sponge Docks, local amenities, hospitals, shopping, restaurants and within a 50-minute journey to Tampa, including the Tampa International Airport, this location is exceptional for the transient rental market. The exterior of the property welcomes the guests with a courtyard feel, palm trees and the beachy tones of the aqua paint, immediately creating that vacation vibe as you arrive. With ample parking, you can arrive, unpack and enjoy! Even if your guests are not staying in one of the four apartments available, then this property benefits from having not one, but three RV parking areas, all with their own electric and water hook-ups, which provides for an extra revenue opportunity! The (4), 2 bedroom and 1-bathroom apartments are elegantly furnished and decorated, maintained to a high standard and offer a welcoming experience to the guests who visit. The kitchens, with the granite style worktops, mahogany style cabinets provide a great back drop for your guests to enjoy their morning breakfast and beverage before heading off to enjoy their daily activity! At the end of the day, they can return to the comfort of the spacious living areas, kick off their shoes and relax, or why not enjoy a BBQ outside! The tiled floors in the apartments provide for an easy to maintain environment. On that note, did I mention that the current Cleaning Team would be willing to stay on with the new Owner and keep those apartments sparkling! With newer roofs, AC, Electrical and Plumbing updates, the current Owner has invested in ensuring this property has the best opportunity for success! The current owner is committed to the success of the future owner and is providing the opportunity of a 30-day coaching, post-closing to assist in continued success, along with conveying the website, systems and existing bookings to the new owner. Call today to schedule your tour!

Property Details

Property Features

Property Information:

  • Year Built: 1980
  • Living Area: 3,120 SqFt

Listing Office:

  • Office Name: Dennis Realty & Investment Corp.

Interior Features

Interior Information:

  • Appliances: Dryer, Electric Oven, Freezer, Microwave, Refrigerator, Washer
  • Flooring Type: Tile

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Wood Fence

Lot Features

Lot Information:

  • Lot Size: 0.29 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: FROM US 19 TRAVELING NORTH TO TARPON SPRINGS, TURN RIGHT ONTO E LEMON STREET PROPERTY WILL BE ON THE RIGHT HAND SIDE.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,100,000
  • Price Per SqFt: $353/SqFt

Tax Information:

  • Annual Amount: $3,852
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Tarpon Springs, FL.

Med. Sold Price

$452.5K

Med. Price/SqFt

$257

Avg. Days On Market

58

# of Sold Homes

37

1016 E Lemon St vs Tarpon Springs

43 DAYS ON ROCKET

-15 Days

$1,100,000

+$647.5K More

$353/SqFt

+$95 More

KEY TAKEAWAY

This property is $647.5K more than the Median Sold Price and $95/SqFt more than other homes in Tarpon Springs, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Hernando County Association of REALTORS®
  • MLS Number: #2241053

Listing Office:

  • Office Name: Dennis Realty & Investment Corp.

IDX The information contained herein has been provided by by Hernando County Association of REALTORS®. This information is from sources deemed reliable but not guaranteed. The information is for consumers' personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. The information contained in this web site is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the owner of this site disclaims any implied warranty or representation about it's accuracy, completeness or appropriateness for any particular purpose. This includes but is not limited to information provided by any third party which is accessed through this site via a hyperlink. Those persons who access this information assume full responsibility for the use of said information and understand and agree that the owner of this site named above not responsible or liable for any claim, loss or damage arising from the use of any information contained in this site. Any reference to specific products, companies or services does not necessarily constitute or imply recommendation or endorsement by the owner of this site.

Copyright © 2024 Hernando County Association of REALTORS®
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 10:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$3,852$221,870
2019$3,515$199,290
2018$3,376$190,675
2017$3,315$185,291

History based on county public records data.

Payment Calculator

$5,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,364

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-440098
10
/10
  • Tarpon Springs Fundamental Ele

  • 400 E Harrison St

  • 0.83 miles

  • Public Magnet Grades KG-5

school-card-donut-440099
6
/10
  • Tarpon Springs Elementary

  • 555 Pine St

  • 0.86 miles

  • Public District Grades PK-5

school-card-donut-440100
8
/10
  • Sunset Hills Elementary

  • 1347 Gulf Rd

  • 2.21 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,645. Most Tarpon Springs, FL residents have annual incomes between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket HomesFloridaPinellas CountyTarpon Springs346891016 E Lemon St

This home is located at 1016 E Lemon St in Tarpon Springs, FL and zip code 34689 in the Lake Tarpon Community neighborhood. This 3,120 square foot home, which was built in 1980, sits on a 0.29 acre lot. It has been listed on Rocket Homes since October 02, 2024 and is currently priced at $1,100,000.

In October 2024 more than 2 listings in Tarpon Springs, FL were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 30 were sold below. Between September 2024 and October 2024, Tarpon Springs, FL real estate market has seen increase in the number of listings by 0.6%. In October 2024, listings were on the market for 58 days. During the same period, the median list price in this real estate market was $452,500.

From Rocket Homes Real Estate and based on county public records data.

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