4468 Dior Rd, Spring Hill, FL 34609, represents a typical example of single-family homeownership in the Spring Hill, Florida area. This specific property, boasting 2168 square feet of living space, offers a glimpse into the local real estate market and the characteristics of homes built in the mid-1990s. The recent sale price of $450,000 in April 2024 provides valuable data points for understanding current market trends and potential future value appreciation. This in-depth analysis will explore various facets of 4468 Dior Rd, Spring Hill, FL, considering its features, location, market context, and potential future prospects.
Property Overview: A Detailed Look at 4468 Dior Rd
The 2168 square feet of living space at 4468 Dior Rd is distributed across a three-bedroom, two-bathroom layout. Built in 1994, the home reflects the architectural styles prevalent during that era. While specific details regarding the interior design and amenities are not readily available without accessing property records or a realtor's listing, we can infer certain characteristics based on the age and size of the home. Homes built in the 1990s often feature more traditional floor plans with distinct rooms, potentially including a formal living room, dining room, family room, and kitchen. The presence of three bedrooms suggests ample space for a family, while the two bathrooms accommodate a comfortable level of convenience.
The $450,000 sale price in April 2024 provides a crucial benchmark for assessing the value of similar properties in the Spring Hill area. This price point reflects the ongoing dynamism of the Florida real estate market, particularly in areas experiencing population growth and increased demand. Understanding the factors that contributed to this sale price requires a deeper dive into the local market dynamics.
Market Context: Spring Hill, Florida Real Estate
Spring Hill, located in Hernando County, Florida, is a rapidly growing community attracting residents from various backgrounds. Its proximity to larger metropolitan areas like Tampa and its relatively affordable housing options compared to coastal communities make it an attractive destination for families, retirees, and young professionals. The real estate market in Spring Hill is therefore characterized by a mix of buyers with diverse needs and preferences.
The sale of 4468 Dior Rd at $450,000 aligns with the overall trends of increasing property values in Spring Hill. Several factors contribute to this upward trend:
* Population Growth: A steady influx of new residents drives demand for housing, leading to price appreciation. This growth is fueled by factors such as favorable weather, a relatively low cost of living compared to other parts of Florida, and the presence of recreational amenities.
* Economic Development: The continued development of infrastructure, businesses, and employment opportunities in the Spring Hill area attracts more people, further bolstering the housing market.
* Low Interest Rates (Historical Context): While interest rates fluctuate, historically low interest rates in recent years have made mortgages more affordable, stimulating buyer activity and driving up prices. The timing of the April 2024 sale should be considered in the context of prevailing interest rates at that time.
* Limited Inventory: In many periods, the supply of available homes in Spring Hill has not kept pace with the demand, creating a seller's market where prices tend to increase.
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