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Sold for $275,000
  • Zillow Home logoZestimate®
    $275,000

    5581 SW 197TH TERRACE, DUNNELLON, FL 34431

    3beds
    1,953sqft
    Single Family Residence
    Built in 1981
    0.95 Acres Lot
    $275,000 Zestimate®
    $141/sqft
    $1,958 Estimated rent

    Home value

    $275,000

    $256,000 - $294,000

    $1,958/mo

    Zestimate® history
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    What's special

    Tucked away on a generous .95-acre parcel, this custom-built 1981 residence offers a blend of space, flexibility, and character—perfectly suited for multigenerational living or those seeking room to grow. With 1,953 square feet of living area, 3 bedrooms, 2 bathrooms, and a side-entry 2-car garage, this property delivers both comfort and functionality in a peaceful setting. The upper level serves as the main living space, featuring a full kitchen equipped with wood cabinetry, stainless steel appliances, and a convenient breakfast bar. The adjoining dining area flows seamlessly into a spacious living room anchored by an expansive stone fireplace, creating a welcoming focal point. Two bedrooms and a full bathroom complete this level, along with an inviting 11x12 screened lanai—ideal for enjoying the outdoors year-round. The lower level provides additional versatility with a private entrance, making it well-suited for extended family or guests. This space includes a flex room highlighted by a second wood-burning fireplace, an additional bedroom, and a full bathroom. Laundry hookups are conveniently located on both levels, enhancing everyday ease. A spiral staircase connects the two floors, adding architectural interest. Outdoors, the property presents a new rood in 2025, a rear fenced yard, a detached workshop with an attached pole barn, and a chicken coop for those seeking a touch of country living. With ample room for gardening, recreation, or the addition of a pool, the possibilities are endless. This unique property combines privacy, practicality, and rustic charm—ready to accommodate a variety of lifestyles.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tomika Spires-Hanssen 352-586-6598,

    KELLER WILLIAMS REALTY - ELITE PARTNERS II 352-419-0200

    Bought with:

    Pamela Mc Elroy, 0369257

    WEICHERT REALTORS HALLMARK PROPERTIES

    Source: Stellar MLS,MLS#: OM723407MLS LogoOriginating MLS: Lake and Sumter

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Family Room
    Primary bedroom
    • Features: Built-in Closet
    • Level: First
    • Area: 135.54 Square Feet
    • Dimensions: 11.11x12.2
    Bedroom 2
    • Features: Built-in Closet
    • Level: Second
    • Area: 195.64 Square Feet
    • Dimensions: 14.6x13.4
    Bedroom 3
    • Features: Built-in Closet
    • Level: Second
    • Area: 125.24 Square Feet
    • Dimensions: 12.4x10.1
    Primary bathroom
    • Level: First
    • Area: 46.17 Square Feet
    • Dimensions: 5.7x8.1
    Dining room
    • Level: Second
    • Area: 146.28 Square Feet
    • Dimensions: 13.8x10.6
    Family room
    • Level: First
    • Area: 412.05 Square Feet
    • Dimensions: 20.5x20.1
    Kitchen
    • Level: Second
    • Area: 237.11 Square Feet
    • Dimensions: 13.1x18.1
    Living room
    • Level: Second
    • Area: 360.4 Square Feet
    • Dimensions: 26.5x13.6
    Heating
    • Heat Pump
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    • Laundry: Laundry Room
    Features
    • Ceiling Fan(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom
    • Flooring: Laminate, Hardwood
    • Has fireplace: Yes
    • Fireplace features: Wood Burning
    Interior area
    • Total structure area: 2,816
    • Total interior livable area: 1,953 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage Faces Side
    • Attached garage spaces: 2
    • Carport spaces: 1
    • Covered spaces: 3
    • Details: Garage Dimensions: 19x29
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Covered, Rear Porch, Screened
    • Exterior features: Lighting, Rain Gutters
    • Fencing: Chain Link
    Lot
    • Size: 0.95 Acres
    • Dimensions: 100 x 415
    • Features: In County, Landscaped
    • Residential vegetation: Trees/Landscaped
    Details
    • Additional structures: Storage, Workshop
    • Parcel number: 1751009007
    • Zoning: R1
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Block, Brick, Concrete, Stucco
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1981

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well
    • Utilities for property: BB/HS Internet Available, Electricity Connected, Public

    Community & HOA

    Community
    • Pet fee: $0 monthly
    • Subdivision: RAINBOW ACRES 01
    HOA
    • Has HOA: No
    Location
    • Region: Dunnellon

    Financial & listing details

    • Price per square foot: $141/sqft
    • Tax assessed value: $266,708
    • Annual tax amount: $4,284
    • Date on market: 4/27/2026
    • Cumulative days on market: 74 days
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Paved

    Price history

    DateEventPrice
    8/24/2026Sold$275,000$141/sqft
    Source: Stellar MLS #OM723407 Report a problem
    7/10/2026Pending sale$275,000$141/sqft
    Source: Realtors Association of Citrus County #853881 Report a problem
    7/3/2026Price change$275,000-8.3%$141/sqft
    Source: Realtors Association of Citrus County #853881 Report a problem
    4/18/2026Listed for sale$299,900+9.1%$154/sqft
    Source: Realtors Association of Citrus County #853881 Report a problem
    10/2/2025Listing removed$274,900$141/sqft
    Source: Stellar MLS #G5097369 Report a problem
    9/24/2025Pending sale$274,900$141/sqft
    Source: Stellar MLS #G5097369 Report a problem
    8/26/2025Price change$274,900-5.2%$141/sqft
    Source: Stellar MLS #G5097369 Report a problem
    7/1/2025Price change$289,900-3.4%$148/sqft
    Source: Stellar MLS #G5097369 Report a problem
    5/21/2025Listed for sale$300,000+63.9%$154/sqft
    Source: Stellar MLS #G5097369 Report a problem
    1/2/2018Sold$183,000-1.1%$94/sqft
    Source: Realtors Association of Citrus County #762635 Report a problem
    11/17/2017Pending sale$185,000$95/sqft
    Source: Coldwell Banker Riverland Realty #524120 Report a problem
    11/2/2017Price change$185,000-7.5%$95/sqft
    Source: Coldwell Banker Riverland Realty #524120 Report a problem
    9/6/2017Listed for sale$199,900-20%$102/sqft
    Source: CB/RIVERLAND REALTY #524120 Report a problem
    5/1/2009Listing removed$249,900$128/sqft
    Source: Listhub #303095 Report a problem
    4/25/2008Listed for sale$249,900$128/sqft
    Source: Visual Tour #303095 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,285 +8.5%$230,831 +10%
    2024$3,949 +12.6%$209,846 +10%
    2023$3,507 +5.8%$190,769 +10%
    2022$3,315 +14.5%$173,426 +10%
    2021$2,896 +8.4%$157,660 +10%
    2020$2,672 +1.5%$143,327 +2.9%
    2019$2,631 $139,352 +34.6%
    2018$2,631 +100.2%$103,512 +2.1%
    2017$1,314 +2.5%$101,383 +2.1%
    2016$1,282 $99,298 +0.7%
    2015$1,282 +6.3%$98,608 +0.8%
    2014$1,206 +2.7%$97,825 +1.5%
    2013$1,175 +0.6%$96,379 +0.9%
    2012$1,167 +3%$95,558 +2.5%
    2011$1,133 +2.2%$93,196 +1.5%
    2010$1,109 +5.4%$91,819 +2.7%
    2009$1,052 +1.2%$89,405 +0.1%
    2008$1,040 -12%$89,316 +3%
    2007$1,181 -5%$86,715 +2.5%
    2006$1,244 +3.7%$84,600 +3%
    2005$1,199 $82,136 +3%
    2004$1,199 -30.8%$79,744 +4.3%
    2002$1,734 +0.3%$76,424 +6.8%
    2001$1,728 $71,538
    2000$1,728 $71,538
    Find assessor info on the county website

    Neighborhood: 34431

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Romeo Elementary School
    • Middle: Dunnellon Middle School
    • High: Dunnellon High School

    Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $275,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $275,000