Another Building Lot Just Sold in Spring Hill Florida 34609
This building lot in Spring Hill, Florida was on the market for only 20 days before my seller received an acceptable offer.
The vacant lot is located in an area of newer homes in Spring Hill with shopping, dining, hospitals, and other area amenities nearby.
Property Details: Dolphin Street, Spring Hill, FL
Lot Size: 0.23 acres
Dimensions: 80 x 125
Zoning: Single Family Residential
Sales Price: $8,500
The seller was located in Germany so once she received the closing documents, she had them notarized by a German attorney in her area before sending the originals back via express mail.
Because the seller was a foreign person and the property sold was vacant land, FIRPTA - the Foreign Investment Real Property Tax Act - was applicable.
To comply with this law, the title company withheld and submitted 10% of the purchase price to the Internal Revenue Service (IRS). The seller will be working with a Certified Public Accountant to file any necessary tax documents and after determination of the actual amount of taxes owed - if any - will receive a refund of the remainder.
Are you looking for a building lot in Spring Hill, Florida or surrounding areas?
Please contact me by email or call me at 352-584-7441 for more information about available building lots for sale in Spring Hill, Florida. Inventory of vacant land is good so buyers have many building lots to choose from in all neighborhoods as well as many gated communities.