NOT LISTED FOR SALE

16650 SE 40th Ave Summerfield, FL 34491

Estimated Value: $500,000 - $586,000

4 Beds
2.5 Baths
1,568 Sq Ft
$345/Sq Ft Est. Value

Sale Details

Date Sold: November 23, 2022

Last sale price $475,000 $303 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,431 / mo

23 Days on Market

Highlights

  • Oak Trees
  • 20 Acre Lot
  • Mature Landscaping
  • View of Trees or Woods
  • No HOA
  • 2 Car Attached Garage

About This Home

As of November 2022

20 Beautiful acres zone Agriculture in an awesome location. In between The Villages and Ocala, this property is close to shopping and dining, major interstates and the World Equestrian Center. Beautiful oaks shade the cleared north acreage, while the south acreage is all natural Florida. The existing 4 bedrooms and 3 baths (one is in the garage) home had it’s roof and A/C replaced in 2021. Live in it or build your dream home with no HOA restrictions. Add a barn and bring your animals. The attached garage is 24x36. Open pole barn on site.

Last Agent to Sell the Property

Hope Wilson

RE/MAX PREMIER REALTY License #3227769 Listed on: 08/26/2022

RE/MAX PREMIER REALTY

Last Buyer's Agent

Nicole Dege

REDFIN CORPORATION License #3394858

REDFIN CORPORATION

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,972

Year Built

  • Built in 1973

Lot Details

  • 20 Acre Lot
  • Lot Dimensions are 660x1320
  • The property's road front is unimproved
  • East Facing Home
  • Fenced
  • Mature Landscaping
  • Level Lot
  • Oak Trees
  • Wooded Lot
  • Property is zoned A1

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,568 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Views of Woods
  • Dishwasher
  • Laundry in Garage

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Central Heating and Cooling System
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Lureh Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,972

Year Built

Built in 1973

Lot Details

20 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1568
  • Lot Size Acres: 20
  • New Construction: No
  • Year Built: 1973
  • Lot Size Sq Ft: 871200
  • Status: Sold
  • Street Direction: SE
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5059900?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5059900?w=Customer
  • Homestead Y N: No
  • Total Acreage: 20 to less than 50
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Ratio: Close Price\List Price: 0.97938
  • Price per Sq Ft: 302.93
  • Close to Original List Price Ratio: 0.82609
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Laminate
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Master Bedroom Main Floor
  • Appliances Included: Dishwasher, Electric Water Heater
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Stories: 1
  • Room Count: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: East
  • Exterior Features: Fenced
  • Roof: Shingle
  • Pool Private: No
  • View: Trees/Woods
  • Waterfront: No
  • Road Surface Type: Unimproved, Other
  • Water View Y N: No
  • Number Of Wells: 2
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Electricity Available, Electricity Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: In Garage
  • Sewer: Septic Tank
  • Water Source: Well
  • Number Of Septics: 1
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Lot Info

  • Zoning: A1
  • Parcel Number: 44761-003-02
  • Additional Parcels: No
  • Lot Features: In County, Level
  • Lot Dimensions: 660x1320
  • Flood Zone Code: X
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No
  • Month To Month Or Weekly Y N: Yes

Tax Info

  • Tax Annual Amount: 4971.79
  • Tax Block: 0
  • Tax Book Number: S--095
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2022
Closed on
Nov 18, 2022
Sold by
James And Diane Brill Trust
Bought by
Badal Krishan
Seller's Agent
Hope Wilson
RE/MAX PREMIER REALTY
Buyer's Agent
Nicole Dege
REDFIN CORPORATION
List Price
$575,000
Sold Price
$475,000
Premium/Discount to List
-$100,000
-17.39%
Views
12
Current Estimated Value
$540,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,215
Avg. Annual Appreciation
3.88%
Original Mortgage
$380,000
Outstanding Balance
$367,364
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$172,851

Purchase Details

Closed on
Feb 13, 2015
Sold by
Sapp John
Bought by
Brill James and James & Diane Brill Trust

Purchase Details

Closed on
Feb 12, 2015
Sold by
Sapp Howell Joan Meriam and Sapp Stewart Joan Meriam
Bought by
Brill James and James & Diane Brill Trust

Purchase Details

Closed on
Feb 11, 2010
Sold by
Sapp Patricia M
Bought by
Sapp Patricia M and Sapp Charles N
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Badal Krishan $475,000 Concierge Title Services
Brill James $100,000 1St Quality Title Llc
Brill James $100,000 1St Quality Title Llc
Sapp Charles N -- 1St Quality Title Llc
Brill James $100,000 1St Quality Title Llc
Sapp Patricia M -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Badal Krishan $380,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/23/2022 11/23/22 Sold $475,000 -2.1% $303 / Sq Ft
09/19/2022 09/19/22 Pending -- -- --
08/29/2022 08/29/22 Price Changed $485,000 -15.7% $309 / Sq Ft
08/26/2022 08/26/22 For Sale $575,000 -- $367 / Sq Ft
Source: Stellar MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,806 $446,167 -- --
2024 $6,487 $433,593 $263,961 $169,632
2023 $6,618 $399,157 $263,961 $135,196
2022 $5,753 $311,453 $0 $0
2021 $4,972 $283,139 $188,001 $95,138
2020 $4,811 $271,223 $188,001 $83,222
2019 $4,854 $270,921 $188,001 $82,920
2018 $4,304 $248,492 $169,011 $79,481
2017 $4,289 $246,841 $169,011 $77,830
2016 $4,323 $246,923 $0 $0
2015 $4,474 $252,201 $0 $0
2014 $4,221 $249,955 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: G5059900

Stellar MLS

APN: 44761-003-02

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