NOT LISTED FOR SALE

Estimated Value: $219,000 - $1,803,000

44 Beds
22 Baths
15,510 Sq Ft
$55/Sq Ft Est. Value

Last Sold February 26, 2020

Last sale price $1,220,000 $79 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $4,733/month

34 Days on Market

Highlights

  • 3.2 Acre Lot
  • Corner Lot
  • Cooling System Mounted To A Wall/Window
  • Dr. N.H. Jones Elementary School Rated A-
  • No HOA
  • Landscaped with Trees

About This Home

As of February 2020

Portfolio consists of 22 Unit(s) - 11 Duplex(s) located in Ocala FL close to downtown (1.5 miles), and walking distance to Hospital (1.0 miles) and main thoroughfare Highway 200 which is Ocala's retail hub(i.e. 0.7miles to Target). Property is city zoned R-2 and sits in city limits. Duplex(s) are constructed out of concrete block and metal roofing. Property has been well maintained by the owner and property management. All units are on city sewer and water, 6 parcels make up sale. All units have upgraded electrical/boxes 2014/2015, on demand hot water tanks 2014/2019, Custom brand window sliders ,doors. All buildings have 2014 Galv/Al roofs and more. Portfolio maybe split and sold individually, price per duplex $120,000. OM Package available with additional information and financials.

Last Agent to Sell the Property

Thomas Oldenborg

RE/MAX PREMIER REALTY LADY LK License #3383087 Listed on: 11/12/2019

RE/MAX PREMIER REALTY LADY LK

Last Buyer's Agent

Stellar Non-Member Agent

Stellar Non-Member Office

Stellar Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,603

Year Built

  • Built in 1966

Lot Details

  • 3.2 Acre Lot
  • Corner Lot
  • Landscaped with Trees

Home Design

  • Metal Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 15,510 Sq Ft Home
  • 1-Story Property
  • Terrazzo Flooring

Bedrooms and Bathrooms

  • 44 Bedrooms
  • 22 Full Bathrooms

Parking

  • Over 30 Parking Spaces
  • 13 to 18 Parking Spaces
  • 19 to 30 Parking Spaces

Location

  • City Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Space Heater
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • 22 Units
  • 15,400 Sq Ft Building
  • Anderson Add Subdivision

Listing and Financial Details

  • Property Available on 11/12/19
  • Legal Lot and Block 16 / 119
  • Assessor Parcel Number 2262-119-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,603

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Block, Concrete
  • Fireplace: No
  • Living Area: 15510
  • Lot Size Acres: 3.2
  • New Construction: No
  • Year Built: 1966
  • Building Area Total: 15400
  • Lease Term: 24 Months
  • Lot Size Sq Ft: 16988
  • Directions to Property: Hwy 200 North towards downtown Ocala. Turn Left at traffic light for SW 16th Ave. Left on SW 7th ST.
  • Status: Sold
  • Street Direction: SW
  • Homestead Y N: No
  • Total Acreage: 2 to less than 5
  • Ratio: Close Price\List Price: 0.93846
  • Price per Sq Ft: 78.66
  • Close to Original List Price Ratio: 0.93846
  • Ratio: Current Price\Building Area Total: 79.22
  • View: No
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Terrazzo
  • Full Bathrooms: 22
  • Total Bedrooms: 44
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 1804
  • Number Of Buildings: 44
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: Other
  • Roof: Metal
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: 13 to 18 Spaces, 19 to 30 Spaces, Other, Over 30 Spaces
  • Open Parking: No

Utilities

  • Utilities: Electricity Connected
  • Cooling: Wall/Window Unit(s)
  • Heating: Space Heater, Wall Units / Window Unit
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: R-2 One and Two Fam. Dwel
  • Parcel Number: 2262-119-016
  • Additional Parcels: No
  • Lot Features: Corner Lot, City Lot
  • Lot Dimensions: 100.0 ft x 170.0 ft
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Long Term Y N: No
  • Available Date: 2019-11-12

Multi Family

  • Number Of Units Total: 22

Tax Info

  • Tax Annual Amount: 9602.76
  • Tax Block: 119
  • Tax Book Number: A-078
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2019
Closed on
Feb 24, 2020
Sold by
Doss Mona G and Doss Amended Mona G
Bought by
William C Mcasters Llc
Seller's Agent
Thomas Oldenborg
RE/MAX PREMIER REALTY LADY LK
Buyer's Agent
Stellar Non-Member Agent
Stellar Non-Member Office
List Price
$1,300,000
Sold Price
$1,220,000
Premium/Discount to List
-$80,000
-6.15%
Total Days on Market
34
Current Estimated Value
$846,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$374,000
Avg. Annual Appreciation
-1.48%
Original Mortgage
$877,500
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 12, 2014
Sold by
Chapman Nancy J
Bought by
Doss Mona G
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
William C Mcasters Llc $1,220,000 Stewart Title Company
Doss Mona G $390,000 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open William C Mcmasters Llc $900,000
Previous Owner William C Mcmasters Llc $877,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2020 02/26/20 Sold $1,220,000 -6.2% $79 / Sq Ft
12/16/2019 12/16/19 Pending -- -- --
11/12/2019 11/12/19 For Sale $1,300,000 -- $84 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

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
2023 $2,914 $123,930 $17,680 $106,250
2022 $2,310 $113,653 $0 $0
2021 $2,539 $102,000 $7,280 $94,720
2020 $1,205 $91,800 $7,280 $84,520
2019 $876 $50,888 $3,120 $47,768
2018 $790 $46,874 $3,120 $43,754
2017 $691 $37,412 $2,600 $34,812
2016 $648 $34,678 $0 $0
2015 $654 $34,425 $0 $0
2014 $641 $36,261 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: OM565953

Stellar MLS

APN: 2262-119-016