NOT LISTED FOR SALE
64 Beds
-- Baths
34,276 Sq Ft
1.88 Acre Lot

Sale Details

Date Sold: December 6, 2013

Last sale price $1,600,000 $47 Per Sq Ft

273 Days on Market

Highlights

  • 1.88 Acre Lot
  • Carpet
  • Heating Available
  • Central Air

About This Home

As of December 2013

Great 46 unit apartment complex near downtown Ocala. Eighteen - 2 bedroom/1 bath, and 28 - 1 bedroom/1 bath units. Approximately $600,000 in renovations done in 2005. Large inground pool and coin operated laundry on site. Used a 3% vacancy factor in determining gross income. Did not figure in any management expenses or repairs. Normally full.

Last Agent to Sell the Property

Ronald Hills

CRYSTAL SNOOK REAL ESTATE License #0410134 Listed on: 02/05/2013

Last Buyer's Agent

Ronald Hills

CRYSTAL SNOOK REAL ESTATE License #0410134 Listed on: 02/05/2013

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,753

Year Built

  • Built in 1972

Lot Details

  • 1.88 Acre Lot
  • Lot Dimensions are 320x256

Home Design

  • Shingle Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 64 Bedrooms
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Utilities

  • Central Air
  • Heating Available
  • 220 Volts
  • Cable TV Available

Listing and Financial Details

  • Property Available on 2/5/13
  • Tax Lot 21
  • Assessor Parcel Number 28335-021-16

Community Details

Overview

  • 34,276 Sq Ft Building
  • Orangeview Subdivision

Building Details

  • Gross Income $260,736
  • Net Operating Income $195,214

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,753

Year Built

Built in 1972

Lot Details

1.88 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Block, Concrete
  • Fireplace: No
  • Lot Size Acres: 1.88
  • New Construction: No
  • Year Built: 1972
  • Building Area Total: 34276
  • Lot Size Sq Ft: 81893
  • Status: Sold
  • Street Direction: NE
  • Total Acreage: One + to Two Acres
  • Water Access YN: 0
  • Sale Includes: Building(s) and Land
  • Last Date Available: 2014-01-20T00:00:00.000
  • Tax Year: 2018
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Vinyl
  • Total Bedrooms: 64
  • Levels: Two
  • Stories: 2

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Water View YN: 0

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Cable Available
  • Cooling: Central Air
  • Electric: 220 Volts
  • Heating: Electric
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Zoning: R-3 Mulitple Family Dwell
  • Parcel Number: 28335-021-16
  • Additional Parcels: No
  • Lot Dimensions: 320x256

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2013-02-05
  • Long Term YN: 0

Multi Family

  • Net Operating Income: 195214
  • Gross Income: 260736
  • Unit Count: 0

Tax Info

  • Tax Annual Amount: 20753.3
  • Tax Book Number: B-206
  • Tax Lot: 21

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2018
Sold by
Florida Homes 5 Llc
Bought by

Purchase Details

Closed on
Jul 6, 2015
Sold by
Summercrest Llc
Bought by
Florida Homes 5 Llc

Purchase Details

Listed on
Feb 5, 2013
Closed on
Dec 3, 2013
Sold by
Passarelli Nancie
Bought by
Summercrest Llc
Seller's Agent
Ronald Hills
CRYSTAL SNOOK REAL ESTATE
Buyer's Agent
Ronald Hills
CRYSTAL SNOOK REAL ESTATE
List Price
$1,999,999
Sold Price
$1,600,000
Premium/Discount to List
-$399,999
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 5, 2005
Sold by
Passarelli Arthur and The Arthur Passareli Living Tr
Bought by
Passarelli Nancie

Purchase Details

Closed on
Nov 1, 2004
Sold by
Loevner Helen and Loevner Richard
Bought by
Passarelli Arthur and Arthur Passarelli Living Trust
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,150,000 Blue Marlin Title Corp
Florida Homes 5 Llc $1,725,000 Blue Marlin Title Corp
Summercrest Llc $1,600,000 First International Title
Passarelli Nancie -- --
Passarelli Arthur $1,400,000 Superior Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $500,000
Previous Owner Passarelli Nancie $500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/30/2020 04/30/20 Off Market $1,600,000 -- --
12/06/2013 12/06/13 Sold $1,600,000 -20.0% $47 / Sq Ft
11/05/2013 11/05/13 Pending -- -- --
02/05/2013 02/05/13 For Sale $1,999,999 -- $58 / Sq Ft
Source: Stellar MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $94,319 $4,635,330
2024 $98,136 $4,890,515
2023 $90,772 $4,445,923 $0 $0
2022 $77,559 $4,041,748 $327,680 $3,714,068
2021 $65,394 $2,762,634 $163,840 $2,598,794
2020 $48,703 $2,756,849 $163,840 $2,593,009
2019 $43,734 $2,368,736 $122,880 $2,245,856
2018 $30,386 $1,674,215 $122,880 $1,551,335
2017 $28,046 $1,518,477 $122,880 $1,395,597
2016 $27,548 $1,473,315 $0 $0
2015 $26,692 $1,405,420 $0 $0
2014 $23,099 $1,306,661 $0 $0
Source: Public Records

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Map

Source: Stellar MLS

MLS Number: OM385879

Stellar MLS
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