NOT LISTED FOR SALE

1950 SE 140 Terrace Morriston, FL 32668

Estimated Value: $399,000 - $532,000

2 Beds
2 Baths
1,200 Sq Ft
$412/Sq Ft Est. Value

Last Sold January 26, 2024

Last sale price $516,000 $430 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,000/month

43 Days on Market

Highlights

  • 2 Paddocks and Pastures
  • Barn
  • Open Floorplan
  • 8 Horse Stalls
  • 7.85 Acre Lot
  • Farm

About This Home

As of January 2024

BACK ON MARKET - BUYER COULD NOT PERFORM!
Welcome home to your beautiful, private 7.85 acre TURNKEY fully fenced horse farm with picture perfect 2008 Log Style home and a 2020 Amish Built 8 stall center aisle barn on two adjacent lots (sold together) on a dead end street! On the first lot: 3.69 acres featuring an Absolutely adorable 2008 2 bedroom 2 full bath log style cottage - 1200 sq ft of interior living space, plus a 10 ft wide wrap around covered porch that surrounds the entire home - great for parties, relaxing in the evening, and watching sunsets. Interior features Knotty pine paneling, wall-to-wall wide board hardwood floors. The kitchen has recessed lighting, an eating area and cute breakfast bar, and is open to the warm, inviting living room. Washer/drier area is between the bedrooms, Master bedroom has en-suite bath. Ceiling fans in living room and both bedrooms.
The barn is Amish built, separately metered, airy, with 8 stalls and a center aisle, fully matted, with separate tack room on one side, and feed room on the other, with overhead storage over both. There are wash racks/grooming areas on both ends of the barn. 2nd lot is on 4.16 acres, completely fenced and gated, with separate well, septic, electric and pad in place for a second home or barn! Currently used as pasture/turnout, the grass is established and in excellent condition. Entire property is scattered with trees, and completely fenced in with board and/or wire.
Excellent location: 14 minutes to Williston for shopping/Tractor Supply, etc. - 29 minutes to WEC, & 8 minutes to Goethe State Forest for miles and miles of riding trails! Updates - AC replaced in home in 2021 - Well control box for home replaced in Dec 2021 - pump, pressure tank and control box for well in vacant lot replaced in Dec 2022, NEW (2024 EXTERIOR STAIRS IN FRONT AND BACK OF HOME, NEW (2024) METER CAN IN BARN
This home has the option to be sold furnished.
Priced to sell - Come see it, today!

Last Agent to Sell the Property

Mary Mannis

OLYMPUS EXECUTIVE REALTY INC Brokerage Phone: 352-479-0123 License #3553222 Listed on: 12/04/2023

Last Buyer's Agent

David Hackbart

SELLSTATE NEXT GENERATION REAL License #3403587

SELLSTATE NEXT GENERATION REAL

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,624

Year Built

  • Built in 2008

Lot Details

  • 7.85 Acre Lot
  • Street terminates at a dead end
  • East Facing Home
  • Dog Run
  • Cross Fenced
  • Wood Fence
  • Board Fence
  • Wire Fence
  • Private Lot
  • Level Lot
  • Cleared Lot
  • Landscaped with Trees
  • 2 Lots in the community
  • Additional Parcels
  • Property is zoned A1

Home Design

  • Cottage
  • Cabin
  • Farm
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Log Siding

Interior Spaces

  • 1,200 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Blinds
  • Wood Flooring
  • Park or Greenbelt Views
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Range with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Solid Surface Countertops
  • Solid Wood Cabinet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • 2 Paddocks and Pastures
  • Wrap Around Porch
  • Exterior Lighting
  • Shed
  • Outdoor Grill
  • Rain Gutters
  • Private Mailbox

Farming

  • Barn
  • Farm
  • Pasture

Horse Facilities and Amenities

  • Zoned For Horses
  • 8 Horse Stalls
  • Corral
  • Round Pen
  • Stables

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • 2 Water Wells
  • Electric Water Heater
  • 2 Septic Tanks
  • High Speed Internet
  • Phone Available

Listing and Financial Details

  • Legal Lot and Block 11 / 429
  • Assessor Parcel Number 2059400000

Community Details

Overview

  • No Home Owners Association
  • Ponderosa Pines Subdivision

Pet Policy

  • Pets Allowed

Property Details

Property Type

Other

Est. Annual Taxes

$3,624

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Farm
  • Architectural Style: Cabin, Cottage
  • Construction Materials: Log, Wood Frame, Wood Siding
  • Fireplace: No
  • Living Area: 1200
  • Lot Size Acres: 7.85
  • New Construction: No
  • Year Built: 2008
  • Building Area Total: 2520
  • Lot Size Sq Ft: 341946
  • Number Of Lots: 2
  • Directions to Property: From Williston: South on FL State Road 121 - West on SE 20th Street - North on SE 140th Terrace. Property is on corner
  • Status: Sold
  • Street Direction: SE
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow City: Ocala
  • Escrow Postal Code: 34470
  • Escrow State: FL
  • Escrow Street Name: NE 25th Avenue
  • Escrow Street Number: 521
  • List Office Head Office Key Nume: 160877336
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 430.00
  • Total Acreage: 5 to less than 10
  • Unit Number YN: 0
  • Water Access YN: 0
  • Barn Features: Center Aisle,Feed Room,Frame,Horse Barn,Pole Barn,Tack Room,Washrack
  • Number Of Paddocks Pastures: 2
  • Number Of Stalls: 8
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 352-479-0123
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Wood
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Window Treatments
  • Appliances Included: Dryer, Electric Water Heater, Exhaust Fan, Freezer, Microwave, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Crawlspace, Pillar/Post/Pier
  • Total Bedrooms: 2
  • Levels: One
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 1950
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 111.48
  • Room Count: 3

Exterior Features

  • Direction Faces: East
  • Other Structures: Barn(s), Corral(s), Kennel/Dog Run, Shed(s), Storage
  • Exterior Features: Dog Run, Lighting, Outdoor Grill, Outdoor Shower, Private Mailbox, Rain Gutters, Storage
  • Roof: Shingle
  • Pool Private: No
  • View: Park/Greenbelt
  • Waterfront: No
  • Patio and Porch Features: Covered, Front Porch, Porch, Rear Porch, Side Porch, Wrap Around
  • Road Surface Type: Limerock
  • Disclosures: Seller Property Disclosure
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Farm Type: Crops,Horse,Livestock

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: BB/HS Internet Available, Electricity Connected, Phone Available, Underground Utilities, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Closet
  • Sewer: Septic Tank
  • Water Source: Well
  • Number Of Septics: 2
  • Number of Wells: 2

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Pet Restrictions: Farm

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: A1
  • Parcel Number: 2059400000
  • Additional Parcels Description: 2059300000
  • Additional Parcels: Yes
  • Fencing: Board, Cross Fenced, Fenced, Wire, Wood
  • Lot Features: Cleared, Farm, In County, Level, Pasture, Private, Street Dead-End, Zoned for Horses
  • Horse Amenities: Other, Round Pen, Stable(s)
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 31768

Rental Info

  • Furnished: Negotiable
  • Pets Allowed: Yes
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: No minimum

Tax Info

  • Tax Annual Amount: 3624
  • Tax Block: 429
  • Tax Book Number: 1286
  • Tax Lot: 11

Multi Family

  • Approval Process: No approval

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2023
Closed on
Jan 19, 2024
Sold by
Dugan John T
Bought by
Barbara D Chapman Revocable Trust and Chapman
Seller's Agent
Mary Mannis
OLYMPUS EXECUTIVE REALTY INC
Buyer's Agent
David Hackbart
SELLSTATE NEXT GENERATION REAL
List Price
$516,000
Sold Price
$516,000
Views
18
Current Estimated Value
$494,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,368
Avg. Annual Appreciation
-4.64%

Purchase Details

Listed on
Oct 27, 2012
Closed on
Mar 8, 2013
Sold by
Purkey Brian E and Purkey Cheryl B
Bought by
Jellison Sally Ann and Dugan John T
List Price
$189,000
Sold Price
$157,500
Premium/Discount to List
-$31,500
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.51%
Original Mortgage
$126,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2005
Sold by
Seals Buford and Seals Frances
Bought by
Purkey Brian E and Purkey Cheryl B

Purchase Details

Closed on
Nov 25, 1998
Sold by
Central Fl Cmnty College Foundation Inc
Bought by
Seals Ruford and Seals Frances
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
Barbara D Chapman Revocable Trust $516,000 Brick City Title
Jellison Sally Ann $157,500 Levy Abstract & Title Co
Purkey Brian E $25,000 Levy Abstract & Title Co
Seals Ruford $11,000 Advantage Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jellison Sally Ann $126,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2024 01/26/24 Sold $516,000 0.0% $430 / Sq Ft
01/17/2024 01/17/24 Pending -- -- --
01/16/2024 01/16/24 For Sale $516,000 0.0% $430 / Sq Ft
12/08/2023 12/08/23 Pending -- -- --
12/04/2023 12/04/23 For Sale $516,000 +227.6% $430 / Sq Ft
04/30/2020 04/30/20 Off Market $157,500 -- --
03/08/2013 03/08/13 Sold $157,500 -16.7% $117 / Sq Ft
01/21/2013 01/21/13 Pending -- -- --
10/25/2012 10/25/12 For Sale $189,000 -- $140 / 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
2024 $3,715 $239,000 -- --
2023 $3,775 $215,826 $0 $0
2022 $3,410 $213,202 $0 $0
2021 $3,206 $190,942 $7,510 $183,432
2020 $2,910 $162,454 $7,510 $154,944
2019 $2,821 $155,632 $7,510 $148,122
2018 $2,789 $162,654 $0 $0
2017 $2,386 $137,156 $0 $0
2016 $2,220 $118,686 $0 $0
2015 $2,120 $115,730 $0 $0
2014 $1,952 $104,070 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: OM668885

Stellar MLS

APN: 20594-000-00