NOT LISTED FOR SALE

2420 NE 48th Ct Ocala, FL 34470

Estimated Value: $406,312 - $907,000

8 Acres
$69,760 Price per Acre
348,480 Sq Ft Lot

Last Sold December 31, 2024

Last sale price $1,000,000 $369 Per Sq Ft

Est. 44% decrease in value since last sale

Current estimated payment $3,407/month

25 Days on Market

About This Lot

As of December 2024

Rare opportunity for a developer, an owner/ user or an investor. Located within the city of Ocala, this 15.46 acres (3 parcels combine) includes a 3/2 home with inground swimming pool is less than a mile from Silver Springs Park off Hwy 40 across the street from Wal Mart supercenter. All three parcels are zoned R3, perfect for multifamily dwellings, can create a small subdivision. Three parcels combine together are able to build more than 50 single family homes. Two of the three parcels are cleared of trees. Owner has an unfinished project to develop a subdivision due to family matter. Home has been vacant for period of time, it needs renovation.

Last Agent to Sell the Property

Jin Soong

LEGACY REALTY & ASSOCIATES Brokerage Phone: 352-203-4801 License #3358684 Listed on: 04/09/2024

Last Buyer's Agent

Laurie Whelpley-Baker

SHOWCASE PROPERTIES OF CENTRAL License #3057772

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,368

Lot Details

  • 8 Acre Lot
  • 3 Lots in the community
  • Additional Parcels
  • Property is zoned R3

Schools

  • Ocala Springs Elem. Elementary School
  • Fort King Middle School
  • Vanguard High School

Listing and Financial Details

  • Assessor Parcel Number 24199-000-00

Property Details

Property Type

Land

Est. Annual Taxes

$1,368

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 8
  • Lot Size Sq Ft: 348480
  • Number Of Lots: 3
  • Status: Sold
  • Street Direction: NE
  • Ownership: Fee Simple
  • Escrow City: Ocala
  • Escrow State: FL
  • Escrow Street Name: E. Silver Springs Blvd
  • RATIO Current Price By Calculate: 2.87
  • Total Acreage: 10 to less than 20
  • Water Access YN: 0
  • Attribution Contact: 352-203-4801
  • Tax Year: 2023
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet

Exterior Features

  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View YN: 0
  • Waterfront Feet Total: 0

Utilities

  • Utilities: Public
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association 2 YN: 0

Fee Information

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

Schools

  • Elementary School: Ocala Springs Elem. School
  • High School: Vanguard High School
  • Middle Or Junior School: Fort King Middle School

Lot Info

  • Zoning: R3
  • Parcel Number: 24199-000-00
  • Additional Parcels: Yes
  • Current Use: Multi-Family
  • Lot Dimensions: n/a
  • Flood Zone Code: x, ae
  • Current Adjacent Use: Multi-Family

Tax Info

  • Tax Annual Amount: 1368.42
  • Tax Block: 0
  • Tax Book Number: 8197/1609

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2024
Closed on
Dec 30, 2024
Sold by
Wong Lai Chun
Bought by
Apa Ocala Investments Llc
Seller's Agent
Jin Soong
LEGACY REALTY & ASSOCIATES
Buyer's Agent
Laurie Whelpley-Baker
SHOWCASE PROPERTIES OF CENTRAL
List Price
$1,230,000
Sold Price
$1,000,000
Premium/Discount to List
-$230,000
-18.7%
Views
11
Current Estimated Value
$558,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$441,922
Avg. Annual Appreciation
-44.19%

Purchase Details

Closed on
Jan 19, 2021
Sold by
Cheung Wah and Chung Lai
Bought by
Chung Lai

Purchase Details

Closed on
Mar 29, 2004
Sold by
Steen Arthur A and Steen Joy
Bought by
Steen Arthur A and Steen Joy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Apa Ocala Investments Llc $1,000,000 First American Title Insurance
Chung Lai -- Accommodation
Steen Arthur A -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/31/2024 12/31/24 Sold $1,000,000 -18.7% $369 / Sq Ft
05/05/2024 05/05/24 Pending -- -- --
04/09/2024 04/09/24 For Sale $1,230,000 +272.7% $454 / Sq Ft
09/15/2016 09/15/16 Sold $330,000 -9.6% $122 / Sq Ft View Prior Sale
08/09/2016 08/09/16 Pending -- -- --
07/12/2016 07/12/16 For Sale $365,000 -- $135 / 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
2025 $5,903 $351,113 $81,476 $269,637
2024 $4,427 $213,694 -- --
2023 $4,078 $194,267 $0 $0
2022 $3,729 $176,606 $0 $0
2021 $2,284 $160,551 $0 $0
2020 $2,265 $158,334 $0 $0
2019 $2,229 $154,774 $0 $0
2018 $2,114 $151,888 $0 $0
2017 $2,075 $148,764 $32,386 $116,378
2016 $1,918 $138,593 $0 $0
2015 $1,928 $137,630 $0 $0
2014 $1,814 $136,538 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jin Soong

    Seller's Agent in 2024

    Jin Soong

    LEGACY REALTY & ASSOCIATES

    (352) 203-4801

    2 in this area

    14 Total Sales

    Jin Soong
    Section Image
  • Laurie Whelpley-Baker

    Buyer's Agent in 2024

    Laurie Whelpley-Baker

    SHOWCASE PROPERTIES OF CENTRAL

    (352) 843-5300

    1 in this area

    55 Total Sales

    Laurie Whelpley-Baker
    Section Image

  • J

    Buyer Co-Listing Agent in 2024

    Jose Pontes

    WRA BUSINESS & REAL ESTATE

    (407) 512-1008

    1 in this area

    33 Total Sales

    Jose Pontes
    Section Image
  • Snow Chou

    Buyer's Agent in 2016

    Snow Chou

    KELLER WILLIAMS CORNERSTONE RE

    (352) 598-4408

    18 Total Sales

    Snow Chou
    Section Image
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Map

Source: Stellar MLS

MLS Number: OM676453

Stellar MLS

APN: 24228-002-00

Florida Marion County Ocala 34470

2420 NE 48th Ct, Ocala, FL

Not Listed for Sale

Lots

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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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