NOT LISTED FOR SALE

29 NE 1st Ave Ocala, FL 34470

Downtown Ocala Neighborhood

Estimated Value: $1,726,402

3 Beds
4 Baths
9,918 Sq Ft
$174/Sq Ft Est. Value

Last Sold May 11, 2016

Last sale price $210,000 $21 Per Sq Ft

Est. 722% increase in value since last sale

Current estimated payment $11,332/month

84 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Heating System Uses Natural Gas
  • Vanguard High School Rated A-

About This Home

As of May 2016

2 BUILDINGS FOR THE PRICE OF ONE! 2-story commercial structure just one block from Downtown Square. 1st floor has been utilized as retail space and is now vacant. Includes showroom areas, private office, restrooms and storage areas. Large walk-in safe available in 1st floor. Building features 3 residential apartments (vacant) on the 2nd floor each with 1B/1B, living room, kitchen and storage areas. Common areas include stairway, hallway, mechanical room. Parking on site and public parking across the street.

Last Agent to Sell the Property

Bert Meadows

MEADOWS REALTY, LLC License #0430844 Listed on: 01/27/2016

Last Buyer's Agent

Nolan Galloway

GUS GALLOWAY REALTY INC License #3057213

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,953

Year Built

  • Built in 1917

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 56x116

Parking

  • 1 to 5 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Built-Up Roof

Interior Spaces

  • 2-Story Property

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms

Home Security

  • Security Lights
  • Fire Sprinkler System

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 8 Buildings
  • 4 Units
  • 9,918 Sq Ft Building
  • Old Survey Subdivision

Listing and Financial Details

  • Property Available on 1/27/16
  • Legal Lot and Block 2 / 64
  • Assessor Parcel Number 2823-064-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,953

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Brick
  • Fireplace: No
  • Lot Size Acres: 0.15
  • New Construction: No
  • Year Built: 1917
  • Building Area Total: 9918
  • Lot Size Sq Ft: 6534
  • Directions to Property: From HWY 441/27 go East on HWY 200 (turns into 1st AVE) go past the Downtown Square, one block on right.
  • Status: Sold
  • Street Direction: NE
  • List Office Head Office Key Nume: 502667973
  • Total Acreage: Up to 10,889 Sq. Ft.
  • Water Access YN: 0
  • Sale Includes: Building(s) and Land
  • Last Date Available: 2017-01-27T00:00:00.000
  • Tax Year: 2018
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Laminate, Wood
  • Full Bathrooms: 4
  • Total Bedrooms: 3
  • Levels: Two
  • Stories: 2
  • Street Number Modifier: 29
  • Room Count: 0

Exterior Features

  • Exterior Features: Other
  • Roof: Built-Up
  • Water Extras YN: 0
  • Water View YN: 0

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Parking Spaces - 1 to 5

Utilities

  • Utilities: Cable Available, Street Lights
  • Cooling: Central Air
  • Heating: Electric, Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Security: Fire Sprinkler System, Security Lights

Lot Info

  • Zoning: B-3 Specialty Business
  • Parcel Number: 2823-064-001
  • Additional Parcels: No
  • Lot Dimensions: 56x116
  • Homestead YN: 0

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2016-01-27
  • Long Term YN: 0

Multi Family

  • Number Of Units Total: 4
  • Total Num Buildings: 8
  • Unit Count: 0

Tax Info

  • Tax Annual Amount: 4953
  • Tax Block: 64
  • Tax Book Number: A-134
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2024
Sold by
Brickcity 29 Llc
Bought by
Doom Ventures Llc
Current Estimated Value
$1,726,402

Purchase Details

Closed on
Jun 26, 2019
Sold by
Downtown Ocala 29 Llc
Bought by
Brickcity 29 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$807,500
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 24, 2016
Sold by
N C 7 Llc
Bought by
Downtown Ocala 29 Llc

Purchase Details

Listed on
Jan 27, 2016
Closed on
May 10, 2016
Sold by
Citizens First Bank
Bought by
N And C 7 Llc
Seller's Agent
Bert Meadows
MEADOWS REALTY, LLC
Buyer's Agent
Nolan Galloway
GUS GALLOWAY REALTY INC
List Price
$399,900
Sold Price
$210,000
Premium/Discount to List
-$189,900
-47.49%

Purchase Details

Closed on
Jan 21, 2016
Sold by
Bennett Gary L and Bennett Doris
Bought by
Citizens First Bank

Purchase Details

Closed on
Jan 1, 2016
Bought by
Downtown Ocala 29 Llc

Purchase Details

Closed on
Aug 1, 2006
Sold by
City Of Ocala
Bought by
Bennett Gary L and Bennett Doris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.67%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Doom Ventures Llc $1,850,000 None Listed On Document
Brickcity 29 Llc $950,000 First American Title Ins Co
Downtown Ocala 29 Llc $280,000 None Available
N And C 7 Llc $210,000 None Available
Citizens First Bank -- None Available
Downtown Ocala 29 Llc $200 --
Bennett Gary L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brickcity 29 Llc $807,500
Previous Owner Bennett Gary L $200,000
Previous Owner Bennett Gary L $400,000
Previous Owner Bennett Gary L $300,000
Previous Owner Bennett Gary L $50,000
Previous Owner Bennett Gary L $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2020 04/23/20 Off Market $210,000 -- --
05/11/2016 05/11/16 Sold $210,000 -47.5% $21 / Sq Ft
04/20/2016 04/20/16 Pending -- -- --
01/27/2016 01/27/16 For Sale $399,900 -- $40 / 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 $23,329 $1,034,985 -- --
2023 $23,329 $940,895 $38,976 $901,919
2022 $17,853 $858,504 $38,976 $819,528
2021 $17,166 $800,275 $38,976 $761,299
2020 $15,945 $797,112 $38,976 $758,136
2019 $9,580 $638,663 $38,976 $599,687
2018 $6,945 $349,167 $38,976 $310,191
2017 $4,781 $236,797 $38,976 $197,821
2016 $4,979 $243,873 $0 $0
2015 $5,055 $246,724 $0 $0
2014 $4,593 $239,530 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bert Meadows

    Seller's Agent in 2016

    Bert Meadows

    MEADOWS REALTY, LLC

    (352) 598-6084

    226 Total Sales

    Bert Meadows
    Section Image
  • Nolan Galloway

    Buyer's Agent in 2016

    Nolan Galloway

    GUS GALLOWAY REALTY INC

    (352) 572-9109

    7 in this area

    87 Total Sales

    Nolan Galloway
    Section Image
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Map

Source: Stellar MLS

MLS Number: OM438064

Stellar MLS

APN: 2823-064-001

Florida Marion County Ocala 34470 Downtown Ocala

29 NE 1st Ave, Ocala, FL

This home is located at 29 NE 1st Ave, Ocala, FL 34470 since 27 January 2016 and is currently priced at $1,726,402, approximately $174 per square foot. This property was built in 1917. 29 NE 1st Ave is a home located in Marion County with nearby schools including Wyomina Park Elementary School, Fort King Middle School, and Vanguard High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



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

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