Seller's Agent in 2024
Brad Busch
BUSCH REALTY
(352) 274-0909
13 in this area
45 Total Sales
3005 SE 55th Ave Ocala, FL 34480
Silver Spring Shores NeighborhoodEstimated Value: $456,000 - $459,354
8
Beds
8
Baths
3,417
Sq Ft
$134/Sq Ft
Est. Value
Highlights
- Tile Flooring
- Central Air
- Wood Siding
- Forest High School Rated A-
- High Speed Internet
- Heating Available
About This Home
As of November 2024Available Now! NEW ROOF AUGUST 2024 and RECENT DRAINFIELD. 8.6% actual capitalization rate. This high income producing quadruplex is located in the popular SE area of town. This quadruplex features four 2/2 units. The nearby amenities such as schools, groceries, shopping centers, and restaurants create a high rental rate. This translates into a very profitable opportunity for any new owner. Each unit is outfitted with its separately metered electric and interior laundry. Overall the high rental rates, brand new roof, newer drain field, and ease of management make this a very lucrative opportunity. Property is currently professionally managed. T-12 Cash flow statement attached. Please inquire today. All units individually metered for water and for electric.
Last Agent to Sell the Property
BUSCH REALTY Brokerage Phone: 352-690-1909 License #3296738 Listed on: 08/22/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,786
Year Built
- Built in 1984
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 100x110
HOA Fees
- $55 Monthly HOA Fees
Home Design
- Quadruplex
- Block Foundation
- Wood Frame Construction
- Shingle Roof
- Wood Siding
- Block Exterior
Interior Spaces
- 3,417 Sq Ft Home
- Tile Flooring
- Laundry in unit
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Schools
- Maplewood Elementary School
- Osceola Middle School
- Forest High School
Utilities
- Central Air
- Heating Available
- Aerobic Septic System
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Tenant pays for electricity, water
- Legal Lot and Block 4 / B
- Assessor Parcel Number 29698-002-04
Community Details
Overview
- 4 Units
- Of Record Association
- Greenfields Un 01 Subdivision
Pet Policy
- No Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 22, 2024
Closed on
Nov 4, 2024
Sold by
Ramnarayan Investments Llc
Bought by
Eagle Grape Land Company Llc
Seller's Agent
Brad Busch
BUSCH REALTY
Buyer's Agent
Andrew Cutrona
BLUE PEAK REALTY LLC
List Price
$499,900
Sold Price
$465,000
Premium/Discount to List
-$34,900
-6.98%
Views
20
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,911
Avg. Annual Appreciation
-1.41%
Original Mortgage
$372,000
Outstanding Balance
$367,121
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$89,968
Purchase Details
Closed on
Nov 11, 2022
Sold by
Xena Property Group Llc
Bought by
Ramnarayan Investments Llc
Purchase Details
Closed on
Sep 26, 2018
Sold by
Myers Virginia L
Bought by
Xena Property Group Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,300
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 31, 2003
Sold by
Wood Jessica H
Bought by
Myers Virginetta L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
5.95%
Purchase Details
Closed on
Aug 2, 2001
Sold by
Cone Al J
Bought by
Wood Jessica H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
6.61%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Eagle Grape Land Company Llc | $465,000 | None Listed On Document | |
| Eagle Grape Land Company Llc | $465,000 | None Listed On Document | |
| Eagle Grape Land Company Llc | $465,000 | None Listed On Document | |
| Ramnarayan Investments Llc | $337,100 | -- | |
| Xena Property Group Llc | $189,000 | Attorney | |
| Myers Virginetta L | $130,000 | -- | |
| Wood Jessica H | $104,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Eagle Grape Land Company Llc | $372,000 | |
| Closed | Eagle Grape Land Company Llc | $372,000 | |
| Previous Owner | Xena Property Group Llc | $132,300 | |
| Previous Owner | Myers Virginetta L | $104,000 | |
| Previous Owner | Wood Jessica H | $101,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/04/2024 11/04/24 | Sold | $465,000 | -3.5% | $136 / Sq Ft |
| 09/24/2024 09/24/24 | Pending | -- | -- | -- |
| 09/18/2024 09/18/24 | Price Changed | $482,000 | -3.6% | $141 / Sq Ft |
| 08/22/2024 08/22/24 | For Sale | $499,900 | -- | $146 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $7,334 | $346,800 | $30,000 | $316,800 |
| 2024 | $6,039 | $312,120 | $25,000 | $287,120 |
| 2023 | $6,039 | $293,760 | $20,000 | $273,760 |
| 2022 | $4,396 | $181,764 | $0 | $0 |
| 2021 | $3,868 | $165,240 | $20,000 | $145,240 |
| 2020 | $3,661 | $151,470 | $20,000 | $131,470 |
| 2019 | $3,595 | $145,860 | $20,000 | $125,860 |
| 2018 | $3,022 | $117,300 | $20,000 | $97,300 |
| 2017 | $2,864 | $107,100 | $19,580 | $87,520 |
| 2016 | $2,770 | $103,179 | $0 | $0 |
| 2015 | $2,652 | $93,799 | $0 | $0 |
| 2014 | $2,385 | $85,272 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Brad Busch
-
Andrew Cutrona
Buyer's Agent in 2024
Andrew Cutrona
BLUE PEAK REALTY LLC
(619) 757-8755
1 in this area
33 Total Sales
Map
Source: Stellar MLS
MLS Number: OM684438
APN: 29698-002-04
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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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