NOT LISTED FOR SALE

302 SE Broadway St Unit 420 Ocala, FL 34471

Downtown Ocala Neighborhood

Estimated Value: $369,000 - $446,000

2 Beds
2 Baths
1,273 Sq Ft
1,307 Sq Ft Lot

Last Sold February 23, 2022

Last sale price $335,000 $263 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,822/month

Highlights

  • The property is located in a historic district
  • Furnished
  • Balcony
  • Eighth Street Elementary School Rated A-
  • Covered Patio or Porch
  • Eat-In Kitchen

About This Home

As of March 2023

Experience the ultimate at “The Penthouse” in downtown Ocala within footsteps of all the fine restaurants, shopping, entertainment and even a weekly farmers market.
Check out this immaculate, industrial two-bedroom, two-bathroom apartment with concrete floors, thirteen-foot-high ceilings, porch and two private parking spaces. Extensive kitchen includes white, modern cabinetry, quartz countertops, Boos butcher block island, bar area, built in wine cooler, pantry, large sink and more. Master suite includes separate his and hers walk in custom closets, large bathroom, and tub/shower with a view of downtown Ocala. Electric fireplace/heater for that extra ambiance. New Front end load washer and dryer. With rooftop access for those special occasions. The rent amount does not include the resident benefit package fee of $25/month or other applicable fees. Renter's insurance is required and part of the resident benefit package.

Last Agent to Rent the Property

Clay Lehman

RESOLUTE PROPERTY MANAGEMENT License #3373140 Listed on: 01/23/2023

Last Renter's Agent

Clay Lehman

RESOLUTE PROPERTY MANAGEMENT License #3373140 Listed on: 01/23/2023

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,038

Year Built

  • Built in 2016

Lot Details

  • 1,307

Interior Spaces

  • 1,273 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Security Lights
  • Laundry in unit

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Schools

  • Eighth Street Elem. Elementary School
  • Vanguard High School

Utilities

  • Central Air
  • Heat Pump System

Additional Features

  • Customized Wheelchair Accessible
  • The property is located in a historic district

Listing and Financial Details

  • Residential Lease
  • Property Available on 7/18/17
  • Long Term Lease
  • $70 Application Fee
  • Assessor Parcel Number 2823-0050420

Community Details

Overview

  • Property has a Home Owners Association
  • 302 Broadway Association
  • Old Survey Subdivision

Pet Policy

  • Dogs and Cats Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$7,038

Year Built

Built in 2016

Lot Details

0

Rental Info

  • Furnished: Furnished
  • Lease Amount Frequency: Monthly
  • Pets Allowed: Cats OK, Dogs OK
  • Lease Fee: 350
  • Long Term Y N: Yes
  • Application Fee: 70
  • Additional Applicant Fee: 70
  • Available Date: 2017-07-18

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Fireplace: No
  • Living Area: 1273
  • Lot Size Acres: 0.03
  • New Construction: No
  • Year Built: 2016
  • Accessibility Features: Customized Wheelchair Accessible
  • Building Area Total: 1362
  • Lot Size Sq Ft: 1307
  • Owner Pays: None
  • Directions to Property: State Road 40 to SE Watula. South on SE Watula to building on right (east)
  • Status: Leased
  • Street Direction: SE
  • Floor Number: 4
  • Unit Number Y N: Yes
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 1.81
  • Close to Original List Price Ratio: 0.67647
  • Ratio: Current Price\Building Area Total: 1.69
  • View: No
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Other
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Total Bedrooms: 2
  • Levels: One
  • Street Number Modifier: 302

Exterior Features

  • Pool Features: Other
  • Exterior Features: Balcony
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Covered, Patio
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Utilities: Electricity Connected, Street Lights
  • Cooling: Central Air
  • Heating: Electric, Heat Pump
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: None
  • Association Name: 302 Broadway
  • Association: Yes
  • Security: Security Lights
  • Senior Community: No
  • Association Fee Requirement: Required

Schools

  • Elementary School: Eighth Street Elem. School
  • High School: Vanguard High School

Lot Info

  • Parcel Number: 2823-0050420
  • Lot Features: Historic District
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2022
Closed on
Feb 23, 2022
Sold by
Caitlin Cope
Bought by
Morton Maxwell
Seller's Agent
Jennifer Kennedy
OCALA REALTY WORLD LLC
Buyer's Agent
Jennifer Kennedy
OCALA REALTY WORLD LLC
List Price
$345,000
Sold Price
$335,000
Premium/Discount to List
-$10,000
-2.9%
Current Estimated Value
$413,240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,240
Avg. Annual Appreciation
6.12%
Original Mortgage
$215,000
Outstanding Balance
$200,402
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$213,217

Purchase Details

Listed on
Jul 18, 2017
Closed on
Mar 1, 2019
Sold by
C & L Smith Holdings Broadway Llc
Bought by
Cope Milton
Seller's Agent
Elizabeth Futch
SCHATT REALTY
Buyer's Agent
Elizabeth Futch
SCHATT REALTY
List Price
$299,000
Sold Price
$260,000
Premium/Discount to List
-$39,000
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.85%
Original Mortgage
$234,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 13, 2018
Sold by
Smith Charles J
Bought by
C & L Smith Holdings Broadway Llc

Purchase Details

Closed on
Aug 1, 2016
Bought by
Smith Charles J
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
Morton Maxwell $335,000 Equitable Title
Morton Maxwell $335,000 Equitable Title
Cope Milton $260,000 Marrion Lake Sumter Ttl Llc
C & L Smith Holdings Broadway Llc -- Attorney
Smith Charles J $234,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morton Maxwell $215,000
Closed Morton Maxwell $215,000
Previous Owner Cope Milton $234,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2023 03/02/23 Rented $2,300 0.0% --
02/14/2023 02/14/23 Price Changed $2,300 -8.0% $2 / Sq Ft
02/07/2023 02/07/23 Price Changed $2,500 -10.7% $2 / Sq Ft
01/25/2023 01/25/23 Price Changed $2,800 -17.6% $2 / Sq Ft
01/23/2023 01/23/23 For Rent $3,400 0.0% --
02/23/2022 02/23/22 Sold $335,000 -2.9% $278 / Sq Ft
01/24/2022 01/24/22 Pending -- -- --
01/21/2022 01/21/22 For Sale $345,000 +32.7% $287 / Sq Ft
03/01/2019 03/01/19 Sold $260,000 -13.0% $204 / Sq Ft
01/28/2019 01/28/19 Pending -- -- --
07/18/2017 07/18/17 For Sale $299,000 -- $235 / 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 $7,038 $354,882 $216,429 $138,453
2023 $7,038 $308,762 $166,427 $142,335
2022 $5,424 $273,752 $166,427 $107,325
2021 $5,158 $254,137 $51,427 $202,710
2020 $4,298 $215,784 $28,313 $187,471
2019 $4,247 $211,339 $28,313 $183,026
2018 $3,882 $195,993 $28,313 $167,680
2017 $3,869 $192,466 $28,313 $164,153
2016 $0 $13,620 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: OM651944

Stellar MLS

APN: 2823-0050420