NOT LISTED FOR SALE

31 Teak Run Ocala, FL 34472

Silver Spring Shores Neighborhood

Estimated Value: $208,000 - $245,000

0.25 Acre
$904,404 Price per Acre
10,890 Sq Ft Lot

Last Sold April 13, 2020

Last sale price $12,000

Est. 1,725% increase in value since last sale

Current estimated payment $1,396/month

1 Day on Market

Highlights

  • Corner Lot
  • Forest High School Rated A-
  • Heating Available

About This Lot

As of April 2020

AFFORDABLE, FLAT, CORNER BUILDING LOT IN PRIME LOCATION. 1/4 Acre CLEARED lot on a quiet street close to shops, restaurants and main roads. This is (1) of (4) Lots FOR SALE BY SAME SELLER. Buy this land as an investment or buy a land/home package and start building today! Site built homes only, NO MOBILE HOMES!

Last Agent to Sell the Property

Joseph Gallagher

REDI REAL ESTATE, LLC License #3268991 Listed on: 03/04/2020

Last Buyer's Agent

Chris Milton

BEARING POINT REAL EST GROUP License #3171299

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $197

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 88x126
  • Southwest Facing Home
  • Corner Lot
  • Property is zoned R1

Schools

  • Maplewood Elementary School
  • Fort King Middle School
  • Forest High School

Utilities

  • Well Required
  • Septic Needed

Community Details

  • Property has a Home Owners Association
  • Silver Spgs Shores Un 23 Subdivision

Listing and Financial Details

  • Legal Lot and Block 31 / 496
  • Assessor Parcel Number 9023-0496-31

Property Details

Property Type

Land

Est. Annual Taxes

$197

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10890
  • Status: Sold
  • Total Acreage: 1/4 to less than 1/2
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 1.1
  • Close to Original List Price Ratio: 1
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2019
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet

Exterior Features

  • Direction Faces: Southwest
  • Road Frontage Type: City Street
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View Y N: No
  • Front Footage: 88
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: None

Garage/Parking

  • Open Parking: No

Utilities

  • Utilities: Electrical Nearby
  • Sewer: Septic Needed
  • Water Source: Well Required
  • Cooling Y N: No
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee Requirement: None

Schools

  • Elementary School: Maplewood Elementary School-M
  • High School: Forest High School
  • Middle Or Junior School: Fort King Middle School

Lot Info

  • Zoning: R1
  • Parcel Number: 9023-0496-31
  • Additional Parcels: No
  • Lot Features: Buildable, Corner Lot, In County
  • Lot Dimensions: 88x126
  • Price Per Acre: 48000
  • Flood Zone Code: x
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • For Lease Y N: No

Tax Info

  • Tax Annual Amount: 197.17
  • Tax Block: 496
  • Tax Book Number: J-181
  • Tax Lot: 31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2022
Sold by
Geica Doina S
Bought by
Khan Azan M and Khan Shobhawattie
Current Estimated Value
$219,029

Purchase Details

Closed on
Feb 14, 2003
Sold by
Va
Bought by
Geica Doina S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,767
Interest Rate
5.93%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 10, 2002
Sold by
Timmons James A and Lucky Janet
Bought by
Va
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
Khan Azan M $170,000 Brick City Title Insurance Age
Geica Doina S $94,800 --
Va -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Geica Doina S $93,767
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2020 04/13/20 Sold $12,000 0.0% --
03/05/2020 03/05/20 Pending -- -- --
03/04/2020 03/04/20 For Sale $12,000 -- --
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 $3,007 $199,271 $23,000 $176,271
2024 $2,772 $194,782 $21,000 $173,782
2023 $2,761 $192,833 $19,000 $173,833
2022 $2,614 $129,822 $0 $0
2021 $2,373 $130,923 $11,000 $119,923
2020 $2,132 $108,782 $10,000 $98,782
2019 $1,978 $97,537 $10,000 $87,537
2018 $1,800 $90,626 $7,200 $83,426
2017 $1,729 $87,906 $6,600 $81,306
2016 $1,630 $76,473 $0 $0
2015 $1,473 $69,521 $0 $0
2014 $1,430 $70,561 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joseph Gallagher

    Seller's Agent in 2020

    Joseph Gallagher

    REDI REAL ESTATE, LLC

    (352) 512-8130

    46 in this area

    402 Total Sales

    Joseph Gallagher
    Section Image

  • C

    Buyer's Agent in 2020

    Chris Milton

    BEARING POINT REAL EST GROUP

    (352) 816-0886

    211 in this area

    312 Total Sales

    Chris Milton
    Section Image
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Map

Source: Stellar MLS

MLS Number: OM601098

Stellar MLS

APN: 9023-0477-20

Florida Marion County Ocala 34472 Silver Spring Shores

31 Teak Run, Ocala, FL

Not Listed for Sale

Lots

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.

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

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