NOT LISTED FOR SALE

Estimated Value: $644,000 - $700,000

8 Beds
8 Baths
3,888 Sq Ft
$175/Sq Ft Est. Value

Last Sold June 02, 2023

Last sale price $700,000 $180 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $4,431/month

64 Days on Market

Highlights

  • Open Floorplan
  • Covered patio or porch
  • Walk-Up Access
  • No HOA
  • Central Air
  • Heating Available

About This Home

As of June 2023

Great investment income-producing property. Back on the market buyers could not perform. You don't have to wait for a new build. This property is less than three years old. All units are leased and low-maintenance property. Quadraplex, and each unit is a 2BR/2BA. Features an open floor plan, nice size kitchen with granite countertops, appliances, wood-look vinyl plank flooring, and washer and dryer connections; gutter package and Sprinkler system to help reduce the owner's insurance and liability. The Silver Springs Shores location is excellent for tenant retention, close to Belleview and Ocala for easy commutes. The property is in a sought-after school zone. Shopping and restaurants nearby in a growing community.

Last Agent to Sell the Property

Virginia Wright

HOOK & LADDER REALTY OF CENTRAL FLORIDA, LLC License #695370 Listed on: 02/09/2023

Last Buyer's Agent

Richard Gailey

GAILEY ENTERPRISES REAL ESTATE License #3397595

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,517

Year Built

  • Built in 2020

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 100x200

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Concrete Siding
  • Stucco

Interior Spaces

  • 3,888 Sq Ft Home
  • Open Floorplan
  • Laminate Flooring
  • Walk-Up Access
  • Laundry in unit

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Covered patio or porch
  • Rain Gutters
  • Private Mailbox

Schools

  • Legacy Elementary School
  • Belleview Middle School
  • Belleview High School

Utilities

  • Central Air
  • Heating Available
  • Thermostat
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 3,888 Sq Ft Building
  • Association Phone (904) 831-8006
  • Silver Spgs Shores Un 24 Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,517

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Quadruplex
  • Construction Materials: Concrete, Stucco
  • Fireplace: No
  • Living Area: 3888
  • Lot Size Acres: 0.46
  • New Construction: No
  • Year Built: 2020
  • Building Area Total: 3888
  • Lot Size Sq Ft: 20038
  • Directions to Property: From Orlando Interstate 75 Exit on St Road 200 to Head northeast on SW College Rd. Follow SW 34th Ave and SW 33rd Ave to SW 42nd St. Continue on SW 42nd St to SE 31st St. Turn left at the 1st cross street onto SW 42nd St changes to SW 32nd St changes to SE 31st St; continue to State Rte 464 E Then take a right onto Maricamp road to Right onto Baseline/Se 58th AVE to the right onto Laurel road to left onto Laurel pass.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Escrow City: Ocala
  • Escrow Postal Code: 34474
  • Escrow State: FL
  • Escrow Street Name: SW College Road, Suite #103
  • Escrow Street Number: 4701
  • List Office Head Office Key Nume: 159571168
  • RATIO Current Price By Calculate: 180.04
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 0
  • Property Description: Walk-Up
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Laminate
  • Interior Amenities: Open Floorplan, Thermostat
  • Appliances Included: Dishwasher, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 8
  • Levels: One
  • Street Number Modifier: 33
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 361.21

Exterior Features

  • Exterior Features: Private Mailbox, Rain Gutters
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Covered, Front Porch, Patio
  • Road Surface Type: Paved
  • Disclosures: Other Disclosures
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Phone: 904.831.8006
  • Association: No
  • Security: Fire Sprinkler System, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

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

Schools

  • Elementary School: Legacy Elementary School
  • High School: Belleview High School
  • Middle Or Junior School: Belleview Middle School

Lot Info

  • Zoning: R3
  • Parcel Number: 9024-0541-02
  • Additional Parcels: No
  • Lot Features: In County, Paved
  • Lot Dimensions: 100x200
  • Flood Zone Code: x
  • Lot Size Square Meters: 1862

Green Features

  • Green Verification Count: 0

Multi Family

  • Number Of Units Total: 4
  • Total Num Buildings: 1
  • Unit Count: 4

Tax Info

  • Tax Annual Amount: 6516.55
  • Tax Block: 541
  • Tax Book Number: J-188
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2023
Closed on
Jun 2, 2023
Sold by
Shedd Barbara and Shedd Matthew A
Bought by
Candelario Nicolas
Seller's Agent
Virginia Wright
HOOK & LADDER REALTY OF CENTRAL FLORIDA, LLC
Buyer's Agent
Richard Gailey
GAILEY ENTERPRISES REAL ESTATE
List Price
$720,000
Sold Price
$700,000
Premium/Discount to List
-$20,000
-2.78%
Total Days on Market
64
Views
248
Current Estimated Value
$680,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,577
Avg. Annual Appreciation
-1.41%
Original Mortgage
$600,000
Outstanding Balance
$580,300
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
$100,123

Purchase Details

Listed on
Nov 5, 2020
Closed on
Dec 21, 2020
Sold by
Silver Creek Crossing Llc
Bought by
Shedd Barbara and Shedd Matthew A
Seller's Agent
Peggy Funk
SUNCOAST PROPERTY MANAGEMENT L
Buyer's Agent
Chandler Janger
List Price
$419,900
Sold Price
$419,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.41%

Purchase Details

Closed on
Jun 15, 2018
Sold by
Saseline Business Center Llc
Bought by
Southern Impression Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 2, 2014
Sold by
Iberiabank
Bought by
Baseline Business Center Llc

Purchase Details

Closed on
Mar 17, 2010
Sold by
Advanced Development Corp and Barner Richard
Bought by
Iberiabank

Purchase Details

Closed on
Sep 9, 2008
Sold by
Advanced Development Corp
Bought by
Whitaker Michael A

Purchase Details

Closed on
May 16, 2005
Sold by
Habitat For Humanity Of Greater Ocala In
Bought by
Advanced Development Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.8%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 27, 2005
Sold by
Kwok Philip and Kwok Maxine Yuen Kwan
Bought by
Habitat For Humanity Greater Ocala Inc
Source: Public Records

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Range of Values:

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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
Candelario Nicolas $700,000 First International Title
Shedd Barbara $419,900 Anchor Title Services Llc
Southern Impression Homes Llc $160,000 Attorney
Baseline Business Center Llc $12,000 Attorney
Iberiabank -- Attorney
Whitaker Michael A $47,500 None Available
Advanced Development Corp $400,000 Associated Land Title Insura
Habitat For Humanity Greater Ocala Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Candelario Nicolas $600,000
Previous Owner Shedd Matthew A $300,900
Previous Owner Southern Impression Homes Llc $80,000
Previous Owner Advanced Development Corp $95,000
Previous Owner Advanced Development Corp $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2023 06/02/23 Sold $700,000 -2.8% $180 / Sq Ft
04/15/2023 04/15/23 Pending -- -- --
04/14/2023 04/14/23 For Sale $720,000 +2.9% $185 / Sq Ft
02/26/2023 02/26/23 Off Market $700,000 -- --
02/26/2023 02/26/23 Pending -- -- --
02/09/2023 02/09/23 For Sale $720,000 +71.5% $185 / Sq Ft
12/28/2020 12/28/20 Sold $419,900 0.0% $108 / Sq Ft
11/05/2020 11/05/20 Pending -- -- --
11/05/2020 11/05/20 For Sale $419,900 -- $108 / 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
2023 $7,342 $365,323 $0 $0
2022 $6,517 $332,112 $0 $0
2021 $6,156 $301,920 $22,000 $279,920
2020 $231 $10,000 $10,000 $0
2019 $266 $12,000 $12,000 $0
2018 $162 $6,000 $6,000 $0
2017 $935 $32,000 $32,000 $0
2016 $942 $32,000 $0 $0
2015 $977 $33,600 $0 $0
2014 $948 $33,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: OM652281

Stellar MLS

APN: 9024-0541-02