NOT LISTED FOR SALE

3721 NE 40th Place Unit All Units Ocala, FL 34479

Estimated Value: $417,000 - $455,572

8 Beds
4 Baths
3,080 Sq Ft
$141/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $255,000 $83 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $2,799/month

15 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Wood Siding
  • Ceramic Tile Flooring

About This Home

As of August 2020

Investor Alert!  All units are occupied and rent one-year leases and each contains separate water/electric meters.  City sewer, central heat/air, and tile flooring in each unit. Three units currently rent at $625, and the 4th is $550 with a long-standing tenant.

Last Agent to Sell the Property

Anthony Alfarone

REAL BROKER LLC - OCALA License #682204 Listed on: 06/25/2020

REAL BROKER LLC - OCALA

Last Buyer's Agent

Cody Becker

SOLUTIONS REALTY, LLC License #3273925

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,886

Year Built

  • Built in 1982

Lot Details

  • 0.55 Acre Lot
  • Lot Dimensions are 120x100

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Metal Roof
  • Wood Siding
  • Block Exterior

Interior Spaces

  • 3,080 Sq Ft Home
  • Ceramic Tile Flooring

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • George S Mayo Sub Subdivision

Building Details

  • Gross Income $29,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,886

Year Built

Built in 1982

Lot Details

0.55 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Construction Materials: Block, Brick, Wood Siding
  • Fireplace: No
  • Living Area: 3080
  • Lot Size Acres: 0.55
  • New Construction: No
  • Year Built: 1982
  • Lot Size Sq Ft: 23958
  • Status: Sold
  • Street Direction: NE
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM605283?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM605283?w=Customer
  • Unit Count: 1
  • Total Acreage: 1/2 to less than 1
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.98456
  • Price per Sq Ft: 82.79
  • Close to Original List Price Ratio: 0.98456
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Foundation Details: Slab
  • Number Of Buildings: 1

Exterior Features

  • Exterior Features: Sidewalk
  • Roof: Metal
  • Pool Private: No
  • Waterfront: No
  • 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, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: R3
  • Parcel Number: 15856-438-28
  • Additional Parcels: No
  • Lot Dimensions: 120x100
  • Flood Zone Code: x

Multi Family

  • Gross Income: 29100
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2885.91
  • Tax Block: 437
  • Tax Book Number: A-016
  • Tax Lot: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 3, 2021
Sold by
Mahabir Anand J
Bought by
Raphael Harold A and Harold A Raphael Revocable Tru
Current Estimated Value
$434,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,500
Outstanding Balance
$179,856
Interest Rate
2.1%
Mortgage Type
Commercial
Estimated Equity
$254,787

Purchase Details

Listed on
Jun 25, 2020
Closed on
Aug 31, 2020
Sold by
Spumoni Cat Llc
Bought by
Mahabir Anand J
Seller's Agent
Anthony Alfarone
REAL BROKER LLC - OCALA
Buyer's Agent
Cody Becker
SOLUTIONS REALTY, LLC
List Price
$259,000
Sold Price
$255,000
Premium/Discount to List
-$4,000
-1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.22%
Original Mortgage
$250,381
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 11, 2013
Sold by
El Mallah Kamal and Abdelal Turkia A
Bought by
Spumoni Cat Llc

Purchase Details

Closed on
Jun 20, 2011
Sold by
Wikstrom Martha
Bought by
Mallah Kamal El and Abdelal Turkia A

Purchase Details

Closed on
Jun 3, 2004
Sold by
Robinson Barbara
Bought by
Wikstrom Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,100
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage
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
Raphael Harold A $370,000 First International Ttl Inc
Mahabir Anand J $255,000 First American Title Ins Co
Mahabir Anand J $255,000 First American Title
Spumoni Cat Llc $60,000 1St Quality Title Llc
Mallah Kamal El $60,000 Coventry Title Inc
Wikstrom Martha $98,000 Title Offices Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raphael Harold A $240,500
Previous Owner Mahabir Anand J $250,381
Previous Owner Wikstrom Martha $93,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2020 08/31/20 Sold $255,000 -1.5% $83 / Sq Ft
07/10/2020 07/10/20 Pending -- -- --
06/25/2020 06/25/20 For Sale $259,000 -- $84 / Sq Ft
Source: Stellar MLS

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 $6,802 $312,120 $9,000 $303,120
2024 $5,799 $286,334 -- --
2023 $5,799 $260,304 -- --
2022 $4,907 $236,640 $9,000 $227,640
2021 $3,868 $165,240 $9,000 $156,240
2020 $3,306 $145,860 $9,000 $136,860
2019 $3,006 $114,750 $21,600 $93,150
2018 $2,706 $97,614 $21,600 $76,014
2017 $2,727 $100,980 $21,600 $79,380
2016 $2,519 $87,751 $0 $0
2015 $2,376 $79,774 $0 $0
2014 $2,170 $72,522 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Anthony Alfarone

    Seller's Agent in 2020

    Anthony Alfarone

    REAL BROKER LLC - OCALA

    (352) 897-0771

    332 Total Sales

    Anthony Alfarone
    Section Image

  • C

    Buyer's Agent in 2020

    Cody Becker

    SOLUTIONS REALTY, LLC

    (941) 735-6305

    2 in this area

    29 Total Sales

    Cody Becker
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: OM605283

Stellar MLS

APN: 15856-438-28

Florida Marion County Ocala 34479

3721 NE 40th Place Unit All Units, Ocala, FL

Not Listed for Sale

MultiFamily

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 Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID

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

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