NOT LISTED FOR SALE

3721 NE 40th Place Ocala, FL 34479

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

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

Last Sold September 03, 2021

Last sale price $370,000 $120 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,799/month

7 Days on Market

Highlights

  • High Ceiling
  • Central Heating and Cooling System
  • High Speed Internet
  • No HOA
  • Ceiling Fan
  • Fenced

About This Home

As of September 2021

Fully occupied Income producing Quadplex located in the rapid growing city of Ocala! Ocala has recently been named one of the countries fastest growing cities which in turn is seeing rapid rental increases. This solid investment opportunity features the areas most desirable unit mix of four two bedroom units. Each unit features ceramic tile throughout and open floor plans. Majority of the property is fenced in and has a tranquil feeling. Metal roof and individual water meters have been installed. This is the perfect property to add to your portfolio or begin your multifamily portfolio.... act fast!

Last Agent to Sell the Property

Cody Becker

SOLUTIONS REALTY, LLC License #3273925 Listed on: 07/09/2021

Last Buyer's Agent

Melissa Pacheco

KELLER WILLIAMS REALTY AT THE PARKS License #3390888

KELLER WILLIAMS REALTY AT THE PARKS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,306

Year Built

  • Built in 1983

Lot Details

  • 0.55 Acre Lot
  • Lot Dimensions are 180x100
  • Fenced

Home Design

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

Interior Spaces

  • 3,080 Sq Ft Home
  • High Ceiling
  • Ceiling Fan

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • High Speed Internet
  • Cable TV Available

Community Details

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

Listing and Financial Details

  • Down Payment Assistance Available
  • Visit Down Payment Resource Website
  • Tenant pays for electricity, sewer, water
  • Legal Lot and Block 28 / 438
  • Assessor Parcel Number 15856-438-28

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,306

Year Built

Built in 1983

Lot Details

0.55 Acres

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Quadruplex
  • Construction Materials: Concrete, Stucco
  • Fireplace: No
  • Living Area: 3080
  • Lot Size Acres: 0.55
  • New Construction: No
  • Year Built: 1983
  • Lot Size Sq Ft: 23958
  • Tenant Pays: Electricity, Sewer, Water
  • Status: Sold
  • Street Direction: NE
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4506463?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4506463?w=Customer
  • Unit Count: 4
  • Total Acreage: 1/2 to less than 1
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1.00004
  • Price per Sq Ft: 120.13
  • Close to Original List Price Ratio: 1.00004
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s), High Ceiling(s), Thermostat
  • Foundation Details: Slab
  • Spa Yn: No
  • Number Of Buildings: 1

Exterior Features

  • Exterior Features: Fenced, Sidewalk
  • Roof: Metal
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • 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: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • 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: 180x100
  • Property Attached Yn: No
  • Flood Zone Code: x

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3305.84
  • Tax Block: 438
  • Tax Book Number: A-016,GEORGE
  • Tax Lot: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2021
Closed on
Sep 3, 2021
Sold by
Mahabir Anand J
Bought by
Raphael Harold A and Harold A Raphael Revocable Tru
Seller's Agent
Cody Becker
SOLUTIONS REALTY, LLC
Buyer's Agent
Melissa Pacheco
KELLER WILLIAMS REALTY AT THE PARKS
List Price
$369,987
Sold Price
$370,000
Premium/Discount to List
$13
0.004%
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.
Estimated Appreciation
$64,643
Avg. Annual Appreciation
3.65%
Original Mortgage
$240,500
Outstanding Balance
$179,856
Interest Rate
2.1%
Mortgage Type
Commercial
Estimated Equity
$254,787

Purchase Details

Closed on
Aug 31, 2020
Sold by
Spumoni Cat Llc
Bought by
Mahabir Anand J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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
09/03/2021 09/03/21 Sold $370,000 0.0% $120 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $369,987 0.0% $120 / Sq Ft
05/05/2020 05/05/20 Off Market $450 -- --
10/15/2012 10/15/12 Rented $450 0.0% --
09/15/2012 09/15/12 Under Contract -- -- --
01/01/2012 01/01/12 For Rent $450 -- --
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

  • C

    Seller's Agent in 2021

    Cody Becker

    SOLUTIONS REALTY, LLC

    (941) 735-6305

    2 in this area

    29 Total Sales

    Cody Becker
    Section Image
  • Melissa Pacheco

    Buyer's Agent in 2021

    Melissa Pacheco

    KELLER WILLIAMS REALTY AT THE PARKS

    (786) 487-2836

    1 in this area

    50 Total Sales

    Melissa Pacheco
    Section Image
  • Allison Penny

    Seller's Agent in 2012

    Allison Penny

    PRETTY PENNY PROPERTIES, INC.

    (352) 362-9222

    77 Total Sales

    Allison Penny
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4506463

Stellar MLS

APN: 15856-438-28

Florida Marion County Ocala 34479

3721 NE 40th Place, 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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