NOT LISTED FOR SALE

3980 SE 40th St Ocala, FL 34480

Silver Spring Shores Neighborhood

Estimated Value: $616,448 - $809,000

3 Beds
2 Baths
3,212 Sq Ft
$218/Sq Ft Est. Value

Last Sold December 30, 2015

Last sale price $369,933 $115 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $4,241/month

267 Days on Market

Highlights

  • Race Track
  • Gated Community
  • Wood Flooring
  • Forest High School Rated A-
  • 0.75 Acre Lot
  • Pole Barn

About This Home

As of December 2015

Fantastic home w/3212 SF in the Arbors! Beautiful Foyer entry, 10' ceilings, Formal Living Room with crown molding, wood burning FP and Formal Dining Room. Open eat in kitchen with a huge pantry, lots of cabinet space, island, granite counter tops and nice dining area . Large master BR w/small office and large master bath w/jacuzzi tub and stand in shower and huge WIC! Nice guest BR's and guest bath. Very nice outside patio w/wood burning FP overlooking a beautiful fenced back yard.

Last Agent to Sell the Property

Thomas Bartlett

SELLSTATE NEXT GENERATION REAL License #0172237 Listed on: 01/21/2015

SELLSTATE NEXT GENERATION REAL

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,107

Year Built

  • Built in 2006

Lot Details

  • 0.75 Acre Lot
  • Cleared Lot
  • Property is zoned R-E Residential Estate

HOA Fees

  • $80 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Shingle Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 3,212 Sq Ft Home
  • 1-Story Property
  • Formal Dining Room
  • Laundry in unit

Kitchen

  • Eat-In Kitchen
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Home Security

  • Home Security System
  • Security Lights
  • Intercom
  • Fire and Smoke Detector

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Septic Tank

Additional Features

  • Pole Barn
  • Race Track

Listing and Financial Details

  • Property Available on 1/21/15
  • Legal Lot and Block 9 / C
  • Assessor Parcel Number 31363-003-09

Community Details

Overview

  • Association fees include ground maintenance
  • Arbors Subdivision
  • The community has rules related to deed restrictions

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,107

Year Built

Built in 2006

Lot Details

0

HOA Fees

$80 per month

Parking

3

Listing Details

  • HOA Fee Includes: Maintenance Grounds
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Concrete
  • Fireplace: Yes
  • Living Area: 3212
  • Lot Size Acres: 0.75
  • New Construction: No
  • Year Built: 2006
  • Building Area Total: 4973
  • Lot Size Sq Ft: 32670
  • Status: Sold
  • Street Direction: SE
  • RATIO Current Price By Calculate: 115.17
  • Total Acreage: 1/2 to less than 1
  • Water Access YN: 0
  • Barn Features: Pole Barn
  • Tax Year: 2018
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile, Wood
  • Full Bathrooms: 2
  • Interior Amenities: Eat-in Kitchen, Intercom, Split Bedroom, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Range, Refrigerator
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 1
  • Additional Rooms: Formal Dining Room Separate

Exterior Features

  • Other Structures: Barn(s)
  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Water View YN: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes

Utilities

  • Utilities: Electricity Connected, Street Lights
  • Cooling: Central Air
  • Heating: Electric, Heat Pump
  • Laundry Features: Inside
  • Sewer: Septic Tank
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Gated
  • Association Amenities: Other
  • Association Fee: 80
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Security: Security Lights, Security System, Smoke Detector(s)
  • Senior Community: No
  • Association Fee Requirement: Required

Fee Information

  • Monthly HOA Amount: 80.00

Lot Info

  • Zoning: R-E Residential Estate
  • Parcel Number: 31363-003-09
  • Additional Parcels: No
  • Lot Features: Cleared, In County, Paved
  • Horse Amenities: None, Race Track

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2015-01-21
  • Long Term YN: 0

Tax Info

  • Tax Annual Amount: 4106.76
  • Tax Block: C
  • Tax Book Number: 007-012
  • Tax Lot: 9

Multi Family

  • Unit Count: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2021
Sold by
Franjola George
Bought by
Franjola George and Bales Arline M
Current Estimated Value
$699,862

Purchase Details

Listed on
Jan 21, 2015
Closed on
Dec 30, 2015
Sold by
Newby Bonnie K and Earnest Wendy C
Bought by
Franjola George
Seller's Agent
Thomas Bartlett
SELLSTATE NEXT GENERATION REAL
List Price
$396,500
Sold Price
$369,933
Premium/Discount to List
-$26,567
-6.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.56%
Original Mortgage
$295,900
Outstanding Balance
$118,744
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$581,118

Purchase Details

Closed on
Jul 8, 2005
Sold by
Smith Michael S
Bought by
Newby Bonnie K and Earnest Wendy C

Purchase Details

Closed on
Nov 1, 2004
Sold by
Reichmuth Daniel A and Reichmuth Gina L
Bought by
Smith Michael S

Purchase Details

Closed on
Aug 26, 2003
Sold by
Drake Robert P
Bought by
Reichmuth Daniel A and Reichmuth Gina L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,226
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Franjola George -- Accommodation
Franjola George $369,900 All American Land Title Ins
Newby Bonnie K $120,000 First American Title Ins Co
Smith Michael S $73,000 Brick City Title Ins Co Inc
Reichmuth Daniel A $64,900 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Franjola George $295,900
Previous Owner Reichmuth Daniel A $60,226
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/07/2022 03/07/22 Off Market $369,933 -- --
12/30/2015 12/30/15 Sold $369,933 -6.7% $115 / Sq Ft
10/15/2015 10/15/15 Pending -- -- --
01/21/2015 01/21/15 For Sale $396,500 -- $123 / 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
2025 $6,011 $398,258 -- --
2024 $5,725 $387,034 -- --
2023 $5,590 $375,761 $0 $0
2022 $5,272 $353,865 $0 $0
2021 $5,281 $343,558 $0 $0
2020 $5,242 $338,815 $0 $0
2019 $5,171 $331,197 $50,000 $281,197
2018 $5,123 $339,407 $0 $0
2017 $5,030 $332,426 $0 $0
2016 $4,970 $325,589 $0 $0
2015 $4,675 $302,960 $0 $0
2014 $4,398 $300,556 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Thomas Bartlett

    Seller's Agent in 2015

    Thomas Bartlett

    SELLSTATE NEXT GENERATION REAL

    (352) 387-2383

    18 in this area

    60 Total Sales

    Thomas Bartlett
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Map

Source: Stellar MLS

MLS Number: OM419766

Stellar MLS

APN: 31363-003-09

Florida Marion County Ocala 34480 Silver Spring Shores

3980 SE 40th St, Ocala, FL

Not Listed for Sale

Detached

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