NOT LISTED FOR SALE

5025 SE 40th St Ocala, FL 34480

Silver Spring Shores Neighborhood

Estimated Value: $466,024 - $573,000

4 Beds
3 Baths
2,512 Sq Ft
$209/Sq Ft Est. Value

Last Sold December 16, 2022

Last sale price $475,000 $189 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,320/month

33 Days on Market

Highlights

  • 0.66 Acre Lot
  • Vaulted Ceiling
  • 2 Car Attached Garage
  • Forest High School Rated A-
  • Engineered Wood Flooring
  • Solid Wood Cabinet

About This Home

As of December 2022

Look no further! Check out this STUNNING home in Summerton South Neighborhood in SE Ocala. This is a must-see custom-built home with more updates that can be listed. This home is located on a large fenced lot, on a culdesac, making it one of the most sought-after in the neighborhood. Beautiful roadside appeal with the garage entry located off to the side, to not distract from the careful landscaping. Once inside the home, you will see tall vaulted ceilings, a grand entry, large windows for natural light, and fabulous new flooring. The home has been painted fresh for you, inside and out with new fixtures and all! This home is set up for all to enjoy, with large bathrooms, screened lanai, a large fenced backyard, and a ball court, the memories to be made here are endless! Don't let this one pass you by! Schedule a showing today!

Last Agent to Sell the Property

Michelle Smith

REMAX/PREMIER REALTY License #3360486 Listed on: 10/14/2022

REMAX/PREMIER REALTY

Last Buyer's Agent

GREGORY MILLER

WEICHERT REALTORS HALLMARK PRO License #3316617

WEICHERT REALTORS HALLMARK PRO

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,080

Year Built

  • Built in 2006

Lot Details

  • 0.66 Acre Lot
  • Lot Dimensions are 183x158
  • Southeast Facing Home
  • Fenced
  • Irrigation
  • Property is zoned R1

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stone Siding
  • Stucco

Interior Spaces

  • 2,512 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • French Doors

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Engineered Wood
  • Ceramic Tile

Bedrooms and Bathrooms

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

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Schools

  • Maplewood Elementary School
  • Osceola Middle School
  • Forest High School

Utilities

  • Central Air
  • Heating Available
  • Private Sewer
  • Cable TV Available

Community Details

  • Bosshardt/Barbara Proctor Association, Phone Number (352) 671-8203
  • Summerton South Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,080

Year Built

Built in 2006

Lot Details

0

HOA Fees

$42 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stone, Stucco
  • Fireplace: No
  • Living Area: 2512
  • Lot Size Acres: 0.66
  • New Construction: No
  • Year Built: 2006
  • Lot Size Sq Ft: 28750
  • Status: Sold
  • Street Direction: SE
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM647412?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM647412?w=Customer
  • Homestead Y N: Yes
  • Total Acreage: 1/2 to less than 1
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1.00021
  • Price per Sq Ft: 189.09
  • Close to Original List Price Ratio: 0.9596
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Engineered Hardwood
  • Full Bathrooms: 3
  • Interior Amenities: Ceiling Fans(s), Solid Wood Cabinets, Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Microwave, Range
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Stories: 1
  • Room Count: 3
  • ResoLivingAreaSource: Owner

Exterior Features

  • Direction Faces: Southeast
  • Exterior Features: Fenced, French Doors, Irrigation System, Lighting, Rain Gutters
  • Roof: Shingle
  • 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

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Sewer Connected
  • Cooling: Central Air
  • Heating: Electric
  • Sewer: Private Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 500
  • Association Fee Frequency: Annually
  • Association Name: Bosshardt/Barbara Proctor
  • Phone: 352-671-8203
  • Association: Yes
  • Senior Community: No
  • Association Email: Barbaraproctor@bosshardtcam.com
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 500
  • Monthly HOA Fee: 41.67
  • Total Monthly Fees: 41.67

Schools

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

Lot Info

  • Zoning: R1
  • Parcel Number: 3139-001-016
  • Additional Parcels: No
  • Lot Dimensions: 183x158
  • Flood Zone Code: x
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Annual Amount: 3079.61
  • Tax Block: A
  • Tax Book Number: 006-048
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2022
Closed on
Dec 16, 2022
Sold by
Smith David Kevin and Smith Jennifer Mary
Bought by
Payne Connor Seth and Payne Mackenzie Bowlin
Seller's Agent
Michelle Smith
REMAX/PREMIER REALTY
Buyer's Agent
GREGORY MILLER
WEICHERT REALTORS HALLMARK PRO
List Price
$495,000
Sold Price
$475,000
Premium/Discount to List
-$20,000
-4.04%
Views
68
Current Estimated Value
$523,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,756
Avg. Annual Appreciation
3.43%
Original Mortgage
$451,250
Outstanding Balance
$436,765
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$86,991

Purchase Details

Listed on
Aug 13, 2021
Closed on
Sep 13, 2021
Sold by
Nordelo Kim A
Bought by
Smith David Kevin and Smith Jennifer Mary
Seller's Agent
Michelle Shiver
KELLER WILLIAMS ON THE WATER S
Buyer's Agent
Michelle Shiver
KELLER WILLIAMS ON THE WATER S
List Price
$390,000
Sold Price
$390,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.94%
Original Mortgage
$320,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 30, 2014
Closed on
Feb 27, 2015
Sold by
Miller George R and Miller Jennifer M
Bought by
Nordelo Kim A
Seller's Agent
Cathy Robinson
COLDWELL BANKER ELLISON REALTY O
Buyer's Agent
Michelle Shiver
KELLER WILLIAMS ON THE WATER S
List Price
$289,900
Sold Price
$209,900
Premium/Discount to List
-$80,000
-27.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.92%
Original Mortgage
$199,405
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2006
Sold by
P B Properties Llc
Bought by
Miller George R and Miller Jennifer M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,200
Interest Rate
6.54%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Payne Connor Seth $475,000 --
Smith David Kevin $400,000 First American Title Ins Co
Nordelo Kim A $209,900 1St Quality Title Llc
Miller George R $379,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Payne Connor Seth $451,250
Previous Owner Smith David Kevin $320,000
Previous Owner Nordelo Kim A $199,405
Previous Owner Miller George R $303,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/16/2022 12/16/22 Sold $475,000 0.0% $189 / Sq Ft
11/17/2022 11/17/22 Pending -- -- --
11/07/2022 11/07/22 Price Changed $474,900 -4.1% $189 / Sq Ft
10/14/2022 10/14/22 For Sale $495,000 +26.9% $197 / Sq Ft
09/13/2021 09/13/21 Sold $390,000 0.0% $155 / Sq Ft View Prior Sale
08/13/2021 08/13/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $390,000 +85.8% $155 / Sq Ft
04/30/2020 04/30/20 Off Market $209,900 -- --
02/27/2015 02/27/15 Sold $209,900 -27.6% $84 / Sq Ft View Prior Sale
06/05/2014 06/05/14 Pending -- -- --
01/29/2014 01/29/14 For Sale $289,900 -- $115 / 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
2024 $6,272 $422,037 -- --
2023 $6,358 $424,590 $40,000 $384,590
2022 $4,473 $303,617 $35,000 $268,617
2021 $3,080 $209,392 $0 $0
2020 $3,055 $206,501 $0 $0
2019 $3,009 $201,858 $0 $0
2018 $2,851 $198,094 $40,000 $158,094
2017 $3,090 $212,136 $0 $0
2016 $3,043 $207,773 $0 $0
2015 $3,282 $219,359 $0 $0
2014 $3,087 $217,618 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michelle Smith

    Seller's Agent in 2022

    Michelle Smith

    RE/MAX

    (352) 816-5038

    10 in this area

    66 Total Sales

    Michelle Smith
    Section Image

  • G

    Buyer's Agent in 2022

    GREGORY MILLER

    WEICHERT REALTORS HALLMARK PRO

    (352) 216-4182

    8 in this area

    51 Total Sales

    GREGORY MILLER
    Section Image
  • Michelle Shiver

    Seller's Agent in 2021

    Michelle Shiver

    KELLER WILLIAMS ON THE WATER S

    (352) 895-5779

    8 in this area

    76 Total Sales

    Michelle Shiver
    Section Image
  • Cathy Robinson

    Seller's Agent in 2015

    Cathy Robinson

    COLDWELL BANKER ELLISON REALTY O

    (352) 812-3137

    19 in this area

    83 Total Sales

    Cathy Robinson
    Section Image
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Map

Source: Stellar MLS

MLS Number: OM647412

Stellar MLS

APN: 3139-001-016

Florida Marion County Ocala 34480 Silver Spring Shores

5025 SE 40th St, Ocala, FL

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 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.



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

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