NOT LISTED FOR SALE

503 Fairways Ln Unit B Ocala, FL 34472

Silver Spring Shores Neighborhood

Estimated Value: $116,000 - $164,000

2 Beds
1 Bath
1,072 Sq Ft
$205/mo HOA Fee

Last Sold July 16, 2021

Last sale price $88,900 $83 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,004/month

13 Days on Market

Highlights

  • In Ground Pool
  • Pool View
  • Tile Flooring
  • Active Adult
  • Balcony
  • Central Air

About This Home

As of July 2021

Nice 2/2 condo, furnished, in the fairways in Silver Springs Shores. This condo is conveniently located in silver springs shores, close to shopping and entertainment.

Last Agent to Sell the Property

Harvey Meyer IV

MOMENTUM REALTY - OCALA License #3444056 Listed on: 05/26/2021

MOMENTUM REALTY - OCALA

Last Buyer's Agent

Brian Butler

HOME ENV REALTY License #3397012

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,269

Year Built

  • Built in 1982

Lot Details

  • North Facing Home

HOA Fees

  • $205 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,072 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Pool Views
  • Cooktop

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • In Ground Pool
  • Balcony

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

Community Details

Overview

  • Active Adult
  • Association fees include community pool, ground maintenance
  • Linda Mcginnis Association, Phone Number (352) 240-2713
  • The Fairways At Silver Springs Shores Condo #7 Subdivision
  • Rental Restrictions

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed
  • Pets up to 25 lbs

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,269

Year Built

Built in 1982

Lot Details

0

HOA Fees

$205 per month

Listing Details

  • HOA Fee Includes: Community Pool, Maintenance Grounds
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Stucco, Wood Frame
  • Fireplace: No
  • Living Area: 1072
  • Lot Size Acres: 0.02
  • New Construction: No
  • Year Built: 1982
  • Lot Size Sq Ft: 676
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM620550?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM620550?w=Customer
  • Floor Number: 2
  • Homestead Y N: No
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 82.93
  • Close to Original List Price Ratio: 1
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 1
  • Interior Amenities: Living Room/Dining Room Combo
  • Appliances Included: Cooktop, Electric Water Heater, Range
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Room Count: 7

Exterior Features

  • Direction Faces: North
  • Pool Features: In Ground
  • Exterior Features: Balcony
  • Roof: Shingle
  • Pool Private: No
  • View: Pool
  • 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: Electricity Connected, Sewer Connected
  • Cooling: Central Air
  • Heating: Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Pool
  • Association Fee: 205.2
  • Association Fee Frequency: Monthly
  • Association Name: Linda Mcginnis
  • Phone: 352-240-2713
  • Association: Yes
  • Senior Community: Yes
  • Association Email: lindamcginnisbosshardtcam.com
  • Condo Land Included Y N: No
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 2462.4
  • Monthly HOA Fee: 205.2
  • Total Monthly Fees: 205.2

Lot Info

  • Zoning: R3
  • Parcel Number: 90497-05-204
  • Additional Parcels: No
  • Flood Zone Code: x

Rental Info

  • Pets Allowed: Yes
  • Max Pet Weight: 25
  • Minimum Lease: 1-2 Years
  • Approval Process: $50.00 application fee for background check, for buyer and tenant. 55 plus community
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: tenant application will go through an approval process.

Tax Info

  • Tax Annual Amount: 1268.89
  • Tax Block: 0
  • Tax Book Number: J-425,SILVER
  • Tax Lot: 0
  • Tax Other Annual Assessment Amount: 643

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2021
Closed on
Jul 10, 2021
Sold by
Schinina Joseph
Bought by
Spencer John
Seller's Agent
Harvey Meyer IV
MOMENTUM REALTY - OCALA
Buyer's Agent
Brian Butler
HOME ENV REALTY
List Price
$88,900
Sold Price
$88,900
Current Estimated Value
$132,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,622
Avg. Annual Appreciation
9.28%
Original Mortgage
$75,565
Outstanding Balance
$68,182
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$64,340
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
Spencer John $88,900 Watson Ttl Svcs Of North Fl
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spencer John $75,565
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2021 07/16/21 Sold $88,900 0.0% $83 / Sq Ft
06/02/2021 06/02/21 Pending -- -- --
05/20/2021 05/20/21 For Sale $88,900 -- $83 / 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 $1,274 $82,186 -- --
2024 $1,036 $79,870 -- --
2023 $999 $77,544 $0 $0
2022 $960 $75,285 $30,000 $45,285
2021 $1,387 $60,722 $20,000 $40,722
2020 $1,269 $51,140 $15,000 $36,140
2019 $1,232 $52,145 $2,851 $49,294
2018 $1,063 $39,651 $2,851 $36,800
2017 $992 $35,406 $2,847 $32,559
2016 $943 $33,526 $0 $0
2015 $907 $31,545 $0 $0
2014 $838 $29,006 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Harvey Meyer IV

    Seller's Agent in 2021

    Harvey Meyer IV

    MOMENTUM REALTY - OCALA

    (352) 598-3967

    14 in this area

    58 Total Sales

    Harvey Meyer IV
    Section Image
  • Brian Butler

    Buyer's Agent in 2021

    Brian Butler

    HOME ENV REALTY

    (352) 359-6538

    2 in this area

    40 Total Sales

    Brian Butler
    Section Image
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Map

Source: Stellar MLS

MLS Number: OM620550

Stellar MLS

APN: 90497-05-204

Florida Marion County Ocala 34472 Silver Spring Shores

503 Fairways Ln Unit B, Ocala, FL

Not Listed for Sale

Condos

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.

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

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