NOT LISTED FOR SALE

505 NE 40th Terrace Ocala, FL 34470

Northeast Ocala Neighborhood

Estimated Value: $409,000 - $535,000

3 Beds
3 Baths
3,357 Sq Ft
$135/Sq Ft Est. Value

About This Home

This home is located at 505 NE 40th Terrace, Ocala, FL 34470 and is currently estimated at $453,034, approximately $134 per square foot. 505 NE 40th Terrace is a home located in Marion County with nearby schools including Ward-Highlands Elementary School, Fort King Middle School, and Vanguard High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2002
Sold by
Hess James E and Hess Renette A
Bought by
Wells Arthur P and Wells Angela M
Current Estimated Value
$453,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,050
Interest Rate
7.12%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Wells Arthur P $139,000 Title Offices Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wells Arthur P $274,063
Closed Wells Arthur P $264,190
Closed Wells Arthur P $258,250
Closed Wells Arthur P $214,950
Closed Wells Arthur P $221,500
Closed Wells Arthur P $26,000
Closed Wells Arthur P $83,988
Closed Wells Arthur P $85,000
Closed Wells Arthur P $132,500
Closed Wells Arthur P $21,000
Closed Wells Arthur P $132,050
Source: Public Records

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
2023 $2,699 $173,973 $0 $0
2022 $2,421 $168,906 $0 $0
2021 $2,498 $163,986 $0 $0
2020 $2,218 $161,722 $0 $0
2019 $2,175 $158,086 $0 $0
2018 $2,094 $155,138 $0 $0
2017 $2,072 $151,947 $0 $0
2016 $2,045 $148,822 $0 $0
2015 $2,061 $147,787 $0 $0
2014 $1,883 $146,221 $0 $0
Source: Public Records

Map

Florida Marion County Ocala 34470 Northeast Ocala

505 NE 40th Terrace, Ocala, FL

This home is located at 505 NE 40th Terrace, Ocala, FL 34470 and is currently estimated at $453,034, approximately $134 per square foot. 505 NE 40th Terrace is a home located in Marion County with nearby schools including Ward-Highlands Elementary School, Fort King Middle School, and Vanguard High School.

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