NOT LISTED FOR SALE

505 Palm Ln Ocala, FL 34472

Silver Spring Shores Neighborhood

Estimated Value: $202,000 - $221,000

3 Beds
2 Baths
1,591 Sq Ft
$133/Sq Ft Est. Value

Last Sold July 05, 2016

Last sale price $85,000 $53 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $1,434/month

79 Days on Market

Highlights

  • Race Track
  • Enclosed Patio or Porch
  • Tile Flooring
  • No HOA
  • 1 Car Attached Garage
  • Central Air

About This Home

As of July 2016

This home is move-in ready. Spacious home with a large Family Room, enclosed Florida Room and Large Fenced Back Yard. Has been freshly painted throughout, new carpet in bedrooms & light fixtures. Roof was replaced in 2005. Must see to appreciate.

Last Agent to Sell the Property

Melissa & Jon Lebron

RE/MAX PREMIER REALTY License #3148954 Listed on: 02/16/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,400

Year Built

  • Built in 1983

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 85x125
  • Chain Link Fence
  • Cleared Lot
  • Property is zoned R-1 Single Family Dwellin

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Home Design

  • Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,591 Sq Ft Home
  • 1-Story Property

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Emerald Shores Elem. Elementary School
  • Howard Middle School
  • Lake Weir High School

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Enclosed Patio or Porch
  • Race Track

Community Details

  • No Home Owners Association
  • Slvr Spgs Sh N Subdivision

Listing and Financial Details

  • Property Available on 2/16/16
  • Legal Lot and Block 3 / 1354
  • Assessor Parcel Number 9043-1354-03

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,400

Year Built

Built in 1983

Lot Details

0

Parking

1

Listing Details

  • HOA Fee Includes: None
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Frame, Stucco
  • Fireplace: No
  • Living Area: 1591
  • Lot Size Acres: 0.24
  • New Construction: No
  • Year Built: 1983
  • Building Area Total: 2083
  • Lot Size Sq Ft: 10454
  • Status: Sold
  • RATIO Current Price By Calculate: 53.43
  • Total Acreage: Up to 10,889 Sq. Ft.
  • Water Access YN: 0
  • Barn Features: None
  • Last Date Available: 2016-08-08T00:00:00.000
  • Tax Year: 2018
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 2
  • Appliances Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 1

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Patio and Porch Features: Enclosed
  • Water View YN: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Schools

  • Elementary School: Emerald Shores Elem. School
  • High School: Lake Weir High School
  • Middle Or Junior School: Howard Middle

Lot Info

  • Zoning: R-1 Single Family Dwellin
  • Parcel Number: 9043-1354-03
  • Additional Parcels: No
  • Fencing: Chain Link
  • Lot Features: Cleared, In County, Paved
  • Lot Dimensions: 85x125
  • Horse Amenities: None, Race Track

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2016-02-16
  • Long Term YN: 0

Tax Info

  • Tax Annual Amount: 1400
  • Tax Block: 1354
  • Tax Book Number: J-327
  • Tax Lot: 3

Multi Family

  • Unit Count: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2016
Closed on
Jun 30, 2016
Sold by
Matthews Grace
Bought by
Destima Luc and Destima Elmira
Seller's Agent
Melissa & Jon Lebron
RE/MAX PREMIER REALTY
List Price
$99,900
Sold Price
$85,000
Premium/Discount to List
-$14,900
-14.91%
Current Estimated Value
$216,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,000
Avg. Annual Appreciation
10.09%
Original Mortgage
$83,460
Outstanding Balance
$65,621
Interest Rate
3.37%
Mortgage Type
FHA
Estimated Equity
$146,271
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
Destima Luc $85,000 Brick City Title Insurnace A
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Destima Luc $83,460
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/05/2016 07/05/16 Sold $85,000 -14.9% $53 / Sq Ft
05/06/2016 05/06/16 Pending -- -- --
02/16/2016 02/16/16 For Sale $99,900 -- $63 / 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 $3,659 $210,562 $27,000 $183,562
2024 $3,122 $124,185 -- --
2023 $2,916 $112,895 $0 $0
2022 $2,680 $102,632 $0 $0
2021 $2,372 $124,148 $8,000 $116,148
2020 $2,082 $95,639 $7,000 $88,639
2019 $1,869 $77,109 $5,000 $72,109
2018 $1,732 $72,768 $4,000 $68,768
2017 $1,704 $71,091 $4,000 $67,091
2016 $1,527 $59,012 $0 $0
2015 $1,400 $53,647 $0 $0
2014 $1,233 $48,770 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Melissa & Jon Lebron

    Seller's Agent in 2016

    Melissa & Jon Lebron

    RE/MAX

    (352) 304-1084

    11 in this area

    129 Total Sales

    Melissa & Jon Lebron
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Map

Source: Stellar MLS

MLS Number: OM439072

Stellar MLS

APN: 9043-1354-03

Florida Marion County Ocala 34472 Silver Spring Shores

505 Palm Ln, Ocala, FL

Not Listed for Sale

Detached

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

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