NOT LISTED FOR SALE

506 NE 40th Terrace Ocala, FL 34470

Northeast Ocala Neighborhood

Estimated Value: $267,000 - $309,000

3 Beds
2 Baths
1,773 Sq Ft
$166/Sq Ft Est. Value

Last Sold July 03, 2019

Last sale price $205,000 $116 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $1,836/month

7 Days on Market

Highlights

  • Stone Countertops
  • No HOA
  • Separate Outdoor Workshop
  • Vanguard High School Rated A-
  • Covered patio or porch
  • 2 Car Attached Garage

About This Home

As of July 2019

Welcome home to this beautifully remodeled 3/2/2. Brand new roof, bathrooms, kitchen, fresh paint and landscaping in 2019 means no work and ready to move in today! If you're looking for the wow factor this home delivers! The central vac makes cleaning the home or car a breeze all attachments and hoses included. The bonus carport gives additional covered parking for other toys to be parked or additional outdoor work space along with a large shed. Irrigation is installed for easy watering of the entire yard. The fully fenced beautiful backyard means this home lives up to the Florida name of the backyard state. Just off the large screened porch, with new slider doors that have built in blinds is a beautiful over 200 year old camphor tree that gives this backyard plenty of shade

Last Buyer's Agent

Cathy Robinson

COLDWELL BANKER ELLISON REALTY O License #0469515

COLDWELL BANKER ELLISON REALTY O

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,328

Year Built

  • Built in 1975

Lot Details

  • 0.36 Acre Lot
  • Wood Fence
  • Irrigation
  • Cleared Lot
  • Landscaped with Trees
  • Property is zoned R-1 Single Family Dwellin

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 1,773 Sq Ft Home
  • 1-Story Property
  • Window Treatments

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered patio or porch
  • Separate Outdoor Workshop
  • Shed

Schools

  • Ward-Highlands Elem. Elementary School
  • Howard Middle School
  • Vanguard High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Thompson Est Subdivision

Listing and Financial Details

  • Property Available on 5/26/19
  • Legal Lot and Block 7 / 5
  • Assessor Parcel Number 27624-005-07

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,328

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • HOA Fee Includes: None
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Brick, Concrete
  • Fireplace: Yes
  • Living Area: 1773
  • Lot Size Acres: 0.36
  • New Construction: No
  • Year Built: 1975
  • Building Area Total: 3003
  • Lot Size Sq Ft: 15682
  • Directions to Property: From SR 40 turn Right onto 36th avenue. Turn left onto 7th street, turn R onto ne 40th ave, turn left onto NE 6th Place, NE 6th place turns right and becomes NE 40th Terrace. Home is on the right.
  • Status: Sold
  • Street Direction: NE
  • Co List Office Mls Id: MFR27156114
  • RATIO Current Price By Calculate: 115.62
  • Total Acreage: 1/4 Acre to 21779 Sq. Ft.
  • Water Access YN: 0
  • Last Date Available: 2019-11-25T00:00:00.000
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Laminate
  • Full Bathrooms: 2
  • Interior Amenities: Central Vaccum, Eat-in Kitchen, Stone Counters, Window Treatments
  • Appliances Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 506
  • Room Count: 0

Exterior Features

  • Other Structures: Shed(s), Workshop
  • Exterior Features: Irrigation System
  • Roof: Shingle
  • Pool Private: No
  • Patio and Porch Features: Covered, Patio, Screened
  • Water Extras YN: 0
  • Water View YN: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener

Utilities

  • Cooling: Central Air
  • Heating: Electric, Natural Gas
  • Laundry Features: Other
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Schools

  • Elementary School: Ward-Highlands Elem. School
  • High School: Vanguard High School
  • Middle Or Junior School: Howard Middle

Lot Info

  • Zoning: R-1 Single Family Dwellin
  • Parcel Number: 27624-005-07
  • Additional Parcels: No
  • Fencing: Wood
  • Lot Features: Cleared, Paved
  • Homestead YN: 0

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2019-05-26
  • Long Term YN: 0

Tax Info

  • Tax Annual Amount: 2328.2
  • Tax Block: 5
  • Tax Book Number: N-082
  • Tax Lot: 7

Multi Family

  • Unit Count: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2019
Closed on
Jun 26, 2019
Sold by
Estevez Gilberto and Estevez Lisa
Bought by
Blaes William E
Buyer's Agent
Cathy Robinson
COLDWELL BANKER ELLISON REALTY O
List Price
$210,000
Sold Price
$205,000
Premium/Discount to List
-$5,000
-2.38%
Current Estimated Value
$299,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,636
Avg. Annual Appreciation
6.53%
Original Mortgage
$145,000
Outstanding Balance
$128,559
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$173,129

Purchase Details

Closed on
Mar 19, 2007
Sold by
Estevez Gilberto and Estevez Lisa
Bought by
Estevez Gilberto and Estevez Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2006
Sold by
Martz Evelyn Joy
Bought by
Estevez Gilberto
Source: Public Records

Range of Values:

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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
Blaes William E -- First American Title Ins Co
Estevez Gilberto -- Advantage Title Llc
Estevez Gilberto $189,000 Advantage Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blaes William E $145,000
Previous Owner Estevez Lisa $88,000
Previous Owner Estevez Gilberto $40,000
Previous Owner Estevez Gilberto $42,700
Previous Owner Estevez Gilberto $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2019 07/03/19 Sold $205,000 -2.4% $116 / Sq Ft
06/03/2019 06/03/19 Pending -- -- --
05/26/2019 05/26/19 For Sale $210,000 -- $118 / 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
2023 $2,339 $153,512 $0 $0
2022 $2,109 $149,041 $0 $0
2021 $2,287 $144,700 $0 $0
2020 $1,818 $139,833 $21,000 $118,833
2019 $2,523 $136,626 $21,000 $115,626
2018 $2,328 $128,912 $21,000 $107,912
2017 $2,142 $115,981 $13,125 $102,856
2016 $2,122 $113,465 $0 $0
2015 $2,073 $109,168 $0 $0
2014 $1,876 $106,090 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cathy Robinson

    Buyer's Agent in 2019

    Cathy Robinson

    COLDWELL BANKER ELLISON REALTY O

    (352) 812-3137

    9 in this area

    83 Total Sales

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Map

Source: Stellar MLS

MLS Number: OM556918

Stellar MLS

APN: 27624-005-07

Florida Marion County Ocala 34470 Northeast Ocala

506 NE 40th Terrace, Ocala, FL

This home is located at 506 NE 40th Terrace, Ocala, FL 34470 since 26 May 2019 and is currently estimated at $294,144, approximately $165 per square foot. This property was built in 1975. 506 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.

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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