NOT LISTED FOR SALE

506 SE 40th St Ocala, FL 34480

Estimated Value: $476,093 - $625,000

3 Beds
2 Baths
2,597 Sq Ft
$211/Sq Ft Est. Value

Last Sold April 07, 2022

Last sale price $500,000 $193 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,656/month

18 Days on Market

Highlights

  • Gated Community
  • High Ceiling
  • 2 Car Attached Garage
  • Wood Flooring
  • Family Room Off Kitchen
  • Crown Molding

About This Home

As of April 2022

THIS IS IT!! This beautiful, move in ready home will delight you! Country club setting without country club prices. Situated in a semi-private section of the stunning gated community of Bellechase, this home has it all. Upscale, secure, quiet and only minutes from everything Ocala & Marion County have to offer. This incredibly finished 3 bedroom, with flex/office/bonus room, 2 bathrooms home is offered at an aggressive price. Sellers have already moved and the home is available for quick close and immediate occupancy. Enter the amazing foyer with chandelier overlooking great room and dining room. The eat-in kitchen with island and breakfast bar adjoin family room/keeping room. Stunning over-sized glass doors in the great room and family room offer an abundance of natural lighting throughout the home and a beautiful view of the deeded, wooded green-space behind. The interior of this elegant home features 12ft ceilings, crown molding, with decorative medallions surrounding the ceiling fan, and light fixture, tile flooring, engineered hardwood, and newer extra plush carpet (in bedrooms), new stainless steel appliances , split floor plan, pocket door into one bedroom with adjoining bathroom, walk in showers, soaking tub, with his and hers vanities, granite countertops. You can enjoy your expansive, screened private lanai for entertaining, dining or relaxing. Professionally maintained, generous sculptured mature landscaping, and gutters installed all around the home. HVAC with Wi-Fi vision that's 2 years old.

Last Agent to Sell the Property

Dustin Anderson

HOMESCENE REALTY License #3305270 Listed on: 02/14/2022

Last Buyer's Agent

Morgan Powell

DOWN HOME REALTY, LLLP License #3523432

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,291

Year Built

  • Built in 2007

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 71x142
  • North Facing Home
  • Property is zoned PD01

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

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

Interior Spaces

  • 2,597 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Family Room Off Kitchen

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

Community Details

Overview

  • Association fees include ground maintenance, private road
  • Leland Management Association, Phone Number (352) 620-0101
  • Bellechase Villas Subdivision

Recreation

  • Park

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,291

Year Built

Built in 2007

Lot Details

0

HOA Fees

$200 per month

Parking

2

Listing Details

  • HOA Fee Includes: Maintenance Grounds, Private Road
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Concrete, Stucco
  • Fireplace: No
  • Living Area: 2597
  • Lot Size Acres: 0.23
  • New Construction: No
  • Year Built: 2007
  • Building Area Total: 3625
  • Lot Size Sq Ft: 10019
  • Status: Sold
  • Street Direction: SE
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/U8151511?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/U8151511?w=Customer
  • Homestead Y N: Yes
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1.002
  • Price per Sq Ft: 192.53
  • Close to Original List Price Ratio: 0.95238
  • Ratio: Current Price\Building Area Total: 137.93
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile, Hardwood
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Crown Molding, High Ceiling(s), Kitchen/Family Room Combo
  • Appliances Included: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 1
  • Room Count: 4

Exterior Features

  • Direction Faces: North
  • Exterior Features: 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
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: Public
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Park
  • Association Fee: 200
  • Association Fee Frequency: Monthly
  • Association Name: Leland Management
  • Phone: 352-620-0101
  • Association: Yes
  • Senior Community: No
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 2400
  • Monthly HOA Fee: 200
  • Total Monthly Fees: 200

Lot Info

  • Zoning: PD01
  • Parcel Number: 30598-03-005
  • Additional Parcels: No
  • Lot Dimensions: 71x142
  • Flood Zone Code: x

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 3291.47
  • Tax Block: 00/00
  • Tax Book Number: 9-167
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2022
Closed on
Apr 7, 2022
Sold by
Carnes Damon R and March Melissa
Bought by
Ornstein Mark Louis and Hernandez Deborah Sue
Seller's Agent
Dustin Anderson
HOMESCENE REALTY
Buyer's Agent
Morgan Powell
DOWN HOME REALTY, LLLP
List Price
$525,000
Sold Price
$500,000
Premium/Discount to List
-$25,000
-4.76%
Current Estimated Value
$546,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,773
Avg. Annual Appreciation
2.54%
Original Mortgage
$400,000
Outstanding Balance
$328,300
Interest Rate
3.91%
Mortgage Type
New Conventional
Estimated Equity
$218,473

Purchase Details

Listed on
Jan 5, 2021
Closed on
Mar 18, 2021
Sold by
Lonon Byron L and Lonon Linda M
Bought by
Carnes Damon R and Carnes Melissa March
Seller's Agent
Rhonda Cassidy
EXP REALTY LLC
Buyer's Agent
OUT OF AREA REALTOR
List Price
$475,900
Sold Price
$465,000
Premium/Discount to List
-$10,900
-2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.16%

Purchase Details

Closed on
Jun 29, 2007
Sold by
Ecclestone Signature Homes Of Ocala Llc
Bought by
Lonon Byron L and Lonon Linda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,750
Interest Rate
6.03%
Mortgage Type
Stand Alone Second
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
Ornstein Mark Louis $500,000 None Listed On Document
Carnes Damon R $465,000 Equitable Title Of Ocala Llc
Lonon Byron L $475,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ornstein Mark Louis $400,000
Previous Owner Lonon Byron L $118,750
Previous Owner Lonon Byron L $356,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/07/2022 04/07/22 Sold $500,000 -4.8% $193 / Sq Ft
03/04/2022 03/04/22 Pending -- -- --
02/14/2022 02/14/22 For Sale $525,000 +12.9% $202 / Sq Ft
03/18/2021 03/18/21 Sold $465,000 -2.3% $177 / Sq Ft View Prior Sale
03/08/2021 03/08/21 Pending -- -- --
01/05/2021 01/05/21 For Sale $475,900 -- $181 / 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 $7,125 $378,135 -- --
2023 $6,478 $343,759 $0 $0
2022 $6,957 $380,765 $50,000 $330,765
2021 $3,291 $197,175 $0 $0
2020 $2,817 $194,453 $0 $0
2019 $2,766 $190,081 $0 $0
2018 $2,664 $186,537 $0 $0
2017 $2,640 $182,700 $0 $0
2016 $2,609 $178,942 $0 $0
2015 $2,630 $177,698 $0 $0
2014 $2,415 $176,288 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: U8151511

Stellar MLS

APN: 30598-03-005