$249,900
SOLD JUN 22, 2017

5060 SE 40th St Ocala, FL 34480

Silver Spring Shores Neighborhood
4 Beds
3 Baths
2,631 Sq Ft
0.56 Acres

Recently Sold

$95 Per Sq Ft

18% Below List Price

147 Days on Market

Highlights

  • Gated Community
  • 0.56 Acre Lot
  • Formal Dining Room
  • Forest High School Rated A-
  • Cathedral Ceiling
  • 2 Car Attached Garage

About This Home

As of March 2024

Beautiful, move in ready home located in the desirable gated community of Summerton South. This home sits on over a half acre corner lot and is spacious with over 2,600 sq. ft. of living. Brand new carpet throughout. Open/split bedroom floor plan includes 4 bedrooms, 3 baths, and a 2 car side entry garage. Inside laundry room. Cathedral/volume ceilings throughout the home. Formal living room and dining area. Large kitchen with beautiful cherry wood cabinets, brand new stainless steel Whirlpool appliances, granite tile counter-tops, breakfast bar and breakfast nook that looks out to the back yard. Spacious family room is located right off of the kitchen with sliding glass doors that lead to the large screened lanai. Guest suite with office and full bath also adjoins lanai. Great sized

Last Agent to Sell the Property

Clay Lehman

RESOLUTE REAL ESTATE LLC License #3373140 Listed on: 01/03/2017

Last Buyer's Agent

Edward Rogers

OCALA REALTY WORLD LLC License #3059965

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,487

Year Built

  • Built in 2005

Lot Details

  • 0.56 Acre Lot
  • Cleared Lot
  • Property is zoned R-1 Single Family Dwellin

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,631 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Formal Dining Room
  • Laundry in unit

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms

Outdoor Features

  • Screened Patio

Schools

  • Maplewood Elementary School
  • Osceola Middle School
  • Forest High School

Utilities

  • Central Air
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • Property Available on 1/3/17
  • Legal Lot and Block 20 / A
  • Assessor Parcel Number 3139-001-020

Community Details

Overview

  • Association fees include ground maintenance
  • Summerton South Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,487

Year Built

Built in 2005

Lot Details

0

HOA Fees

$42 per month

Parking

2

Listing Details

  • HOA Fee Includes: Maintenance Grounds
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Concrete, Stucco
  • Fireplace: No
  • Living Area: 2631
  • Lot Size Acres: 0.56
  • New Construction: No
  • Year Built: 2005
  • Building Area Total: 3588
  • Lot Size Sq Ft: 24394
  • Directions to Property: From Ft King St and 25th Ave, S on SE 25th Ave, L onto SE Maricamp Rd, L onto SE 38th St, R onto SE 52nd Ave in Summerton South, R onto SE 39th Loop, R onto SE 40th St, Home will be on the L
  • Status: Sold
  • Street Direction: SE
  • List Office Head Office Key Nume: 1044944
  • RATIO Current Price By Calculate: 94.98
  • Total Acreage: 1/2 Acre to 1 Acre
  • Water Access YN: 0
  • Number Of Paddocks Pastures: 0
  • Number Of Stalls: 0
  • Last Date Available: 2017-07-09T00:00:00.000
  • Tax Year: 2018
  • Special Features: RealEstateOwned

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Other, Tile
  • Full Bathrooms: 3
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, Split Bedroom, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Microwave, Other, Range
  • Total Bedrooms: 4
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 5060
  • Additional Rooms: Formal Dining Room Separate
  • Room Count: 0

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Patio and Porch Features: 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
  • Laundry Features: Inside
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gated
  • Association Fee: 42
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Senior Community: No
  • Association Fee Requirement: Required

Fee Information

  • Monthly HOA Amount: 42.00

Schools

  • Elementary School: Maplewood Elementary School
  • High School: Forest High School
  • Middle Or Junior School: Osceola Middle

Lot Info

  • Zoning: R-1 Single Family Dwellin
  • Parcel Number: 3139-001-020
  • Additional Parcels: No
  • Lot Features: Cleared, In County, Paved
  • Homestead YN: 0

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2017-01-03
  • Long Term YN: 0

Tax Info

  • Tax Annual Amount: 4487
  • Tax Block: A
  • Tax Book Number: 006-048
  • Tax Lot: 20

Multi Family

  • Total Num Buildings: 0
  • Unit Count: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2023
Closed on
Mar 20, 2024
Sold by
Sorrie Leo and Piper Linda
Bought by
Ctl Enterprises Of Florida Llc
Seller's Agent
Edward Rogers
OCALA REALTY WORLD LLC
Buyer's Agent
Brittany Cheek
GREAT WESTERN REALTY
List Price
$549,900
Sold Price
$450,000
Premium/Discount to List
-$99,900
-18.17%
Views
271
Current Estimated Value
$556,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,553
Avg. Annual Appreciation
15.33%
Original Mortgage
$350,000
Outstanding Balance
$344,528
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$212,025

Purchase Details

Listed on
Jan 3, 2017
Closed on
Jun 22, 2017
Sold by
Fannie Mae
Bought by
Sorrie Leo and Piper Linda
Seller's Agent
Clay Lehman
RESOLUTE REAL ESTATE LLC
Buyer's Agent
Edward Rogers
OCALA REALTY WORLD LLC
List Price
$304,000
Sold Price
$249,900
Premium/Discount to List
-$54,100
-17.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.10%

Purchase Details

Closed on
Sep 13, 2016
Sold by
Nimphius Richard F and Nimphius Elianie M
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 19, 2010
Sold by
Nimphius Carol and Cruz Roberto
Bought by
Nimphius Richard F and Nimphius Elaine

Purchase Details

Closed on
Jan 24, 2006
Sold by
Truluck Stephen W
Bought by
Nimphius Richard F and Nimphius Elaine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2005
Sold by
New Landfall Inc
Bought by
Truluck Stephen W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,850
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2004
Sold by
J & B Developers Inc
Bought by
New Landfall Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,554
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed $450,000 First American Title
Warranty Deed $450,000 First American Title
Special Warranty Deed $249,900 Reo Title Co Of Florida Llc
Warranty Deed $300,000 None Available
Interfamily Deed Transfer -- Attorney
Warranty Deed $375,000 Advanced Title & Settlement
Warranty Deed $28,500 Advanced Title & Settlement
Corporate Deed $62,900 Affiliated Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $350,000 New Conventional
Closed $350,000 New Conventional
Previous Owner $300,000 Unknown
Previous Owner $300,000 Purchase Money Mortgage
Previous Owner $285,850 Purchase Money Mortgage
Previous Owner $57,554 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2024 03/20/24 Sold $450,000 -9.8% $171 / Sq Ft
01/18/2024 01/18/24 Price Changed $499,000 -4.8% $190 / Sq Ft
01/11/2024 01/11/24 Price Changed $524,300 0.0% $199 / Sq Ft
12/07/2023 12/07/23 Price Changed $524,500 0.0% $199 / Sq Ft
11/10/2023 11/10/23 Price Changed $524,700 0.0% $199 / Sq Ft
11/08/2023 11/08/23 Price Changed $524,800 -1.9% $199 / Sq Ft
11/02/2023 11/02/23 Price Changed $534,800 -1.8% $203 / Sq Ft
10/19/2023 10/19/23 Price Changed $544,800 -0.9% $207 / Sq Ft
10/16/2023 10/16/23 Price Changed $549,800 +0.1% $209 / Sq Ft
10/14/2023 10/14/23 Price Changed $549,500 -0.1% $209 / Sq Ft
10/03/2023 10/03/23 Price Changed $549,800 0.0% $209 / Sq Ft
09/20/2023 09/20/23 For Sale $549,900 +120.0% $209 / Sq Ft
06/22/2017 06/22/17 Sold $249,900 -17.8% $95 / Sq Ft
05/31/2017 05/31/17 Pending -- -- --
01/03/2017 01/03/17 For Sale $304,000 -- $116 / 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 $4,412 $302,956 -- --
2023 $4,412 $294,132 $0 $0
2022 $4,187 $285,565 $0 $0
2021 $4,191 $277,248 $0 $0
2020 $4,159 $273,420 $0 $0
2019 $4,100 $267,273 $0 $0
2018 $3,708 $251,486 $40,000 $211,486
2017 $4,608 $268,237 $40,000 $228,237
2016 $4,487 $258,354 $0 $0
2015 $4,409 $249,511 $0 $0
2014 $4,062 $241,105 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Edward Rogers

    Seller's Agent in 2024

    Edward Rogers

    OCALA REALTY WORLD LLC

    (352) 414-5876

    2 in this area

    17 Total Sales

    Edward Rogers
    Section Image
  • Brittany Cheek

    Buyer's Agent in 2024

    Brittany Cheek

    GREAT WESTERN REALTY

    (727) 314-2014

    1 in this area

    83 Total Sales

    Brittany Cheek
    Section Image
  • Clay Lehman

    Seller's Agent in 2017

    Clay Lehman

    RESOLUTE REAL ESTATE LLC

    (352) 812-2807

    19 in this area

    84 Total Sales

    Clay Lehman
    Section Image
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Map

Source: Stellar MLS

MLS Number: OM511757

Stellar MLS

APN: 3139-001-020

Florida Marion County Ocala 34480 Silver Spring Shores

5060 SE 40th St, Ocala, FL

This home is located at 5060 SE 40th St, Ocala, FL 34480 and is currently priced at $249,900, approximately $94 per square foot. This property was built in 2005. 5060 SE 40th St is a home located in Marion County with nearby schools including Maplewood Elementary School, Osceola Middle School, and Forest 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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