$259,000
SOLD AUG 22, 2025

5118 SW 197th Terrace Dunnellon, FL 34431

2 Beds
2 Baths
1,185 Sq Ft
0.95 Acres

Recently Sold

$219 Per Sq Ft

7% Below List Price

131 Days on Market

Highlights

  • Open Floorplan
  • Solid Surface Countertops
  • 2 Car Attached Garage
  • Wood Flooring
  • No HOA
  • Eat-In Kitchen

About This Home

As of August 2025

This beautiful home is situated on 0.95 acres of land, offering both space and privacy. The property is fully fenced from the back of the house to the back property line, providing a secure and serene environment.

Inside, you'll find a spacious kitchen featuring sleek granite countertops, plenty of cabinet space, and an open layout perfect for entertaining. The living areas are enhanced by gorgeous hardwood floors, while both bathrooms are finished with elegant tile flooring.

Enjoy the expansive backyard, perfect for outdoor activities or simply relaxing in your private space. Located just minutes from downtown Dunnellon and only a 20-minute drive to Ocala, this home combines the tranquility of rural living with convenient access to nearby amenities.

Last Agent to Sell the Property

Freddie Moore

COLDWELL BANKER RIVERLAND RLTY License #3060836 Listed on: 03/27/2025

COLDWELL BANKER RIVERLAND RLTY

Co-Listed By

Reilly Moore Team

COLDWELL BANKER RIVERLAND RLTY License #3069349

Last Buyer's Agent

Nicholas Melendez

GLOBALWIDE REALTY LLC License #3625968

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,255

Year Built

  • Built in 1989

Lot Details

  • 0.95 Acre Lot
  • Lot Dimensions are 100x415
  • East Facing Home
  • Property is zoned R1

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Shingle Roof
  • Concrete Siding
  • Stucco

Interior Spaces

  • 1,185 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Window Treatments
  • Combination Dining and Living Room
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Dinette
  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Private Mailbox

Utilities

  • Central Heating and Cooling System
  • Well
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Rainbow Acres Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,255

Year Built

Built in 1989

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Concrete, Stucco
  • Fireplace: No
  • Living Area: 1185
  • Lot Size Acres: 0.95
  • New Construction: No
  • Year Built: 1989
  • Building Area Total: 1916
  • Lot Size Sq Ft: 41382
  • Directions to Property: HWY 41 , WEST SW 54 ST, TL SW 197TER , HOME ON LEFT
  • Status: Sold
  • Street Direction: SW
  • Co List Office Mls Id: MFR271517146
  • Co List Office Phone: 352-489-4511
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow City: Dunnellon
  • Escrow Postal Code: 34431
  • Escrow State: FL
  • Escrow Street Name: W. Pennsylvania Ave
  • Escrow Street Number: 20815
  • List Office Head Office Key Nume: 1044878
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 218.57
  • Total Acreage: 1/2 to less than 1
  • Unit Number YN: 0
  • Water Access YN: 0
  • MFR_InLawSuiteYN: 0
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Hardwood
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 5118
  • Living Area Meters: 110.09
  • Room Count: 6

Exterior Features

  • Direction Faces: East
  • Exterior Features: Private Mailbox
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: R1
  • Parcel Number: 1751-004-024
  • Additional Parcels: No
  • Lot Dimensions: 100x415
  • Flood Zone Code: X
  • Homestead YN: 1
  • Lot Size Square Meters: 3845

Green Features

  • Green Verification Count: 0

Rental Info

  • Lease Restrictions YN: 0

Tax Info

  • Tax Annual Amount: 1254.89
  • Tax Block: 4
  • Tax Book Number: G-095RAINBOW
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2025
Closed on
Aug 22, 2025
Sold by
Rosales Megan E and Wright Megan E
Bought by
Sears Brandi M
Seller's Agent
Freddie Moore
COLDWELL BANKER RIVERLAND RLTY
Buyer's Agent
Nicholas Melendez
GLOBALWIDE REALTY LLC
List Price
$279,000
Sold Price
$259,000
Premium/Discount to List
-$20,000
-7.17%
Views
52

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.75%

Purchase Details

Closed on
Jul 6, 2018
Sold by
Wright Richard
Bought by
Wright Megan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,550
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 24, 2018
Sold by
Wright Patrick S
Bought by
Wright Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 18, 2014
Closed on
Nov 12, 2014
Sold by
The Secretary Of Veterans Affairs
Bought by
Wright Patrick S
Seller's Agent
Richard Kiefer
KIEFER REALTY, PA
Buyer's Agent
Mary Durr
SHOWCASE PROPERTIES OF CENTRAL
List Price
$60,900
Sold Price
$48,250
Premium/Discount to List
-$12,650
-20.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.13%

Purchase Details

Closed on
Feb 18, 2014
Sold by
Devoe Susan and Devoe Sven
Bought by
Secretary Of Veterans Affairs

Purchase Details

Closed on
Aug 20, 2004
Sold by
Warren Robert T
Bought by
Devoe Susan D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,425
Interest Rate
5.97%
Mortgage Type
VA

Purchase Details

Closed on
Dec 27, 2001
Sold by
Roman Jeanne E and Sorise Jeanne E
Bought by
Warren Robert T
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $259,000 All Florida Homes Title
Warranty Deed $115,000 Clear Choice Title Inc
Warranty Deed $60,000 Attorney
Special Warranty Deed $48,250 Attorney
Trustee Deed -- None Available
Warranty Deed $100,000 Stewart Title Of Pinellas
Warranty Deed $64,900 Affiliated Title Of Marion C
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $111,550 Adjustable Rate Mortgage/ARM
Previous Owner $30,000 New Conventional
Previous Owner $96,425 VA
Previous Owner $132,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 Sold $259,000 -3.7% $219 / Sq Ft
08/05/2025 08/05/25 Pending -- -- --
05/20/2025 05/20/25 Price Changed $269,000 -3.6% $227 / Sq Ft
04/21/2025 04/21/25 For Sale $279,000 0.0% $235 / Sq Ft
04/16/2025 04/16/25 Pending -- -- --
03/27/2025 03/27/25 For Sale $279,000 +478.2% $235 / Sq Ft
04/30/2020 04/30/20 Off Market $48,250 -- --
11/24/2014 11/24/14 Sold $48,250 -20.8% $41 / Sq Ft
11/05/2014 11/05/14 Pending -- -- --
07/18/2014 07/18/14 For Sale $60,900 -- $51 / 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 $1,255 $100,845 -- --
2023 $1,255 $97,908 $0 $0
2022 $1,179 $95,056 $0 $0
2021 $1,168 $92,287 $0 $0
2020 $1,156 $91,013 $0 $0
2019 $1,133 $88,967 $5,600 $83,367
2018 $859 $71,900 $0 $0
2017 $854 $70,421 $0 $0
2016 $834 $68,973 $0 $0
2015 $836 $68,494 $0 $0
2014 $1,299 $65,254 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: OM698188

Stellar MLS

APN: 1751-004-024