NOT LISTED FOR SALE

5320 SW 87th Place Ocala, FL 34476

Estimated Value: $380,267 - $583,000

3 Beds
2 Baths
2,359 Sq Ft
$185/Sq Ft Est. Value

Last Sold November 11, 2024

Last sale price $404,900 $172 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,347/month

15 Days on Market

Highlights

  • In Ground Pool
  • Florida Architecture
  • Wood Flooring
  • West Port High School Rated A-
  • Cathedral Ceiling
  • Mature Landscaping

About This Home

As of November 2024

Nestled in the picturesque Majestic Oaks Subdivision in SW Ocala, this home 3/2 offers the perfect blend of convenience and luxury. You'll find yourself just moments away from shopping, hotels, dining options, and top-tier hospitals. This residence features a new HVAC system installed in 2020, a new roof in 2018, and a central vacuum system. The kitchen features stainless steel appliances and oak wood cabinetry. The laundry room/mudroom is strategically positioned between the garage and kitchen. The heart of this split floor plan home is its spacious open-concept living area, perfect for entertaining. With vaulted ceilings and triple sliders leading to the lanai and pool area, this space is filled with natural light and features beautiful engineered hardwood flooring. Step outside onto the covered lanai, where you'll find a beautiful pool, complete with an outdoor shower. Enjoy the utmost privacy in your fenced backyard oasis, which includes a renovated 12x13 workshop/studio with AC. The primary bedroom features glass sliders that overlook the pool, and an ensuite bathroom complete with a garden tub, shower, and separate vanities. The generously sized guest bedrooms give ample closet space, making them perfect for family or guests. The garage, which is under heat and AC, offers the potential for easy conversion. Newly interior painted doors, walls and baseboard (not painted, laundry and workshop) Master bathroom: rebuilt shower with new faucets, new plantation shutters. Kitchen: Refurbished backsplash, new quartz countertops, new faucets and sink, new top of the line appliances, smart LG, new glass doors. Throughout: new light features in entry, dinning and kitchen, pool deck and lanai refurbished and painted, new window coverings. Pool deck and lanai resurfaced and painted. All completed in 2024, Over $25,000 invested. Don't hesitate, as this home won't stay on the market for long. Schedule your viewing today!

Last Agent to Sell the Property

Lee Kerr

REAL PROPERTY MGMT DIVERSIFIED License #3395179 Listed on: 09/08/2024

Last Buyer's Agent

Kimberly Ducharme

MORRIS REALTY AND INVESTMENTS License #3178584

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,439

Year Built

  • Built in 1994

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 113x128
  • Northeast Facing Home
  • Chain Link Fence
  • Mature Landscaping
  • Irrigation
  • Landscaped with Trees
  • Property is zoned R1

HOA Fees

  • $11 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Florida Architecture
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 2,359 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Drapes & Rods
  • Sliding Doors
  • Living Room
  • Dining Room

Kitchen

  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Heated Spa
  • Pool Deck
  • Outdoor Shower
  • Auto Pool Cleaner
  • Pool Lighting

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Underground Utilities
  • Private Sewer
  • Phone Available
  • Cable TV Available

Community Details

  • Majestic Oaks Association
  • Majestic Oaks Second Add Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,439

Year Built

Built in 1994

Lot Details

0

HOA Fees

$11 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Florida
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 2359
  • Lot Size Acres: 0.33
  • New Construction: No
  • Year Built: 1994
  • Building Area Total: 2790
  • Lot Size Sq Ft: 14375
  • Status: Sold
  • Street Direction: SW
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 259.20
  • Escrow State: FL
  • Minimum Lease: 1-2 Years
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 171.64
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 0
  • Planned Unit Development Yn: 0
  • AG Exemption YN: 0
  • MFR_BedroomClosetType: Built-in Closet
  • MFR_BedroomClosetType: Walk-in Closet
  • MFR_BedroomClosetType: Walk-in Closet
  • MFR_BedroomClosetType: Built-in Closet
  • MFR_BedroomClosetType: Walk-in Closet
  • MFR_InLawSuiteYN: 0
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Hardwood
  • Full Bathrooms: 2
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Central Vaccum, High Ceilings, Primary Bedroom Main Floor, Split Bedroom, Thermostat, Walk-In Closet(s)
  • Appliances Included: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: Heated
  • Stories: 1
  • Window Features: Blinds, Drapes, Window Treatments
  • ResoLivingAreaSource: Owner
  • Living Area Meters: 219.16

Exterior Features

  • Direction Faces: Northeast
  • Pool Features: Auto Cleaner, Deck, In Ground, Lighting
  • Exterior Features: Irrigation System, Outdoor Shower, Rain Gutters, Sliding Doors, Storage
  • Roof: Shingle
  • Pool Private: Yes
  • Waterfront: No
  • Patio and Porch Features: Covered, Front Porch, Patio
  • Road Surface Type: Asphalt
  • 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, Phone Available, Sewer Connected, Underground Utilities, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Room
  • Sewer: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 132
  • Association Fee Frequency: Annually
  • Association Name: Majestic Oaks
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 132.00
  • Total Monthly Fees: 11.00
  • Monthly HOA Amount: 11.00

Lot Info

  • Zoning: R1
  • Parcel Number: 35621-008-03
  • Additional Parcels: No
  • Fencing: Chain Link
  • Lot Dimensions: 113x128
  • Flood Zone Code: x

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Cats OK, Dogs OK
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: See HOA

Tax Info

  • Tax Annual Amount: 5439.02
  • Tax Block: H
  • Tax Book Number: 002-027MAJESTI
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2024
Closed on
Nov 6, 2024
Sold by
Betancourt Blanca
Bought by
Burke Michael E and Burke Andrea S
Seller's Agent
Lee Kerr
REAL PROPERTY MGMT DIVERSIFIED
Buyer's Agent
Kimberly Ducharme
MORRIS REALTY AND INVESTMENTS
List Price
$409,900
Sold Price
$404,900
Premium/Discount to List
-$5,000
-1.22%
Views
20
Current Estimated Value
$437,567

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,667
Avg. Annual Appreciation
7.75%
Original Mortgage
$202,500
Outstanding Balance
$200,775
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$236,792

Purchase Details

Listed on
Oct 5, 2023
Closed on
Nov 7, 2023
Sold by
87Th Place Llc
Bought by
Betancourt Blanca and Bowman James
Seller's Agent
Bert Meadows
MEADOWS REALTY, LLC
Buyer's Agent
Lee Kerr
REAL PROPERTY MGMT DIVERSIFIED
List Price
$395,000
Sold Price
$380,000
Premium/Discount to List
-$15,000
-3.8%
Views
56

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.49%
Original Mortgage
$144,001
Interest Rate
7.31%
Mortgage Type
VA

Purchase Details

Listed on
May 10, 2021
Closed on
Apr 30, 2021
Sold by
Jordan Charles W and Jordan Sherrie
Bought by
87Th Place Llc
Seller's Agent
Bert Meadows
MEADOWS REALTY, LLC
Buyer's Agent
Bert Meadows
MEADOWS REALTY, LLC
Sold Price
$2,450

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.55%

Purchase Details

Closed on
Mar 18, 2005
Sold by
Kreczmer Edward J and Kreczmer Carol Lynn
Bought by
Jordan Charles Wesley and Jordan Sherrie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,600
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 2002
Sold by
Kubelka Anthony R and Kubelka Nancy A
Bought by
Kreczmer Edward J and Kreczmer Carol Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.52%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Burke Michael E $404,900 Affiliated Title
Burke Michael E $404,900 Affiliated Title
Betancourt Blanca $380,000 Oxford Title
87Th Place Llc $309,000 First American Title Ins Co
Jordan Charles Wesley $249,900 Premier Title Of Ocala Inc
Kreczmer Edward J $179,900 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burke Michael E $202,500
Closed Burke Michael E $202,500
Previous Owner Betancourt Blanca $144,001
Previous Owner Jordan Charles Wesley $164,571
Previous Owner Jordan Charles Wesley $179,600
Previous Owner Kreczmer Edward J $60,000
Previous Owner Kreczmer Edward J $90,000
Previous Owner Kreczmer Edward J $75,000
Previous Owner Kreczmer Edward J $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/11/2024 11/11/24 Sold $404,900 -1.2% $172 / Sq Ft
09/23/2024 09/23/24 Pending -- -- --
09/23/2024 09/23/24 For Sale $409,900 0.0% $174 / Sq Ft
09/18/2024 09/18/24 Pending -- -- --
09/08/2024 09/08/24 For Sale $409,900 +7.9% $174 / Sq Ft
11/07/2023 11/07/23 Sold $380,000 -3.8% $138 / Sq Ft View Prior Sale
10/15/2023 10/15/23 Pending -- -- --
10/05/2023 10/05/23 For Sale $395,000 0.0% $144 / Sq Ft
07/18/2022 07/18/22 Rented $2,450 0.0% --
06/29/2022 06/29/22 Under Contract -- -- --
06/13/2022 06/13/22 For Rent $2,450 0.0% --
05/27/2021 05/27/21 Rented $2,450 0.0% --
05/10/2021 05/10/21 For Rent $2,450 0.0% --
04/30/2021 04/30/21 Sold $309,000 +3.2% $112 / Sq Ft View Prior Sale
03/20/2021 03/20/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $299,500 -- $109 / 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 $302 $333,729 $26,800 $306,929
2023 $5,439 $320,091 $0 $0
2022 $4,910 $290,992 $26,800 $264,192
2021 $2,359 $165,144 $0 $0
2020 $2,339 $162,864 $0 $0
2019 $2,302 $159,202 $0 $0
2018 $2,184 $156,234 $0 $0
2017 $2,143 $153,021 $0 $0
2016 $2,354 $149,874 $0 $0
2015 $2,366 $148,832 $0 $0
2014 $2,241 $147,651 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: OM684179

Stellar MLS

APN: 35621-008-03