NOT LISTED FOR SALE

540 SE 56th Ave Ocala, FL 34480

Silver Spring Shores Neighborhood

Estimated Value: $264,000 - $321,000

3 Beds
2 Baths
1,456 Sq Ft
$197/Sq Ft Est. Value

Last Sold May 22, 2024

Last sale price $300,000 $206 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,811/month

5 Days on Market

Highlights

  • High Ceiling
  • No HOA
  • Eat-In Kitchen
  • Forest High School Rated A-
  • 2 Car Attached Garage
  • Crown Molding

About This Home

As of May 2024

Welcome to this charming 3/2 home in southeast Ocala on a dead end street with a two car garage on just over a 1/4 acre. The spacious backyard is fully fenced with vinyl fencing and has a huge back porch with beautifully exposed wood beams, two ceiling fans and flood lights . Inside the home you will find high ceilings in the great room and a kitchen/dining room combo. The kitchen comes equipped with all stainless steal appliances, quartz countertops and a large built in pantry. This home boasts large bedrooms and all new tile in both showers. Additional improvements on the home include the roof (2022), new AC unit (2024), and a new drain field installed (2024.)

Last Agent to Sell the Property

Milena Wade

MAGNOLIA HOMES AND LAND LLC Brokerage Phone: 352-895-8114 License #3546567 Listed on: 04/12/2024

Last Buyer's Agent

Lynn Taylor

HOMERUN REALTY License #3221721

HOMERUN REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,900

Year Built

  • Built in 1983

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 87x136
  • West Facing Home
  • Property is zoned R1

Parking

  • 2 Car Attached Garage

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,456 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Window Treatments

Kitchen

  • Eat-In Kitchen
  • Convection Oven
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • Private Mailbox

Schools

  • Ward-Highlands Elem. Elementary School
  • Fort King Middle School
  • Forest High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Delcrest Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,900

Year Built

Built in 1983

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Wood Frame, Wood Siding
  • Fireplace: Yes
  • Living Area: 1456
  • Lot Size Acres: 0.27
  • New Construction: No
  • Year Built: 1983
  • Building Area Total: 1456
  • Lot Size Sq Ft: 11761
  • Status: Sold
  • Street Direction: SE
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 135.27
  • Escrow City: Ocala
  • Escrow State: FL
  • Escrow Street Name: E. Silver Springs Blvd.
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 206.04
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 0
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 352-895-8114
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Luxury Vinyl
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Eat-in Kitchen, High Ceilings, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Appliances Included: Convection Oven, Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Foundation Details: Concrete Perimeter
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 135.27

Exterior Features

  • Direction Faces: West
  • Exterior Features: Private Mailbox
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • 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: BB/HS Internet Available, Cable Available, Electricity Connected, Water Connected
  • Cooling: Central Air
  • Heating: Gas
  • Laundry Features: In Garage
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Development: Not in Development

Fee Information

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

Schools

  • Elementary School: Ward-Highlands Elem. School
  • High School: Forest High School
  • Middle Or Junior School: Fort King Middle School

Lot Info

  • Zoning: R1
  • Parcel Number: 2738-002-003
  • Additional Parcels: No
  • Lot Dimensions: 87x136
  • Flood Zone Code: X

Rental Info

  • Lease Restrictions YN: 0

Tax Info

  • Tax Annual Amount: 1900.1
  • Tax Block: B
  • Tax Book Number: W-011DELCRES
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2024
Closed on
May 21, 2024
Sold by
Wade Tyler C and Wade Milena B
Bought by
Hines John Alfred and Myddelton Joan
Seller's Agent
Milena Wade
MAGNOLIA HOMES AND LAND LLC
Buyer's Agent
Lynn Taylor
HOMERUN REALTY
List Price
$295,000
Sold Price
$300,000
Premium/Discount to List
$5,000
1.69%
Views
32
Current Estimated Value
$286,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,425
Avg. Annual Appreciation
-2.74%
Original Mortgage
$294,566
Outstanding Balance
$289,820
Interest Rate
7.1%
Mortgage Type
FHA
Estimated Equity
-$3,245

Purchase Details

Listed on
Sep 17, 2019
Closed on
Nov 1, 2019
Sold by
Olmstead Properties Llc
Bought by
Wade Tyler C and Wade Milena B
Buyer's Agent
Cindy Kauffman
SOUTHERN ASSOCIATES REALTY LLC
List Price
$129,900
Sold Price
$135,500
Premium/Discount to List
$5,600
4.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.04%
Original Mortgage
$133,045
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 24, 2019
Sold by
Burke Patrick and Burke Kathryn
Bought by
Olmstead Properties Llc

Purchase Details

Closed on
Oct 1, 2008
Sold by
Kilkelly John J and Kilkelly Cloteen
Bought by
Burke Patrick and Burke Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2003
Sold by
Smith Jeffrey Gray and Smith Claire Clark
Bought by
Kilkelly John J and Kilkelly Cloteen
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hines John Alfred $300,000 Ocala Land Title
Hines John Alfred $300,000 Ocala Land Title
Wade Tyler C $135,500 Florida Internationl T&E
Olmstead Properties Llc $80,000 Florida International T&E
Burke Patrick $140,000 Brick City Title Insurance A
Kilkelly John J $78,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hines John Alfred $294,566
Closed Hines John Alfred $294,566
Previous Owner Wade Tyler C $133,045
Previous Owner Burke Patrick $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/22/2024 05/22/24 Sold $300,000 +1.7% $206 / Sq Ft
04/18/2024 04/18/24 Pending -- -- --
04/12/2024 04/12/24 For Sale $295,000 +117.7% $203 / Sq Ft
11/01/2019 11/01/19 Sold $135,500 +4.3% $93 / Sq Ft View Prior Sale
09/25/2019 09/25/19 Pending -- -- --
09/17/2019 09/17/19 For Sale $129,900 -- $89 / 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
2025 $3,753 $247,789 $60,000 $187,789
2024 $2,035 $147,505 -- --
2023 $1,900 $138,016 $0 $0
2022 $1,846 $133,996 $0 $0
2021 $1,838 $130,093 $0 $0
2020 $1,821 $128,297 $20,000 $108,297
2019 $1,205 $90,268 $0 $0
2018 $1,150 $88,585 $0 $0
2017 $1,129 $86,763 $0 $0
2016 $1,095 $84,978 $0 $0
2015 $1,096 $84,387 $0 $0
2014 $1,052 $83,717 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Milena Wade

    MAGNOLIA HOMES AND LAND LLC

    (352) 361-7903

    6 in this area

    20 Total Sales

    Milena Wade
    Section Image
  • Lynn Taylor

    Buyer's Agent in 2024

    Lynn Taylor

    HOMERUN REALTY

    (352) 817-3076

    10 in this area

    58 Total Sales

    Lynn Taylor
    Section Image
  • Steve Martin

    Buyer Co-Listing Agent in 2024

    Steve Martin

    HOMERUN REALTY

    (352) 816-0989

    7 in this area

    50 Total Sales

    Steve Martin
    Section Image
  • Cindy Kauffman

    Buyer's Agent in 2019

    Cindy Kauffman

    SOUTHERN ASSOCIATES REALTY LLC

    (352) 461-1038

    85 in this area

    604 Total Sales

    Cindy Kauffman
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: OM676641

Stellar MLS

APN: 2738-002-003

Florida Marion County Ocala 34480 Silver Spring Shores

540 SE 56th Ave, Ocala, FL

Not Listed for Sale

Detached

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

Nearby Homes