NOT LISTED FOR SALE

5516 NW 40th Loop Ocala, FL 34482

Fellowship Neighborhood

Estimated Value: $289,179 - $329,000

3 Beds
2 Baths
1,402 Sq Ft
$218/Sq Ft Est. Value

Last Sold January 20, 2023

Last sale price $313,245 $223 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,218/month

100 Days on Market

Highlights

  • Boat Dock
  • Fitness Center
  • Senior Community
  • Golf Course Community
  • Under Construction
  • Gated Community

About This Home

As of January 2023

Ocala's Finest Resort-Style Living! Welcome to Ocala Preserve! Enjoy a private oasis with access to Walking/Hiking/Bike Trails, Tennis and Pickleball Courts, Resort Style Pool, On-Site Restaurant, Athletic Center, The Golf Club, Clubhouse, Day Spa and Dog Park. Relax on a kayak and watch the sunrise over our beautiful lake. Unwind at the end of your day with a glass of wine on the expansive Veranda, or enjoy a Chef inspired meal at Salt and Brick restaurant. This all concrete block constructed open-concept home offers a great room that leads out to a covered lanai and highly functioning kitchen with a large granite island. At the front of the home, you will find two bedrooms with a full bathroom and laundry room. Bedroom 1 which includes an ensuite bath boasts an oversized shower and is located at the back of the home for maximum privacy. This home includes a stainless-steel electric range, microwave, and built-in dishwasher. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. CBC057592.

Last Agent to Sell the Property

Anne Peterson Eger

DR HORTON REALTY OF WEST CENTRAL FLORIDA License #3151283 Listed on: 05/27/2022

DR HORTON REALTY OF WEST CENTRAL FLORIDA

Last Buyer's Agent

Amber Nardino

EXP REALTY LLC License #3376407

EXP REALTY LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,087

Year Built

  • Built in 2022 | Under Construction

Lot Details

  • 5,692 Sq Ft Lot
  • Northeast Facing Home
  • Property is zoned R1

HOA Fees

  • $437 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,402 Sq Ft Home
  • Open Floorplan

Kitchen

  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Fessenden Elementary School
  • Howard Middle School
  • West Port High School

Utilities

  • Central Air
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Senior Community
  • Association fees include community pool, ground maintenance, manager, pool maintenance, private road
  • Ocala Preserve Homeowners Association, Phone Number (913) 607-2220
  • Built by D.R. Horton INC
  • Ocala Preserve Subdivision, Bowen Floorplan
  • The community has rules related to fencing, allowable golf cart usage in the community
  • Rental Restrictions

Recreation

  • Boat Dock
  • Community Boat Slip
  • Golf Course Community
  • Tennis Courts
  • Pickleball Courts
  • Recreation Facilities
  • Fitness Center
  • Community Pool
  • Community Spa
  • Trails

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,087

Year Built

Built in 2022 | Under Construction

Lot Details

0

HOA Fees

$437 per month

Parking

2

Listing Details

  • HOA Fee Includes: Community Pool, Maintenance Grounds, Manager, Pool Maintenance, Private Road
  • Property Type: Residential
  • Property Condition: Under Construction
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1402
  • Lot Size Acres: 0.13
  • New Construction: Yes
  • Year Built: 2022
  • Lot Size Sq Ft: 5692
  • Directions to Property: From I-75, take exit 354 towards US-27 and head NW on Old Blitchton Road. Turn right on NW 55th Ave and continue northbound through the first traffic circle. At the 2nd traffic circle, take the second exit onto NW 41st Loop. Models will be ahead on your left.
  • Status: Sold
  • Street Direction: NW
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3376276?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3376276?w=Customer
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Home Warranty Y N: Yes
  • Call Center Phone Number: 844-348-7697
  • Projected Completion Date: 2022-10-30T04:00:00.000Z
  • Ratio: Close Price\List Price: 1.0105
  • Price per Sq Ft: 223.43
  • Close to Original List Price Ratio: 0.95454
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2022
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Open Floorplan
  • Appliances Included: Dishwasher, Microwave, Range
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Street Number Modifier: 5516
  • Room Count: 4
  • ResoLivingAreaSource: Builder

Exterior Features

  • Direction Faces: Northeast
  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

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

Utilities

  • Utilities: Cable Available
  • Cooling: Central Air
  • Heating: Electric, Heat Pump
  • Sewer: Public Sewer
  • Water Source: Public
  • Public Remarks Required: One or more photo(s) has been virtually staged. Under Construction.
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Fitness, Gated Community, Golf Carts OK, Golf, Pool, Sidewalk, Tennis Courts
  • Association Amenities: Boat Slip, Clubhouse, Boat Dock, Fence Restrictions, Fitness Center, Gated, Golf Course, Pickleball Court(s), Pool, Recreation Facilities, Spa/Hot Tub, Tennis Court(s), Trail(s)
  • Association Fee: 437.4
  • Association Fee Frequency: Monthly
  • Association Name: Ocala Preserve Homeowners Association
  • Phone: 913-607-2220
  • Association: Yes
  • Senior Community: Yes
  • Amenities Additional Fees: HOA fee also Includes: Up to 200mbps of Internet, Irrigation water and maintenance
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 5248.8
  • Monthly HOA Fee: 437.4
  • Total Monthly Fees: 437.4

Schools

  • Elementary School: Fessenden Elementary School
  • High School: West Port High School
  • Middle Or Junior School: Howard Middle School

Lot Info

  • Zoning: R1
  • Parcel Number: 1369-0212-00
  • Additional Parcels: No
  • Flood Zone Code: x
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: D.R. Horton INC

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 3 Months
  • Approval Process: Per HOA Guidelines
  • Pet Restrictions: Per HOA Guidelines
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Per HOA Guidelines

Tax Info

  • Tax Block: -
  • Tax Book Number: 013/061
  • Tax Lot: 212

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2022
Closed on
Jan 20, 2023
Sold by
Dr Horton Inc
Bought by
Ryan Kelly Lee and Ryan Dennis George
Seller's Agent
Anne Peterson Eger
DR HORTON REALTY OF WEST CENTRAL FLORIDA
Buyer's Agent
Amber Nardino
EXP REALTY LLC
List Price
$328,165
Sold Price
$313,245
Premium/Discount to List
-$14,920
-4.55%
Views
5
Current Estimated Value
$306,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,200
Avg. Annual Appreciation
-1.15%
Original Mortgage
$177,451
Outstanding Balance
$172,844
Interest Rate
6.33%
Mortgage Type
VA
Estimated Equity
$131,541
Source: Public Records

Range of Values:

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
Ryan Kelly Lee $313,245 Dhi Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ryan Kelly Lee $177,451
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2023 01/20/23 Sold $313,245 +1.1% $223 / Sq Ft
09/05/2022 09/05/22 Pending -- -- --
08/31/2022 08/31/22 Price Changed $309,990 -1.3% $221 / Sq Ft
08/22/2022 08/22/22 Price Changed $314,165 -1.3% $224 / Sq Ft
08/21/2022 08/21/22 Price Changed $318,165 -1.9% $227 / Sq Ft
06/07/2022 06/07/22 Price Changed $324,165 -1.5% $231 / Sq Ft
05/31/2022 05/31/22 Price Changed $329,165 +0.3% $235 / Sq Ft
05/27/2022 05/27/22 For Sale $328,165 -- $234 / 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
2023 $1,087 $269,493 $50,000 $219,493
2022 $1,087 $55,000 $55,000 $0
2021 $918 $55,000 $55,000 $0
2020 $872 $55,000 $55,000 $0
2019 $767 $45,000 $45,000 $0
2018 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Anne Peterson Eger

    DR HORTON REALTY OF WEST CENTRAL FLORIDA

    (352) 558-6840

    324 in this area

    3,864 Total Sales

    Anne Peterson Eger
    Section Image
  • Amber Nardino

    Buyer's Agent in 2023

    Amber Nardino

    EXP REALTY LLC

    (850) 843-2739

    9 in this area

    119 Total Sales

    Amber Nardino
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: T3376276

Stellar MLS

APN: 1369-0212-00

Florida Marion County Ocala 34482 Fellowship

5516 NW 40th Loop, Ocala, FL

This home is located at 5516 NW 40th Loop, Ocala, FL 34482 since 27 May 2022 and is currently estimated at $306,045, approximately $218 per square foot. This property was built in 2022. 5516 NW 40th Loop is a home located in Marion County with nearby schools including Fessenden Elementary School, Howard Middle School, and West Port 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

Nearby Homes