NOT LISTED FOR SALE

5562 SW 40th St Ocala, FL 34474

Southwest Ocala Neighborhood

Estimated Value: $307,000 - $359,815

3 Beds
2 Baths
1,970 Sq Ft
$169/Sq Ft Est. Value

Last Sold March 18, 2022

Last sale price $368,000 $187 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $2,375/month

2 Days on Market

Highlights

  • Fitness Center
  • Screened Pool
  • Engineered Wood Flooring
  • West Port High School Rated A-
  • Open Floorplan
  • Outdoor Kitchen

About This Home

As of March 2022

MOVE IN READY POOL HOME! Stunning views of the salt water, solar heated pool greet you as you enter this home. Enjoy a swim or relax on the covered porch complete with an oversized granite bar and grilling area. The interior of this home offers an open floorplan with a large family room and dining area open to the kitchen with island, breakfast bar, and eat in area perfect for entertaining. Spacious master with beautiful master bath with double vanities, custom walk in shower, and huge walk in closet. The bonus room off the master would make a great office, nursery or game room and has endless possibilities. Two guest bedrooms with brand new carpet, guest bath with granite counters, and updated laundry room with built in cabinetry and granite folding station round out the interior. Located in the sought after neighborhood of Fore Ranch, amenities include community pool, clubhouse, fitness center, game room, tennis courts, and walking/jogging paths. Conveniently located to shops, restaurants, medical, and I-75.

Last Agent to Sell the Property

Kelly Robinson

NEXT GENERATION REALTY OF MARION COUNTY LLC License #3214220 Listed on: 02/21/2022

Last Buyer's Agent

Tracy McEachern

MAGNOLIA HOMES AND LAND LLC License #3415585

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,750

Year Built

  • Built in 2007

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x120
  • North Facing Home
  • Vinyl Fence
  • Property is zoned PUD

HOA Fees

  • $105 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Shingle Roof
  • Concrete Siding
  • Stucco

Interior Spaces

  • 1,970 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Family Room Off Kitchen
  • Bonus Room
  • Inside Utility
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops

Flooring

  • Engineered Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Pool

  • Screened Pool
  • Heated In Ground Pool
  • Gunite Pool
  • Saltwater Pool
  • Fence Around Pool
  • Chlorine Free

Outdoor Features

  • Outdoor Kitchen
  • Outdoor Grill

Schools

  • Saddlewood Elementary School
  • Liberty Middle School
  • West Port High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, pool maintenance, recreational facilities
  • Leland Management Monica Berrios Association, Phone Number (352) 237-3446
  • Saddle Creek Ph 02 Subdivision
  • Rental Restrictions

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,750

Year Built

Built in 2007

Lot Details

0

HOA Fees

$105 per month

Parking

2

Listing Details

  • HOA Fee Includes: Community Pool, Pool Maintenance, Recreational Facilities
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Concrete, Stucco
  • Fireplace: No
  • Living Area: 1970
  • Lot Size Acres: 0.17
  • New Construction: No
  • Year Built: 2007
  • Lot Size Sq Ft: 7405
  • Directions to Property: SW College Rd to Right at SW 48th Ave, follow through roundabout to Right on SW 42nd St, Right on SW 53rd Ave, Right on SW 54th Terr, Left on SW 40th St to home on left.
  • Status: Sold
  • Street Direction: SW
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM633903?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM633903?w=Customer
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1.05293
  • Price per Sq Ft: 186.8
  • Close to Original List Price Ratio: 1.05293
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Engineered Hardwood, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, Kitchen/Family Room Combo, Open Floorplan, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Microwave, Range, Refrigerator, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: No
  • Stories: 1
  • Street Number Modifier: 5562
  • Room Count: 4
  • Additional Rooms: Bonus Room, Inside Utility

Exterior Features

  • Direction Faces: North
  • Pool Features: Chlorine Free, Gunite, Heated, In Ground, Salt Water, Screen Enclosure
  • Exterior Features: Fenced, Other, Outdoor Grill, Outdoor Kitchen, Sidewalk, Sliding Doors
  • Roof: Shingle
  • Pool Private: Yes
  • Waterfront: No
  • Road Surface Type: Asphalt
  • 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: BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Central, Heat Pump
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Fitness, Playground, Pool, Sidewalk, Tennis Courts
  • Association Fee: 105.2
  • Association Fee Frequency: Monthly
  • Association Name: Leland Management- Monica Berrios
  • Phone: (352) 237-3446
  • Association: Yes
  • Senior Community: No
  • Association Email: mberrios@lelandmanagement.com
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 1262.4
  • Monthly HOA Fee: 105.2
  • Total Monthly Fees: 105.2

Schools

  • Elementary School: Saddlewood Elementary School
  • High School: West Port High School
  • Middle Or Junior School: Liberty Middle School

Lot Info

  • Zoning: PUD
  • Parcel Number: 2386-002-132
  • Additional Parcels: No
  • Fencing: Vinyl
  • Lot Dimensions: 60x120
  • Flood Zone Code: X

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 1-2 Years
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Check deed restrictions for additional lease information.

Tax Info

  • Tax Annual Amount: 3749.96
  • Tax Block: 132
  • Tax Book Number: 009-119
  • Tax Lot: 132

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2022
Closed on
Mar 14, 2022
Sold by
Torres Michael A and Torres Amanda R
Bought by
Cortes Juan Manuel
Seller's Agent
Kelly Robinson
NEXT GENERATION REALTY OF MARION COUNTY LLC
Buyer's Agent
Tracy McEachern
MAGNOLIA HOMES AND LAND LLC
List Price
$349,500
Sold Price
$368,000
Premium/Discount to List
$18,500
5.29%
Current Estimated Value
$339,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,219
Avg. Annual Appreciation
-2.07%
Original Mortgage
$337,560
Outstanding Balance
$317,970
Interest Rate
3.85%
Mortgage Type
Balloon
Estimated Equity
$24,864

Purchase Details

Closed on
Nov 1, 2007
Sold by
Pulte Home Corp
Bought by
Torres Michael A and Torres Amanda R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,608
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Cortes Juan Manuel $368,000 Marion Lake Sumter Title
Torres Michael A $194,400 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cortes Juan Manuel $337,560
Previous Owner Torres Amanda R $178,100
Previous Owner Torres Michael A $184,608
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2022 03/18/22 Sold $368,000 +5.3% $187 / Sq Ft
02/24/2022 02/24/22 Pending -- -- --
02/21/2022 02/21/22 For Sale $349,500 -- $177 / 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 $4,719 $288,932 $32,000 $256,932
2022 $4,211 $211,936 $0 $0
2021 $3,750 $198,540 $22,000 $176,540
2020 $3,209 $175,154 $21,250 $153,904
2019 $3,216 $173,801 $21,250 $152,551
2018 $3,023 $165,973 $18,000 $147,973
2017 $1,719 $132,671 $0 $0
2016 $1,696 $129,942 $0 $0
2015 $1,709 $129,039 $0 $0
2014 $1,360 $116,427 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kelly Robinson

    Seller's Agent in 2022

    Kelly Robinson

    NEXT GENERATION REALTY OF MARION COUNTY LLC

    (352) 274-5052

    4 in this area

    95 Total Sales

    Section Image
  • Tracy McEachern

    Buyer's Agent in 2022

    Tracy McEachern

    MAGNOLIA HOMES AND LAND LLC

    (352) 345-5849

    3 in this area

    126 Total Sales

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Map

Source: Stellar MLS

MLS Number: OM633903

Stellar MLS

APN: 2386-002-132

Florida Marion County Ocala 34474 Southwest Ocala

5562 SW 40th St, Ocala, FL

This home is located at 5562 SW 40th St, Ocala, FL 34474 since 21 February 2022 and is currently estimated at $332,704, approximately $168 per square foot. This property was built in 2007. 5562 SW 40th St is a home located in Marion County with nearby schools including Saddlewood Elementary School, Liberty 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

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