5581 SW 197th Terrace Dunnellon, FL 34431
Estimated payment $1,815/month
Total Views
4,764
3
Beds
2
Baths
1,953
Sq Ft
$141
Price per Sq Ft
Highlights
- Open Floorplan
- Wood Flooring
- No HOA
- Private Lot
- Main Floor Primary Bedroom
- Den
About This Home
**Welcome Home!** This custom-built home needs some TLC, and has so much potential to grow. This home is perfect for Multi-Family living, such as a mother-in law suite or other family member living, the SPLIT LEVEL FLOORPLAN provides so many options. Featuring 3 bedrooms and 2 bathrooms, situated on a .95-ACRE LOT with 1,953 square feet of living space. The property includes a WORKSHOP/STORAGE area with POWER and WATER, as well as (2) CARPORTS that could be converted into a barn. Additionally, there are chicken pens on the lot. The house boasts a Beautiful Brick Exterior with sturdy COVERED DECK & STAIRS leading to the front door. The spacious Livingroom offers Views of the Front yard and features a BRICK WOOD-BURNING FIREPLACE. A SPIRAL STAIRCASE separates the living room from the dining room. The large Kitchen is equipped with plenty of cabinets and STAINLESS STEEL APPLIANCES. A COVERED SCREENED LANAI off the Kitchen provides a great space to relax while overlooking the expansive backyard, which is adorned with mature oak trees. Stairs lead from the Screened Lanai to a BBQ Patio area in the backyard. The Primary bedroom includes DOUBLE CLOSETS and spacious bathroom. The 2nd Bedroom, which is being used as a DEN/OFFICE, features a WASHER & DRYER that have been relocated to the bedroom closet for convenience. The washer and dryer can easily be moved back to the garage to restore the room to its original function as a second bedroom or use the garage as a 2nd hookup for a multi-living situation. Downstairs, you'll find a FAMILY ROOM with another BRICK WOOD-BURNING FIREPLACE with space for a kitchenette, plus a 3rd bedroom, and a Guest Bathroom. Updates; HVAC 4yrs, HOTWATER HEATER 6 yrs, WELL PUMP 6yrs, SEPTIC DRAINFIELD 7yrs., plus has a WHOLE HOUSE WATER FILTRATION SYSTEM. Experience the joys of country living with the convenience of nearby stores and shops, all while being just a short drive from the stunning Rainbow River. This property offers the perfect balance of privacy and community, with easy access to Dunnellon’s amenities, including shopping, dining, and recreational activities. Plus a 20 min drive to Ocala. Don’t miss out on this opportunity—schedule your showing today!
Listing Agent
RE/MAX FREEDOM Brokerage Phone: 352-559-0911 License #3451325 Listed on: 05/21/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,949
Year Built
- Built in 1981
Lot Details
- 0.95 Acre Lot
- West Facing Home
- Fenced
- Private Lot
- Property is zoned R1
Parking
- 2 Car Attached Garage
- 2 Carport Spaces
- Oversized Parking
- Side Facing Garage
- Driveway
- Guest Parking
- Off-Street Parking
Home Design
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
- Concrete Siding
- Block Exterior
- Stucco
Interior Spaces
- 1,953 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Ceiling Fan
- Wood Burning Fireplace
- Stone Fireplace
- Family Room with Fireplace
- Living Room with Fireplace
- Dining Room
- Den
Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Laminate
- Concrete
- Luxury Vinyl Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- 2 Full Bathrooms
Laundry
- Laundry closet
- Dryer
- Washer
Outdoor Features
- Enclosed Patio or Porch
- Separate Outdoor Workshop
- Outdoor Storage
- Rain Gutters
- Private Mailbox
Schools
- Romeo Elementary School
- Dunnellon Middle School
- Dunnellon High School
Farming
- Chicken Farm
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Thermostat
- 1 Water Well
- 1 Septic Tank
- Cable TV Available
Community Details
- No Home Owners Association
- Rainbow Acres 01 Subdivision
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 7 / 9
- Assessor Parcel Number 1751-009-007
Map
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Home Values in the Area
Average Home Value in this Area
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 | $3,949 | $209,846 | -- | -- |
| 2023 | $3,949 | $190,769 | $0 | $0 |
| 2022 | $3,315 | $173,426 | $0 | $0 |
| 2021 | $2,896 | $158,722 | $6,400 | $152,322 |
| 2020 | $2,672 | $143,327 | $6,300 | $137,027 |
| 2019 | $2,631 | $139,352 | $5,600 | $133,752 |
| 2018 | $1,340 | $103,512 | $0 | $0 |
| 2017 | $1,314 | $101,383 | $0 | $0 |
| 2016 | $1,279 | $99,298 | $0 | $0 |
| 2015 | $1,282 | $98,608 | $0 | $0 |
| 2014 | $1,206 | $97,825 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/25/2025 08/25/25 | Price Changed | $274,900 | -5.2% | $141 / Sq Ft |
| 07/01/2025 07/01/25 | Price Changed | $289,900 | -3.4% | $148 / Sq Ft |
| 05/21/2025 05/21/25 | For Sale | $300,000 | +63.9% | $154 / Sq Ft |
| 01/02/2018 01/02/18 | Sold | $183,000 | -8.5% | $94 / Sq Ft |
| 12/03/2017 12/03/17 | Pending | -- | -- | -- |
| 09/07/2017 09/07/17 | For Sale | $199,900 | -- | $102 / Sq Ft |
Source: Stellar MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $183,000 | First International Title In |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $9,116 | FHA | |
| Open | $15,465 | FHA | |
| Closed | $14,634 | FHA | |
| Open | $179,685 | FHA | |
| Previous Owner | $130,694 | Unknown | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $82,171 | Unknown | |
| Previous Owner | $72,525 | Unknown |
Source: Public Records
Similar Homes in Dunnellon, FL
Source: Stellar MLS
MLS Number: G5097369
APN: 1751-009-007
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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