NOT LISTED FOR SALE

5656 SW 88th Place Ocala, FL 34476

Estimated Value: $355,557 - $396,000

3 Beds
3 Baths
2,001 Sq Ft
$187/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $375,000 $187 Per Sq Ft

Current estimated payment $2,381/month

48 Days on Market

Highlights

  • Solar Heated In Ground Pool
  • Open Floorplan
  • Main Floor Primary Bedroom
  • West Port High School Rated A-
  • Vaulted Ceiling
  • 2 Car Attached Garage

About This Home

As of June 2023

Beautiful, well-maintained pool home in the desirable community of Majestic Oaks. This home has a new 2022 roof, 2022 HVAC, and floors throughout the home. Upon entering the home, you are greeted with a vaulted ceiling living room with a view of the pool. The Master bedroom has an en-suite bathroom with a large walk-in closet! Just off the living room is an area that can be used as a large office with a view of the large pool/covered lanai. The backyard has a privacy fence, irrigation system, and roof-installed solar panels to heat pool but not currently connected. This community is located close to shopping/dining amenities and is next to a working thoroughbred horse farm. USDA 100% financing is available. Ask for details!

Last Agent to Sell the Property

Craig Lilly

LPT REALTY, LLC License #3551323 Listed on: 03/13/2023

LPT REALTY, LLC

Co-Listed By

Richard Gailey

GAILEY ENTERPRISES REAL ESTATE License #3397595

Last Buyer's Agent

Bill and Laurie Cammarn

OAKSTRAND REALTY License #3032808

OAKSTRAND REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,253

Year Built

  • Built in 2003

Lot Details

  • 0.27 Acre Lot
  • Northwest Facing Home
  • Irrigation
  • Property is zoned R1

HOA Fees

  • $11 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,001 Sq Ft Home
  • Open Floorplan
  • Vaulted Ceiling
  • Sliding Doors
  • Combination Dining and Living Room

Kitchen

  • Range
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Solar Heated In Ground Pool
  • Gunite Pool

Outdoor Features

  • Exterior Lighting
  • Private Mailbox

Schools

  • Hammett Bowen Jr. Elementary School
  • Liberty Middle School
  • West Port High School

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Septic Tank
  • Cable TV Available

Community Details

  • Marion Oaks Homeowners Association Of Ocala, Inc Association, Phone Number (267) 566-6260
  • Visit Association Website
  • Majestic Oaks Fourth Add Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,253

Year Built

Built in 2003

Lot Details

0

HOA Fees

$11 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Concrete, Stucco
  • Fireplace: No
  • Living Area: 2001
  • Lot Size Acres: 0.27
  • New Construction: No
  • Year Built: 2003
  • Building Area Total: 4525
  • Lot Size Sq Ft: 11761
  • Directions to Property: From SR 200 to SW 60th. Turn L into the first Majestic Oaks entrance, take first right, then 3rd left onto SW 88th Place. House is on the right.
  • Status: Sold
  • Street Direction: SW
  • Co List Office Mls Id: MFR270531437
  • Co List Office Phone: 770-733-2596
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 212656239
  • Minimum Lease: 1-2 Years
  • RATIO Current Price By Calculate: 187.41
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 0
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Laminate, Tile
  • Full Bathrooms: 3
  • Interior Amenities: Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Thermostat, Vaulted Ceiling(s)
  • Appliances Included: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Street Number Modifier: 5656
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 185.90
  • Room Count: 4

Exterior Features

  • Direction Faces: Northwest
  • Pool Features: Gunite, In Ground, Solar Heat
  • Exterior Features: Irrigation System, Lighting, Private Mailbox, Sliding Doors
  • Roof: Shingle
  • Pool Private: Yes
  • Waterfront: No
  • Road Surface Type: Paved
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2017-04-19
  • Flood Zone Panel: 12083C0702E

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Septic Tank
  • Water Source: Private

Condo/Co-op/Association

  • Association Fee: 132
  • Association Fee Frequency: Annually
  • Association Name: Marion Oaks Homeowners Association of Ocala, Inc
  • Phone: 267-566-6260
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Association Fee Requirement: Required
  • Association Email: Admin@majesticoakshoa.com
  • Association URL: http://www.websitea.com/majestic/

Fee Information

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

Schools

  • Elementary School: Hammett Bowen Jr. Elementary
  • High School: West Port High School
  • Middle Or Junior School: Liberty Middle School

Lot Info

  • Zoning: R1
  • Parcel Number: 35621-421-15
  • Additional Parcels: No
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 1093

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: All rentals and leases must be approved by the HOA

Tax Info

  • Tax Annual Amount: 4253
  • Tax Block: 21
  • Tax Book Number: 003-077
  • Tax Lot: 15

Multi Family

  • Approval Process: All rentals and leases must be approved by the HOA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2016
Closed on
Sep 9, 2016
Sold by
Rath Thomas G and Rath Jeanne M
Bought by
Lily Suzanne Marie
Seller's Agent
Pam McElroy
WEICHERT REALTORS HALLMARK PRO
Buyer's Agent
Scott Coldwell
COLDWELL REALTY SOLD GUARANTEE
List Price
$189,000
Sold Price
$170,500
Premium/Discount to List
-$18,500
-9.79%
Current Estimated Value
$373,389

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,889
Avg. Annual Appreciation
9.03%
Original Mortgage
$136,400
Interest Rate
3.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2003
Sold by
Triple Crown Homes Inc
Bought by
Rath Thomas G and Rath Jeanne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,100
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 6, 2003
Sold by
Powell Mary M
Bought by
Triple Crown Homes Inc

Purchase Details

Closed on
Oct 21, 2002
Sold by
Triple Crown Homes Inc
Bought by
Powell Mary M

Purchase Details

Closed on
Jun 27, 2002
Sold by
Banyan Construction & Development Inc
Bought by
Triple Crown Homes Inc
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
Lily Suzanne Marie $170,500 Principal Title Services Llc
Rath Thomas G $139,000 Multiple
Triple Crown Homes Inc -- --
Powell Mary M $24,900 Multiple
Triple Crown Homes Inc $960,000 Security First Title Partner
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lily Suzanne Marie $136,400
Previous Owner Rath Thomas G $125,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/23/2023 06/23/23 Sold $375,000 -3.8% $187 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
04/24/2023 04/24/23 For Sale $389,900 0.0% $195 / Sq Ft
04/15/2023 04/15/23 Pending -- -- --
04/05/2023 04/05/23 For Sale $389,900 0.0% $195 / Sq Ft
04/03/2023 04/03/23 Pending -- -- --
03/13/2023 03/13/23 For Sale $389,900 +128.7% $195 / Sq Ft
09/09/2016 09/09/16 Sold $170,500 -9.8% $85 / Sq Ft View Prior Sale
06/21/2016 06/21/16 Pending -- -- --
03/31/2016 03/31/16 For Sale $189,000 -- $94 / 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 $4,678 $319,768 -- --
2023 $5,273 $315,374 $26,800 $288,574
2022 $4,253 $289,287 $26,800 $262,487
2021 $3,944 $239,078 $23,330 $215,748
2020 $3,455 $190,943 $21,000 $169,943
2019 $3,452 $188,746 $21,000 $167,746
2018 $3,425 $195,218 $17,000 $178,218
2017 $3,144 $176,783 $17,000 $159,783
2016 $3,066 $170,855 $0 $0
2015 $2,212 $154,666 $0 $0
2014 $2,081 $153,438 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: OM654659

Stellar MLS

APN: 35621-421-15