NOT LISTED FOR SALE

615 Water Rd Ocala, FL 34472

Silver Spring Shores Neighborhood

Estimated Value: $289,748 - $396,000

6 Beds
4 Baths
2,996 Sq Ft
$116/Sq Ft Est. Value

Last Sold November 15, 2021

Last sale price $294,000 $98 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,278/month

4 Days on Market

Highlights

  • Solid Surface Countertops
  • 2 Car Attached Garage
  • Ceramic Tile Flooring
  • No HOA
  • Eat-In Kitchen
  • Sliding Doors

About This Home

As of November 2021

GREAT INVESTMENT. Well maintained duplex with both sides rented below market. Both sides are 3 bedroom and 2 bath. 615 Water Rd on month to month. 617 Water Rd expires Jan 1. AC units replaced 2015. Roof replaced 2020. Buy today and cash flow tomorrow. Take both units to market rent of $1,200 and increase gross income by $400/month.

Last Agent to Sell the Property

Carl Mullin

SAND DOLLAR REALTY GROUP INC License #3432866 Listed on: 10/01/2021

Last Buyer's Agent

Paola Alarcon Rubio

NEXTHOME VISION REALTY License #3387850

NEXTHOME VISION REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,903

Year Built

  • Built in 1982

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 132x165

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,996 Sq Ft Home
  • Ceiling Fan
  • Sliding Doors
  • Laundry in Garage

Kitchen

  • Eat-In Kitchen
  • Range
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Carpet
  • Ceramic Tile

Schools

  • Greenway Elementary School
  • Lake Weir Middle School
  • Lake Weir High School

Utilities

  • Central Air
  • Heat Pump System
  • Thermostat
  • Underground Utilities
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Down Payment Assistance Available
  • Visit Down Payment Resource Website
  • Tenant pays for electricity, sewer, water
  • Legal Lot and Block 9 / 198
  • Assessor Parcel Number 9067-0198-09

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Silver Spgs Shores Un 67 Subdivision

Pet Policy

  • No Pets Allowed

Building Details

  • Gross Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,903

Year Built

Built in 1982

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 2996
  • Lot Size Acres: 0.5
  • New Construction: No
  • Year Built: 1982
  • Lot Size Sq Ft: 21780
  • Tenant Pays: Electricity, Sewer, Water
  • Directions to Property: From Maricamp Rd and Baseline Rd head south east on Maricamp Rd. Turn left at the light where the Sheriffs Annex is- that is Water Rd. Duplex is on the right 2 blocks down.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM628039?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM628039?w=Customer
  • Unit Count: 1
  • Homestead Y N: No
  • Total Acreage: 1/2 to less than 1
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1.03158
  • Price per Sq Ft: 98.13
  • Close to Original List Price Ratio: 1.03158
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, Solid Surface Counters, Thermostat
  • Appliances Included: Dishwasher, Electric Water Heater, Range, Refrigerator
  • Foundation Details: Slab
  • Levels: One
  • Street Number Modifier: 615
  • Number Of Buildings: 1

Exterior Features

  • Exterior Features: Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: Seller Property Disclosure

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 Connected, Electricity Connected, Public, Underground Utilities, Water - Multiple Meters
  • Cooling: Central Air
  • Heating: Heat Pump
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Schools

  • Elementary School: Greenway Elementary School
  • High School: Lake Weir High School
  • Middle Or Junior School: Lake Weir Middle School

Lot Info

  • Zoning: R3
  • Parcel Number: 9067-0198-09
  • Additional Parcels: No
  • Lot Dimensions: 132x165
  • Flood Zone Code: X

Rental Info

  • Pets Allowed: No
  • Total Actual Rent: 2000
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Multi Family

  • Gross Income: 24000
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2902.95
  • Tax Block: 198
  • Tax Book Number: J-458,SILVER
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2021
Closed on
Nov 15, 2021
Sold by
Pink Stewart Yvonne and The Hyacinth Rashford Living T
Bought by
Florida Merit Homes Llc
Seller's Agent
Carl Mullin
SAND DOLLAR REALTY GROUP INC
Buyer's Agent
Paola Alarcon Rubio
NEXTHOME VISION REALTY
List Price
$285,000
Sold Price
$294,000
Premium/Discount to List
$9,000
3.16%
Current Estimated Value
$348,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,437
Avg. Annual Appreciation
6.48%
Original Mortgage
$205,800
Outstanding Balance
$57,980
Interest Rate
3.05%
Mortgage Type
Credit Line Revolving
Estimated Equity
$314,478

Purchase Details

Closed on
Jun 27, 2012
Sold by
Pink Stewart Yvonne
Bought by
Pink Stewart Yvonne

Purchase Details

Closed on
Sep 27, 2001
Sold by
Abrams Edna
Bought by
Rashford Hyacinth G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.89%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Florida Merit Homes Llc $294,000 Advantage Title Llc
Florida Merit Homes Llc $294,000 Advantage Title Llc
Pink Stewart Yvonne -- Attorney
Rashford Hyacinth G $85,000 Safetitle Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Florida Merit Homes Llc $205,800
Closed Florida Merit Homes Llc $205,800
Previous Owner Rashford Hyacinth G $65,000
Previous Owner Rashford Hyacinth G $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2021 11/15/21 Sold $294,000 +3.2% $98 / Sq Ft
10/05/2021 10/05/21 Pending -- -- --
10/01/2021 10/01/21 For Sale $285,000 -- $95 / 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 $4,550 $175,874 $0 $0
2022 $3,648 $159,885 $20,000 $139,885
2021 $3,079 $134,385 $9,000 $125,385
2020 $2,903 $126,480 $8,000 $118,480
2019 $2,635 $103,530 $4,000 $99,530
2018 $2,400 $96,135 $4,000 $92,135
2017 $2,210 $82,875 $4,000 $78,875
2016 $2,122 $79,560 $0 $0
2015 $2,001 $72,930 $0 $0
2014 $1,939 $72,930 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carl Mullin

    Seller's Agent in 2021

    Carl Mullin

    SAND DOLLAR REALTY GROUP INC

    2 in this area

    7 Total Sales

    Carl Mullin
    Section Image
  • Paola Alarcon Rubio

    Buyer's Agent in 2021

    Paola Alarcon Rubio

    NEXTHOME VISION REALTY

    (352) 362-9472

    14 in this area

    120 Total Sales

    Paola Alarcon Rubio
    Section Image
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Map

Source: Stellar MLS

MLS Number: OM628039

Stellar MLS

APN: 9067-0198-09

Florida Marion County Ocala 34472 Silver Spring Shores

615 Water Rd, Ocala, FL

This home is located at 615 Water Rd, Ocala, FL 34472 since 01 October 2021 and is currently estimated at $348,437, approximately $116 per square foot. This property was built in 1982. 615 Water Rd is a home located in Marion County with nearby schools including Greenway Elementary School, Lake Weir Middle School, and Lake Weir 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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