NOT LISTED FOR SALE

7016 SW 131st Loop Ocala, FL 34473

Estimated Value: $249,499 - $293,000

3 Beds
2 Baths
1,599 Sq Ft
$167/Sq Ft Est. Value

Last Sold December 15, 2021

Last sale price $205,000 $128 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,617/month

4 Days on Market

Highlights

  • No HOA
  • Porcelain Tile
  • Ceiling Fan
  • 2 Car Attached Garage
  • Central Heating and Cooling System
  • South Facing Home

About This Home

As of December 2021

Lease is up owner wants to sell. A great buy near schools and shopping in the popular area near Hwy 200. If you're a landlord you might want to consider leaving the tenant. Or government loan buyers here is a great opportunity. The property just needs a little cosmetic TLC and is a real winner.

Last Agent to Sell the Property

Kim Davis

KIM DAVIS REALTY License #516953 Listed on: 10/21/2021

Last Buyer's Agent

Nicole Bennett

PROFESSIONAL REALTY OF OCALA License #3482302

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,506

Year Built

  • Built in 2007

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 85x125
  • South Facing Home
  • Land Lease expires 11/30/21
  • Property is zoned R1

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Shingle Roof
  • Concrete Siding

Interior Spaces

  • 1,599 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Flooring

  • Carpet
  • Porcelain Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Outdoor Features

  • Exterior Lighting

Schools

  • Marion Oaks Elementary School
  • Horizon Academy/Mar Oaks Middle School
  • West Port High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association
  • Marion Oaks Un 10 Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,506

Year Built

Built in 2007

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Concrete
  • Fireplace: No
  • Living Area: 1599
  • Lot Size Acres: 0.24
  • New Construction: No
  • Year Built: 2007
  • Lot Size Sq Ft: 10454
  • Status: Sold
  • Street Direction: SW
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM629177?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM629177?w=Customer
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1.025
  • Price per Sq Ft: 128.21
  • Close to Original List Price Ratio: 1.025
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Porcelain Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Split Bedroom
  • Appliances Included: Other
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 1
  • Room Count: 3

Exterior Features

  • Direction Faces: South
  • Exterior Features: Lighting
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt, Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: None

Garage/Parking

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

Utilities

  • Utilities: Electricity Available
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Septic Tank
  • 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: Marion Oaks Elementary School
  • High School: West Port High School
  • Middle Or Junior School: Horizon Academy/Mar Oaks

Lot Info

  • Zoning: R1
  • Parcel Number: 8010-0967-11
  • Additional Parcels: No
  • Lot Dimensions: 85x125
  • Flood Zone Code: X
  • Land Lease Expiration Date: 2021-11-30

Rental Info

  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No
  • Currency Monthly Rent Amt: 1100
  • Month To Month Or Weekly Y N: Yes

Tax Info

  • Tax Annual Amount: 2505.55
  • Tax Block: 967
  • Tax Book Number: O-194,MARION
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2021
Closed on
Dec 15, 2021
Sold by
Absolute Holding Llc
Bought by
Gray David M
Seller's Agent
Kim Davis
KIM DAVIS REALTY
Buyer's Agent
Nicole Bennett
PROFESSIONAL REALTY OF OCALA
List Price
$200,000
Sold Price
$205,000
Premium/Discount to List
$5,000
2.5%
Current Estimated Value
$266,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,875
Avg. Annual Appreciation
6.66%
Original Mortgage
$210,606
Outstanding Balance
$192,449
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$74,426

Purchase Details

Closed on
Jul 17, 2007
Sold by
Strom Olaf and Strom Marianne
Bought by
Absolute Holding Llc

Purchase Details

Closed on
Jun 16, 2006
Sold by
Strom Olaf and Strom Marianne
Bought by
Absolute Holding Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
7%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 28, 2005
Sold by
The Deltona Corp
Bought by
Banks Kwabla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,380
Interest Rate
9.4%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Gray David M $205,000 First American Title Ins Co
Absolute Holding Llc -- Executive Title Ins Svcs Inc
Strom Olaf -- Executive Title Ins Svcs Inc
Absolute Holding Llc -- None Available
Strom Olaf $48,000 Executive Title Ins Svcs Inc
Banks Kwabla $22,800 Five Points Title Services C
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gray David M $210,606
Previous Owner Strom Olaf $213,750
Previous Owner Banks Kwabla $19,380
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2021 12/15/21 Sold $205,000 +2.5% $128 / Sq Ft
10/25/2021 10/25/21 Pending -- -- --
10/21/2021 10/21/21 For Sale $200,000 0.0% $125 / Sq Ft
09/25/2020 09/25/20 Rented $1,100 -15.1% --
09/08/2020 09/08/20 Under Contract -- -- --
08/18/2020 08/18/20 Price Changed $1,295 -4.1% $1 / Sq Ft
08/05/2020 08/05/20 For Rent $1,350 -- --
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
2025 $2,834 $176,050 -- --
2024 $2,582 $171,088 -- --
2023 $2,517 $166,105 $0 $0
2022 $2,422 $161,267 $0 $0
2021 $2,593 $126,874 $10,630 $116,244
2020 $2,506 $120,970 $8,400 $112,570
2019 $2,402 $118,984 $8,100 $110,884
2018 $2,189 $113,449 $6,700 $106,749
2017 $2,000 $98,899 $4,300 $94,599
2016 $1,829 $82,974 $0 $0
2015 $1,723 $75,431 $0 $0
2014 $1,507 $68,574 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kim Davis

    KIM DAVIS REALTY

    (352) 262-7322

    2 in this area

    88 Total Sales

    Kim Davis
    Section Image
  • Nicole Bennett

    Buyer's Agent in 2021

    Nicole Bennett

    PROFESSIONAL REALTY OF OCALA

    (352) 470-4121

    1 in this area

    48 Total Sales

    Nicole Bennett
    Section Image

  • J

    Seller's Agent in 2020

    Jen Steed

    KIEFER REALTY, PA

    (352) 492-2000

    15 in this area

    43 Total Sales

    Jen Steed
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: OM629177

Stellar MLS

APN: 8010-0967-11

Florida Marion County Ocala 34473

7016 SW 131st Loop, Ocala, FL

Not Listed for Sale

Detached

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