NOT LISTED FOR SALE

7241 NW 5th Ln Ocala, FL 34482

Fellowship Neighborhood

Estimated Value: $168,765 - $259,000

2 Beds
1 Bath
960 Sq Ft
$202/Sq Ft Est. Value

Last Sold February 20, 2023

Last sale price $155,000 $161 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,214/month

1 Day on Market

Highlights

  • 0.54 Acre Lot
  • No HOA
  • Outdoor Storage
  • West Port High School Rated A-
  • Cooling Available
  • Combination Dining and Living Room

About This Home

As of February 2023

Investors! In the middle of HORSE COUNTRY! Renovate this 2 bedroom 1 bath home on over a half acre. Literally 4 minuets drive to World Equestrian Center. Highest and best use is weekly or monthly short-term rental to WEC visitors or week-to-week Air BNB! Stables may be rented on the same street. Detached garage, large storage shed, yard is mostly fenced, two concrete driveways. No Home owners association. Only 15 minuets to the Rainbow River for fishing and Kayaking. CASH ONLY 90 minuets to Disney world or the Gulf of Mexico.

Last Agent to Sell the Property

Leigh Ann Venable

HOMERUN REALTY License #3411175 Listed on: 02/01/2023

HOMERUN REALTY

Last Buyer's Agent

Alyssa Pascucci

GOLDEN OCALA REAL ESTATE INC License #3401250

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,824

Year Built

  • Built in 1986

Lot Details

  • 0.54 Acre Lot
  • South Facing Home
  • Chain Link Fence
  • Property is zoned R4

Parking

  • 2 Car Garage

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 960 Sq Ft Home
  • Combination Dining and Living Room
  • Linoleum Flooring
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Outdoor Storage

Schools

  • College Park Elementary School
  • Howard Middle School
  • West Port High School

Utilities

  • Cooling Available
  • Heating Available
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,824

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Vinyl Siding
  • Fireplace: No
  • Living Area: 960
  • Lot Size Acres: 0.54
  • New Construction: No
  • Year Built: 1986
  • Building Area Total: 1440
  • Lot Size Sq Ft: 23522
  • Directions to Property: St. Rd. 40 to NW 73rd Ter. Right on NW 5th Ln. House on the left.
  • Status: Sold
  • Street Direction: NW
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM652489?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM652489?w=Customer
  • Homestead Y N: No
  • Total Acreage: 1/2 to less than 1
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.97484
  • Price per Sq Ft: 161.46
  • Close to Original List Price Ratio: 0.97484
  • Ratio: Current Price\Building Area Total: 107.64
  • View: No
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2022
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Linoleum, Other
  • Full Bathrooms: 1
  • Interior Amenities: Living Room/Dining Room Combo
  • Appliances Included: Electric Water Heater
  • Foundation Details: Crawlspace
  • Total Bedrooms: 2
  • Levels: One
  • Street Number Modifier: 7241
  • Room Count: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: South
  • Exterior Features: Storage
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12083C0503E

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected
  • Cooling: Other
  • Heating: Other
  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Schools

  • Elementary School: College Park Elementary School
  • High School: West Port High School
  • Middle Or Junior School: Howard Middle School

Lot Info

  • Zoning: R4
  • Parcel Number: 23204-004-01
  • Additional Parcels: No
  • Fencing: Chain Link
  • Flood Zone Code: X
  • Flood Zone Date: 2017-04-19
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 1824
  • Tax Block: UNR
  • Tax Book Number: UNR
  • Tax Lot: UNR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 25, 2023
Sold by
Merrill Catherine J and Ulloa John R
Bought by
Cajo Properties Llc
Current Estimated Value
$193,941

Purchase Details

Listed on
Feb 1, 2023
Closed on
Feb 21, 2023
Sold by
Khan Qaisar A and Khan Arifa
Bought by
Merrill Catherine J and Ulloa John R
Seller's Agent
Leigh Ann Venable
HOMERUN REALTY
Buyer's Agent
Alyssa Pascucci
GOLDEN OCALA REAL ESTATE INC
List Price
$159,000
Sold Price
$155,000
Premium/Discount to List
-$4,000
-2.52%
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.72%
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
Cajo Properties Llc $100 None Listed On Document
Merrill Catherine J $155,000 --
Merrill Catherine J $155,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/20/2023 02/20/23 Sold $155,000 -2.5% $161 / Sq Ft
02/03/2023 02/03/23 Pending -- -- --
02/01/2023 02/01/23 For Sale $159,000 -- $166 / 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 $2,360 $131,146 $9,180 $121,966
2023 $1,948 $99,009 $0 $0
2022 $1,824 $90,008 $0 $0
2021 $1,652 $81,825 $8,100 $73,725
2020 $1,545 $74,705 $8,100 $66,605
2019 $1,464 $69,089 $3,780 $65,309
2018 $1,387 $67,541 $4,050 $63,491
2017 $1,359 $65,637 $4,050 $61,587
2016 $1,320 $63,655 $0 $0
2015 $1,277 $60,297 $0 $0
2014 $1,211 $59,675 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Leigh Ann Venable

    Seller's Agent in 2023

    Leigh Ann Venable

    HOMERUN REALTY

    (757) 748-8487

    11 in this area

    23 Total Sales

    Leigh Ann Venable
    Section Image
  • Alyssa Pascucci

    Buyer's Agent in 2023

    Alyssa Pascucci

    GOLDEN OCALA REAL ESTATE INC

    (310) 926-8527

    38 in this area

    80 Total Sales

    Alyssa Pascucci
    Section Image
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Map

Source: Stellar MLS

MLS Number: OM652489

Stellar MLS

APN: 23204-004-01

Florida Marion County Ocala 34482 Fellowship

7241 NW 5th Ln, Ocala, FL

This home is located at 7241 NW 5th Ln, Ocala, FL 34482 since 01 February 2023 and is currently estimated at $193,941, approximately $202 per square foot. This property was built in 1986. 7241 NW 5th Ln is a home located in Marion County with nearby schools including College Park Elementary School, Howard 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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