NOT LISTED FOR SALE

7875 Midway Drive Terrace Unit D201 Ocala, FL 34472

Silver Spring Shores Neighborhood

Estimated Value: $112,400 - $127,000

2 Beds
2 Baths
840 Sq Ft
436 Sq Ft Lot

Sale Details

Date Sold: May 11, 2021

Last sale price $74,000 $88 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $1,071 / mo

7 Days on Market

Highlights

  • Lake Front
  • Active Adult
  • Furnished
  • Golf Course Community
  • Attic
  • Enclosed Patio or Porch

About This Home

As of May 2021

Wonderful views in the upstairs 2/2 Condo in Derby Downs. New roof and A/C only 2 years ago. Well maintained unit offering lots of extras and large enclosed lanai with heavy duty plexiglass type windows. The views are truly gorgeous. This is a unit you will want to see first. All appliances are included as well as all the furnishings. Central Vacuum, pull down attic access offering storage as well as a pantry in the kitchen are all bonus features here! Appliances are included!

Last Agent to Sell the Property

Suzette Weddington

SELLSTATE NEXT GENERATION REALTY License #0380519 Listed on: 04/06/2021

SELLSTATE NEXT GENERATION REALTY

Last Buyer's Agent

Jenna Werner

OLYMPUS EXECUTIVE REALTY INC License #3444958

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,139

Year Built

  • Built in 1987

Lot Details

  • Lake Front
  • West Facing Home
  • Landscaped with Trees

HOA Fees

  • $226 Monthly HOA Fees

Property Views

  • Water
  • Golf Course

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Siding

Interior Spaces

  • 840 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room
  • Utility Room
  • Attic

Kitchen

  • Range
  • Microwave

Flooring

  • Carpet
  • Linoleum
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • Common or Shared Parking
  • Ground Level Parking
  • Guest Parking
  • Reserved Parking
  • Assigned Parking

Utilities

  • Central Air
  • Heating Available
  • Cable TV Available

Additional Features

  • Whole House Vacuum System
  • Enclosed Patio or Porch

Listing and Financial Details

  • Legal Lot and Block D-201 / D201
  • Assessor Parcel Number 90490-04-201

Community Details

Overview

  • Active Adult
  • Association fees include insurance, maintenance exterior, ground maintenance, manager, pest control, recreational facilities, trash
  • Vine Management Of Ocala / Rebecca Association, Phone Number (352) 812-8086
  • Derby Downs Subdivision
  • Association Approval Required
  • The community has rules related to building or community restrictions, deed restrictions, allowable golf cart usage in the community

Recreation

  • Golf Course Community

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,139

Year Built

Built in 1987

Lot Details

436 Sq Ft Lot

HOA Fees

$226 per month

Listing Details

  • HOA Fee Includes: Insurance, Maintenance Exterior, Maintenance Grounds, Manager, Pest Control, Recreational Facilities, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Water View: Yes
  • Construction Materials: Metal Siding, Wood Frame
  • Living Area: 840.00
  • Lot Size Acres: 0.01
  • Year Built: 1987
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM618037?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM618037?w=Customer
  • Down Payment Resource Assistance: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM618037?w=PubMLS
  • Escrow City: Ocala
  • Escrow Postal Code: 34471
  • Escrow State: FL
  • Escrow Street Name: SE 18th St #102
  • Escrow Street Number: 1630
  • List Office Head Office Key Nume: 1044946
  • Status: Sold
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Room Count: 3
  • Living Area Units: Square Feet
  • Additional Rooms: Attic, Inside Utility
  • Flooring: Carpet, Ceramic Tile, Linoleum
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Window Treatments
  • Appliances Included: Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Floor Number: 2
  • Levels: One
  • Stories: 2
  • Window Features: Blinds, Window Treatments
  • Living Area Meters: 78.04

Exterior Features

  • Direction Faces: West
  • Waterfront Feet Lake: 1
  • Water Access: Lake
  • Exterior Features: Sidewalk, Sliding Doors
  • Roof: Shingle
  • Water View: Lake
  • Flood Zone Code: A
  • Water Access: Yes
  • View: Golf Course, Water
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Enclosed
  • Road Surface Type: Paved

Garage/Parking

  • Parking Features: Assigned, Common, Ground Level, Guest, Reserved

Utilities

  • Utilities: Cable Available, Electricity Available
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Golf Carts OK, Golf, Sidewalk, Special Community Restrictions, Waterfront
  • Pet Restrictions: Must be on leash and must pick up after pet
  • Building Name Number: D-201
  • Monthly HOA Fees: 226.00
  • Pet Size: Small (16-35 Lbs.)
  • Association Amenities: Golf Course
  • Association Approval Required: Yes
  • Association Fee: 226.00
  • Association Fee Frequency: Monthly
  • Association Fee Requirement: Required
  • Association Name: Vine Management of Ocala / Rebecca
  • Phone: 352-812-8086
  • Association: Yes
  • Senior Community: Yes
  • Association Email: info@vinemanagementofocala.com

Fee Information

  • Waterfront Frontage: 1
  • Total Annual Fees: 2712.00
  • Total Monthly Fees: 226.00

Lot Info

  • Total Acreage: 0 to less than 1/4
  • Zoning: R3
  • Parcel Number: 90490-04-201

Green Features

  • Green Indoor Air Qlty: Whole House Vacuum System

Rental Info

  • Minimum Lease: No Minimum
  • Additional Lease Restrictions: At least one tenant must be 55+ and all must abide by rules of association including pets
  • Furnished: Furnished
  • Lease Restrictions: Yes
  • Pets Allowed: Number Limit, Size Limit

Multi Family

  • Approval Process: Application to association. Fees involved.
  • Waterfront Features: Lake

Tax Info

  • Tax Annual Amount: 1139.47
  • Tax Block: D201
  • Tax Book Number: J-451,DERBY
  • Tax Lot: D-201

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2022
Sold by
Bought by
Current Estimated Value
$119,850

Purchase Details

Listed on
Apr 6, 2021
Closed on
May 11, 2021
Sold by
Bought by
Seller's Agent
Suzette Weddington
SELLSTATE NEXT GENERATION REALTY
Buyer's Agent
Jenna Werner
OLYMPUS EXECUTIVE REALTY INC
List Price
$76,000
Sold Price
$74,000
Premium/Discount to List
-$2,000
-2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.90%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$109,000 Equitable Title
$74,000 Marion Lake Sumter Title Llc
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/11/2021 05/11/21 Sold $74,000 -2.6% $88 / Sq Ft
04/13/2021 04/13/21 Pending -- -- --
04/06/2021 04/06/21 For Sale $76,000 -- $90 / Sq Ft
Source: Stellar MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,406 $93,886 -- --
2024 $2,108 $85,351 -- --
2023 $1,866 $77,592 $0 $0
2022 $1,645 $70,538 $40,000 $30,538
2021 $1,230 $57,835 $30,000 $27,835
2020 $1,139 $50,581 $25,000 $25,581
2019 $1,043 $41,795 $2,426 $39,369
2018 $953 $38,033 $2,426 $35,607
2017 $885 $32,916 $2,424 $30,492
2016 $837 $25,563 $0 $0
2015 $796 $23,239 $0 $0
2014 $680 $21,126 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: OM618037

Stellar MLS

APN: 90490-04-201

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