NOT LISTED FOR SALE

7944 Midway Drive Terrace Unit Q101 Ocala, FL 34472

Silver Spring Shores Neighborhood

Estimated Value: $126,000 - $136,000

2 Beds
2 Baths
840 Sq Ft
$197/mo HOA Fee

Last Sold January 29, 2020

Last sale price $64,000 $76 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $983/month

8 Days on Market

Highlights

  • Senior Community
  • Community Pool
  • Central Air
  • Furnished
  • Enclosed Patio or Porch
  • Carpet

About This Home

As of January 2020

Rare ground floor 2/2 condo fully furnished and move in ready! You won't believe how gorgeous this community is with mature oaks and a beautiful lake! Centrally located in a quiet area with golf course views from the vinyl enclosed patio. Super clean with neutral decor ready to make it your own! New roof, updated refrigerator and washer/dryer and even a dishwasher and built-in microwave. Close parking and extra guest spots nearby. No step at the front door makes it easy to enter on a scooter or with a cart. Low HOA's and the lucky owner will have access to the pool and all amenities at the nearby Silver Springs Community Center. Come fall in love with Derby Downs!

Last Agent to Sell the Property

Virginia Stracuzzi

SELLSTATE NEXT GENERATION REAL License #3304771 Listed on: 01/02/2020

SELLSTATE NEXT GENERATION REAL

Last Buyer's Agent

Kelly LaFave

EXP REALTY LLC License #3388578

EXP REALTY LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,143

Year Built

  • Built in 1987

Lot Details

  • Street terminates at a dead end
  • Cleared Lot

HOA Fees

  • $197 Monthly HOA Fees

Home Design

  • Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 840 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Window Treatments

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Property Available on 1/1/20
  • Assessor Parcel Number 90490-17-101

Community Details

Overview

  • Senior Community
  • Association fees include maintenance structure, ground maintenance
  • Derby Downs Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,143

Year Built

Built in 1987

Lot Details

0

HOA Fees

$197 per month

Listing Details

  • HOA Fee Includes: Maintenance Structure, Maintenance Grounds
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Frame, Stucco
  • Fireplace: No
  • Living Area: 840
  • Lot Size Acres: 0.01
  • New Construction: No
  • Year Built: 1987
  • Building Area Total: 993
  • Lot Size Sq Ft: 475
  • Directions to Property: SE Maricamp Rd., turn left on Midway Rd, turn right on Midway Dr., follow to the circle at the end to the entrance to Derby Downs. Orange and white building on the left. Park in Q101 or a guest spot.
  • Status: Sold
  • List Office Head Office Key Nume: 1044946
  • RATIO Current Price By Calculate: 76.19
  • Total Acreage: Up to 10,889 Sq. Ft.
  • Unit Number YN: 1
  • Water Access YN: 0
  • Last Date Available: 2020-12-30T00:00:00.000
  • Tax Year: 2018
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Vinyl
  • Full Bathrooms: 2
  • Interior Amenities: Window Treatments
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 2
  • Street Number Modifier: 7944
  • Room Count: 2

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Patio and Porch Features: Enclosed
  • Water Extras YN: 0
  • Water View YN: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool
  • Association Fee: 196.75
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Senior Community: Yes
  • Association Fee Requirement: Required

Fee Information

  • Monthly HOA Amount: 196.75

Lot Info

  • Zoning: R-3 Mulitple Family Dwell
  • Parcel Number: 90490-17-101
  • Additional Parcels: No
  • Lot Features: Cleared, Street Dead-End, Paved
  • Homestead YN: 0

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Furnished
  • Available Date: 2020-01-01
  • Long Term YN: 0

Tax Info

  • Tax Annual Amount: 1143.11
  • Tax Book Number: J-451

Multi Family

  • Unit Count: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2020
Closed on
Jan 29, 2020
Sold by
Reed James E and Reed Catherin E
Bought by
Carey Jeanne A
Seller's Agent
Virginia Stracuzzi
SELLSTATE NEXT GENERATION REAL
Buyer's Agent
Kelly LaFave
EXP REALTY LLC
List Price
$69,900
Sold Price
$64,000
Premium/Discount to List
-$5,900
-8.44%
Current Estimated Value
$131,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,100
Avg. Annual Appreciation
13.64%
Original Mortgage
$52,000
Interest Rate
3.7%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 21, 2017
Sold by
Reed Laura R and Reed James E
Bought by
Reed James E and Reed Catherine E

Purchase Details

Closed on
Aug 1, 2017
Bought by
Reed Laura R

Purchase Details

Closed on
Apr 28, 2005
Sold by
Reed Laura R
Bought by
Reed Laura R and Reed James E
Source: Public Records

Range of Values:

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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
Carey Jeanne A $64,000 Marion Lake Sumter Title Llc
Reed James E -- Attorney
Reed Laura R $100 --
Reed Laura R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carey Jeanne A $55,805
Closed Carey Jeanne A $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2020 05/09/20 Off Market $64,000 -- --
01/29/2020 01/29/20 Sold $64,000 -8.4% $76 / Sq Ft
01/07/2020 01/07/20 Pending -- -- --
12/30/2019 12/30/19 For Sale $69,900 -- $83 / 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 $872 $63,315 -- --
2023 $864 $61,471 $0 $0
2022 $851 $59,681 $0 $0
2021 $857 $57,943 $30,000 $27,943
2020 $1,249 $50,683 $25,000 $25,683
2019 $1,143 $41,962 $2,426 $39,536
2018 $1,039 $38,201 $2,426 $35,775
2017 $312 $20,853 $0 $0
2016 $290 $20,424 $0 $0
2015 $284 $20,282 $0 $0
2014 $284 $20,121 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2020

    Virginia Stracuzzi

    SELLSTATE NEXT GENERATION REAL

    (352) 470-2165

    9 in this area

    11 Total Sales

    Virginia Stracuzzi
    Section Image
  • Kelly LaFave

    Buyer's Agent in 2020

    Kelly LaFave

    EXP REALTY LLC

    (352) 816-1269

    33 in this area

    226 Total Sales

    Kelly LaFave
    Section Image
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Map

Source: Stellar MLS

MLS Number: OM568137

Stellar MLS

APN: 90490-17-101

Florida Marion County Ocala 34472 Silver Spring Shores

7944 Midway Drive Terrace Unit Q101, Ocala, FL

This home is located at 7944 Midway Drive Terrace Unit Q101, Ocala, FL 34472 since 02 January 2020 and is currently estimated at $131,100, approximately $156 per square foot. This property was built in 1987. 7944 Midway Drive Terrace Unit Q101 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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