$123,000
SOLD OCT 5, 2023

7972 Midway Drive Terrace Unit O103 Ocala, FL 34472

Silver Spring Shores Neighborhood
1 Bed
1 Bath
625 Sq Ft
$222/mo HOA Fee

Recently Sold

$197 Per Sq Ft

4% Below List Price

75 Days on Market

Highlights

  • Senior Community
  • Living Room
  • Dining Room
  • Family Room Off Kitchen
  • Central Heating and Cooling System
  • East Facing Home

About This Home

As of October 2023

This one bedroom one bath ground floor unit with its own roof and nobody above you located in desirable equistrian themed 55+ Derby Downs Condominum. Tree lines streets provides a pleasant, aesthetic walk or bike ride. This unit is located on the golf course and is NOT in a flood zone. This unit comes furnished. Inside photos to follow, however, feel free to schedule your tour today and see this unique, not often available stand alone unit. New roof in 2022. Kitchen and bath floors are vinyl, with berber carpet in bedroom and living room. Ceiling fan in dining area. Bath is tiled with granite countertops in kitchen and bath. Upgraded nickel faucets in bathroom. Clothes washer and dryer is Frigidaire brand, front load. Thermostate also has humidistat. Small pets are allowed.

Last Agent to Sell the Property

David Wineriter

HOMERUN REALTY Brokerage Phone: 352-817-3574 License #3265850 Listed on: 06/28/2023

HOMERUN REALTY

Last Buyer's Agent

Cheri Jenkins

COOKIE KING REAL ESTATE, INC License #3286935

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,120

Year Built

  • Built in 1987

HOA Fees

  • $222 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Shingle Roof
  • Metal Siding

Interior Spaces

  • 625 Sq Ft Home
  • 1-Story Property
  • Family Room Off Kitchen
  • Living Room
  • Dining Room

Kitchen

  • Convection Oven
  • Microwave

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • East Facing Home

Listing and Financial Details

Community Details

Overview

  • Senior Community
  • Association fees include common area taxes, maintenance structure, ground maintenance, pest control, pool, sewer, trash
  • Rebecca Mccray Association, Phone Number (352) 812-8086
  • Derby Downs Subdivision

Pet Policy

  • Pets up to 25 lbs
  • 1 Pet Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,120

Year Built

Built in 1987

Lot Details

0

HOA Fees

$222 per month

Listing Details

  • HOA Fee Includes: Common Area Taxes, Maintenance Structure, Maintenance Grounds, Pest Control, Pool, Sewer, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Metal Siding
  • Fireplace: No
  • Living Area: 625
  • Lot Size Acres: 0.01
  • New Construction: No
  • Year Built: 1987
  • Building Area Total: 625
  • Directions to Property: Baseline south. TL onto Maricamp. TL onto Midway Rd. Go to end. TR onto Midway Dr. Drive into Derby Downs. Condo is on left in Saratoga building.
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow City: Ocala
  • Escrow Postal Code: 34470
  • Escrow State: FL
  • Escrow Street Name: E. Silver Springs Blvd.
  • Escrow Street Number: 1279
  • Floor Number: 1
  • List Office Head Office Key Nume: 509277700
  • Minimum Lease: 3 Months
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 196.80
  • Unit Number YN: 0
  • Water Access YN: 0
  • Condo Fees Term: Monthly
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Vinyl
  • Full Bathrooms: 1
  • Interior Amenities: Kitchen/Family Room Combo, Thermostat
  • Appliances Included: Convection Oven, Dryer, Microwave, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 7972
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 58.06
  • Room Count: 4

Exterior Features

  • Direction Faces: East
  • Exterior Features: Lighting, Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Water Source: None

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Association Fee Frequency: Monthly
  • Association Name: Rebecca Mccray
  • Phone: 352-812-8086
  • Association: Yes
  • Senior Community: Yes
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: confirm with vine mgmt on pet restrictions
  • Association Fee Requirement: Required
  • Building Name Number: SARATOGA
  • Condo Fees: 222
  • Condo Land Included YN: 0
  • Max Pet Weight: 25
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: info@vinemgt.com
  • Monthly Condo Fee Amount: 222
  • Pet Size: Small (16-35 Lbs.)

Fee Information

  • Total Annual Fees: 2664.00
  • Total Monthly Fees: 222.00

Lot Info

  • Zoning: R3
  • Parcel Number: 90490-15-103
  • Additional Parcels: No
  • Flood Zone Code: X
  • Homestead YN: 0

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: confirm with vine mgt on lease restrictions.

Tax Info

  • Tax Annual Amount: 1119.65
  • Tax Block: 00
  • Tax Book Number: J-451
  • Tax Lot: 0

Multi Family

  • Approval Process: apply through vine management.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2023
Closed on
Oct 5, 2023
Sold by
Madeiros V Kenneth G V and Madeiros Constance E
Bought by
Hayman Justin
Seller's Agent
David Wineriter
HOMERUN REALTY
Buyer's Agent
Cheri Jenkins
COOKIE KING REAL ESTATE, INC
List Price
$127,900
Sold Price
$123,000
Premium/Discount to List
-$4,900
-3.83%
Views
416
Current Estimated Value
$127,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,172
Avg. Annual Appreciation
1.53%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $123,000 Atlas Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2023 10/05/23 Sold $123,000 -3.8% $197 / Sq Ft
09/12/2023 09/12/23 Pending -- -- --
09/04/2023 09/04/23 For Sale $127,900 0.0% $205 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
06/28/2023 06/28/23 For Sale $127,900 0.0% $205 / Sq Ft
10/14/2020 10/14/20 Rented $1,100 0.0% --
10/01/2020 10/01/20 For Rent $1,100 -- --
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 $1,443 $35,639 $0 $0
2022 $1,120 $32,399 $0 $0
2021 $1,030 $49,993 $30,000 $19,993
2020 $956 $43,355 $25,000 $18,355
2019 $837 $30,017 $1,805 $28,212
2018 $770 $27,202 $1,805 $25,397
2017 $722 $23,520 $1,803 $21,717
2016 $681 $18,288 $0 $0
2015 $650 $16,625 $0 $0
2014 $567 $15,114 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: OM660286

Stellar MLS

APN: 90490-15-103