NOT LISTED FOR SALE

7986 Midway Drive Terrace Unit N101 Ocala, FL 34472

Silver Spring Shores Neighborhood

Estimated Value: $121,322 - $160,000

2 Beds
2 Baths
840 Sq Ft
$296/mo HOA Fee

Last Sold July 07, 2023

Last sale price $115,000 $137 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,150/month

13 Days on Market

Highlights

  • Senior Community
  • Tile Flooring
  • Central Heating and Cooling System
  • Living Room
  • Sliding Doors
  • South Facing Home

About This Home

As of July 2023

Come check out this 2 bedroom 2 bathroom first floor condo located in Derby Downs 55+ community. This condo is an end unit featuring golf course views, tile and vinyl flooring throughout, spacious living and dining room, and concrete patio. Derby Downs is located in a desirable area close to restaurants, shopping, hospitals, and easy main highway access. Call for your showing today!

Last Agent to Sell the Property

Tyler Stump

RESOLUTE REAL ESTATE LLC License #3415977 Listed on: 04/19/2023

Last Buyer's Agent

Linda Rocha

RABELL REALTY GROUP LLC License #3481563

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $317

Year Built

  • Built in 1987

Lot Details

  • South Facing Home

HOA Fees

  • $296 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 840 Sq Ft Home
  • 1-Story Property
  • Sliding Doors
  • Living Room
  • Range

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Senior Community
  • Association fees include maintenance structure, ground maintenance, pest control, trash
  • Vine Management Association, Phone Number (352) 816-8086
  • Visit Association Website
  • Derby Downs Subdivision

Pet Policy

  • Pets up to 25 lbs
  • Pet Size Limit
  • 1 Pet Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$317

Year Built

Built in 1987

Lot Details

0

HOA Fees

$296 per month

Listing Details

  • HOA Fee Includes: Maintenance Structure, Maintenance Grounds, Pest Control, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Other
  • Fireplace: No
  • Living Area: 840
  • Lot Size Acres: 0.01
  • New Construction: No
  • Year Built: 1987
  • Building Area Total: 840
  • Lot Size Sq Ft: 439
  • Directions to Property: From Ocala turn left on Pine Road, turn right on Silver Road, turn left on Silver Pass, slight right onto Midway Dr, Slight right onto Midway Dr Terrace, condo is at the end on the left.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow City: Ocala
  • Escrow Postal Code: 34478
  • Escrow State: FL
  • Escrow Street Name: SE First Ave., Suite 102
  • Escrow Street Number: 35
  • Floor Number: 1
  • List Office Head Office Key Nume: 529793826
  • Minimum Lease: No Minimum
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 136.90
  • Unit Number YN: 0
  • Water Access YN: 0
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile, Vinyl
  • Full Bathrooms: 2
  • Interior Amenities: Other
  • Appliances Included: Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 7986
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 78.04
  • Room Count: 3

Exterior Features

  • Direction Faces: South
  • Exterior Features: Other, Sidewalk, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • 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: Public

Condo/Co-op/Association

  • Community Features: Buyer Approval Required
  • Association Fee: 296.44
  • Association Fee Frequency: Monthly
  • Association Name: Vine Management
  • Phone: 352-816-8086
  • Association: Yes
  • Senior Community: Yes
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Association Fee Requirement: Required
  • Building Name Number: N
  • Condo Land Included YN: 0
  • Max Pet Weight: 25
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: info@vinemgt.com
  • Pet Size: Small (16-35 Lbs.)
  • Association URL: www.vinemgt.com

Fee Information

  • Total Annual Fees: 3557.28
  • Total Monthly Fees: 296.44
  • Monthly HOA Amount: 296.44

Lot Info

  • Zoning: R3
  • Parcel Number: 90490-14-101
  • Additional Parcels: No
  • Flood Zone Code: X
  • Homestead YN: 1
  • Lot Size Square Meters: 41

Rental Info

  • Pets Allowed: Size Limit, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Contact Vine Management with my questions

Tax Info

  • Tax Annual Amount: 317.48
  • Tax Block: 0
  • Tax Book Number: J-451
  • Tax Lot: N-101

Multi Family

  • Approval Process: Complete application with Vine Management

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2023
Closed on
Jul 6, 2023
Sold by
Hubbuck Ryan
Bought by
Laurenson Carl and Laurenson Lynnett
Seller's Agent
Tyler Stump
RESOLUTE REAL ESTATE LLC
Buyer's Agent
Linda Rocha
RABELL REALTY GROUP LLC
List Price
$120,000
Sold Price
$115,000
Premium/Discount to List
-$5,000
-4.17%
Views
266
Current Estimated Value
$125,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,151
Avg. Annual Appreciation
5.73%

Purchase Details

Closed on
Feb 15, 2001
Sold by
Mcneely Algie W and Mcneely Doris Lee
Bought by
Hubbuck Shawn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
8%
Mortgage Type
Seller Take Back
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
Laurenson Carl $115,000 None Listed On Document
Hubbuck Shawn A $36,000 Ocala Land Title Insurance A
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hubbuck Shawn A $15,000
Previous Owner Hubbuck Shawn $34,000
Previous Owner Hubbuck Shawn A $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2023 07/07/23 Sold $115,000 -4.2% $137 / Sq Ft
05/03/2023 05/03/23 Pending -- -- --
04/19/2023 04/19/23 For Sale $120,000 -- $143 / 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
2023 $2,027 $91,009 $50,000 $41,009
2022 $317 $22,520 $0 $0
2021 $317 $21,864 $0 $0
2020 $317 $21,562 $0 $0
2019 $317 $21,077 $0 $0
2018 $312 $20,684 $0 $0
2017 $312 $20,259 $0 $0
2016 $290 $19,842 $0 $0
2015 $284 $19,704 $0 $0
2014 $284 $19,548 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Tyler Stump

    RESOLUTE REAL ESTATE LLC

    (352) 615-4600

    25 in this area

    135 Total Sales

    Section Image
  • Linda Rocha

    Buyer's Agent in 2023

    Linda Rocha

    RABELL REALTY GROUP LLC

    (954) 254-3594

    2 in this area

    26 Total Sales

    Section Image
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Map

Source: Stellar MLS

MLS Number: OM656704

Stellar MLS

APN: 90490-14-101

Florida Marion County Ocala 34472 Silver Spring Shores

7986 Midway Drive Terrace Unit N101, Ocala, FL

This home is located at 7986 Midway Drive Terrace Unit N101, Ocala, FL 34472 since 19 April 2023 and is currently estimated at $135,331, approximately $161 per square foot. This property was built in 1987. 7986 Midway Drive Terrace Unit N101 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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