NOT LISTED FOR SALE

7987 Midway Drive Terrace Unit K102 Ocala, FL 34472

Silver Spring Shores Neighborhood

Estimated Value: $131,576 - $148,000

2 Beds
2 Baths
840 Sq Ft
$258/mo HOA Fee

Last Sold May 13, 2022

Last sale price $134,000 $160 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,118/month

1 Day on Market

Highlights

  • Senior Community
  • Combination Dining and Living Room
  • Carpet
  • Central Heating and Cooling System
  • Ceiling Fan
  • Southeast Facing Home

About This Home

As of May 2022

Prestine 2/2 55+ Condo. From the moment you walk through the front door you will feel at home. Living room and kitchen have fabulous views of the Silver Springs Shores Golf Course. Perfect Sit down kitchen area area off the patio. Enjoy your breakfast while viewing all nature has to offer. Kitchen has Refrigerator, stove, microwave and dishwasher. View out the kitchen window is also the golf course. 2 Full bedrooms and 2 full bathrooms make this condo perfect for a full time resident to enjoy. Owners suite has a full ensuite. After a day of golf or shopping enjoy your patio on the back side of condo and watch nature at its finest. Very private. Completely furnished and Turn Key. Beautiful view of the Silver Springs Golf Course and minutes from the Silver Springs Community center. Free membership and a $5 for your member key.
Silver Springs community Center offers a small gym, 3 pools, jacuzzi, pickle ball, Library, recreation, Lake, shuffleboard and so much more.
Low Taxes and Low Homeowners insurance make this the perfect Permanent home. This is a Cash only Purchase

Last Agent to Sell the Property

Marie Evans

REMAX/PREMIER REALTY License #3281590 Listed on: 04/19/2022

REMAX/PREMIER REALTY

Last Buyer's Agent

Jennifer Kennedy

OCALA REALTY WORLD LLC License #3334033

OCALA REALTY WORLD LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,243

Year Built

  • Built in 1987

Lot Details

  • Southeast Facing Home
  • Irrigation
  • Condo Land Included

HOA Fees

  • $258 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 840 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Combination Dining and Living Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Senior Community
  • Association fees include common area taxes, escrow reserves fund, maintenance structure, ground maintenance, pest control, trash
  • The Vine/Laurie Gahr Association, Phone Number (352) 812-8086
  • Visit Association Website
  • Derby Downs Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Pet Policy

  • Pets up to 25 lbs
  • 1 Pet Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,243

Year Built

Built in 1987

Lot Details

0

HOA Fees

$258 per month

Listing Details

  • HOA Fee Includes: Common Area Taxes, Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Pest Control, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Metal Siding, Wood Frame
  • Fireplace: No
  • Living Area: 840
  • Lot Size Acres: 0.02
  • New Construction: No
  • Year Built: 1987
  • Lot Size Sq Ft: 941
  • Directions to Property: Mari Camp to Midway Rd. Turn Left. Go to Midway Dr and turn Right. Go all the way to the end and enter Derby Downs. Go all the way to the end of Derby Downs and Condo will be on your right.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM637749?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM637749?w=Customer
  • Floor Number: 1
  • Homestead Y N: No
  • Number Of Pets: 1
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1.07286
  • Price per Sq Ft: 159.52
  • Close to Original List Price Ratio: 1.07286
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Linoleum
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Master Bedroom Main Floor, Thermostat, Window Treatments
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 7987
  • Room Count: 5

Exterior Features

  • Direction Faces: Southeast
  • Exterior Features: Irrigation System, Lighting
  • 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
  • Disclosures: Condominium Disclosure Available, HOA/PUD/Condo Disclosure, Lead Paint, Seller Property Disclosure

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Phone Available, Sewer Connected, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions
  • Association Fee: 258
  • Association Fee Frequency: Monthly
  • Association Name: The Vine/Laurie Gahr
  • Phone: 352.812.8086
  • Association: Yes
  • Senior Community: Yes
  • Association Website: www.vinemgt.com
  • Association Email: info@vinemgt.com
  • Condo Land Included Y N: Yes
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 3096
  • Monthly HOA Fee: 258
  • Total Monthly Fees: 258

Lot Info

  • Zoning: R3
  • Parcel Number: 90490-11-102
  • Additional Parcels: No
  • Flood Zone Code: X,A

Rental Info

  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 25
  • Minimum Lease: 3 Months
  • Approval Process: Application/ Approval
  • Num Timesper Year: 4
  • Pet Restrictions: Check with HOA/Deed Restrictions
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See Deed Restrictions

Tax Info

  • Tax Annual Amount: 1242.64
  • Tax Block: K/102
  • Tax Book Number: J-451
  • Tax Lot: 62

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2022
Closed on
May 13, 2022
Sold by
Cook Linda D
Bought by
King Vicki L
Seller's Agent
Marie Evans
REMAX/PREMIER REALTY
Buyer's Agent
Jennifer Kennedy
OCALA REALTY WORLD LLC
List Price
$124,900
Sold Price
$134,000
Premium/Discount to List
$9,100
7.29%
Current Estimated Value
$137,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,730
Avg. Annual Appreciation
2.24%

Purchase Details

Closed on
Oct 28, 2009
Sold by
Peterson Patricia and Peterson Carrie Jane
Bought by
Cook Linda D and Craig Macdonald D

Purchase Details

Closed on
Mar 12, 2001
Sold by
Heldt Harold and Heldt Dorothy P
Bought by
Peterson Patricia
Source: Public Records

Range of Values:

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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
King Vicki L $134,000 Brick City Title Insurance Age
Cook Linda D $72,500 Affiliated Title Of Marion C
Peterson Patricia $44,500 Safetitle Company
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2022 05/13/22 Sold $134,000 +7.3% $160 / Sq Ft
04/21/2022 04/21/22 Pending -- -- --
04/19/2022 04/19/22 For Sale $124,900 -- $149 / 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 $1,269 $91,965 $50,000 $41,965
2022 $1,348 $46,157 $0 $0
2021 $1,243 $58,227 $30,000 $28,227
2020 $1,151 $50,951 $25,000 $25,951
2019 $1,055 $42,394 $2,426 $39,968
2018 $964 $38,637 $2,426 $36,211
2017 $895 $33,455 $2,424 $31,031
2016 $847 $26,054 $0 $0
2015 $805 $23,685 $0 $0
2014 $687 $21,532 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Marie Evans

    Seller's Agent in 2022

    Marie Evans

    RE/MAX

    (352) 425-3387

    96 in this area

    218 Total Sales

    Section Image
  • Jennifer Kennedy

    Buyer's Agent in 2022

    Jennifer Kennedy

    OCALA REALTY WORLD LLC

    (352) 775-0078

    49 in this area

    282 Total Sales

    Section Image
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Map

Source: Stellar MLS

MLS Number: OM637749

Stellar MLS

APN: 90490-11-102

Florida Marion County Ocala 34472 Silver Spring Shores

7987 Midway Drive Terrace Unit K102, Ocala, FL

This home is located at 7987 Midway Drive Terrace Unit K102, Ocala, FL 34472 since 19 April 2022 and is currently estimated at $139,894, approximately $166 per square foot. This property was built in 1987. 7987 Midway Drive Terrace Unit K102 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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