7990 Midway Drive Terrace Unit M102 Ocala, FL 34472
Silver Spring Shores Neighborhood
2
Beds
2
Baths
840
Sq Ft
$384/mo
HOA Fee
Highlights
- Senior Community
- Sliding Doors
- Dining Room
- Living Room
- Central Heating and Cooling System
- Ceiling Fan
About This Home
As of June 2025This 55+, fully furnished, two bedroom, two bath condominium with nobody above you, located in desireable Derby Downs Condominium with equistrian community theme. This unit is located at the end of dead end road, and backs up to the golf course. Outdoor lighting and beutiful tree lined streets, making for an aesthetic bike ride or walk. Small pets allowed. This is a rare find. Cathedral ceilings, attic for storage, upgraded kitchen with granite countertops, wood cabinets, slide out spice rack for convenient storage of cooking spices next to dish washer.
Upgraded faucets throughout. Hide-away ironing board next to second bath. Double pane windows throughout w/exception of lanai windows. Master bedroom shower has been upgraded with tile and glass sliding shower doors. A/C replaced in 2024. Roof replaced in 2019. Hoa fee covers grounds maintenance, roof, exterior paint and building repair, pest control, trash. Residents can further enjoy membership in the Silver Springs Community Center for only five dollars a year. The community center has three swimming pools, basketballl, pickleball, tennis courts, picnic area, billiards room, workout room, small library, rental hall with big screen TV for special events or gatherings, and numerous other activities.
Last Agent to Sell the Property
HOMERUN REALTY Brokerage Phone: 352-624-0935 License #3015887 Listed on: 01/22/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,370
Year Built
- Built in 1987
HOA Fees
- $384 Monthly HOA Fees
Home Design
- Slab Foundation
- Frame Construction
- Shingle Roof
- Metal Siding
Interior Spaces
- 840 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Sliding Doors
- Living Room
- Dining Room
- Laundry in unit
Kitchen
- Built-In Oven
- Microwave
- Ice Maker
- Dishwasher
- Disposal
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Utilities
- Central Heating and Cooling System
- Thermostat
- Electric Water Heater
- Cable TV Available
Additional Features
- Exterior Lighting
- East Facing Home
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Lot m102
- Assessor Parcel Number 90490-13-102
Community Details
Overview
- Senior Community
- Association fees include maintenance structure, ground maintenance, pest control, sewer, trash
- Vine Management / Laurie Gahr Association, Phone Number (352) 812-8086
- Derby Downs Subdivision
Pet Policy
- 1 Pet Allowed
- Dogs and Cats Allowed
- Small pets allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 22, 2025
Closed on
Jun 30, 2025
Sold by
Hanley Gary and Hanley Tana
Bought by
Sykes Zulima G
Seller's Agent
Denise March
HOMERUN REALTY
Buyer's Agent
Carolina Arango
NEXT GENERATION REALTY OF MARION COUNTY LLC
List Price
$167,500
Sold Price
$140,000
Premium/Discount to List
-$27,500
-16.42%
Views
64
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.63%
Original Mortgage
$60,000
Outstanding Balance
$60,000
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$78,742
Purchase Details
Closed on
Sep 17, 2002
Sold by
Munger Gary T
Bought by
Munger Gary T and Munger Janet M
Similar Homes in Ocala, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $140,000 | Atlas Title | |
| Warranty Deed | $140,000 | Atlas Title | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $60,000 | New Conventional | |
| Closed | $60,000 | New Conventional | |
| Previous Owner | $34,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | Sold | $140,000 | -1.4% | $167 / Sq Ft |
| 05/19/2025 05/19/25 | Pending | -- | -- | -- |
| 03/26/2025 03/26/25 | Price Changed | $142,000 | -9.8% | $169 / Sq Ft |
| 02/22/2025 02/22/25 | Price Changed | $157,500 | -6.0% | $188 / Sq Ft |
| 01/22/2025 01/22/25 | For Sale | $167,500 | +5.0% | $199 / Sq Ft |
| 06/09/2023 06/09/23 | Sold | $159,500 | -3.3% | $190 / Sq Ft |
| 05/19/2023 05/19/23 | Pending | -- | -- | -- |
| 05/18/2023 05/18/23 | Price Changed | $164,900 | -5.7% | $196 / Sq Ft |
| 04/28/2023 04/28/23 | Price Changed | $174,900 | -7.9% | $208 / Sq Ft |
| 04/18/2023 04/18/23 | For Sale | $189,900 | -- | $226 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $2,370 | $20,761 | $0 | $0 |
| 2022 | $317 | $20,156 | $0 | $0 |
| 2021 | $317 | $19,569 | $0 | $0 |
| 2020 | $317 | $19,299 | $0 | $0 |
| 2019 | $317 | $18,865 | $0 | $0 |
| 2018 | $312 | $18,513 | $0 | $0 |
| 2017 | $312 | $18,132 | $0 | $0 |
| 2016 | $290 | $17,759 | $0 | $0 |
| 2015 | $284 | $17,636 | $0 | $0 |
| 2014 | $284 | $17,496 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Denise March
HOMERUN REALTY
(352) 266-6165
13 in this area
71 Total Sales
-
C
Buyer's Agent in 2025
Carolina Arango
NEXT GENERATION REALTY OF MARION COUNTY LLC
(352) 216-7824
4 in this area
26 Total Sales
-
Seller's Agent in 2023
Aldis Hidalgo
GLOBALWIDE REALTY LLC
(352) 598-9693
7 in this area
90 Total Sales
-
Buyer's Agent in 2023
David Wineriter
HOMERUN REALTY
(352) 445-5456
35 in this area
47 Total Sales
Map
Source: Stellar MLS
MLS Number: OM693375
APN: 90490-13-102
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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