NOT LISTED FOR SALE

7991 Midway Drive Terrace Unit L101 Ocala, FL 34472

Silver Spring Shores Neighborhood

Estimated Value: $129,000 - $148,000

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

Last Sold February 21, 2023

Last sale price $164,000 $195 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $1,143/month

6 Days on Market

Highlights

  • On Golf Course
  • Pond View
  • End Unit
  • Senior Community
  • Main Floor Primary Bedroom
  • Solid Surface Countertops

About This Home

As of February 2023

Welcome home to Florida golf course living at it's affordable best! No stairs to climb with this great first floor unit! Located in the established and sought after Derby Downs 55+ community, this turn-key condo has been fully renovated from top to bottom! Derby Downs borders the Silver Springs Shores Golf Course. From the moment you step into this unit you will see what sets it apart! Every surface is tastefully upgraded, from the new luxury vinyl plank floors, to the new vinyl insulated energy efficient windows with transferable warranty (blinds and rods will stay,) to the beautiful custom designed kitchen with solid surface quartz countertops and stainless appliances, plus a space saving stack washer/dryer unit. You'll notice that the doors and hardware have been updated throughout and that the bathrooms have been updated with beautiful new vanities and high rise comfort height porcelain thrones. To unwind after a day in town or on the golf course, you may choose to watch the gorgeous Florida sunset from your window enclosed lanai that looks out over the 18th fairway, or enjoy dinner and a glass of wine on the paver patio just off the lanai that overlooks the golf course. Back inside, this unit features a new water heater replaced last year, new hvac 2017. No carpet in this low maintenance unit! Owners of units in Derby Downs have access can become members of the nearby Silver Springs Shores Community Center for only $5 per year. This facility has numerous amenities including heated and non-heated swimming pools, a fitness room, community activities and events, as well as basketball and tennis courts and more! It's a great way to connect with your local community if you'd like! Other items to note are that the HOA allows one pet up to 25 lbs per unit and owners have one designated parking space per unit. The HOA fees cover the exterior maintenance, the roofs, common area maintenance and pest control as well as trash pickup. Check out the video!

Last Agent to Sell the Property

Courtney Moody

NEXTHOME PROFESSIONAL REALTY License #3104744 Listed on: 01/22/2023

NEXTHOME PROFESSIONAL REALTY

Last Buyer's Agent

Sarah Lieto

FLORIDA'S CHOICE REALTY License #3481653

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $757

Year Built

  • Built in 1987

Lot Details

  • On Golf Course
  • End Unit
  • Northwest Facing Home
  • Cleared Lot

HOA Fees

  • $296 Monthly HOA Fees

Parking

  • Assigned Parking

Property Views

  • Pond
  • Golf Course

Home Design

  • Slab Foundation
  • Shingle Roof
  • Metal Siding

Interior Spaces

  • 840 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Ceiling Fan
  • Decorative Fireplace
  • ENERGY STAR Qualified Windows
  • Insulated Windows
  • Blinds
  • Rods
  • Combination Dining and Living Room
  • Inside Utility
  • Walk-Up Access

Kitchen

  • Range
  • Microwave
  • Solid Surface Countertops

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • 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
  • Rental Restrictions

Pet Policy

  • Pets up to 25 lbs
  • Breed Restrictions

Additional Features

  • Community Mailbox
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$757

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 Condition: Completed
  • Property Sub Type: Condominium
  • Construction Materials: Metal Siding
  • Fireplace: Yes
  • Living Area: 840
  • Lot Size Acres: 0.01
  • New Construction: No
  • Year Built: 1987
  • Building Area Total: 993
  • Lot Size Sq Ft: 412
  • Directions to Property: Take SE Maricamp Rd, Turn left onto Midway Rd, Turn right onto Midway Dr. Follow it into Derby Downs, to the end of the road, look for Building L at the end.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM651907?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM651907?w=Customer
  • Floor Number: 1
  • Homestead Y N: Yes
  • Unit Number Y N: No
  • Property Description: Corner Unit, End Unit, Walk-Up
  • Ratio: Close Price\List Price: 0.97041
  • Price per Sq Ft: 195.24
  • Close to Original List Price Ratio: 0.95072
  • Ratio: Current Price\Building Area Total: 165.16
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Decorative
  • Living Area Units: Square Feet
  • Flooring: Tile, Vinyl
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Master Bedroom Main Floor, Solid Surface Counters, Thermostat
  • Appliances Included: Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 2
  • Window Features: Blinds, ENERGY STAR Qualified Windows, Insulated Windows, Rods
  • Street Number Modifier: 7991
  • Room Count: 5
  • Additional Rooms: Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Northwest
  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • View: Golf Course, Water
  • Waterfront: No
  • Patio and Porch Features: Enclosed, Rear Porch
  • Road Surface Type: Paved, Asphalt
  • Water View: Pond
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Assigned
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Community Mailbox
  • Association Fee: 296
  • Association Fee Frequency: Monthly
  • Association Name: Vine Management
  • Phone: 352-816-8086
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: Yes
  • Association Website: www.vinemgt.com
  • Association Email: info@vinemgt.com
  • Condo Land Included Y N: No
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 3552
  • Monthly HOA Fee: 296
  • Total Monthly Fees: 296

Lot Info

  • Zoning: R3
  • Parcel Number: 90490-12-101
  • Additional Parcels: No
  • Lot Features: Cleared, In County, On Golf Course
  • Flood Zone Code: X
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Partially
  • Pets Allowed: Breed Restrictions, Yes
  • Max Pet Weight: 25
  • Minimum Lease: 3 Months
  • Approval Process: Complete application with Vine Management.
  • Pet Restrictions: Pet must be 25lbs or less.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Contact Vine Management with any questions.

Tax Info

  • Tax Annual Amount: 756.9
  • Tax Block: L
  • Tax Book Number: J-451
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2023
Closed on
Feb 21, 2023
Sold by
Paterson Marcia Catherine and Paterson David Ian
Bought by
Bass Susan and Kiriacoulacos Marguerite J
Seller's Agent
Courtney Moody
NEXTHOME PROFESSIONAL REALTY
Buyer's Agent
Sarah Lieto
FLORIDA'S CHOICE REALTY
List Price
$172,500
Sold Price
$164,000
Premium/Discount to List
-$8,500
-4.93%
Views
57
Current Estimated Value
$142,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,066
Avg. Annual Appreciation
-4.44%

Purchase Details

Closed on
Feb 7, 2020
Sold by
Stracuzzi Virginia Allis and Stracuzzi Virginia Allis
Bought by
Paterson Marcia Catherine and Paterson David Ian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2018
Sold by
Stracuzzi Virginia Allis
Bought by
Stracuzzi Virginia Allis and The Virginia Allis Stracuzzi R

Purchase Details

Listed on
Jan 24, 2017
Closed on
Mar 2, 2017
Sold by
Torphy Daniel E and Torphy Judith A
Bought by
Stracuzzi Virginia Allis
Buyer's Agent
Virginia Stracuzzi
SELLSTATE NEXT GENERATION REAL
List Price
$54,900
Sold Price
$52,000
Premium/Discount to List
-$2,900
-5.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.05%

Purchase Details

Closed on
Jul 18, 2001
Sold by
Garofalo Frank R
Bought by
Torphy Daniel E and Torphy Judith A
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
Bass Susan $164,000 Stewart Title
Paterson Marcia Catherine $65,000 Signature T&E Svcs Llc
Stracuzzi Virginia Allis -- Attorney
Stracuzzi Virginia Allis $52,000 1St Quality Title Llc
Torphy Daniel E $39,000 Safetitle Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Paterson Marcia Catherine $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2023 02/21/23 Sold $164,000 -3.0% $195 / Sq Ft
01/29/2023 01/29/23 Pending -- -- --
01/27/2023 01/27/23 Price Changed $169,000 -2.0% $201 / Sq Ft
01/22/2023 01/22/23 For Sale $172,500 +231.7% $205 / Sq Ft
03/02/2017 03/02/17 Sold $52,000 -5.3% $62 / Sq Ft
01/27/2017 01/27/17 Pending -- -- --
01/24/2017 01/24/17 For Sale $54,900 -- $65 / 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 $771 $61,471 $0 $0
2022 $757 $59,681 $0 $0
2021 $760 $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 $888 $33,066 $2,424 $30,642
2016 $840 $25,698 $0 $0
2015 $798 $23,362 $0 $0
2014 $682 $21,238 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Courtney Moody

    Seller's Agent in 2023

    Courtney Moody

    NEXTHOME PROFESSIONAL REALTY

    (352) 572-6940

    24 in this area

    128 Total Sales

    Section Image

  • S

    Buyer's Agent in 2023

    Sarah Lieto

    FLORIDA'S CHOICE REALTY

    (352) 857-9748

    8 in this area

    64 Total Sales

    Section Image

  • V

    Buyer's Agent in 2017

    Virginia Stracuzzi

    SELLSTATE NEXT GENERATION REAL

    (352) 470-2165

    8 in this area

    10 Total Sales

    Section Image
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Map

Source: Stellar MLS

MLS Number: OM651907

Stellar MLS

APN: 90490-12-101

Florida Marion County Ocala 34472 Silver Spring Shores

7991 Midway Drive Terrace Unit L101, Ocala, FL

This home is located at 7991 Midway Drive Terrace Unit L101, Ocala, FL 34472 since 22 January 2023 and is currently estimated at $139,320, approximately $165 per square foot. This property was built in 1987. 7991 Midway Drive Terrace Unit L101 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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