$500,000
SOLD JUL 18, 2024
4 Beds
3 Baths
2,222 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$225 Per Sq Ft

9% Below List Price

15 Days on Market

Highlights

  • Garage Apartment
  • Living Room with Fireplace
  • Main Floor Primary Bedroom
  • Eighth Street Elementary School Rated A-
  • Wood Flooring
  • High Ceiling

About This Home

As of July 2024

Welcome to your charming oasis in downtown Ocala! This delightful bungalow boasts 3 bedrooms and 2 baths in the main home, along with a bonus 1 bedroom, 1 bath detached garage apartment – offering fantastic income potential. Step onto the inviting screen-enclosed front porch, perfect for enjoying those warm Florida evenings. Inside, you'll find a formal sitting room and separate dining room, ideal for entertaining guests. The kitchen features a cozy breakfast nook that opens to the family room, creating a warm and inviting atmosphere. The master bedroom, conveniently located downstairs, offers privacy and comfort. Master bathroom has been recently updated with a new vanity, tile, and commode, adding a touch of modern elegance. Upstairs, two bedrooms and a bath provide ample space for family or guests, with the front bedroom boasting a large walk-in closet . There is also an additional small office. The detached carriage house apartment has been completely remodeled and presents a fantastic rental opportunity, whether for short or long-term stays. Light and bright kitchen with new tile flooring, new refrigerator and stove. Great living space with separate bedroom and bath. Also additional brand new stackable washer & dryer, never used. Two separate garage bays downstairs feature mini splits, ideal for storage or converting into additional living space. A third smaller bay serves as a great workshop, catering to various needs. Outdoors, a covered area provides a wonderful spot for outdoor entertainment, while the entire backyard is enclosed by new wood fencing, ensuring privacy and security. Pool permits have already been pulled with gorgeous renderings, offering the opportunity to create your own private oasis. With two addresses and separate electric meters, this home offers versatility and potential. Whether you're looking for a comfortable primary home with rental income, or seeking a savvy investment opportunity, this property has it all. You are just a short golf cart ride away from Downtown Ocala restaurants & shops! Don’t miss your chance to make this your own piece of paradise in the heart of Central Florida! 2021 ROOF, 2022 HVAC FOR MAIN HOME, 2023 - 4 MINI SPLITS FOR GARAGE & APARTMENT, 2024 GAS TANKLESS HOT WATER HEATER.

Last Agent to Sell the Property

Melissa Brackett

ROBERTS REAL ESTATE INC Brokerage Phone: 352-351-0011 License #3033109 Listed on: 06/08/2024

ROBERTS REAL ESTATE INC

Last Buyer's Agent

Jeannine Plummer

CRYSTAL SNOOK REAL ESTATE License #3425025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,774

Year Built

  • Built in 1938

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 75x125
  • South Facing Home
  • Wood Fence
  • Property is zoned R2

Parking

  • 3 Car Garage
  • 1 Carport Space
  • Split Garage
  • Garage Apartment
  • Driveway
  • On-Street Parking

Home Design

  • Bi-Level Home
  • Wood Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,222 Sq Ft Home
  • Built-In Features
  • High Ceiling
  • Ceiling Fan
  • Skylights
  • Decorative Fireplace
  • Awning
  • Window Treatments
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Inside Utility
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry in Hall
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Covered patio or porch

Schools

  • Eighth Street Elem. Elementary School
  • Osceola Middle School
  • Forest High School

Utilities

  • Central Heating and Cooling System
  • Mini Split Air Conditioners
  • Thermostat

Community Details

  • No Home Owners Association
  • Palmetto Park Rev Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,774

Year Built

Built in 1938

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Stucco, Wood Frame
  • Fireplace: Yes
  • Living Area: 2222
  • Lot Size Acres: 0.22
  • New Construction: No
  • Year Built: 1938
  • Building Area Total: 3559
  • Lot Size Sq Ft: 9583
  • Directions to Property: From S Magnolia Extension, Right on SE 16th Pl, Left on SE 9th Ave, Right on SE 12th St From 301 N, Right on 10th St,Right onto S Magnolia Ave. Left on SE 3rd Ave, Right on SE 12th St.
  • Status: Sold
  • Street Direction: SE
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow City: Ocala
  • Escrow Postal Code: 34471
  • Escrow State: FL
  • Escrow Street Name: SE 11th Ave
  • Escrow Street Number: 40
  • List Office Head Office Key Nume: 1044872
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 225.02
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 352-351-0011
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Decorative, Living Room
  • Living Area Units: Square Feet
  • Flooring: Laminate, Tile, Wood
  • Full Bathrooms: 3
  • Interior Amenities: Built-in Features, Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Primary Bedroom Main Floor, Skylight(s), Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Microwave, Range, Refrigerator
  • Foundation Details: Crawlspace
  • Total Bedrooms: 4
  • Levels: Two
  • Street Number Modifier: 809 and 811
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Family Room,Formal Dining Room Separate,Formal Living Room Separate,Garage Apartment,Inside Utility
  • Living Area Meters: 206.43
  • Room Count: 3

Exterior Features

  • Direction Faces: South
  • Exterior Features: Awning(s), Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Covered, Front Porch, Screened
  • Road Surface Type: Paved
  • Disclosures: Lead Paint, Seller Property Disclosure
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Covered, Driveway, On Street, Split Garage

Utilities

  • Utilities: Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air, Mini-Split Unit(s)
  • Heating: Central
  • Laundry Features: Corridor Access, Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Name: n/a
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Eighth Street Elem. School
  • High School: Forest High School
  • Middle Or Junior School: Osceola Middle School

Lot Info

  • Zoning: R2
  • Parcel Number: 2908-003-010
  • Additional Parcels: No
  • Fencing: Wood
  • Lot Dimensions: 75x125
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 890

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 0

Tax Info

  • Tax Annual Amount: 6774.33
  • Tax Block: 3
  • Tax Book Number: B/210
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2025
Sold by
Varnum David M and Varnum Krista L
Bought by
Varnum David M and Varnum Krista L
Total Days on Market
15
Current Estimated Value
$478,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Outstanding Balance
$268,161
Interest Rate
6.14%
Mortgage Type
New Conventional
Estimated Equity
$210,700

Purchase Details

Listed on
Jun 8, 2024
Closed on
Jul 19, 2024
Sold by
Hemstead Peter B and Hemstead Lisa Ann
Bought by
Varnum David M and Varnum Krista L
Seller's Agent
Melissa Brackett
ROBERTS REAL ESTATE INC
Buyer's Agent
Jeannine Plummer
CRYSTAL SNOOK REAL ESTATE
List Price
$550,000
Sold Price
$500,000
Premium/Discount to List
-$50,000
-9.09%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.79%

Purchase Details

Closed on
Jun 22, 2022
Sold by
Randolph Jr John T
Bought by
Hemstead Peter B and Hemstead Lisa Ann

Purchase Details

Closed on
Oct 25, 2021
Sold by
Pinkston Steve and Brouillard Sandra
Bought by
Randolph John T

Purchase Details

Closed on
Oct 22, 2021
Sold by
Pinkston Steve and Estate Of Claude A Pinkston Jr
Bought by
Randolph John T
Source: Public Records

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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
Quit Claim Deed -- Transtar National Title
Quit Claim Deed -- Transtar National Title
Warranty Deed $500,000 None Listed On Document
Warranty Deed $400,000 Ocala Land Title Insurance Age
Deed $210,000 First International Ttl Inc
Special Warranty Deed $210,000 First International Ttl Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $270,000 New Conventional
Closed $270,000 New Conventional
Previous Owner $16,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2024 07/18/24 Sold $500,000 -9.1% $225 / Sq Ft
06/24/2024 06/24/24 Pending -- -- --
06/08/2024 06/08/24 For Sale $550,000 -- $248 / 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 $6,171 $358,678 $42,300 $316,378
2022 $5,558 $295,950 $42,300 $253,650
2021 $1,617 $89,214 $0 $0
2020 $870 $87,982 $0 $0
2019 $844 $86,004 $0 $0
2018 $808 $84,400 $0 $0
2017 $792 $82,664 $0 $0
2016 $777 $80,964 $0 $0
2015 $782 $80,401 $0 $0
2014 $709 $79,763 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: OM679984

Stellar MLS

APN: 2908-003-010