NOT LISTED FOR SALE

8542 SW 107th Ln Ocala, FL 34481

Estimated Value: $180,000 - $195,000

2 Beds
2 Baths
1,348 Sq Ft
$140/Sq Ft Est. Value

Last Sold May 21, 2024

Last sale price $205,000 $152 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $1,365/month

143 Days on Market

Highlights

  • Active Adult
  • Open Floorplan
  • Family Room with Fireplace
  • Gated Community
  • Clubhouse
  • Sun or Florida Room

About This Home

As of May 2024

A rare find in Palm Cay, a large fully finished Florida room with a fireplace, dome ceiling with fan in the kitchen, screened Lanai, and ceiling fans throughout. The Master Bath has been completely remodeled with a walk-in shower. New roof in 2023, heat pump new in 2011 and has been serviced yearly, new garage door opener. All windows were replaced in 2014 with a lifetime/ transferable warranty. The electric panel was replaced in 2022. Must see to appreciate the many upgrades and improvements.

Last Agent to Sell the Property

Sandy Sanborn

RE/MAX FOXFIRE - HWY200/103 S Brokerage Phone: 352-479-0123 License #3469477 Listed on: 11/14/2023

RE/MAX FOXFIRE  - HWY200/103 S

Last Buyer's Agent

Kim Hagan

RE/MAX FOXFIRE - HWY 40 License #3290476

RE/MAX FOXFIRE - HWY 40

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $743

Year Built

  • Built in 1988

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 84x124
  • North Facing Home
  • Property is zoned B2

HOA Fees

  • $114 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,348 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Electric Fireplace
  • Family Room with Fireplace
  • L-Shaped Dining Room
  • Sun or Florida Room

Kitchen

  • Range with Range Hood
  • Recirculated Exhaust Fan
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Rain Gutters
  • Private Mailbox

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • 1 Septic Tank
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Active Adult
  • Association fees include 24-Hour Guard, common area taxes, pool, recreational facilities
  • Jim Day Association
  • Palm Cay Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions, allowable golf cart usage in the community

Recreation

  • Tennis Courts
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$743

Year Built

Built in 1988

Lot Details

0

HOA Fees

$114 per month

Parking

2

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Common Area Taxes, Pool, Recreational Facilities
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Vinyl Siding
  • Fireplace: Yes
  • Living Area: 1348
  • Lot Size Acres: 0.24
  • New Construction: No
  • Year Built: 1988
  • Building Area Total: 1348
  • Lot Size Sq Ft: 10454
  • Directions to Property: FROM HIGHWAY I-75 TAKE EXIT 350 HEAD SW DOWN STATE ROAD 200 TOWARDS ON TOP OF THE WORLD / DUNNELLON TAKE A LEFT AT SW 106TH PL HEAD DOWN ONE WAY ROAD TO GUARD GATE GO THROUGH GUARD GATE AND TAKE THE FIRST RIGHT ON 85TH TERRACE. THIS WILL TURN INTO 107TH LANE AND THE HOUSE IS THE SECOND ON THE RIGHT.
  • Status: Sold
  • Street Direction: SW
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 160877336
  • Minimum Lease: 3 Months
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 152.08
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • Planned Unit Development Yn: 1
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 352-479-0123
  • Tax Year: 2022
  • Special Features: None

Interior Features

  • Fireplace Features: Electric, Family Room
  • Living Area Units: Square Feet
  • Flooring: Carpet, Laminate, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), L Dining, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Open Floorplan, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 8542
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Florida Room
  • Living Area Meters: 125.23
  • Room Count: 4

Exterior Features

  • Direction Faces: North
  • Pool Features: Other
  • Exterior Features: Private Mailbox, Rain Gutters, Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Phone Available, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Heat Pump
  • Sewer: Septic Tank
  • Water Source: Public
  • Number Of Septics: 1

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Clubhouse, Deed Restrictions, Golf Carts OK, Pool
  • Association Amenities: Clubhouse, Gated, Pool, Tennis Court(s)
  • Association Fee: 114
  • Association Fee Frequency: Monthly
  • Association Name: Jim Day
  • Association: Yes
  • Senior Community: Yes
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Pet Restrictions: Must be on leash - clean up waste
  • Association Fee Requirement: Required
  • Pet Size: Small (16-35 Lbs.)

Fee Information

  • Total Annual Fees: 1368.00
  • Total Monthly Fees: 114.00
  • Monthly HOA Amount: 114.00

Lot Info

  • Zoning: B2
  • Parcel Number: 35773-006-09
  • Additional Parcels: No
  • Lot Dimensions: 84x124
  • Flood Zone Code: X
  • Homestead YN: 1
  • Lot Size Square Meters: 971

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Breed Restrictions, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Minimum Lease

Tax Info

  • Tax Annual Amount: 742.72
  • Tax Block: F
  • Tax Book Number: Y-049PALM
  • Tax Lot: 9

Multi Family

  • Approval Process: No approval

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2023
Closed on
May 20, 2024
Sold by
Conners Kathleen D
Bought by
Holland Benjamin H and Holland Dana L
Seller's Agent
Sandy Sanborn
RE/MAX FOXFIRE - HWY200/103 S
Buyer's Agent
Kim Hagan
RE/MAX FOXFIRE - HWY 40
List Price
$215,000
Sold Price
$205,000
Premium/Discount to List
-$10,000
-4.65%
Views
298
Current Estimated Value
$188,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,005
Avg. Annual Appreciation
-5.89%
Original Mortgage
$201,286
Outstanding Balance
$198,756
Interest Rate
7.1%
Mortgage Type
FHA
Estimated Equity
-$9,761

Purchase Details

Closed on
May 16, 2016
Sold by
Dressler Catherine I and Dressler Alvin D
Bought by
Dressler Catherine I and Price Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.57%

Purchase Details

Closed on
Jul 19, 2006
Sold by
Maybaum Russell Dean and Maybaum Alberta J
Bought by
Connors Daniel A and Connors Kathleen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 2005
Sold by
Maybaum Alberta J
Bought by
Maybaum Russell Dean and Maybaum Alberta J
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
Holland Benjamin H $205,000 Ocala Land Title
Holland Benjamin H $205,000 Ocala Land Title
Dressler Catherine I $100 --
Connors Daniel A $135,000 Advance Homestead Title Inc
Maybaum Russell Dean -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holland Benjamin H $201,286
Closed Holland Benjamin H $201,286
Previous Owner Dressler Catherine I --
Previous Owner Connors Daniel A $37,309
Previous Owner Connors Daniel A $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2024 05/21/24 Sold $205,000 0.0% $152 / Sq Ft
04/06/2024 04/06/24 Pending -- -- --
02/16/2024 02/16/24 Price Changed $205,000 -4.7% $152 / Sq Ft
02/16/2024 02/16/24 For Sale $215,000 0.0% $159 / Sq Ft
02/15/2024 02/15/24 Pending -- -- --
01/23/2024 01/23/24 Price Changed $215,000 -4.4% $159 / Sq Ft
12/29/2023 12/29/23 Price Changed $224,900 -4.3% $167 / Sq Ft
11/14/2023 11/14/23 Price Changed $235,000 -6.0% $174 / Sq Ft
11/14/2023 11/14/23 For Sale $250,000 -- $185 / 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
2024 $3,041 $175,196 $44,000 $131,196
2023 $756 $59,253 $0 $0
2022 $743 $57,527 $0 $0
2021 $748 $55,851 $0 $0
2020 $747 $55,080 $0 $0
2019 $743 $53,842 $0 $0
2018 $715 $52,838 $0 $0
2017 $708 $51,751 $0 $0
2016 $685 $50,687 $0 $0
2015 $683 $50,335 $0 $0
2014 $658 $49,936 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: OM668041

Stellar MLS

APN: 35773-006-09