NOT LISTED FOR SALE

Ocala, FL 34481

Fellowship Neighborhood

Estimated Value: $176,000 - $640,000

12 Beds
8 Baths
4,000 Sq Ft
$85/Sq Ft Est. Value

Last Sold March 28, 2024

Last sale price $740,000 $185 Per Sq Ft

Current estimated payment $1,810/month

88 Days on Market

Highlights

  • 0.96 Acre Lot
  • High Ceiling
  • Eat-In Kitchen
  • Open Floorplan
  • No HOA
  • Solid Wood Cabinet

About This Home

As of March 2024

Great rental opportunity with no rental restrictions. 4 identical three bedroom two bath single family homes on individual parcels totaling approximately an acre. Located in a rural area on the same street in SW Ocala, close to Dunnellon and 10 miles to the World Equestrian Center. Built mid 2022 for low repair expenses. Available individually or as a package. Three units currently rented at $1600 per month each (1 month to month tenant, 1 lease end 4/24, one lease end 3/24). One unit vacant for ease of showing but have a wait list of tenants so it can be occupied and fully cash flowing at closing. Airbnb/Short term rentals allowed.

Last Agent to Sell the Property

Allison Penny

PRETTY PENNY PROPERTIES Brokerage Phone: 352-629-6883 License #696512 Listed on: 11/29/2023

Last Buyer's Agent

Joshua Carnes

OCALA PROPERTY MANAGEMENT License #3513979

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,842

Year Built

  • Built in 2022

Lot Details

  • 0.96 Acre Lot
  • Dirt Road
  • Additional Parcels

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 4,000 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Sliding Doors
  • Combination Dining and Living Room

Kitchen

  • Eat-In Kitchen
  • Solid Wood Cabinet

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Split Bedroom Floorplan
  • 8 Bathrooms

Outdoor Features

  • Private Mailbox

Schools

  • Dunnellon Elementary School
  • Dunnellon Middle School
  • Dunnellon High School

Utilities

  • Central Heating and Cooling System
  • Well
  • Aerobic Septic System
  • Private Sewer

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units
  • Rainbow Park Subdivision

Building Details

  • Gross Income $76,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,842

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 4000
  • Lot Size Acres: 0.96
  • New Construction: No
  • Year Built: 2022
  • Lot Size Sq Ft: 41904
  • Number Of Lots: 4
  • Tenant Pays: Electricity, Trash Collection
  • Directions to Property: SR 40 west to right (north) on SW 149th CT, then right on SW 150th Ct all the way to the end then left on SW 8th Place
  • Status: Sold
  • Street Direction: SW
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow City: Tampa
  • Escrow Postal Code: 33624
  • Escrow State: FL
  • Escrow Street Name: Erlich Rd
  • Escrow Street Number: 5121
  • List Office Head Office Key Nume: 1056432
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 185.00
  • Total Acreage: 1/2 to less than 1
  • Unit Number YN: 0
  • Water Access YN: 0
  • MFR_DockYN: 0
  • Attribution Contact: 352-629-6883
  • Tax Year: 2023
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Split Bedroom
  • Foundation Details: Slab
  • Total Bedrooms: 12
  • Street Number Modifier: 15238
  • ResoLivingAreaSource: Builder
  • Living Area Meters: 371.61

Exterior Features

  • Exterior Features: Private Mailbox, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Dirt
  • Disclosures: None
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Electricity Connected, Private
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Aerobic Septic
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0

Fee Information

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

Schools

  • Elementary School: Dunnellon Elementary School
  • High School: Dunnellon High School
  • Middle Or Junior School: Dunnellon Middle School

Lot Info

  • Zoning: R1
  • Parcel Number: 2004-234-013-10-09-12
  • Additional Parcels Description: 2004-234-10,2004-234-09,2004-234-012
  • Additional Parcels: Yes
  • Flood Zone Code: x
  • Lot Size Square Meters: 3893

Green Features

  • Green Verification Count: 0

Rental Info

  • Total Actual Rent: 6400
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: No lease restrictions

Multi Family

  • Gross Income: 76800
  • Number Of Units Total: 4
  • Approval Process: none
  • Total Num Buildings: 4
  • Unit Count: 4

Tax Info

  • Tax Annual Amount: 9842.32
  • Tax Block: 234 /9,
  • Tax Book Number: G Page 35
  • Tax Lot: 101213

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2023
Closed on
Mar 25, 2024
Sold by
Shah Neil S
Bought by
Birnbaum Gregg and Birnbaum Danielle
Seller's Agent
Allison Penny
PRETTY PENNY PROPERTIES
Buyer's Agent
Joshua Carnes
OCALA PROPERTY MANAGEMENT
List Price
$880,000
Sold Price
$740,000
Premium/Discount to List
-$140,000
-15.91%
Views
223
Current Estimated Value
$340,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$399,466
Avg. Annual Appreciation
-38.81%
Source: Public Records

Range of Values:

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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
Birnbaum Gregg $740,000 Nations Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/28/2024 03/28/24 Sold $740,000 -6.7% $185 / Sq Ft
02/26/2024 02/26/24 Pending -- -- --
01/09/2024 01/09/24 Price Changed $793,000 -3.3% $198 / Sq Ft
01/05/2024 01/05/24 Price Changed $820,000 -6.8% $205 / Sq Ft
11/29/2023 11/29/23 For Sale $880,000 0.0% $220 / Sq Ft
04/24/2023 04/24/23 Rented $1,600 0.0% --
12/07/2022 12/07/22 For Rent $1,600 0.0% --
08/04/2022 08/04/22 Under Contract -- -- --
06/23/2022 06/23/22 For Rent $1,600 0.0% --
05/13/2022 05/13/22 Sold $160,000 0.0% $160 / Sq Ft View Prior Sale
01/29/2022 01/29/22 Pending -- -- --
01/26/2022 01/26/22 For Sale $160,000 -- $160 / 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 $288 $139,641 $8,000 $131,641
2023 $288 $136,943 $7,700 $129,243
2022 $288 $3,927 $0 $0
2021 $74 $3,570 $3,570 $0
Source: Public Records

Agents Affiliated with this Home

  • Allison Penny

    Seller's Agent in 2024

    Allison Penny

    PRETTY PENNY PROPERTIES

    (352) 362-9222

    8 in this area

    72 Total Sales

    Allison Penny
    Section Image
  • Joshua Carnes

    Buyer's Agent in 2024

    Joshua Carnes

    OCALA PROPERTY MANAGEMENT

    (352) 233-7232

    6 in this area

    69 Total Sales

    Joshua Carnes
    Section Image
  • Kenneth Penny

    Seller's Agent in 2023

    Kenneth Penny

    PRETTY PENNY PROPERTIES

    (352) 804-7600

    7 in this area

    69 Total Sales

    Kenneth Penny
    Section Image
  • Alyson Aldana

    Seller's Agent in 2022

    Alyson Aldana

    ALDANA REALTY LLC

    (352) 266-8672

    57 in this area

    641 Total Sales

    Alyson Aldana
    Section Image
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Source: Stellar MLS

MLS Number: OM668740

Stellar MLS

APN: 2004-234-013

Florida Marion County Ocala 34481

Fellowship

This home since 29 November 2023 and is currently estimated at $340,534, approximately $85 per square foot. This property was built in 2022. This home is a home located in Marion County with nearby schools including Dunnellon Elementary School, Dunnellon Middle School, and Dunnellon 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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