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Marion 32686
11289 W Highway 316
$410,000
● House - Off Market

11289 W Highway 316

REDDICK, FL 32686
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$476,670
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Beautiful working mini farm on over 5 acres in prime location, perfect for your horses. Great location and easy access from Williston, Ocala, and World Equestrian Center. 6 Interior stalls each with power in center aisle barn, with built-in fly spray machine. Separate exterior stalls. Wash rack, tack room, hay storage, and equipment storage. 30 amp RV hookup included. The property boasts 4 separate paddocks, and with water to all, with riding arena area. The whole farm is fenced and cross-fenced. New mobile home in 2020 with covered front porch and  beamed ceilings. This is a working horse farm, and a great opportunity to move to a highly sought after location!
Unit Size
1,800 Ft²
Days on Market
104 days
Land Size
5.04 acres
Price per sqft
$233
Property Type
House
Property Taxes
$49
HOA Dues
-
Year Built
2020

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Stellar MLS #OM621045)

Price History

Date / Event Date Event Price
Sep 15, 2021 Sold
Premium
Sold
May 28, 2021 Listed by KELLER WILLIAMS CORNERSTONE RE $419,900
Listed by KELLER WILLIAMS CORNERSTONE RE
Nov 19, 2012 Sold
Premium
Sold
May 14, 2012 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 4
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 11
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 111
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 219,542
  • Lot Size Depth Feet: 6,540
  • Lot Size Frontage Feet: 3,360
  • Total Building Area: 1,740
  • Gross Building Area: 1,764
  • Building Area: 1,740
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 8
  • Heated Square Feet: 1,740
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLING OAKS MINI RANCHES
  • Land Acres: 0000005040
  • Standard Land Use Code: 1006
  • County Land Use Code: 0200
  • State Land Use Code: 002
  • Mobile Home Indicator: T
  • Legal Description 1: SEC 09 TWP 13 RGE 20 PLAT BOOK L PAGE 098 ROLLING OAKS MINI RANCHES LOT 22

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 000102

Zoning

  • Zoning: A1

Geography

  • Assessors Map Reference: MAP 85
  • Parcel: 05867-022-00
  • Lot: 22
  • Meridian: SEC 9 TWN 13S RNG 20E
  • Municipality: COUNTY - SWFWMD-WR
  • Latitude: 29.3643
  • Longitude: -82.3106

    Address

  • Full Address: 11289 W Highway 316
  • Address - House Number: 11289
  • Street Direction: W
  • Address - Street Name: Highway 316
  • State: FL
  • City Name: Reddick
  • Carrier Code: R001
  • 4-Digit Zip Code: 2913
  • Zip Code: 32686

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $467,681
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 9002

    Appraisal Valuation

  • Standard Deviation: 0.213
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 70
  • Final Value: 421,116
  • High Value: 510,850
  • Low Value: 331,382

    Market Valuation

  • Market Total Value: $322,545
  • Market Land Value: $60,480
  • Market Improvement Value: $262,065

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $243,368

    Sales

  • Current Sale Contract Date: Sep 09, 2021
  • Current Sale Recording Date: Sep 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021126981
  • Previous Sale Recording Date: Nov 19, 2012
  • Previous Sale Contract Date: Nov 15, 2012
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Marion

Stats & Trends

Median Asking:

$287,500

Sale Price/ft²

$175

Below Asking

0.03%

Average Days on Market

82

Average Home Size

1874 ft²

Average Home Age

21.2 years

Currently For Sale

5259 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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STELLAR

Listed by: Marco Mariti
KELLER WILLIAMS CORNERSTONE RE
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OM621045
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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 11289 West Highway 316 built and last sold?
The property at 11289 West Highway 316 was built in 2020 and last sold on Sep 9, 2021 for $410,000.
How much is this home worth?
The estimated value of the home located at 11289 West Highway 316 is $0.
What are some comparable homes to 11289 West Highway 316?
There are currently no comparable homes to 11289 West Highway 316.
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