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125 Northeast 1st Avenue

125 Northeast 1st Avenue, Ocala, FL 34470
Property in Ocala
Local assessors in Ocala, FL have categorized 125 Northeast 1st Avenue as a office type of property. The home was built in 1917 and is 107 years old. The property's lot size has been calculated to be 28,750 square feet. The linear feet between the front and back of the lot was measured at 2,310 ft and the front of the lot was measured at 1,240 ft. As for the restroom situation, there are 3 full bathrooms. There are also 8 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 125 Northeast 1st Avenue has a total of 27,729 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 125 Northeast 1st Avenue is a 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". Moving onto specific details regarding the building. Our sources show that the building condition is poor. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. Lots of block were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 125 Northeast 1st Avenue was last sold in Aug 9, 2019 for $145,000. According to our calculations, that's $8.64 per sqft. Prior to that sales transaction, the property was sold for $1,305,000 in Aug 9, 2019. Current property owners are expected to pay $35,709 in taxes per year. The property on 125 Northeast 1st Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,490,635. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1917
  • Effective Year Built: 1917
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 8
  • Full Bathrooms: 3
  • Partial Bathrooms: 8
  • Bathroom Plumbing Fixtures: 36
  • Building Condition: Poor
  • Building Quality: B
  • Construction Type: Masonry
  • Exterior Walls Type: Block
  • Floor Count: 2
  • Living Units: 1
  • Business/Commerical Units Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 28,750
  • Lot Size Depth Feet: 2,310
  • Lot Size Frontage Feet: 1,240
  • Total Building Area: 16,788
  • Gross Building Area: 28,599
  • Building Area: 28,599
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 27,729
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Office
  • Subdivision: OLD SURVEY OCALA
  • Land Acres: 0.66
  • Standard Land Use Code: Commercial office (general)
  • State Land Use Code: Possessory Interest (misc.)
  • Legal Description 1: SEC 17 TWP 15 RGE 22 PLAT BOOK E PAGE 002 OLD SURVEY OCALA N 124 FT OF BLK 63 ALSO BEING MORE PARTICULARY DESC AS: COM AT THE NW COR OF BLK 63 TH E 231 FT MOL TO THE NE THEREOF TH S 124.07 FT TH NWLY TO A PT ON THE W BNDY OF BLK THAT IS 123.70 FT S O

Ownership

  • Current Owner : SB DOWNTOWN LLC
  • Previous Owner : HAINES TIMOTHY D
  • Previous Owner 2: HAINES PATRICIA G
  • Owner Before Previous Owner: GREEN JOHN M
  • Owner Before Previous Owner 2: ACKERMAN BRYCE W
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 001900

Zoning

  • Zoning: FBC

Geography

  • Assessors Map Reference: MAP 179
  • Parcel: 2823-063-000
  • Block: 63
  • Lot: 45&46
  • Meridian: SEC 17 TWN 15S RNG 22E
  • Municipality: OCALA OCA-B
  • Latitude: 29.1884
  • Longitude: -82.1356

    Address

  • Full Address: 125 Ne 1st Ave
  • Address - House Number: 125
  • Street Direction: NE
  • Address - Street Name: 1st
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Ocala
  • Carrier Code: C002
  • 4-Digit Zip Code: 6652
  • Zip Code: 34470

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $35,709
  • Tax Rate Code Area: 1003

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,711,600
  • First Open Lien Mortgage Lender: COMMUNITY BANK & TRUST OF FLOR
  • First Open Lien Mortgage Recording Date: Aug 14, 2019
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $1,711,600
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Market Valuation

  • Market Total Value: $2,414,979
  • Market Land Value: $171,864
  • Market Improvement Value: $2,243,115

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,490,635

    Sales

  • Current Sale Contract Date: Aug 09, 2019
  • Current Sale Recording Date: Aug 14, 2019
  • Current Sale Transaction ID: 11637594555
  • Current Sale Price: $145,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019085152
  • Previous Sale Recording Date: Aug 14, 2019
  • Previous Sale Contract Date: Aug 09, 2019
  • Previous Sale Amount: $1,305,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: COMMUNITY BANK & TRUST OF FLOR
  • Previous Mortgage Transaction Date: Aug 14, 2019
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $1,711,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

About Ocala



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Frequently Asked Questions

What neighborhood is 125 Northeast 1st Avenue located in?
The 125 Northeast 1st Avenue is a located in the neighborhood of Ocala in Ocala, Ocala.
What is the average sales price for listings in 125 Northeast 1st Avenue?
The average sales price for units in 125 Northeast 1st Avenue is $0 currently.

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