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Ocala 34470
1857 NE 40TH CIRCLE
$355,000
● House - Off Market

1857 NE 40TH CIRCLE

OCALA, FL 34470
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,167 Ft²
$2,241
Est. Monthly
4.30%
Cap Rate

About This Property

WOW! This 3/2 pool home has it all.  Incredible Space.  Open Floor Plan.  Attached Garage.  A perfectly planned-out kitchen space.  The pool was redone in 2022.  If you love pools, don't miss out.  It is fantastic.  Fenced-in backyard. Too many other details to list.  Turnkey ready for you to make it your own. Set up a showing today.
Unit Size
2,167 Ft²
Days on Market
130 days
Land Size
0.67 acres
Price per sqft
$171
Property Type
House
Property Taxes
$424
HOA Dues
-
Year Built
1968

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 2 years ago (Stellar MLS #OM689065)

Price History

Date / Event Date Event Price
Mar 21, 2025 Sold
Premium
Sold
Feb 25, 2025 In contract -
In contract
Feb 20, 2025 Relisted $370,000
Relisted
Feb 12, 2025 In contract -
In contract
Jan 25, 2025 Price Decreased $370,000
↓ $20K (5.1%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 4
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 10
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 11
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 102
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 29,185
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 2,110
  • Total Building Area: 2,545
  • Gross Building Area: 3,394
  • Building Area: 2,017
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,017
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SILVER PINES REVISED
  • Land Acres: 0000000670
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: SEC 11 TWP 15 RGE 22 PLAT BOOK G PAGE 048 SILVER PINES REVISED BLK D LOT 10

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 001403

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 212
  • Parcel: 2727-004-010
  • Block: D
  • Lot: 10
  • Meridian: SEC 11 TWN 15S RNG 22E
  • Municipality: OCALA
  • Latitude: 29.2066
  • Longitude: -82.08

    Address

  • Full Address: 1857 Ne 40th Cir
  • Address - House Number: 1857
  • Street Direction: NE
  • Address - Street Name: 40th
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Ocala
  • Carrier Code: R023
  • 4-Digit Zip Code: 5039
  • Zip Code: 34470

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $530,241
  • Tax Rate Code Area: 1001

    Appraisal Valuation

  • Standard Deviation: 0.2421
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 66
  • Final Value: 310,383
  • High Value: 385,546
  • Low Value: 235,221

    Market Valuation

  • Market Total Value: $281,768
  • Market Land Value: $29,185
  • Market Improvement Value: $252,583

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $281,768
  • Assessed Land Value: $29,185
  • Assessed Improvements Value: $252,583

    Sales

  • Current Sale Contract Date: May 19, 2023
  • Current Sale Recording Date: May 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 66252
  • Previous Sale Recording Date: Jul 05, 2022
  • Previous Sale Contract Date: Jun 21, 2022
  • Previous Sale Amount: $375,000
  • 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 Ocala

Stats & Trends

Median Asking:

$281,219

Sale Price/ft²

$164

Below Asking

0.03%

Average Days on Market

81

Average Home Size

1965 ft²

Average Home Age

36.3 years

Currently For Sale

517 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

Unit for rent at 3246 Ne 7th Lane, OCALA, FL, 34470

$1,850 /mo

  • 4 Beds
  • 2 Baths
  • 1,421 ft²
3246 Ne 7th Lane, OCALA, FL, 34470 Listing by Lo Laurore
Unit for rent at 3784 Ne 32nd Court, OCALA, FL, 34479

$1,950 /mo

  • 3 Beds
  • 2 Baths
  • 1,429 ft²
3784 Ne 32nd Court, OCALA, FL, 34479 Listing by Jennifer Arango

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: John Roberts
ROBERTS REAL ESTATE INC
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# OM689065
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 1857 Northeast 40th Circle built and last sold?
The property at 1857 Northeast 40th Circle was built in 1968 and last sold on May 19, 2023 for $308,900.
How much is this home worth?
The estimated value of the home located at 1857 Northeast 40th Circle is $0.
What are some comparable homes to 1857 Northeast 40th Circle?
There are currently no comparable homes to 1857 Northeast 40th Circle.
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