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Ocala 34471
220 SE 45th TERRACE
$375,000
● House - Off Market

220 SE 45th TERRACE

OCALA, FL 34471
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,768 Ft²
$486,388
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Welcome home to this wonderful 2768 living square foot home featuring 5 bedrooms, 2 1/2 bathrooms, living room, dining room, kitchen, two car garage, and gorgeous pool to enjoy those hot Florida summers. All this and close to schools, park, shopping and major roads and located in Ocala's desirable Stonewood Estates subdivision.
Unit Size
2,768 Ft²
Days on Market
24 days
Land Size
0.71 acres
Price per sqft
$154
Property Type
House
Property Taxes
$243
HOA Dues
-
Year Built
1979

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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 #OM623697)

Price History

Date / Event Date Event Price
Sep 1, 2023 Sold
Premium
Sold
Jul 29, 2023 Listed by HEARTLAND REAL ESTATE SERVICES $499,900
Listed by HEARTLAND REAL ESTATE SERVICES
Aug 17, 2021 Sold
Premium
Sold
Jul 16, 2021 Listed by HEARTLAND REAL ESTATE SERVICES $425,000
Listed by HEARTLAND REAL ESTATE SERVICES
Jan 21, 2016 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 4
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 10
  • Exterior Walls Type: 23
  • 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: 1
  • Garage Square Area: 650
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 111
  • Pool Type: 4

    Dimensions

  • Lot Size Square Feet: 30,928
  • Lot Size Depth Feet: 2,180
  • Lot Size Frontage Feet: 1,420
  • Total Building Area: 3,418
  • Gross Building Area: 5,606
  • Building Area: 2,768
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,768
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STONEWOOD ESTATE
  • Land Acres: 0000000710
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: SEC 14 TWP 15 RGE 22 PLAT BOOK S PAGE 023 STONEWOOD ESTATES BLK D LOT 7

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 002202

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 213
  • Parcel: 2779-004-007
  • Block: D
  • Lot: 7
  • Meridian: SEC 14 TWN 15S RNG 22E
  • Municipality: OCALA
  • Latitude: 29.1844
  • Longitude: -82.0726

    Address

  • Full Address: 220 Se 45th Ter
  • Address - House Number: 220
  • Street Direction: SE
  • Address - Street Name: 45th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Ocala
  • Carrier Code: C024
  • 4-Digit Zip Code: 3225
  • Zip Code: 34471

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $689,583
  • Tax Rate Code Area: 1001

    Appraisal Valuation

  • Standard Deviation: 0.2305
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 68
  • Final Value: 472,005
  • High Value: 580,833
  • Low Value: 363,176

    Market Valuation

  • Market Total Value: $367,613
  • Market Land Value: $61,912
  • Market Improvement Value: $305,701

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $367,613
  • Assessed Land Value: $61,912
  • Assessed Improvements Value: $305,701

    Sales

  • Current Sale Contract Date: Aug 31, 2023
  • Current Sale Recording Date: Sep 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 113187
  • Previous Sale Recording Date: Aug 17, 2021
  • Previous Sale Contract Date: Aug 09, 2021
  • 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:

$281,550

Sale Price/ft²

$163

Below Asking

0.03%

Average Days on Market

80

Average Home Size

1953 ft²

Average Home Age

36.8 years

Currently For Sale

521 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

Rentals Near You

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STELLAR

Listed by: Jennifer Hay
HEARTLAND REAL ESTATE SERVICES
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OM623697
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 220 Southeast 45th Terrace built and last sold?
The property at 220 Southeast 45th Terrace was built in 1979 and last sold on Aug 31, 2023 for $515,000.
How much is this home worth?
The estimated value of the home located at 220 Southeast 45th Terrace is $0.
What are some comparable homes to 220 Southeast 45th Terrace?
There are currently no comparable homes to 220 Southeast 45th Terrace.
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