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Marion 34472
281 LOCUST PASS
$263,000
● House - Off Market

281 LOCUST PASS

OCALA, FL 34472
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,473 Ft²
$1,371
Est. Monthly
11.35%
Cap Rate

About This Property

Beautifully constructed , BUILT 2024, this dream home with covered foyer entry, luxury plank tiled flooring throughout is move in ready. Large open floorplan gives way to a custom luxury kitchen with quartz counters, stainless appliances, center island which is just perfect for a quick bite or morning coffee, storage pantry and custom cabinets. When it's time to relax, kick back and enjoy your oversized primary suite with walk in closets and a spa like bathroom with gorgeous tiled shower, dual vanities, private water closet. French doors lead out to the covered lanai. Minutes from Ocala and close to shopping and restaurants.
Unit Size
1,473 Ft²
Days on Market
262 days
Land Size
0.32 acres
Price per sqft
$183
Property Type
House
Property Taxes
$45
HOA Dues
-
Year Built
-

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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 #OM691408)

Price History

Date / Event Date Event Price
Sep 4, 2025 Sold
Premium
Sold
Aug 7, 2025 In contract -
In contract
Jul 22, 2025 Price Decreased $269,900
↓ $4K (1.5%)
Price Decreased
Jul 1, 2025 Price Decreased $274,000
↓ $900 (0.3%)
Price Decreased
Feb 5, 2025 Price Decreased $274,900
↓ $5K (1.8%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 870
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: SILVER SPRINGS SHORES
  • Land Acres: 0000000320
  • Standard Land Use Code: 8001
  • County Land Use Code: 0001
  • State Land Use Code: 00
  • Legal Description 1: SEC 24 TWP 16 RGE 23 PLAT BOOK J PAGE 294 SILVER SPRINGS SHORES UNIT 33 BLK 1075 LOT 7

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 001210

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 273
  • Parcel: 9033-1075-07
  • Block: 1075
  • Lot: 7
  • Meridian: SEC 24 TWN 16S RNG 23E
  • Municipality: COUNTY - SJRWMD-OR
  • Latitude: 29.0804
  • Longitude: -81.9701

    Address

  • Full Address: 281 Locust Pass
  • Address - House Number: 281
  • Address - Street Name: Locust
  • Address - Suffix Type: Pass
  • State: FL
  • City Name: Ocala
  • Carrier Code: R047
  • 4-Digit Zip Code: 6639
  • Zip Code: 34472

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $53,247
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 9001

    Market Valuation

  • Market Total Value: $17,000
  • Market Land Value: $17,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,000
  • Assessed Land Value: $17,000

    Sales

  • Current Sale Contract Date: Apr 28, 2022
  • Current Sale Recording Date: May 03, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 65369
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:

$287,990

Sale Price/ft²

$175

Below Asking

0.03%

Average Days on Market

82

Average Home Size

1872 ft²

Average Home Age

21.4 years

Currently For Sale

5302 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

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Jorge Barreiro
TCT REALTY GROUP LLC
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# OM691408
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 281 Locust Pass built and last sold?
The property at 281 Locust Pass was built in and last sold on Apr 28, 2022 for $27,500.
How much is this home worth?
The estimated value of the home located at 281 Locust Pass is $0.
What are some comparable homes to 281 Locust Pass?
There are currently no comparable homes to 281 Locust Pass.
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