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Marion 34491
2997 SE 140TH PLACE
$295,000
● House - Off Market

2997 SE 140TH PLACE

SUMMERFIELD, FL 34491
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,752 Ft²
$1,700
Est. Monthly
7.55%
Cap Rate

About This Property

**Beautiful 2020-built home in Summerfield!** This spacious 4-bedroom, 2-bath split floor plan offers modern living with LVP flooring throughout-no carpet! Enjoy an open-concept layout perfect for entertaining, plus a fully fenced front and backyard-ideal for pets, play, or privacy. The kitchen offers plenty of storage and counter space, and the home is USDA eligible, making it a great opportunity for qualified buyers. Conveniently located near shopping, dining, and just minutes to The Villages, Ocala, and Belleview.
Unit Size
1,752 Ft²
Days on Market
41 days
Land Size
0.39 acres
Price per sqft
$166
Property Type
House
Property Taxes
$276
HOA Dues
-
Year Built
2020

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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 #OM707473)

Price History

Date / Event Date Event Price
Sep 23, 2025 Sold
Premium
Sold
Aug 21, 2025 In contract -
In contract
Aug 13, 2025 Listed by MAGNOLIA HOMES AND LAND LLC $290,000
Listed by MAGNOLIA HOMES AND LAND LLC
Dec 11, 2023 Sold
Premium
Sold
Nov 2, 2023 In contract -
In contract
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 10
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • 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: 504
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,988
  • Lot Size Depth Feet: 1,360
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 2,148
  • Gross Building Area: 2,273
  • Building Area: 1,644
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 8
  • Heated Square Feet: 1,644
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BELLEVIEW HEIGHTS ESTATE
  • Land Acres: 0000000390
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 00
  • Legal Description 1: SEC 15 TWP 17 RGE 22 PLAT BOOK G PAGE 021 BELLEVIEW HEIGHTS ESTATES UNIT 17 BLK 193 LOTS 40.41.42.43.44

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 000903

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 202
  • Parcel: 4217-193-040
  • Block: 193
  • Lot: 4
  • Meridian: SEC 15 TWN 17S RNG 22E
  • Municipality: COUNTY - SJRWMD-OR
  • Latitude: 29.0183
  • Longitude: -82.096

    Address

  • Full Address: 2997 Se 140th Pl
  • Address - House Number: 2997
  • Street Direction: SE
  • Address - Street Name: 140th
  • Address - Suffix Type: Pl
  • State: FL
  • City Name: Summerfield
  • Carrier Code: R004
  • 4-Digit Zip Code: 2876
  • Zip Code: 34491

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $279,879
  • Tax Rate Code Area: 9001

    Appraisal Valuation

  • Standard Deviation: 0.1005
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 90
  • Final Value: 267,652
  • High Value: 294,554
  • Low Value: 240,751

    Market Valuation

  • Market Total Value: $269,328
  • Market Land Value: $18,187
  • Market Improvement Value: $251,141

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $198,421

    Sales

  • Current Sale Contract Date: Dec 08, 2023
  • Current Sale Recording Date: Dec 11, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 157568
  • Previous Sale Recording Date: Sep 25, 2020
  • Previous Sale Contract Date: Sep 24, 2020
  • Previous Sale Amount: $174,900
  • 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:

$287,990

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

5297 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: Jessica Baker
MAGNOLIA HOMES AND LAND LLC
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# OM707473
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 2997 Southeast 140th Place built and last sold?
The property at 2997 Southeast 140th Place was built in 2020 and last sold on Dec 8, 2023 for $275,000.
How much is this home worth?
The estimated value of the home located at 2997 Southeast 140th Place is $0.
What are some comparable homes to 2997 Southeast 140th Place?
There are currently no comparable homes to 2997 Southeast 140th Place.
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