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Ocala 34470
3041 NE 42 ROAD
$399,000
● House - Off Market

3041 NE 42 ROAD

OCALA, FL 34470
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,807 Ft²
$2,276
Est. Monthly
8.67%
Cap Rate

About This Property

This two-story home offers a spacious open-concept design ideal for hosting and family gatherings. The main level features an expansive kitchen and living room combo, complemented by a convenient half bath. The private owner's suite, also located on the first floor, includes a well-appointed ensuite bathroom. Upstairs, you'll find three additional bedrooms sharing a second bathroom, plus a sizable loft that adds versatility to the space. The laundry room is conveniently located on this level. The backyard is thoughtfully divided by a maintenance-free vinyl fence. One side is perfect for storing trailers or boats with a large storage shed, while the other side provides a great space for summer entertaining. Don't miss out-call today for your private showing!
Unit Size
2,807 Ft²
Days on Market
100 days
Land Size
0.25 acres
Price per sqft
$142
Property Type
House
Property Taxes
$317
HOA Dues
-
Year Built
2019

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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 #GC525026)

Price History

Date / Event Date Event Price
Dec 26, 2024 Sold
Premium
Sold
Dec 9, 2024 In contract -
In contract
Sep 17, 2024 Listed by VANBEEK REALTY, LLC $399,000
Listed by VANBEEK REALTY, LLC
Apr 29, 2019 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • 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: 175
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 466
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,220
  • Lot Size Frontage Feet: 880
  • Total Building Area: 2,014
  • Gross Building Area: 3,555
  • Building Area: 2,910
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 8
  • Heated Square Feet: 2,910
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAK HILL PLANTATION PHASE 1
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 00
  • Legal Description 1: SEC 02 TWP 15 RGE 22 PLAT BOOK 010 PAGE 066 OAK HILL PLANTATION PHASE 1 BLK I LOT 15

Neighborhood

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

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: MAP 212
  • Parcel: 24244-009-15
  • Block: I
  • Lot: 15
  • Meridian: SEC 2 TWN 15S RNG 22E
  • Municipality: OCALA
  • Latitude: 29.2179
  • Longitude: -82.0771

    Address

  • Full Address: 3041 Ne 42nd Rd
  • Address - House Number: 3041
  • Street Direction: NE
  • Address - Street Name: 42nd
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Ocala
  • Carrier Code: R023
  • 4-Digit Zip Code: 3371
  • Zip Code: 34470

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $379,979
  • Tax Rate Code Area: 1001

    Appraisal Valuation

  • Standard Deviation: 0.2228
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 69
  • Final Value: 430,735
  • High Value: 526,744
  • Low Value: 334,725

    Market Valuation

  • Market Total Value: $365,242
  • Market Land Value: $25,000
  • Market Improvement Value: $340,242

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $231,773

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 26, 2019
  • Current Sale Recording Date: Apr 29, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2019042532
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:

$284,095

Sale Price/ft²

$163

Below Asking

0.03%

Average Days on Market

81

Average Home Size

1940 ft²

Average Home Age

37.7 years

Currently For Sale

558 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: Julie VanBeek
VANBEEK REALTY, LLC
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# GC525026
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 3041 Northeast 42nd Road built and last sold?
The property at 3041 Northeast 42nd Road was built in 2019 and last sold on Apr 26, 2019 for $216,990.
How much is this home worth?
The estimated value of the home located at 3041 Northeast 42nd Road is $402,990.
What are some comparable homes to 3041 Northeast 42nd Road?
There are currently no comparable homes to 3041 Northeast 42nd Road.
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