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Ocala 34470
4716 NE 7th STREET
$263,000
● House - Off Market

4716 NE 7th STREET

OCALA, FL 34470
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,344 Ft²
$1,411
Est. Monthly
7.68%
Cap Rate

About This Property

Don't miss your chance on this beautifully updated Ranch style 3/2/2 home; perfectly situated close to downtown Ocala. When you walk in the front door you enter the open living room, dining room combo. Down the hall to the right you will see the 3 bedrooms and 2 bathrooms as well as storage closets. Off of the dining room is the spacious Kitchen and oversized indoor laundry room. Enjoy your morning coffee on your screened in patio while you look onto your fully fenced in back yard. In the garage you will find a large storage closet and utility closet. New Roof installed in Aug 2024, A/C installed in Aug 2019.
Unit Size
1,344 Ft²
Days on Market
64 days
Land Size
0.37 acres
Price per sqft
$192
Property Type
House
Property Taxes
$147
HOA Dues
-
Year Built
1984

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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 #OM687100)

Price History

Date / Event Date Event Price
Dec 20, 2024 Sold
Premium
Sold
Nov 22, 2024 In contract -
In contract
Oct 17, 2024 Listed by ROBERT SLACK LLC $257,500
Listed by ROBERT SLACK LLC
Sep 24, 2018 Sold
Premium
Sold
Apr 5, 2018 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 4
  • Building Quality: 7
  • 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: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 690
  • Parking Space Count: 2
  • Patio Type: 92
  • Porch Type: 111
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,117
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,034
  • Gross Building Area: 2,258
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LEONARDO ESTATE
  • Land Acres: 0000000370
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: SEC 13 TWP 15 RGE 22 PLAT BOOK K PAGE 040 LEONARDO ESTATES BLK 1 LOT 2

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 213
  • Parcel: 2742-001-002
  • Block: 1
  • Lot: 2
  • Meridian: SEC 13 TWN 15S RNG 22E
  • Municipality: OCALA
  • Latitude: 29.1934
  • Longitude: -82.0699

    Address

  • Full Address: 4716 Ne 7th St
  • Address - House Number: 4716
  • Street Direction: NE
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Ocala
  • Carrier Code: R008
  • 4-Digit Zip Code: 1150
  • Zip Code: 34470

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $175,932
  • Tax Rate Code Area: 1001

    Appraisal Valuation

  • Standard Deviation: 0.2421
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 66
  • Final Value: 259,583
  • High Value: 322,444
  • Low Value: 196,722

    Market Valuation

  • Market Total Value: $194,133
  • Market Land Value: $45,000
  • Market Improvement Value: $149,133

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $123,328

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 21, 2018
  • Current Sale Recording Date: Sep 24, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018093083
  • Previous Sale Recording Date: Apr 05, 2018
  • Previous Sale Contract Date: Apr 04, 2018
  • Previous Sale Amount: $130,000
  • 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:

$282,990

Sale Price/ft²

$163

Below Asking

0.03%

Average Days on Market

88

Average Home Size

1985 ft²

Average Home Age

37.7 years

Currently For Sale

379 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

$2,000 /mo

  • 4 Beds
  • 2 Baths
  • 1,421 ft²
3246 Ne 7th Lane, OCALA, FL, 34470 Listing by Lo Laurore
Unit for rent at 4901 Ne 7th Street, OCALA, FL, 34470

$2,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,777 ft²
4901 Ne 7th Street, OCALA, FL, 34470 Listing by Michael Maakar

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Tiffany Howard
ROBERT SLACK LLC
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# OM687100
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 4716 Northeast 7th Street built and last sold?
The property at 4716 Northeast 7th Street was built in 1984 and last sold on Sep 21, 2018 for $155,000.
How much is this home worth?
The estimated value of the home located at 4716 Northeast 7th Street is $0.
What are some comparable homes to 4716 Northeast 7th Street?
There are currently no comparable homes to 4716 Northeast 7th Street.
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