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Marion
489 Sequoia DRIVE
$200,000
● Land - Off Market

489 Sequoia DRIVE

OCKLAWAHA, FL 32179
bedrooms
Studio
bathrooms
0 Bath
$1,445
Est. Monthly
4.81%
Cap Rate

About This Property

Incredible opportunity! Total of 24.25 acres on Lake Pendarvis a beautiful spring fed lake near Moss Bluff. 100 acre lake for swimming, fishing, and boating. Zoned A-1. 23.79 acre main parcel plus 3 additonal .23 acres each. Engineering already done to run power to the property. There are currently 2 access points to the main parcel. Cleared area ready for building! Don't miss out!
Unit Size
-
Days on Market
108 days
Land Size
24.25 acres
Price per sqft
-
Property Type
Land
Property Taxes
$119
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: 3 years ago (Stellar MLS #OM676603)

Price History

Date / Event Date Event Price
Aug 2, 2024 Sold
Premium
Sold
Jul 9, 2024 In contract -
In contract
Apr 16, 2024 Listed by FONTANA REALTY EAST OCALA $269,900
Listed by FONTANA REALTY EAST OCALA
Mar 24, 2021 Sold
Premium
Sold
Jul 27, 2007 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • 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: 1,026,274
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,090
  • 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: 0000023560
  • Standard Land Use Code: 8000
  • County Land Use Code: 9902
  • State Land Use Code: 099
  • Legal Description 1: SEC 26 TWP 16 RGE 24 COM AT THE PRM NO 416 AS SHOWN ON PLAT OF SILVER SPRINGS SHORES UNIT 44 (J-370) TH N 82-12-39 W 364.83 FT TO A PT BEING ON A CURVE CONCAVE NLY HAVING A CENTRAL ANGLE OF 52-28-08 A RADIUS OF 650 FT A CHORD BEARING & DISTANCE OF N

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 000704

Zoning

  • Zoning: A1

Geography

  • Assessors Map Reference: MAP 331
  • Parcel: 39740-002-06
  • Meridian: SEC 26 TWN 16S RNG 24E
  • Municipality: COUNTY - SJRWMD-OR
  • Latitude: 29.0694
  • Longitude: -81.8792

    Address

  • Full Address: 489 Sequoia Dr
  • Address - House Number: 489
  • Address - Street Name: Sequoia
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Ocklawaha
  • Carrier Code: R005
  • 4-Digit Zip Code: 4302
  • Zip Code: 32179

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $138,813
  • Tax Rate Code Area: 9001

    Market Valuation

  • Market Total Value: $86,665
  • Market Land Value: $85,856
  • Market Improvement Value: $809

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $86,665
  • Assessed Land Value: $85,856
  • Assessed Improvements Value: $809

    Sales

  • Current Sale Contract Date: Mar 23, 2021
  • Current Sale Recording Date: Mar 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021038176
  • Previous Sale Recording Date: Jul 27, 2007
  • Previous Sale Contract Date: Jul 20, 2007
  • Previous Sale Amount: $299,000
  • 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 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

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STELLAR

Listed by: Javier Rojas
FONTANA REALTY EAST OCALA
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OM676603
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 489 Sequoia Drive built and last sold?
The property at 489 Sequoia Drive was built in and last sold on Mar 23, 2021 for $170,000.
How much is this home worth?
The estimated value of the home located at 489 Sequoia Drive is $0.
What are some comparable homes to 489 Sequoia Drive?
There are currently no comparable homes to 489 Sequoia Drive.
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