by Global Lifestyle Properties

See Home Value
$263,000
● House - Off Market

5 Silver TERRACE

OCALA, FL 34472
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,421 Ft²
$1,369
Est. Monthly
10.70%
Cap Rate

About This Property

PRICE DROP for budget conscious families. Come see this charming, inviting and cozy home. It is located on a peaceful cul-de-sac in a quiet neighborhood, offering a serene and welcoming atmosphere. Quaint 3 bedroom, 2 bathroom home, which features updated kitchen cabinets and bathroom vanities. The bedrooms have newer carpeting, providing a comfortable and soft flooring option for those spaces.  A freshly painted interior and exterior.  A fenced backyard provides a safe and secluded space for outdoor activities, gardening, or simply unwinding in your personal retreat. One of the highlights of this home is the enclosed backyard porch. It's a perfect spot to enjoy the outdoors while being sheltered from the elements. Imagine sipping your morning coffee while taking in the gorgeous backyard view. A large garage is an added bonus, providing ample space for parking and storage.  One of the essential updates is the new roof and gutters installed in 2023, which adds to the long-term value and functionality of the home.  The property is conveniently located close to major roads, making your daily commute easier. It's also near shopping, restaurants, and the Country Club at Silver Springs Shores, offering a range of entertainment and dining options. This inviting and comfortable home is a rare find, offering the perfect blend of modern convenience and a peaceful, charming ambiance. Don't miss the opportunity to make it your own.
Unit Size
1,421 Ft²
Days on Market
287 days
Land Size
0.27 acres
Price per sqft
$185
Property Type
House
Property Taxes
$77
HOA Dues
-
Year Built
1974

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Last updated: 3 years ago (Stellar MLS #O6149273)

Price History

Date / Event Date Event Price
Jul 27, 2024 Sold
Sold
Jun 9, 2024 In contract -
In contract
May 23, 2024 Price Decreased $263,000
↓ $6K (2.2%)
Price Decreased
Mar 8, 2024 Price Decreased $269,000
↓ $6K (2.2%)
Price Decreased
Jan 27, 2024 Price Decreased $274,999
↓ $5K (1.8%)
Price Decreased
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Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 4
  • Building Quality: 10
  • 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: 638
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 111
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,761
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 940
  • Total Building Area: 2,059
  • Gross Building Area: 2,314
  • Building Area: 1,421
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 8
  • Heated Square Feet: 1,421
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SILVER SPRINGS SHORES
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: SEC 15 TWP 16 RGE 23 PLAT BOOK J PAGE 119 SILVER SPRINGS SHORES UNIT 1 BLK 32 LOT 25

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 001211

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 254
  • Parcel: 9001-0032-25
  • Block: 32
  • Lot: 25
  • Meridian: SEC 15 TWN 16S RNG 23E
  • Municipality: SSS
  • Latitude: 29.101
  • Longitude: -82.0005

    Address

  • Full Address: 5 Silver Ter
  • Address - House Number: 5
  • Address - Street Name: Silver
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Ocala
  • Carrier Code: R021
  • 4-Digit Zip Code: 2305
  • Zip Code: 34472

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $384,335
  • Tax Rate Code Area: 7011

    Appraisal Valuation

  • Standard Deviation: 0.1005
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 90
  • Final Value: 273,965
  • High Value: 301,500
  • Low Value: 246,429

    Market Valuation

  • Market Total Value: $186,326
  • Market Land Value: $25,000
  • Market Improvement Value: $161,326

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $186,326
  • Assessed Land Value: $25,000
  • Assessed Improvements Value: $161,326

    Sales

  • Current Sale Contract Date: Mar 23, 2023
  • Current Sale Recording Date: Mar 24, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 36342
  • Previous Sale Recording Date: Dec 20, 2022
  • Previous Sale Contract Date: Dec 20, 2022
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Silver Springs Shores


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 259 Hickory Course Radial, OCALA, FL, 34472

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,670 ft²
259 Hickory Course Radial, OCALA, FL, 34472 Listing by Jennifer Arango


Frequently Asked Questions

When was property at 5 Silver Terrace built and last sold?
The property at 5 Silver Terrace was built in 1974 and last sold on Mar 23, 2023 for $225,000.
How much is this home worth?
The estimated value of the home located at 5 Silver Terrace is $260,452.
What are some comparable homes to 5 Silver Terrace?
There are currently no comparable homes to 5 Silver Terrace.