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502 Northeast 45th Terrace

502 Northeast 45th Terrace, Ocala, FL 34470
Property in Ocala
Sold Feb 02, 2023
$300,000
$270,000 by Flat Branch Mortgage Inc
Mortgage Due Feb 01, 2053
Sold Jul 07, 2015
$118,500
$94,800 by Branch Banking And Trust Co
Mortgage Due Aug 01, 2045
502 Northeast 45th Terrace has been categorized by the local assessors in Ocala, FL as a residential type of property. The building on the property was first built in 1984 and is 40 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 502 Northeast 45th Terrace has 1,641 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 520 ft. The area measurement of the land has been determined as 5,227 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a modern style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 459 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Love to swim? You'll be excited to find out that there is a enclosed pool on the property. Moving on to the building itself. The condition of the building has been evaluated as poor. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a gable style roof made of fiberglass. The exterior walls of the building are made of concrete block. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 502 Northeast 45th Terrace sold most recently in Jan 31, 2023 for a total of $300,000. If you work out the math, that's approximately a cost of $142.86 per sqft. Before that, the property was also sold for $118,500 in Jul 2, 2015. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,884 in taxes each year. 502 Northeast 45th Terrace was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $127,547. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Poor
  • Building Quality: B
  • Building Style: Modern
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Fiberglass
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 459
  • Parking Space Count: 2
  • Pool Type: Enclosed pool

    Dimensions

  • Lot Size Square Feet: 5,227
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 520
  • Total Building Area: 2,100
  • Gross Building Area: 2,757
  • Building Area: 1,641
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,641
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STONEWOOD VILLAS
  • Land Acres: 0.12
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SEC 14 TWP 15 RGE 22 PLAT BOOK U PAGE 085 STONEWOOD VILLAS BLK D LOT 1 & S 6.93 FT OF LOT 2

Ownership

  • Current Owner : LANG JOSEPH
  • Current Owner 2: LANG JESSICA
  • Previous Owner : CURINGTON TREVOR
  • Previous Owner 2: CURINGTON ALLISON
  • Owner Before Previous Owner: KOHLER DIXIE
  • Owner Before Previous Owner 2: KOHLER WILLIAM
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

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

Zoning

  • Zoning: PD08

Geography

  • Assessors Map Reference: MAP 213
  • Parcel: 2769-004-001
  • Block: D
  • Lot: 1
  • Meridian: SEC 14 TWN 15S RNG 22E
  • Municipality: OCALA
  • Latitude: 29.191
  • Longitude: -82.0716

    Address

  • Full Address: 502 Ne 45th Ter
  • Address - House Number: 502
  • Street Direction: NE
  • Address - Street Name: 45th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Ocala
  • Carrier Code: C025
  • 4-Digit Zip Code: 1496
  • Zip Code: 34470

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,884
  • Tax Rate Code Area: 1001

    Appraisal Valuation

  • Standard Deviation: 0.2421
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 66
  • Final Value: 307,102
  • High Value: 381,469
  • Low Value: 232,734

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $270,000
  • First Open Lien Mortgage Lender: FLAT BRANCH MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Feb 02, 2023
  • First Open Lien Mortgage Loan Amount: $270,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2053

    Market Valuation

  • Market Total Value: $257,714
  • Market Land Value: $50,000
  • Market Improvement Value: $207,714

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $127,547

    Sales

  • Current Sale Contract Date: Jan 31, 2023
  • Current Sale Recording Date: Feb 02, 2023
  • Current Sale Transaction ID: 11902043793
  • Current Sale Price: $300,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 13444
  • Previous Sale Recording Date: Jul 07, 2015
  • Previous Sale Contract Date: Jul 02, 2015
  • Previous Sale Amount: $118,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FLAT BRANCH MORTGAGE INC
  • First Mortgage Transaction Date: Feb 02, 2023
  • First Mortgage Loan Amount: $270,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Feb 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: BRANCH BANKING AND TRUST CO
  • Previous Mortgage Transaction Date: Jul 07, 2015
  • Previous Mortgage Loan Amount: $94,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2045

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Frequently Asked Questions

What neighborhood is 502 Northeast 45th Terrace located in?
The 502 Northeast 45th Terrace is a located in the neighborhood of Ocala in Ocala, Ocala.
What is the average sales price for listings in 502 Northeast 45th Terrace?
The average sales price for units in 502 Northeast 45th Terrace is $0 currently.

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