by Global Lifestyle Properties

See Home Value
Ocala 34471
507 SE 40th TERRACE
$311,500
● House - Off Market

507 SE 40th TERRACE

OCALA, FL 34471
bedrooms
3 Beds
bathrooms
4 Baths
square feet
2,106 Ft²
$392,845
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

We're pleased to present the opportunity to acquire a Rare gem property in a highly demanded Ocala, FL. Including 3 bedrooms and 3.5 bathrooms, you are going to enjoy the 2,106 sqft that composes this House built in 1967. This home features an enclosed, solar heated Pool, covered patio, covered deck, fire pit, large, fenced backyard with a play set, covered parking, a large workshop and lots of storage. The interior has numerous upgrades, such as granite counters, stainless appliances, travertine tile and large crown molding throughout the living areas, hardwood floors in the bedrooms, wood burning fireplace and the entire interior has been tastefully repainted.  Nested in an enjoyable neighborhood, and minutes from local attractions, public transportation, and public park. Don't miss this great opportunity
Unit Size
2,106 Ft²
Days on Market
43 days
Land Size
0.45 acres
Price per sqft
$161
Property Type
House
Property Taxes
$258
HOA Dues
-
Year Built
1967

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Last updated: 3 years ago (Stellar MLS #O5947976)

Price History

Date / Event Date Event Price
Jul 3, 2024 Sold
Sold
May 3, 2024 In contract -
In contract
Apr 24, 2024 Price Decreased $387,500
↓ $8K (1.9%)
Price Decreased
Mar 28, 2024 Listed by NEXTHOME PROFESSIONAL REALTY $395,000
Listed by NEXTHOME PROFESSIONAL REALTY
Home Warranty! Welcome home to this spacious 3 bedroom, 3 and a half bath home nestled on an almost half acre lot (.45ac) in the heart of SE Ocala, FL. When you arrive, you notice the oversized driveway with plenty of parking space. Step inside to discover a unique floor plan that maximizes space and functionality, offering endless possibilities for relaxation and entertainment, with everything updated and upgraded. You will see beautiful travertine floors, a kitchen to delight any culinary enthusiast, with plenty of cabinet space, granite counters, stainless appliances, plus a large farm sink with upgraded faucet. The kitchen and dining area look to the substantial wood burning fireplace, perfect for gatherings. Don't miss the spa like primary bathroom with a large soaking tub, enclosed shower area and upgraded finishes. Stepping out the back door, the property boasts a screen-enclosed pool, with a covered area to relax in any weather. This home invites you to indulge in luxurious outdoor living year-round with the pool area, plus an outdoor fire pit area and a covered structure for hanging out, work out space, the sky is the limit! The backyard is fenced. New roof 2021. New tankless water heater 2020. Home warranty offered for list price offers!
Jul 15, 2021 Sold
Sold
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Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: 4
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 10
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 11
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 422
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 111
  • Pool Type: 4

    Dimensions

  • Lot Size Square Feet: 19,602
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 1,390
  • Total Building Area: 2,106
  • Gross Building Area: 4,028
  • Building Area: 2,106
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,106
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EASTWOOD PARK
  • Land Acres: 0000000450
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: SEC 14 TWP 15 RGE 22 PLAT BOOK F PAGE 041 EASTWOOD PARK UNIT 1 BLK C LOT 1

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 213
  • Parcel: 2774-003-001
  • Block: C
  • Lot: 1
  • Meridian: SEC 14 TWN 15S RNG 22E
  • Municipality: OCALA
  • Latitude: 29.1824
  • Longitude: -82.0793

    Address

  • Full Address: 507 Se 40th Ter
  • Address - House Number: 507
  • Street Direction: SE
  • Address - Street Name: 40th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Ocala
  • Carrier Code: C035
  • 4-Digit Zip Code: 3137
  • Zip Code: 34471

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $531,162
  • Tax Rate Code Area: 1001

    Appraisal Valuation

  • Standard Deviation: 0.2228
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 69
  • Final Value: 370,863
  • High Value: 453,495
  • Low Value: 288,231

    Market Valuation

  • Market Total Value: $282,293
  • Market Land Value: $61,299
  • Market Improvement Value: $220,994

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $282,293
  • Assessed Land Value: $61,299
  • Assessed Improvements Value: $220,994

    Sales

  • Current Sale Contract Date: Jul 13, 2021
  • Current Sale Recording Date: Jul 15, 2021
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021095754
  • Previous Sale Recording Date: Feb 11, 2020
  • Previous Sale Contract Date: Feb 07, 2020
  • Previous Sale Amount: $127,100
  • Previous Sale Document Type: 68
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 Ocala


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Frequently Asked Questions

When was property at 507 Southeast 40th Terrace built and last sold?
The property at 507 Southeast 40th Terrace was built in 1967 and last sold on Jul 13, 2021 for $311,500.
How much is this home worth?
The estimated value of the home located at 507 Southeast 40th Terrace is $376,656.
What are some comparable homes to 507 Southeast 40th Terrace?
There are currently no comparable homes to 507 Southeast 40th Terrace.