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5072 Southeast 47th Terrace Road

5072 Southeast 47th Terrace Road, Ocala, FL 34480
Property in Belleview
Sold Oct 19, 2021
$527,000
$263,500 by Wells Fargo Bank Na
Mortgage Due Nov 01, 2051
Sold Sep 29, 2005
$89,900
$350,000 by Branch Banking And Trust Co
Mortgage Due Oct 01, 2036
Local assessors in Ocala, FL have categorized 5072 Southeast 47th Terrace Road as a residential type of property. The home was built in 2006 and is 18 years old. The property's lot size has been calculated to be 22,651 square feet. The linear feet between the front and back of the lot was measured at 1,800 ft and the front of the lot was measured at 1,250 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a modern style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5072 Southeast 47th Terrace Road has a total of 3,096 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 735 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is fair. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a hip style roof that was made of fiberglass. Lots of concrete block were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a heat pump is the primary heating source and it is being fueled with electricity. The property was last sold in Oct 8, 2021 for $527,000. That's $137.56 per sqft. Prior to that sales transaction, the property was also sold in Sep 23, 2005 for $89,900. 5072 Southeast 47th Terrace Road was last assessed in 2023. The total value of the property was assessed at $317,195. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $4,668. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Fair
  • Building Quality: B
  • Building Style: Modern
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Fiberglass
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 735
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 22,651
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 3,831
  • Gross Building Area: 4,362
  • Building Area: 3,096
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 3,096
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Septic
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DALTON WOODS 1ST ADDITION
  • Land Acres: 0.52
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SEC 36 TWP 15 RGE 22 PLAT BOOK 007 PAGE 167 DALTON WOODS 1ST ADDITION BLK B LOT 2

Ownership

  • Current Owner : SCHMIDLIN MICHAEL
  • Current Owner 2: SCHMIDLIN LISA
  • Previous Owner : PAGET ALFRED N
  • Previous Owner 2: PAGET DONNA L
  • Owner Before Previous Owner: CARLSON OF MARION COUNTY INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 001103

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 214
  • Parcel: 31368-102-02
  • Block: B
  • Lot: 2
  • Meridian: SEC 36 TWN 15S RNG 22E
  • Municipality: COUNTY - SJRWMD-OR
  • Latitude: 29.1367
  • Longitude: -82.0687

    Address

  • Full Address: 5072 Se 47th Terrace Rd
  • Address - House Number: 5072
  • Street Direction: SE
  • Address - Street Name: 47th Terrace
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Ocala
  • Carrier Code: R042
  • 4-Digit Zip Code: 4966
  • Zip Code: 34480

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,668
  • Tax Rate Code Area: 9001

    Appraisal Valuation

  • Standard Deviation: 0.233
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 67
  • Final Value: 564,155
  • High Value: 695,642
  • Low Value: 432,668

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $263,500
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Oct 19, 2021
  • First Open Lien Mortgage Loan Amount: $263,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2051

    Market Valuation

  • Market Total Value: $446,760
  • Market Land Value: $70,000
  • Market Improvement Value: $376,760

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $317,195

    Sales

  • Current Sale Contract Date: Oct 08, 2021
  • Current Sale Recording Date: Oct 19, 2021
  • Current Sale Transaction ID: 11861195963
  • Current Sale Price: $527,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021144276
  • Previous Sale Recording Date: Sep 29, 2005
  • Previous Sale Contract Date: Sep 23, 2005
  • Previous Sale Amount: $89,900
  • Previous Sale Document Type: Corporation Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Oct 19, 2021
  • First Mortgage Loan Amount: $263,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: BRANCH BANKING AND TRUST CO
  • Previous Mortgage Transaction Date: Sep 29, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $350,000
  • Previous Mortgage Term: 372
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Oct 01, 2036

About Marion



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Frequently Asked Questions

What neighborhood is 5072 Southeast 47th Terrace Road located in?
The 5072 Southeast 47th Terrace Road is a located in the neighborhood of Belleview in Marion, Ocala.
What is the average sales price for listings in 5072 Southeast 47th Terrace Road?
The average sales price for units in 5072 Southeast 47th Terrace Road is $0 currently.

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