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Ocala 34480
523 SE 42nd STREET
$849,000
● House - Off Market

523 SE 42nd STREET

OCALA, FL 34480
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,088 Ft²
$846,738
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

A visually enthralling 4 bedroom, 3 full bath and single office Irvin custom-built home in the Woodlands of Bellechase which combines the flow of an open floor plan with the tradition and privacy of a divided living space. Bathed in natural light, sliding glass doors open up to a lush enclosed screened pool patio which is itself part of a fully fenced backyard.  New countertops grace an open kitchen that faces the family's communal living area. New roof in 2022, new flooring throughout.
Unit Size
3,088 Ft²
Days on Market
49 days
Land Size
0.63 acres
Price per sqft
$275
Property Type
House
Property Taxes
$550
HOA Dues
$153
Year Built
2005

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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 #OM663648)

Price History

Date / Event Date Event Price
Oct 19, 2023 Sold
Premium
Sold
Sep 1, 2023 In contract -
In contract
Aug 30, 2023 Listed by DEACON AND SOLDIER PROPERTIES $849,900
Listed by DEACON AND SOLDIER PROPERTIES
Mar 2, 2020 Sold
Premium
Sold
Jun 20, 2016 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: 2
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 10
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 11
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 984
  • Parking Space Count: 4
  • Patio Type: 69
  • Porch Type: 111
  • Pool Type: 4

    Dimensions

  • Lot Size Square Feet: 27,443
  • Lot Size Depth Feet: 2,100
  • Lot Size Frontage Feet: 1,310
  • Total Building Area: 4,072
  • Gross Building Area: 5,944
  • Building Area: 3,088
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,088
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODLANDS AT BELLECHASE
  • Land Acres: 0000000630
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: SEC 32 TWP 15 RGE 22 PLAT BOOK 7 PAGE 067 WOODLANDS AT BELLECHASE LOT 18

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 002402

Zoning

  • Zoning: PD01

Geography

  • Assessors Map Reference: MAP 180
  • Parcel: 30598-02-018
  • Lot: 18
  • Meridian: SEC 32 TWN 15S RNG 22E
  • Municipality: OCALA
  • Latitude: 29.1458
  • Longitude: -82.1322

    Address

  • Full Address: 523 Se 42nd St
  • Address - House Number: 523
  • Street Direction: SE
  • Address - Street Name: 42nd
  • Address - Suffix Type: St
  • State: FL
  • City Name: Ocala
  • Carrier Code: R079
  • 4-Digit Zip Code: 4775
  • Zip Code: 34480

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $698,266
  • Tax Rate Code Area: 1001

    Appraisal Valuation

  • Standard Deviation: 0.2097
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 71
  • Final Value: 721,989
  • High Value: 873,453
  • Low Value: 570,524

    Market Valuation

  • Market Total Value: $555,085
  • Market Land Value: $60,000
  • Market Improvement Value: $495,085

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $413,382

    Sales

  • Current Sale Contract Date: Oct 18, 2023
  • Current Sale Recording Date: Oct 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 134916
  • Previous Sale Recording Date: Mar 02, 2020
  • Previous Sale Contract Date: Feb 27, 2020
  • Previous Sale Amount: $499,700
  • 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 Ocala

Stats & Trends

Median Asking:

$284,900

Sale Price/ft²

$163

Below Asking

0.03%

Average Days on Market

90

Average Home Size

1984 ft²

Average Home Age

37.6 years

Currently For Sale

377 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

Unit for rent at 1333 Se 17th Street, OCALA, FL, 34471

$2,400 /mo

  • 4 Beds
  • 2 Baths
  • 3,426 ft²
1333 Se 17th Street, OCALA, FL, 34471 Listing by Lance Schenker
Unit for rent at 2503 Se 19th Circle, OCALA, FL, 34471

$2,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,912 ft²
2503 Se 19th Circle, OCALA, FL, 34471 Listing by Stacy Alpizar

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Rasha Elmallah
DEACON AND SOLDIER PROPERTIES
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OM663648
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 523 Southeast 42nd Street built and last sold?
The property at 523 Southeast 42nd Street was built in 2005 and last sold on Oct 18, 2023 for $849,900.
How much is this home worth?
The estimated value of the home located at 523 Southeast 42nd Street is $0.
What are some comparable homes to 523 Southeast 42nd Street?
There are currently no comparable homes to 523 Southeast 42nd Street.
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