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5259 Northwest 60th Terrace

5259 Northwest 60th Terrace, Ocala, FL 34482
Property in Ocala
Sold Jun 30, 2021
$120,000
$96,000 by Guaranteed Rate Inc
Mortgage Due Jul 01, 2051
Sold Mar 23, 2021
$181,700
5259 Northwest 60th Terrace in Ocala, FL was first built in 1999 and is 25 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a modern style. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 5259 Northwest 60th Terrace has 1,601 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,450 ft and the linear feet between the front and back of the lot is 1,040. In total, the area measurement of the land is 15,246 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a hip style roof made of fiberglass. Water for the property is sourced from a well system. The property is not connected to a municipal sewage system. Instead, it is connected to a septic system which you will need to handle on your own. For those who need parking, there is a detached garage. The garage is 700 sqft. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as poor. The exterior walls of the home are made of concrete block. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heat pump and being fueled with electricity. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5259 Northwest 60th Terrace was last sold in Jun 29, 2021 for $120,000. According to our calculations, that's $74.95 per sqft. Prior to that sales transaction, the property was sold for $181,700 in Mar 10, 2021. Current property owners are expected to pay $1,826 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2019. The property on 5259 Northwest 60th Terrace was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $135,896. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Poor
  • Building Quality: D
  • 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: Detached
  • Garage Square Area: 700
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 15,246
  • Lot Size Depth Feet: 1,040
  • Lot Size Frontage Feet: 1,450
  • Total Building Area: 1,601
  • Gross Building Area: 1,743
  • Building Area: 1,601
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,601
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: OCALA PARK ESTATE
  • Land Acres: 0.35
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SEC 29 TWP 14 RGE 21 PLAT BOOK H PAGE 073 OCALA PARK ESTATES UNIT 4 BLK 12 LOT 31

Ownership

  • Current Owner : ARNETT EARL R
  • Current Owner 2: FITZGERALD CHRISTINE M
  • Previous Owner : ARNETT JOHN
  • Previous Owner 2: ARNETT RENEE
  • Owner Before Previous Owner: COOK CINDY L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 002503

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 126
  • Parcel: 1304-012-031
  • Block: 12
  • Lot: 31
  • Meridian: SEC 29 TWN 14S RNG 21E
  • Municipality: COUNTY - SWFWMD-WR
  • Latitude: 29.2419
  • Longitude: -82.2188

    Address

  • Full Address: 5259 Nw 60th Ter
  • Address - House Number: 5259
  • Street Direction: NW
  • Address - Street Name: 60th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Ocala
  • Carrier Code: R029
  • 4-Digit Zip Code: 2699
  • Zip Code: 34482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,826
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 9002

    Appraisal Valuation

  • Standard Deviation: 0.2593
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 63
  • Final Value: 231,175
  • High Value: 291,120
  • Low Value: 171,231

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $96,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Jun 30, 2021
  • First Open Lien Mortgage Loan Amount: $96,000
  • 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: Jul 01, 2051

    Market Valuation

  • Market Total Value: $217,409
  • Market Land Value: $17,000
  • Market Improvement Value: $200,409

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $135,896

    Sales

  • Current Sale Contract Date: Jun 29, 2021
  • Current Sale Recording Date: Jun 30, 2021
  • Current Sale Transaction ID: 11841905057
  • Current Sale Price: $120,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021088604
  • Previous Sale Recording Date: Mar 23, 2021
  • Previous Sale Contract Date: Mar 10, 2021
  • Previous Sale Amount: $181,700
  • Previous Sale Document Type: Deed in Lieu of Foreclosure

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Jun 30, 2021
  • First Mortgage Loan Amount: $96,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

About Marion



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Frequently Asked Questions

What neighborhood is 5259 Northwest 60th Terrace located in?
The 5259 Northwest 60th Terrace is a located in the neighborhood of Ocala in Marion, Ocala.
What is the average sales price for listings in 5259 Northwest 60th Terrace?
The average sales price for units in 5259 Northwest 60th Terrace is $0 currently.

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