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551 Southwest 85th Street

551 Southwest 85th Street, Ocala, FL 34476
Property in Ocala
Sold Jun 08, 2021
$485,000
$824,500 by Ameris Bank
Mortgage Due Jun 04, 2036
Sold May 30, 2018
$400,000
$300,000 by Farm Credit Services Of Florid
Mortgage
551 Southwest 85th Street in Ocala, FL was first built in 1967 and is 57 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. 551 Southwest 85th Street has 1,882 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. In total, the area measurement of the land is 435,600 square feet.

Learn more about the property and building on this page. There is a screened porch. The home has a gable 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 320 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of D. 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. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 551 Southwest 85th Street was last sold in Jun 4, 2021 for $485,000. According to our calculations, that's $257.70 per sqft. Prior to that sales transaction, the property was sold for $400,000 in May 24, 2018. Current property owners are expected to pay $2,384 in taxes per year. The property on 551 Southwest 85th Street was last assessed in 2021. As a result of that assessment, the total value of the property was placed at $123,895. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

Building Features

Exterior

Block Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Quality: D
  • 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: Carpet
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 320
  • Parking Space Count: 2
  • Porch Type: Screened porch

    Dimensions

  • Lot Size Square Feet: 435,600
  • Total Building Area: 1,882
  • Gross Building Area: 2,714
  • Building Area: 1,882
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,882
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Land Acres: 10
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SEC 18 TWP 16 RGE 22 COM AT SE COR OF NE 1/4 OF SEC 18 TH S 89-50-57 W 1307.74 FT FOR POB TH N 00-27-37 E 1150.39 FT TH S 89-52-01 W 376.50 FT TH S 00-26-37 W 1150.39 FT TH N 89-48-52 E 380.56 FT TO POB.

Ownership

  • Current Owner : BELLA VISTA FARM LLC
  • Previous Owner : ACHTENHAGEN GARY
  • Previous Owner 2: LEE BOB
  • Owner Before Previous Owner: HIATT FLAVIA
  • Owner Before Previous Owner 2: THE KERRY AND FLAVIA HIATT TRU
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: A1

Geography

  • Assessors Map Reference: MAP 182
  • Parcel: 36759-003-07
  • Meridian: SEC 18 TWN 16S RNG 22E
  • Municipality: COUNTY - SJRWMD-OR
  • Latitude: 29.1024
  • Longitude: -82.1424

    Address

  • Full Address: 551 Sw 85th St
  • Address - House Number: 551
  • Street Direction: SW
  • Address - Street Name: 85th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Ocala
  • Carrier Code: R059
  • 4-Digit Zip Code: 7115
  • Zip Code: 34476

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $2,384
  • Tax Rate Code Area: 9001

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $824,500
  • First Open Lien Mortgage Lender: AMERIS BANK
  • First Open Lien Mortgage Recording Date: Jun 08, 2021
  • First Open Lien Mortgage Loan Amount: $824,500
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jun 04, 2036

    Market Valuation

  • Market Total Value: $306,015

    Assessments Valuation

  • Assessed Year: 2021
  • Assessed Total Value: $123,895

    Sales

  • Current Sale Contract Date: Jun 04, 2021
  • Current Sale Recording Date: Jun 08, 2021
  • Current Sale Transaction ID: 11840517893
  • Current Sale Price: $485,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021077512
  • Previous Sale Recording Date: May 30, 2018
  • Previous Sale Contract Date: May 24, 2018
  • Previous Sale Amount: $400,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERIS BANK
  • First Mortgage Transaction Date: Jun 08, 2021
  • First Mortgage Loan Amount: $824,500
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jun 04, 2036

    Previous Mortgages

  • Previous Mortgage Lender: FARM CREDIT SERVICES OF FLORID
  • Previous Mortgage Transaction Date: May 30, 2018
  • Previous Mortgage Loan Amount: $300,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Marion



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Frequently Asked Questions

What neighborhood is 551 Southwest 85th Street located in?
The 551 Southwest 85th Street is a other located in the neighborhood of Ocala in Marion, Ocala.
What is the average sales price for listings in 551 Southwest 85th Street?
The average sales price for units in 551 Southwest 85th Street is $0 currently.

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