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5561 Northeast 2nd Lane

5561 Northeast 2nd Lane, Ocala, FL 34470
Property in Ocala
Sold Jul 23, 2007
$320,000
$195,000 by Suntrust Mortgage Inc
Mortgage Due Aug 01, 2037
Sold Nov 05, 2002
$220,000
$120,000 by Homecomings Financial Network
Mortgage Due Nov 01, 2032
5561 Northeast 2nd Lane in Ocala, FL was first built in 1987 and is 37 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, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 5561 Northeast 2nd Lane has 2,648 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 2,350 ft and the linear feet between the front and back of the lot is 2,570. In total, the area measurement of the land is 60,548 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. 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 attached garage. The garage is 905 sqft. There are a total of 4 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of B. 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 forced air unit and being fueled with gas. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5561 Northeast 2nd Lane sold most recently in Jul 20, 2007 for a total of $320,000. If you work out the math, that's approximately a cost of $90.06 per sqft. Before that, the property was also sold for $220,000 in Oct 18, 2002. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $302 in taxes each year. 5561 Northeast 2nd Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $213,756. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Poor
  • Building Quality: B
  • 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: Ceramic
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 905
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 60,548
  • Lot Size Depth Feet: 2,570
  • Lot Size Frontage Feet: 2,350
  • Total Building Area: 3,553
  • Gross Building Area: 4,327
  • Building Area: 2,648
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,648
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: ORONOQUE
  • Land Acres: 1.39
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SEC 13 TWP 15 RGE 22 PLAT BOOK S PAGE 045 ORONOQUE BLK A LOT 13

Ownership

  • Current Owner : CART II CECIL W
  • Current Owner 2: CART SANDRA KAY
  • Previous Owner : YELTON DONALD
  • Owner Before Previous Owner: DASSANCE CHARLES R
  • Owner Before Previous Owner 2: DASSANCE SARA R
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: II

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 002201

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 213
  • Parcel: 2741-001-013
  • Block: A
  • Lot: 13
  • Meridian: SEC 13 TWN 15S RNG 22E
  • Municipality: COUNTY - SJRWMD-OR
  • Latitude: 29.1896
  • Longitude: -82.0543

    Address

  • Full Address: 5561 Ne 2nd Ln
  • Address - House Number: 5561
  • Street Direction: NE
  • Address - Street Name: 2nd
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Ocala
  • Carrier Code: R030
  • 4-Digit Zip Code: 3401
  • Zip Code: 34470

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $302
  • Tax Rate Code Area: 9001

    Appraisal Valuation

  • Standard Deviation: 0.23
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 68
  • Final Value: 494,171
  • High Value: 607,863
  • Low Value: 380,478

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $195,000
  • First Open Lien Mortgage Lender: SUNTRUST MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Jul 23, 2007
  • First Open Lien Mortgage Loan Amount: $195,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2037

    Market Valuation

  • Market Total Value: $421,230
  • Market Land Value: $78,960
  • Market Improvement Value: $342,270

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $213,756

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 20, 2007
  • Current Sale Recording Date: Jul 23, 2007
  • Current Sale Transaction ID: 11441871992
  • Current Sale Price: $320,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2007098429
  • Previous Sale Recording Date: Nov 05, 2002
  • Previous Sale Contract Date: Oct 18, 2002
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUNTRUST MORTGAGE INC
  • First Mortgage Transaction Date: Jul 23, 2007
  • First Mortgage Loan Amount: $195,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Aug 01, 2037

    Previous Mortgages

  • Previous Mortgage Lender: HOMECOMINGS FINANCIAL NETWORK
  • Previous Mortgage Transaction Date: Nov 05, 2002
  • Previous Mortgage Loan Amount: $120,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Nov 01, 2032

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Frequently Asked Questions

What neighborhood is 5561 Northeast 2nd Lane located in?
The 5561 Northeast 2nd Lane is a located in the neighborhood of Ocala in Marion, Ocala.
What is the average sales price for listings in 5561 Northeast 2nd Lane?
The average sales price for units in 5561 Northeast 2nd Lane is $0 currently.

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