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Marion 34479
5601 NE 22nd AVENUE
$180,000
● House - Off Market

5601 NE 22nd AVENUE

OCALA, FL 34479
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,215 Ft²
$1,188
Est. Monthly
10.61%
Cap Rate

About This Property

Whether you're looking for a starter home or an investment opportunity, look no further than this! This quaint 3/2/1 home features a convenient location with all the comforts of home. Updates include vinyl plank flooring throughout except for the kitchen and bathrooms, updated interior paint, updated tile shower enclosures and an updated A/C unit in 2020. The back yard is enclosed with a chain-link fence. Close access to I-75 and downtown Ocala. There are many possibilities with this property! Schedule a showing today. Property is TENANT occupied with lease expiring August 1, 2024.
Unit Size
1,215 Ft²
Days on Market
70 days
Land Size
0.34 acres
Price per sqft
$165
Property Type
House
Property Taxes
$206
HOA Dues
-
Year Built
1978

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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 #OM680401)

Price History

Date / Event Date Event Price
Aug 23, 2024 Sold
Premium
Sold
Jul 29, 2024 In contract -
In contract
Jun 14, 2024 Listed by ASSET CAPITAL REALTY, LLC $200,000
Listed by ASSET CAPITAL REALTY, LLC
Jan 6, 2021 Sold
Premium
Sold
Oct 20, 2009 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 4
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 10
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 11
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 324
  • Parking Space Count: 1
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,539
  • Gross Building Area: 1,727
  • Building Area: 1,215
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,215
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 4
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FORE ACRES NORTH 1ST ADD
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: SEC 28 TWP 14 RGE 22 PLAT BOOK S PAGE 078 FORE ACRES NORTH 1ST ADD BLK F LOT 7

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 001301

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 194
  • Parcel: 1495-006-007
  • Block: F
  • Lot: 7
  • Meridian: SEC 28 TWN 14S RNG 22E
  • Municipality: COUNTY - SJRWMD-OR
  • Latitude: 29.245
  • Longitude: -82.1078

    Address

  • Full Address: 5601 Ne 22nd Ave
  • Address - House Number: 5601
  • Street Direction: NE
  • Address - Street Name: 22nd
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Ocala
  • Carrier Code: R038
  • 4-Digit Zip Code: 7170
  • Zip Code: 34479

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $257,377
  • Tax Rate Code Area: 9001

    Appraisal Valuation

  • Standard Deviation: 0.2228
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 69
  • Final Value: 210,819
  • High Value: 257,810
  • Low Value: 163,828

    Market Valuation

  • Market Total Value: $144,352
  • Market Land Value: $56,228
  • Market Improvement Value: $88,124

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $144,352
  • Assessed Land Value: $56,228
  • Assessed Improvements Value: $88,124

    Sales

  • Current Sale Contract Date: Jan 04, 2021
  • Current Sale Recording Date: Jan 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021001610
  • Previous Sale Recording Date: Oct 20, 2009
  • Previous Sale Contract Date: Oct 13, 2009
  • Previous Sale Amount: $55,000
  • Previous Sale Document Type: 68
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 Marion

Stats & Trends

Median Asking:

$287,900

Sale Price/ft²

$175

Below Asking

0.01%

Average Days on Market

91

Average Home Size

1894 ft²

Average Home Age

20.7 years

Currently For Sale

3875 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 3809 Ne 32nd Court, OCALA, FL, 34479

$2,150 /mo

  • 4 Beds
  • 2 Baths
  • 1,879 ft²
3809 Ne 32nd Court, OCALA, FL, 34479 Listing by Mustafa Turunc
Unit for rent at 3783 Ne 30th Terrace, OCALA, FL, 34479

$1,995 /mo

  • 4 Beds
  • 2 Baths
  • 1,879 ft²
3783 Ne 30th Terrace, OCALA, FL, 34479 Listing by Mustafa Turunc

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Jenna Pietras
ASSET CAPITAL REALTY, LLC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OM680401
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 5601 Northeast 22nd Avenue built and last sold?
The property at 5601 Northeast 22nd Avenue was built in 1978 and last sold on Jan 4, 2021 for $100,000.
How much is this home worth?
The estimated value of the home located at 5601 Northeast 22nd Avenue is $0.
What are some comparable homes to 5601 Northeast 22nd Avenue?
There are currently no comparable homes to 5601 Northeast 22nd Avenue.
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