561 MIDWAY DRIVE #B
About This Property
The manager has listed the unit size as 1258 square feet.
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 7, 2024 | Sold | ||
| Sold | |||
| Apr 16, 2024 | In contract | - | |
| In contract | |||
| Apr 11, 2024 | Listed | $145,000 | |
| Listed | |||
| | |||
|
Welcome to this fully updated and renovated second-floor condominium nestled in the Southeast area of Ocala within Live Oak Village, a vibrant 55+ community surrounded by majestic oak trees. This meticulously remodeled unit boasts a range of enhancements, beginning with replaced tile throughout all wet areas and WATER VIEWS from every window.
Both bathrooms have undergone extensive upgrades, featuring new mirrors, vanities, toilets, and walk-in showers complete with sliding glass doors. Convenience is paramount with a stackable washer and dryer discreetly tucked away in the second full bath. The original lanai has been ingeniously transformed, seamlessly integrating an extra 120 square feet of living space under air. Here, you can unwind and savor panoramic views of Lake Sparkle and the Silver Springs Shores Golf course. Revel in these vistas from the remodeled lanai, main living area, dining space, and kitchen.
Elegant crown molding graces the main living and dining areas, complementing the condo's fresh neutral palette achieved through a comprehensive repainting. Step into the remodeled kitchen, seamlessly accessible from the main living and dining areas. All kitchen appliances were modernized in 2015, accompanied by Corian countertops, a recessed sink, and cabinetry finished in two distinct tones for added visual appeal.
The AC unit has been upgraded to accommodate the additional square footage, boasting modified airflow for enhanced efficiency. Ceiling fans in the main living area and both bedrooms and NEW ROOF 2023.
Moreover, buyers have the opportunity to join the community center for a nominal fee of $5 per year, offering access to three pools, one of which is heated, pickleball courts, canoe rentals on the lake, as well as planned community dinners and movies.
This unit offers hassle-free living in a community designed for comfort and convenience. HOA fees cover an array of amenities, including access to the community pool, building and common ground maintenance, building insurance, garbage collection, basic cable TV via Dish Network, and a designated parking space conveniently located directly in front of your new condominium.
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| Oct 30, 2021 | No longer available | - | |
| No longer available | |||
| Oct 5, 2021 | Listed | $117,500 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/11/2024
|
2 Bed
|
2 Bath
|
1258 ft²
|
$145,000
2 Bed
2 Bath
1258 ft²
|
$145,000
05/07/2024
|
Francine Beaton
FLORIDA HOMES REALTY & MORTGAGE
| |
|
10/05/2021
|
2 Bed
|
2 Bath
|
1258 ft²
|
$117,500
2 Bed
2 Bath
1258 ft²
|
-
-
|
Scott Hutchinson
SUNBURST PROPERTIES
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017