561 Midway DRIVE #B
About This Property
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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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%.
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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.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 7, 2024 | Sold | ||
| Sold | |||
| Apr 16, 2024 | In contract | - | |
| In contract | |||
| Apr 11, 2024 | Listed by FLORIDA HOMES REALTY & MORTGAGE LLC | $145,000 | |
| Listed by FLORIDA HOMES REALTY & MORTGAGE LLC | |||
| Oct 30, 2021 | No longer available | - | |
| No longer available | |||
| Oct 5, 2021 | Listed by SUNBURST PROPERTIES | $117,500 | |
| Listed by SUNBURST PROPERTIES | |||
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Welcome to this completely updated and remodeled second floor condominium located in the Southeast area of Ocala. Live Oak Village is 55+ community and is nestled amongst grand daddy oaks. The current owners have renovated this unit from top to bottom starting with replacing all of the carpet and tile in all the wet areas of the condo. Both bathrooms have been completely upgraded by replacing mirrors, vanities, toilets and walk in showers with sliding glass doors. A stackable washer and dryer are located in the second full bath. The original lanai was leveled out and opened up to add an additional 120 square feet of living space under air so that you can relax and enjoy the views of Lake Sparkle and the Silver Springs Shores Golf & Country Club in the background through the replaced high efficiency windows and custom blinds. These views can be enjoyed from the remodeled lanai, main living area, dining area and kitchen. Crown molding has been installed in the main living and dining areas. The entire condo has been repainted with neutral colors. As you walk into the remodeled kitchen you have access through the main living area and dining area as well. All kitchen appliances were updated in 2015 along with Corian countertops, recessed sink and cabinetry has been painted with two different tones top and bottom. AC unit has been upgraded to handle additional added square footage and also has a modified airflow for extra efficiency. Ceiling fans in the main living area and both bedrooms have remote controls for easy use. Best of all this unit is being sold completely furnished minus a few personal items. (List to be provided) HOA fees include use of the community pool, building maintenace, common ground maintenace, insurance on the building, garbage pickup, basic cable tv through dish network and a designated parking space directly in front of your new condominium. This condo is being shown by appointment only. Please contact us today to schedule your showing either in person or virtuallly. The manager has listed the unit size as 1258 square feet.
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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