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Marion 34482
5696 NW 2nd PLACE
$225,000
● House - Off Market

5696 NW 2nd PLACE

OCALA, FL 34482
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,173 Ft²
$1,114
Est. Monthly
10.89%
Cap Rate

About This Property

BEAUTIFUL CLEARED LOT. BRAND NEW CONSTRUCTION 3 BEDROOM 2 BATHROOM 1 CAR GARAGE. THIS HOME HAS VINYL FLOORING THROUGHOUT THE MAIN AREA  IN THE BEDROOMS. STAINLESS STEEL APPLIANCES AND GRANITE COUNTER TOPS. HAS A FRONT PORCH AND HURRY LETS GET THIS BEAUTIFUL HOME UNDER CONTRACT. YOU STILL HAVVE TIME TO PICK OUT THE INSIDE AND OUTSIDE COLORS OF THE HOME. ALSO ITS LESS THAN 5 MILES AWAY FROM THE WORLD EQUESTRIAN CENTER, 2 MILES FROM I-75 AND MINUTES FROM DOWNTOWN, RESTAURANTS AND ENTERTAINMENT. GREAT FOR A FIRST TIME HOME BUYER, INVESTMENT PROPERTY/RENTAL, OR AIR BNB. ESTIMATED COMPLETION DATE IS JUNE / JULY.
Unit Size
1,173 Ft²
Days on Market
98 days
Land Size
0.17 acres
Price per sqft
$192
Property Type
House
Property Taxes
$9
HOA Dues
-
Year Built
-

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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 #OM673981)

Price History

Date / Event Date Event Price
Jun 7, 2024 Sold
Premium
Sold
Apr 4, 2024 In contract -
In contract
Mar 30, 2024 Price Decreased $225,000
↓ $10K (4.3%)
Price Decreased
Mar 1, 2024 Listed by HOMERUN REALTY $235,000
Listed by HOMERUN REALTY
Aug 11, 2023 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: OCALA RIDGE
  • Land Acres: 0000000170
  • Standard Land Use Code: 8001
  • County Land Use Code: 0001
  • State Land Use Code: 00
  • Legal Description 1: SEC 16 TWP 15 RGE 21 PLAT BOOK G PAGE 037 OCALA RIDGE UNIT 2 BLK J LOTS 25.26.27

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 002504

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: MAP 146
  • Parcel: 2302-010-025
  • Block: J
  • Lot: 25
  • Meridian: SEC 16 TWN 15S RNG 21E
  • Municipality: COUNTY - SWFWMD-WR
  • Latitude: 29.1887
  • Longitude: -82.2136

    Address

  • Full Address: 5696 Nw 2nd Pl
  • Address - House Number: 5696
  • Street Direction: NW
  • Address - Street Name: 2nd
  • Address - Suffix Type: Pl
  • State: FL
  • City Name: Ocala
  • Carrier Code: R020
  • 4-Digit Zip Code: 5540
  • Zip Code: 34482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,492
  • Tax Rate Code Area: 9002

    Market Valuation

  • Market Total Value: $8,700
  • Market Land Value: $8,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,594

    Sales

  • Current Sale Contract Date: Aug 04, 2023
  • Current Sale Recording Date: Aug 11, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 103443
  • Previous Sale Recording Date: Mar 16, 2005
  • Previous Sale Contract Date: Mar 08, 2005
  • Previous Sale Amount: $16,000
  • Previous Sale Document Type: 20
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:

$287,500

Sale Price/ft²

$175

Below Asking

0.03%

Average Days on Market

81

Average Home Size

1870 ft²

Average Home Age

21.4 years

Currently For Sale

5467 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 5399 Nw 18th Street, OCALA, FL, 34482

$2,100 /mo

  • 2 Beds
  • 2 Baths
  • 1,085 ft²
5399 Nw 18th Street, OCALA, FL, 34482 Listing by Jennifer Arango
Unit for rent at 7250 Sw 10th Street, OCALA, FL, 34474

$2,200 /mo

  • 4 Beds
  • 2 Baths
  • 1,850 ft²
7250 Sw 10th Street, OCALA, FL, 34474 Listing by Chuck Bortz, Jr

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Nicholas Josey
HOMERUN REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OM673981
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 5696 Northwest 2nd Place built and last sold?
The property at 5696 Northwest 2nd Place was built in and last sold on Aug 4, 2023 for $13,500.
How much is this home worth?
The estimated value of the home located at 5696 Northwest 2nd Place is $0.
What are some comparable homes to 5696 Northwest 2nd Place?
There are currently no comparable homes to 5696 Northwest 2nd Place.
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