by RH Advisors

See Home Value
Marion 34482
5720 NW 16th PLACE
$275,000
House - Off Market

5720 NW 16th PLACE

OCALA, FL 34482
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1850 Sqft
$1,785
Estimated Monthly
7.71%
Cap Rate

About This Property

Welcome to one of Ocala's most unique opportunities to purchase a private 1.5+ acre estate with a 3 bedroom, 2 bth home, a detatched workshop/garage with a 1/1 in-law suite, plus 6 additional buildable lots which can be easily split and sold/developed, or kept for additional privacy or income producing opportunities. This property has an exceptionally convenient location with the Ocala World Equestrian Center, Ocala International Airport, Publix, HCA Florida Hospital, multiple golf courses and a movie theatre within just a couple miles. Approaching the property you'll notice the home site and additional lots are all High and Dry with a mix of cleared living area and natural Florida woodland. Enter the concrete block home under a covered front porch to find a generous main living space with modern vinyl flooring. The kitchen is fully equipped with real wood cabinets, stainless steel refrigerator, dishwasher, range, and stainless range hood. A formal dining room is light and bright with backyard views through a sliding glass door, centered around a stained glass chandelier. The bedrooms and bathrooms are generously sized and thoughtfully laid out to accommodate households of all sizes. The detached garage is an equally impressive concrete block and fully permitted structure with a 1 car garage, large workspace, and 1 bed, 1 bath separate living unit which had been leased in the past for $800/month. Marion County employees have confirmed that the 6 additional lots included with this sale can be split off without any application or approval process required. This home qualifies for FHA, VA, and USDA financing, or use conventional financing or cash. Call today to schedule your showing for this unique, move-in ready home. Two sheds located on the property must be purchased separately or will be removed prior to closing.
Unit Size
1,850Ft²
Days on Market
204 days
Land Size
1.55 acres
Price per sqft
$184
Property Type
House
Property Taxes
$115
HOA Dues
-
Year Built
1980
Last updated: 6 days ago (Stellar MLS #O6153693)

Price History

Date / Event Date Event Price
May 21, 2024 Sold $275,000
Sold
Apr 23, 2024 In contract -
In contract
Apr 5, 2024 Price Decreased $340,000
↓ $10K (2.9%)
Price Decreased
Mar 9, 2024 Price Decreased $350,000
↓ $9K (2.5%)
Price Decreased
Mar 1, 2024 Price Decreased $359,000
↓ $5K (1.4%)
Price Decreased
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Poor
  • Building Quality: D
  • 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: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 252
  • Parking Space Count: 6

    Dimensions

  • Lot Size Square Feet: 67,518
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 6,750
  • Total Building Area: 1,372
  • Gross Building Area: 3,272
  • Building Area: 1,120
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,120
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: OCALA RIDGE
  • Land Acres: 1.55
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SEC 09 TWP 15 RGE 21 PLAT BOOK G PAGE 094 OCALA RIDGE UNIT 13 BLK 3 LOTS 29 THRU 55

Ownership

  • Current Owner : MALONE CURTIS W
  • Current Owner 2: MALONE HEATHER L
  • Previous Owner : WALLA BARBAR
  • Owner Before Previous Owner: BENKSTEIN ALLI M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: MAP 145
  • Parcel: 2313-003-038
  • Block: 3
  • Lot: 29-55
  • Meridian: SEC 9 TWN 15S RNG 21E
  • Municipality: COUNTY - SWFWMD-WR
  • Latitude: 29.2025
  • Longitude: -82.2152

    Address

  • Full Address: 5720 Nw 16th Pl
  • Address - House Number: 5720
  • Street Direction: NW
  • Address - Street Name: 16th
  • Address - Suffix Type: Pl
  • State: FL
  • City Name: Ocala
  • Carrier Code: R098
  • 4-Digit Zip Code: 3913
  • Zip Code: 34482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,426
  • Tax Rate Code Area: 9002

    Appraisal Valuation

  • Standard Deviation: 0.1005
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 90
  • Final Value: 395,232
  • High Value: 434,956
  • Low Value: 355,508

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $175,518
  • First Open Lien Mortgage Lender: HOMEBRIDGE FINANCIAL SERVICES
  • First Open Lien Mortgage Recording Date: Jun 18, 2021
  • First Open Lien Mortgage Loan Amount: $175,518
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051

    Market Valuation

  • Market Total Value: $231,901
  • Market Land Value: $78,300
  • Market Improvement Value: $153,601

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $110,199

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 05, 2018
  • Current Sale Recording Date: Mar 06, 2018
  • Current Sale Transaction ID: 11433605658
  • Current Sale Price: $105,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2018020747
  • Previous Sale Recording Date: Dec 13, 2017
  • Previous Sale Contract Date: Dec 06, 2017
  • Previous Sale Amount: $1,000,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE WALLA FAMILY TRUST
  • First Mortgage Transaction Date: Mar 06, 2018
  • First Mortgage Loan Type: Purchase Money Mortgage



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,840 ft²
$196/ft²
$360,000 Mar 1, 2024
$360,000 May 17, 2024
$608/mo
House
3 Beds
2 Baths
2,098 ft²
$167/ft²
$350,000 Nov 24, 2023
$350,000 May 13, 2024
$473/mo
House
3 Beds
2 Baths
1,674 ft²
$196/ft²
$327,900 Apr 15, 2024
$327,900 May 20, 2024
$624/mo
House
3 Beds
2 Baths
2,019 ft²
$165/ft²
$333,000 Feb 28, 2023
$333,000 Oct 20, 2023
$469/mo
House
3 Beds
2 Baths
1,514 ft²
$192/ft²
$290,000 Sep 17, 2023
$290,000 Oct 27, 2023
$370/mo
House
3 Beds
2 Baths
1,942 ft²
$142/ft²
$275,000 Jul 27, 2023
$275,000 Jan 19, 2024
$564/mo
House
3 Beds
2 Baths
2,019 ft²
$198/ft²
$399,900 Feb 23, 2024
-
$739/mo
House
3 Beds
2 Baths
1,783 ft²
$179/ft²
$319,000 Mar 5, 2024
-
$401/mo
House
3 Beds
2 Baths
1,710 ft²
$170/ft²
$290,000 Feb 23, 2024
-
$385/mo
House
3 Beds
2 Baths
1,692 ft²
$203/ft²
$344,000 Feb 18, 2024
-
$647/mo
House
3 Beds
2 Baths
1,934 ft²
$173/ft²
$334,900 Jan 5, 2024
-
$433/mo
House
3 Beds
2 Baths
1,631 ft²
$169/ft²
$274,900 May 17, 2024
-
$341/mo

About Marion


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Frequently Asked Questions

When was property at 5720 Northwest 16th Place built and last sold?
The property at 5720 Northwest 16th Place was built in 1980 and last sold on Mar 5, 2018 for $105,000.
How much is this home worth?
The estimated value of the home located at 5720 Northwest 16th Place is $400,143.
What are some comparable homes to 5720 Northwest 16th Place?
Homes that are comparable to 5720 Northwest 16th Place include a house property at 1963 Northwest 58th Court, 5751 Northwest 25th Loop, 5535 Northwest 23rd Place.

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