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5742 Northwest 60th Terrace

5742 Northwest 60th Terrace, Ocala, FL 34482
Property in Ocala
Sold Oct 06, 2020
$145,000
$140,600 by Florida Cu
Mortgage Due Nov 01, 2050
Local assessors in Ocala, FL have categorized 5742 Northwest 60th Terrace as a residential type of property. The home was built in 2007 and is 17 years old. The property's lot size has been calculated to be 11,326 square feet. The linear feet between the front and back of the lot was measured at 1,400 ft and the front of the lot was measured at 800 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a modern style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5742 Northwest 60th Terrace has a total of 1,292 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a well system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 360 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is fair. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a hip style roof that was made of fiberglass. Lots of concrete block were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a heat pump is the primary heating source and it is being fueled with electricity. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5742 Northwest 60th Terrace sold most recently in Oct 2, 2020 for a total of $145,000. If you work out the math, that's approximately a cost of $87.77 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,720 in taxes each year. 5742 Northwest 60th Terrace was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $129,770. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Fair
  • Building Quality: C
  • Building Style: Modern
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Fiberglass
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 360
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 11,326
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,652
  • Gross Building Area: 1,879
  • Building Area: 1,292
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,292
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: OCALA PARK ESTATE
  • Land Acres: 0.26
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SEC 29 TWP 14 RGE 21 PLAT BOOK H PAGE 073 OCALA PARK ESTATES UNIT 4 BLK 19 LOT 21

Ownership

  • Current Owner : JACOBS ALEXANDER D
  • Previous Owner : BOWEN NEVILLE
  • Previous Owner 2: BOWEN KARLENE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 002503

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 126
  • Parcel: 1304-019-021
  • Block: 19
  • Lot: 21
  • Meridian: SEC 29 TWN 14S RNG 21E
  • Municipality: COUNTY - SWFWMD-WR
  • Latitude: 29.2468
  • Longitude: -82.2192

    Address

  • Full Address: 5742 Nw 60th Ter
  • Address - House Number: 5742
  • Street Direction: NW
  • Address - Street Name: 60th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Ocala
  • Carrier Code: R029
  • 4-Digit Zip Code: 2681
  • Zip Code: 34482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,720
  • Tax Rate Code Area: 9002

    Appraisal Valuation

  • Standard Deviation: 0.478
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 4
  • Final Value: 183,623
  • High Value: 271,405
  • Low Value: 95,840

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $140,600
  • First Open Lien Mortgage Lender: FLORIDA CU
  • First Open Lien Mortgage Recording Date: Oct 06, 2020
  • First Open Lien Mortgage Loan Amount: $140,600
  • 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: Nov 01, 2050

    Market Valuation

  • Market Total Value: $218,222
  • Market Land Value: $17,000
  • Market Improvement Value: $201,222

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $129,770

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 02, 2020
  • Current Sale Recording Date: Oct 06, 2020
  • Current Sale Transaction ID: 11791948350
  • Current Sale Price: $145,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020105960

    Last Sale Mortgage

  • First Mortgage Lender: FLORIDA CU
  • First Mortgage Transaction Date: Oct 06, 2020
  • First Mortgage Loan Amount: $140,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

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Frequently Asked Questions

What neighborhood is 5742 Northwest 60th Terrace located in?
The 5742 Northwest 60th Terrace is a located in the neighborhood of Ocala in Marion, Ocala.
What is the average sales price for listings in 5742 Northwest 60th Terrace?
The average sales price for units in 5742 Northwest 60th Terrace is $0 currently.

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