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5810 Southwest 129th Terrace Road

5810 Southwest 129th Terrace Road, Ocala, FL 34481
Property in Fellowship
Sold Mar 02, 2021
$249,000
$251,515 by Fairway Independent Mortgage C
Mortgage Due Mar 01, 2051
Sold Jul 08, 2020
$15,000
Local assessors in Ocala, FL have categorized 5810 Southwest 129th Terrace Road as a residential type of property. The home was built in 2021 and is 3 years old. The property's lot size has been calculated to be 45,738 square feet. The linear feet between the front and back of the lot was measured at 3,050 ft and the front of the lot was measured at 1,500 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 5810 Southwest 129th Terrace Road has a total of 1,760 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 455 sqft. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. 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. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5810 Southwest 129th Terrace Road was last sold in Feb 26, 2021 for $249,000. According to our calculations, that's $112.42 per sqft. Prior to that sales transaction, the property was sold for $15,000 in Jul 3, 2020. Current property owners are expected to pay $3,286 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2018. The property on 5810 Southwest 129th Terrace Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $227,072. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Quality: C
  • Building Style: Modern
  • Exterior Walls Type: Concrete block
  • Roof Shape Type: Hip
  • Roof Cover Type: Fiberglass
  • Floor Count: 1
  • Floor Cover: Vinyl
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 455
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 45,738
  • Lot Size Depth Feet: 3,050
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 2,215
  • Gross Building Area: 2,495
  • Building Area: 1,760
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,760
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: ROLLING HILLS
  • Land Acres: 1.05
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SEC 05 TWP 16 RGE 20 PLAT BOOK L PAGE 047 ROLLING HILLS UNIT 4 BLK 134 LOT 6 E 1/2

Ownership

  • Current Owner : MORILLO JEAN JAROL
  • Previous Owner : HOPKINS MICHAEL
  • Owner Before Previous Owner: ESCOBAR FRANCISCO SANDINO
  • Owner Before Previous Owner 2: BADILLO GLADYS B
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 002604

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 76
  • Subdivision Tract Number: 6
  • Parcel: 3494-134-006
  • Block: 134
  • Lot: 6
  • Meridian: SEC 5 TWN 16S RNG 20E
  • Municipality: HILLS OF OCALA
  • Latitude: 29.1298
  • Longitude: -82.3344

    Address

  • Full Address: 5810 Sw 129th Terrace Rd
  • Address - House Number: 5810
  • Street Direction: SW
  • Address - Street Name: 129th Terrace
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Ocala
  • Carrier Code: R114
  • 4-Digit Zip Code: 5680
  • Zip Code: 34481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,286
  • Intital Tax Deliquent Year: 2018
  • Tax Rate Code Area: 5072

    Appraisal Valuation

  • Standard Deviation: 0.2228
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 69
  • Final Value: 344,316
  • High Value: 421,063
  • Low Value: 267,569

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $301,515
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Mar 02, 2021
  • First Open Lien Mortgage Loan Amount: $251,515
  • 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: Mar 01, 2051
  • Second Open Lien Mortgage Lender: FLORIDA CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Mar 14, 2022
  • Second Open Lien Mortgage Loan Amount: $50,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $299,706
  • Market Land Value: $31,500
  • Market Improvement Value: $268,206

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $227,072

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 26, 2021
  • Current Sale Recording Date: Mar 02, 2021
  • Current Sale Transaction ID: 11823879179
  • Current Sale Price: $249,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021026385
  • Previous Sale Recording Date: Jul 08, 2020
  • Previous Sale Contract Date: Jul 03, 2020
  • Previous Sale Amount: $15,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Mar 02, 2021
  • First Mortgage Loan Amount: $251,515
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

About Marion



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Frequently Asked Questions

What neighborhood is 5810 Southwest 129th Terrace Road located in?
The 5810 Southwest 129th Terrace Road is a located in the neighborhood of Fellowship in Marion, Ocala.
What is the average sales price for listings in 5810 Southwest 129th Terrace Road?
The average sales price for units in 5810 Southwest 129th Terrace Road is $0 currently.

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