$87,000
●
Condo -
Off Market
621 Midway DRIVE #B
OCALA, FL 34472
2 Beds
2 Baths
1,108 Ft²
$896
Est. Monthly
$263
HOA / Fees
10.69%
Cap Rate
About This Property
Breathtaking views from this great 2/2 condo on Sparkle Lake. Great
neighborhood and great neighbors. Enjoy a tranquil paradise
setting
to enjoy retirement or full time Florida living! This home has 2 bedrooms and 2 full bathrooms, a large living room with a connecting dining room, kitchen has a pass through window to the fining room and a very large Lanai with beautiful view of the Lake. Faces west so spectacular sunsets! Home is Original and need your input and updates to make this fabulous location your forever or winter home!! Enjoy the community pool, long walks through the neighborhood, and and also the Silver Springs Community Center. This is Free to all Condo Owners. You pay $5 for a laminate badge. 3 Pools, 1 Jacuzzi, Pickleball, Fitness Center, a lake and so much more to enjoy. Parks, Doctors, Shopping, Restaurants within minutes. Silver Springs State Park is 8 miles away and the World Equestrian Center is 19 Miles away...
to enjoy retirement or full time Florida living! This home has 2 bedrooms and 2 full bathrooms, a large living room with a connecting dining room, kitchen has a pass through window to the fining room and a very large Lanai with beautiful view of the Lake. Faces west so spectacular sunsets! Home is Original and need your input and updates to make this fabulous location your forever or winter home!! Enjoy the community pool, long walks through the neighborhood, and and also the Silver Springs Community Center. This is Free to all Condo Owners. You pay $5 for a laminate badge. 3 Pools, 1 Jacuzzi, Pickleball, Fitness Center, a lake and so much more to enjoy. Parks, Doctors, Shopping, Restaurants within minutes. Silver Springs State Park is 8 miles away and the World Equestrian Center is 19 Miles away...
Unit Size
1,108 Ft²
Days on Market
79 days
Land Size
0.01 acres
Price per sqft
$90
Property Type
Condo
Property Taxes
$142
HOA Dues
$263
Year Built
-
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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 #OM671352)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 10, 2024 | Sold | ||
| Sold | |||
| Mar 23, 2024 | In contract | - | |
| In contract | |||
| Jan 22, 2024 | Listed by REMAX/PREMIER REALTY | $99,900 | |
| Listed by REMAX/PREMIER REALTY | |||
Property Highlights
Air Conditioning
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fans(s), High Ceiling(s), Living Room/Dining Room Combo, Walk-In Closet(s), Window Treatments
Appliances: Disposal, Electric Water Heater, Range, Refrigerator
Flooring Type: Carpet, Tile
Laundry Features: In Kitchen, None
Rooms: 6
Exterior Details
Square Footage: 1108
Square Footage Source: $0
Year Built: 1972
Waterfront Features: Lake
Waterview: Lake
Waterbody Name: Lake Sparkle
Building Area Total: 1275
Levels: One
Construction Materials: Stucco, Wood Frame
Lot Size Area: 569
Lot Size Units: Square Feet
Lot Size Acres: 0.01
Lot Size Square Feet: 569
Water Source: Public
Financial Details
Tax Annual Amount: $1,700
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Common Area Taxes, Community Pool, Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Pool Maintenance, Trash
HOA Fee: $263
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/22/2024
|
2 Bed
|
2 Bath
|
1108 ft²
|
$99,900
2 Bed
2 Bath
1108 ft²
|
$87,000
-12.91%
04/10/2024
|
Marie Evans
RE/MAX PREMIER REALTY
| |
|
07/27/2022
|
2 Bed
|
2 Bath
|
1108 ft²
|
$132,500
2 Bed
2 Bath
1108 ft²
|
$122,000
-7.92%
12/15/2022
|
Carol Castineira
FOXFIRE REALTY
|
Building Info
About Silver Springs Shores
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Listed by: Marie Evans
REMAX/PREMIER REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OM671352
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.
REMAX/PREMIER REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OM671352
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017