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Marion 34472
6520 Cherry ROAD
$265,000
● House - Off Market

6520 Cherry ROAD

OCALA, FL 34472
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,855 Ft²
$279,056
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Come fall in love with this charming, well-kept, detached single story home in front of a county-owned vacant piece of land with no back neighbors. Enjoy more than 1,850 SF, 3 bedrooms, and 2-car garage with screen door in this split-floor plan. Wake up each morning to awe-inspiring green grass in the backyard and drift off to sleep each night with the tranquil silence of the streets, and neighbors. Retaining its value of peaceful living yet conveniently minutes from Silver Springs State Park, Ocala Greenway, downtown Ocala, locally owned shops, community fire station, and delicious eatery. Welcome to the nature Ocala has to offer. A must see!!!
Unit Size
1,855 Ft²
Days on Market
42 days
Land Size
0.25 acres
Price per sqft
$149
Property Type
House
Property Taxes
$251
HOA Dues
-
Year Built
1993

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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 #OM636857)

Price History

Date / Event Date Event Price
Jun 2, 2022 Sold
Premium
Sold
Apr 11, 2022 Listed by LOKATION $276,900
Listed by LOKATION
Aug 7, 2018 Sold
Premium
Sold
Feb 18, 2016 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 4
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 10
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 11
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 556
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 910
  • Total Building Area: 2,411
  • Gross Building Area: 2,604
  • Building Area: 1,855
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 8
  • Heated Square Feet: 1,855
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SILVER SPRINGS SHORES
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: SEC 19 TWP 15 RGE 23 PLAT BOOK J PAGE 181 SILVER SPRINGS SHORES UNIT NO 23 BLK 493 LOT 8

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 001208

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 232
  • Parcel: 9023-0493-08
  • Block: 493
  • Lot: 8
  • Meridian: SEC 19 TWN 15S RNG 23E
  • Municipality: COUNTY - SJRWMD-OR
  • Latitude: 29.1678
  • Longitude: -82.044

    Address

  • Full Address: 6520 Cherry Rd
  • Address - House Number: 6520
  • Address - Street Name: Cherry
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Ocala
  • Carrier Code: R036
  • 4-Digit Zip Code: 3280
  • Zip Code: 34472

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $371,545
  • Tax Rate Code Area: 9001

    Appraisal Valuation

  • Standard Deviation: 0.2228
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 69
  • Final Value: 301,478
  • High Value: 368,676
  • Low Value: 234,279

    Market Valuation

  • Market Total Value: $253,488
  • Market Land Value: $19,000
  • Market Improvement Value: $234,488

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $253,488
  • Assessed Land Value: $19,000
  • Assessed Improvements Value: $234,488

    Sales

  • Current Sale Contract Date: May 23, 2022
  • Current Sale Recording Date: Jun 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 81004
  • Previous Sale Recording Date: Aug 07, 2018
  • Previous Sale Contract Date: Jul 11, 2018
  • Previous Sale Amount: $58,800
  • Previous Sale Document Type: 55
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:

$287,900

Sale Price/ft²

$175

Below Asking

0.03%

Average Days on Market

82

Average Home Size

1872 ft²

Average Home Age

21.4 years

Currently For Sale

5296 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 53 Pecan Run Drive, OCALA, FL, 34472

$1,674 /mo

  • 3 Beds
  • 2 Baths
  • 1,196 ft²
53 Pecan Run Drive, OCALA, FL, 34472 Listing by Danielle Thompson
Unit for rent at 24 Pecan Pass Trail, OCALA, FL, 34472

$1,699 /mo

  • 3 Beds
  • 2 Baths
  • 1,506 ft²
24 Pecan Pass Trail, OCALA, FL, 34472 Listing by Silvia Aizprua

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Usman Murtaza
LOKATION
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OM636857
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 6520 Cherry Road built and last sold?
The property at 6520 Cherry Road was built in 1993 and last sold on May 23, 2022 for $265,000.
How much is this home worth?
The estimated value of the home located at 6520 Cherry Road is $0.
What are some comparable homes to 6520 Cherry Road?
There are currently no comparable homes to 6520 Cherry Road.
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