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Marion 34472
7 Teak Ct
$215,000
● House - Off Market

7 Teak Ct

OCALA, FL 34472
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,530 Ft²
$1,214
Est. Monthly
8.56%
Cap Rate

About This Property

Upon entering this home, you will be greeted by the exceptional craftsmanship of this original Fairbanks Construction home. The spacious great room, adorned with vaulted ceilings, seamlessly combines the family and living room, creating a welcoming and open atmosphere. Adjacent to the living room, a versatile bonus room awaits, offering endless possibilities for use. In addition to its charming layout, this home boasts plentiful closet space along with a dining area that features a stunning bay window, allowing an abundance of natural light to flood the space. The primary bedroom offers an impressive size, providing a peaceful retreat within your home. The roof was replaced in 2016, and the HVAC system was replaced in 2020.Experience the beauty and comfort of this home firsthand by scheduling a viewing today!
Unit Size
1,530 Ft²
Days on Market
91 days
Land Size
0.23 acres
Price per sqft
$150
Property Type
House
Property Taxes
$85
HOA Dues
-
Year Built
1988

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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: 2 years ago (Stellar MLS #OM684250)

Price History

Date / Event Date Event Price
Nov 20, 2024 Sold
Premium
Sold
Aug 24, 2024 In contract -
In contract
Aug 21, 2024 Listed by NEXT GENERATION REALTY OF MARION COUNTY LLC $229,900
Listed by NEXT GENERATION REALTY OF MARION COUNTY LLC
Jul 19, 2003 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 4
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 10
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • 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: 550
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 111
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,080
  • Gross Building Area: 2,440
  • Building Area: 1,530
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 8
  • Heated Square Feet: 1,530
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SILVER SPRINGS SHORES
  • Land Acres: 0000000230
  • 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 23 BLK 500 LOT 73

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 232
  • Parcel: 9023-0500-73
  • Block: 500
  • Lot: 73
  • Meridian: SEC 19 TWN 15S RNG 23E
  • Municipality: COUNTY - SJRWMD-OR
  • Latitude: 29.1653
  • Longitude: -82.0388

    Address

  • Full Address: 7 Teak Ct
  • Address - House Number: 7
  • Address - Street Name: Teak
  • Address - Suffix Type: Ct
  • State: FL
  • City Name: Ocala
  • Carrier Code: R016
  • 4-Digit Zip Code: 9043
  • Zip Code: 34472

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $101,810
  • Tax Rate Code Area: 9001

    Appraisal Valuation

  • Standard Deviation: 0.2476
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 65
  • Final Value: 255,685
  • High Value: 319,013
  • Low Value: 192,358

    Market Valuation

  • Market Total Value: $201,465
  • Market Land Value: $19,000
  • Market Improvement Value: $182,465

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $82,102

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 16, 2003
  • Current Sale Recording Date: Jul 19, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2003-091930
  • Previous Sale Recording Date: Jun 07, 2001
  • Previous Sale Contract Date: Apr 24, 2001
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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

83

Average Home Size

1874 ft²

Average Home Age

21.2 years

Currently For Sale

5240 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

$1,750 /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: Jacqueline Smith
NEXT GENERATION REALTY OF MARION COUNTY LLC
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# OM684250
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 7 Teak Court built and last sold?
The property at 7 Teak Court was built in 1988 and last sold on Jul 16, 2003 for $97,000.
How much is this home worth?
The estimated value of the home located at 7 Teak Court is $0.
What are some comparable homes to 7 Teak Court?
There are currently no comparable homes to 7 Teak Court.
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