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Marion 34472
7200 Cherry PASS
$165,000
● House - Off Market

7200 Cherry PASS

OCALA, FL 34472
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,525 Ft²
$188,718
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Great location with this 3 bedroom 2 bath home in a peaceful area on the South East side of Ocala.! Home features 2 car garage, split bedroom floor plan, spacious living room with fireplace, kitchen with stainless steel appliances, enclosed Florida room, and nice sized dining room. Home has shed and screen enclosed cabana. Close to schools, shops, Silver Springs and the Florida Greenway for outdoor exercise, biking and hiking. Call for your showing today!
Unit Size
1,525 Ft²
Days on Market
135 days
Land Size
0.23 acres
Price per sqft
$108
Property Type
House
Property Taxes
$78
HOA Dues
-
Year Built
1985

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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 #OM618338)

Price History

Date / Event Date Event Price
Sep 1, 2021 Sold
Premium
Sold
Apr 13, 2021 Listed by RESOLUTE REAL ESTATE LLC $164,900
Listed by RESOLUTE REAL ESTATE LLC
Sep 10, 2014 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • 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: 7
  • 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: 504
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 111
  • Pool Type: 9

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,340
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,029
  • Gross Building Area: 2,258
  • Building Area: 1,525
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 8
  • Heated Square Feet: 1,525
  • 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 20 TWP 15 RGE 23 PLAT BOOK J PAGE 181 SILVER SPRINGS SHORES UNIT 23 BLK 516 LOT 6

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 232
  • Parcel: 9023-0516-06
  • Block: 516
  • Lot: 6
  • Meridian: SEC 20 TWN 15S RNG 23E
  • Municipality: COUNTY - SJRWMD-OR
  • Latitude: 29.1677
  • Longitude: -82.0348

    Address

  • Full Address: 7200 Cherry Pass
  • Address - House Number: 7200
  • Address - Street Name: Cherry
  • Address - Suffix Type: Pass
  • State: FL
  • City Name: Ocala
  • Carrier Code: R016
  • 4-Digit Zip Code: 9067
  • Zip Code: 34472

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $304,149
  • Tax Rate Code Area: 9001

    Appraisal Valuation

  • Standard Deviation: 0.2616
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 62
  • Final Value: 236,585
  • High Value: 298,499
  • Low Value: 174,671

    Market Valuation

  • Market Total Value: $179,259
  • Market Land Value: $9,500
  • Market Improvement Value: $169,759

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $165,101

    Sales

  • Current Sale Contract Date: Aug 20, 2021
  • Current Sale Recording Date: Sep 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021119688
  • Previous Sale Recording Date: Sep 10, 2014
  • Previous Sale Contract Date: Sep 09, 2014
  • Previous Sale Amount: $64,800
  • Previous Sale Document Type: 71
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

1871 ft²

Average Home Age

21.4 years

Currently For Sale

5273 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: Tyler Stump
RESOLUTE REAL ESTATE LLC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OM618338
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 7200 Cherry Pass built and last sold?
The property at 7200 Cherry Pass was built in 1985 and last sold on Aug 20, 2021 for $165,000.
How much is this home worth?
The estimated value of the home located at 7200 Cherry Pass is $0.
What are some comparable homes to 7200 Cherry Pass?
There are currently no comparable homes to 7200 Cherry Pass.
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