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7958 Southwest 89th Loop

7958 Southwest 89th Loop, Ocala, FL 34481
Property in Ocala
Sold Mar 29, 2021
$230,000
$130,000 by Bmo Harris Bank Na
Mortgage Due Apr 01, 2051
Sold May 20, 2020
$220,000
$176,000 by First Federal Bank
Mortgage Due Jun 01, 2050
7958 Southwest 89th Loop has been categorized by the local assessors in Ocala, FL as a residential type of property. The building on the property was first built in 2017 and is 7 years old. The home has a total of 2 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 7958 Southwest 89th Loop has 1,495 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,200 ft and across the front of the lot is 570 ft. The area measurement of the land has been determined as 6,970 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a modern style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 461 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a hip style roof made of fiberglass. The exterior walls of the building are made of concrete block. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 7958 Southwest 89th Loop sold most recently in Mar 29, 2021 for a total of $230,000. If you work out the math, that's approximately a cost of $117.59 per sqft. Before that, the property was also sold for $220,000 in May 20, 2020. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,773 in taxes each year. 7958 Southwest 89th Loop was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $234,495. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Quality: B
  • Building Style: Modern
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Fiberglass
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Ceramic
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 461
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,970
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 570
  • Total Building Area: 1,956
  • Gross Building Area: 2,270
  • Building Area: 1,495
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,495
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: INDIGO EAST SOUTH PHASE 1
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SEC 18 TWP 16 RGE 21 PLAT BOOK 013 PAGE 016 INDIGO EAST SOUTH PHASE 1 A REPLAT OF A PORTION OF CIRCLE SQUARE WOODS & REPLAT OF PORTION OF TR J INDIGO EAST PHASE 1 & REPLAT OF PORTION OF TR A-1 & L-7 LOT 39

Ownership

  • Current Owner : BAYER STEVEN J
  • Current Owner 2: BAYER MARZENA
  • Previous Owner : BURKETT JOHN K
  • Previous Owner 2: BURKETT ANNE MARIE
  • Owner Before Previous Owner: ON TOP OF THE WORLD COMMUNITIES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • Census Tract: 001010

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: MAP 131
  • Parcel: 3566-001-039
  • Lot: 39
  • Meridian: SEC 18 TWN 16S RNG 21E
  • Municipality: COUNTY - SWFWMD-WR
  • Latitude: 29.0936
  • Longitude: -82.2503

    Address

  • Full Address: 7958 Sw 89th Loop
  • Address - House Number: 7958
  • Street Direction: SW
  • Address - Street Name: 89th
  • Address - Suffix Type: Loop
  • State: FL
  • City Name: Ocala
  • Carrier Code: R108
  • 4-Digit Zip Code: 6438
  • Zip Code: 34476

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,773
  • Tax Rate Code Area: 9002

    Appraisal Valuation

  • Standard Deviation: 0.2414
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 66
  • Final Value: 297,863
  • High Value: 369,769
  • Low Value: 225,957

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $130,000
  • First Open Lien Mortgage Lender: BMO HARRIS BANK NA
  • First Open Lien Mortgage Recording Date: Mar 29, 2021
  • First Open Lien Mortgage Loan Amount: $130,000
  • 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: Apr 01, 2051

    Market Valuation

  • Market Total Value: $263,654
  • Market Land Value: $18,554
  • Market Improvement Value: $245,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $234,495

    Sales

  • Current Sale Contract Date: Mar 29, 2021
  • Current Sale Recording Date: Mar 29, 2021
  • Current Sale Transaction ID: 11828265200
  • Current Sale Price: $230,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021040141
  • Previous Sale Recording Date: May 20, 2020
  • Previous Sale Contract Date: May 20, 2020
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BMO HARRIS BANK NA
  • First Mortgage Transaction Date: Mar 29, 2021
  • First Mortgage Loan Amount: $130,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FIRST FEDERAL BANK
  • Previous Mortgage Transaction Date: May 20, 2020
  • Previous Mortgage Loan Amount: $176,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2050

About Marion



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Frequently Asked Questions

What neighborhood is 7958 Southwest 89th Loop located in?
The 7958 Southwest 89th Loop is a located in the neighborhood of Ocala in Marion, Ocala.
What is the average sales price for listings in 7958 Southwest 89th Loop?
The average sales price for units in 7958 Southwest 89th Loop is $0 currently.

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