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8920 Southwest 9th Terrace

8920 Southwest 9th Terrace, Ocala, FL 34476
Property in Belleview
Sold May 13, 2019
$500,000
$300,000 by Branch Banking And Trust Co
Mortgage Due Jun 01, 2049
Sold Jul 03, 2017
$125,000
Local assessors in Ocala, FL have categorized 8920 Southwest 9th Terrace as a residential type of property. The home was built in 2019 and is 5 years old. The property's lot size has been calculated to be 168,577 square feet. The linear feet between the front and back of the lot was measured at 4,800 ft and the front of the lot was measured at 3,510 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a modern style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 8920 Southwest 9th Terrace has a total of 2,504 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a well system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 747 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a hip style roof that was made of fiberglass. Lots of materials we are unsure of were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a heat pump is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 8920 Southwest 9th Terrace sold most recently in May 10, 2019 for a total of $500,000. If you work out the math, that's approximately a cost of $153.80 per sqft. Before that, the property was also sold for $125,000 in Jun 28, 2017. 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 $5,551 in taxes each year. 8920 Southwest 9th Terrace was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $373,294. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 13
  • Building Quality: B
  • Building Style: Modern
  • Exterior Walls Type: Other
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Fiberglass
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Tile
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 747
  • Parking Space Count: 3
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 168,577
  • Lot Size Depth Feet: 4,800
  • Lot Size Frontage Feet: 3,510
  • Total Building Area: 3,251
  • Gross Building Area: 3,690
  • Building Area: 2,504
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 2,504
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: BRIDLE RUN
  • Land Acres: 3.87
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SEC 18 TWP 16 RGE 22 PLAT BOOK 004 PAGE 083 BRIDLE RUN LOT 28

Ownership

  • Current Owner : SPRECHMAN HARRISON
  • Current Owner 2: SPRECHMAN RACHEL
  • Previous Owner : SPRECHMAN DAVID
  • Previous Owner 2: SPRECHMAN DEBRA
  • Owner Before Previous Owner: CRIPPEN JEFF
  • Owner Before Previous Owner 2: CRIPPEN APRIL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 000901

Zoning

  • Zoning: A1

Geography

  • Assessors Map Reference: MAP 182
  • Parcel: 3677-028-000
  • Lot: 28
  • Meridian: SEC 18 TWN 16S RNG 22E
  • Municipality: COUNTY - SJRWMD-OR
  • Latitude: 29.0934
  • Longitude: -82.1469

    Address

  • Full Address: 8920 Sw 9th Ter
  • Address - House Number: 8920
  • Street Direction: SW
  • Address - Street Name: 9th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Ocala
  • Carrier Code: R059
  • 4-Digit Zip Code: 8706
  • Zip Code: 34476

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,551
  • Tax Rate Code Area: 9001

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 77
  • Final Value: 623,036
  • High Value: 733,612
  • Low Value: 512,460

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $540,000
  • First Open Lien Mortgage Lender: BRANCH BANKING AND TRUST CO
  • First Open Lien Mortgage Recording Date: May 13, 2019
  • First Open Lien Mortgage Loan Amount: $300,000
  • 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: Jun 01, 2049
  • Second Open Lien Mortgage Lender: MIDFLORIDA CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Jul 21, 2022
  • Second Open Lien Mortgage Loan Amount: $240,000
  • Second Open Lien Mortgage Term: 240
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jul 15, 2042

    Market Valuation

  • Market Total Value: $529,326
  • Market Land Value: $125,775
  • Market Improvement Value: $403,551

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $373,294

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 10, 2019
  • Current Sale Recording Date: May 13, 2019
  • Current Sale Transaction ID: 11609667320
  • Current Sale Price: $500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019047827
  • Previous Sale Recording Date: Jul 03, 2017
  • Previous Sale Contract Date: Jun 28, 2017
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BRANCH BANKING AND TRUST CO
  • First Mortgage Transaction Date: May 13, 2019
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2049

About Marion



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Frequently Asked Questions

What neighborhood is 8920 Southwest 9th Terrace located in?
The 8920 Southwest 9th Terrace is a located in the neighborhood of Belleview in Marion, Ocala.
What is the average sales price for listings in 8920 Southwest 9th Terrace?
The average sales price for units in 8920 Southwest 9th Terrace is $0 currently.

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