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Silver Springs Shores 34472
8941 SE 88TH LANE
$155,000
● House - Off Market

8941 SE 88TH LANE

OCALA, FL 34472
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,012 Ft²
$1,008
Est. Monthly
16.19%
Cap Rate

About This Property

This well-maintained 3-bedroom, 2-bath home with a 1-car garage offers 1,012 square feet of fully tiled living space, creating a clean, low-maintenance interior perfect for everyday comfort. The roof was replaced in 2023, and the HVAC system was updated in 2014, providing valuable long-term reliability. Conveniently located in southeast Ocala, the property offers easy access to major roadways, making commuting, shopping, and dining simple and efficient. Whether you're searching for a primary residence or an investment opportunity, this home delivers dependable value in a well-connected location. Call for your showing today!
Unit Size
1,012 Ft²
Days on Market
54 days
Land Size
0.17 acres
Price per sqft
$163
Property Type
House
Property Taxes
$197
HOA Dues
-
Year Built
1979

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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 #OM706798)

Price History

Date / Event Date Event Price
Sep 26, 2025 Sold
Premium
Sold
Sep 18, 2025 In contract -
In contract
Sep 8, 2025 Price Decreased $165,000
↓ $10K (5.7%)
Price Decreased
Aug 15, 2025 Relisted $174,900
Relisted
Aug 12, 2025 In contract -
In contract
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 4
  • Building Quality: 10
  • 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: 11
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 276
  • Parking Space Count: 1
  • Patio Type: 5
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,288
  • Gross Building Area: 1,358
  • Building Area: 1,012
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,012
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SILVER SPRINGS SHORES
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: SEC 16 TWP 16 RGE 23 PLAT BOOK J PAGE 459 SILVER SPRINGS SHORES UNIT 68 BLK 723 LOT 2

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 001204

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 254
  • Parcel: 9068-0723-02
  • Block: 723
  • Lot: 2
  • Meridian: SEC 16 TWN 16S RNG 23E
  • Municipality: SSS
  • Latitude: 29.0931
  • Longitude: -82.0051

    Address

  • Full Address: 8941 Se 88th Ln
  • Address - House Number: 8941
  • Street Direction: SE
  • Address - Street Name: 88th
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Ocala
  • Carrier Code: R090
  • 4-Digit Zip Code: 3024
  • Zip Code: 34472

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $217,914
  • Tax Rate Code Area: 7011

    Appraisal Valuation

  • Standard Deviation: 0.2616
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 62
  • Final Value: 182,950
  • High Value: 230,828
  • Low Value: 135,072

    Market Valuation

  • Market Total Value: $128,086
  • Market Land Value: $19,000
  • Market Improvement Value: $109,086

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $81,508

    Sales

  • Current Sale Contract Date: Jan 23, 2018
  • Current Sale Recording Date: Feb 02, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018010703
  • Previous Sale Recording Date: Feb 16, 2016
  • Previous Sale Contract Date: Feb 10, 2016
  • Previous Sale Amount: $59,000
  • 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 Silver Springs Shores

Stats & Trends

Median Asking:

$185,000

Sale Price/ft²

$143

Below Asking

0.04%

Average Days on Market

77

Average Home Size

1225 ft²

Average Home Age

44.1 years

Currently For Sale

156 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 9371 Se 108th Place, BELLEVIEW, FL, 34420

$2,500 /mo

  • 4 Beds
  • 3 Baths
  • 2,045 ft²
9371 Se 108th Place, BELLEVIEW, FL, 34420 Listing by Navin Singh

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Tyler Stump
RESOLUTE REAL ESTATE LLC
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# OM706798
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 8941 Southeast 88th Lane built and last sold?
The property at 8941 Southeast 88th Lane was built in 1979 and last sold on Jan 23, 2018 for $604,000.
How much is this home worth?
The estimated value of the home located at 8941 Southeast 88th Lane is $166,059.
What are some comparable homes to 8941 Southeast 88th Lane?
There are currently no comparable homes to 8941 Southeast 88th Lane.
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