by RH Advisors

See Home Value
Ocala 34470
950 NE 5th STREET
$160,000
House - Off Market

950 NE 5th STREET

OCALA, FL 34470
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1569 Sqft
$1,050
Estimated Monthly
10.65%
Cap Rate

About This Property

An investor opportunity! This bungalow is located just a stone's throw away from the Downtown Ocala Square. Gently shaded by mature trees and just over a quarter of an acre, the home offers a total of 3-bedrooms and 2-baths with over 1,500 sq.ft. of space. With a creative touch, the home's potential could be fully realized with some thoughtful updates and additional customizations as you see fit. This could serve as a wonderful opportunity for flippers looking for their next project or those looking for a property with future rental options. Downtown Ocala's many shopping, dining, medical, and entertainment options are mere minutes away, and there are several parks within walking distance including Tuscawilla Park, Chazal Park, and Wyomina Park. If you're looking for a property filled with potential, look no further!
Unit Size
1,569Ft²
Days on Market
142 days
Land Size
0.26 acres
Price per sqft
$117
Property Type
House
Property Taxes
$146
HOA Dues
-
Year Built
1953
Last updated: 6 months ago (Stellar MLS #OM663427)

Price History

Date / Event Date Event Price
Jan 18, 2024 Sold $160,000
Sold
Dec 14, 2023 In contract -
In contract
Nov 14, 2023 Relisted $184,000
Relisted
Oct 25, 2023 No longer available -
No longer available
Sep 16, 2023 Relisted $184,000
Relisted
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Quality: D
  • Building Style: Modern
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Fiberglass
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,569
  • Gross Building Area: 2,052
  • Building Area: 1,569
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,569
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WYOMINA TERRACE
  • Land Acres: 0.26
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SEC 17 TWP 15 RGE 22 PLAT BOOK B PAGE 253 WYOMINA TERRACE LOT 101

Ownership

  • Current Owner : WALKER & WALKER HOLDINGS LLC
  • Previous Owner : JOSETTE K GRASSIE DECLARATION OF TRUST
  • Owner Before Previous Owner: WOOD JESSICA H
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 002001

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: MAP 179
  • Parcel: 2831-101-000
  • Lot: 101
  • Meridian: SEC 17 TWN 15S RNG 22E
  • Municipality: OCALA
  • Latitude: 29.1916
  • Longitude: -82.1271

    Address

  • Full Address: 950 Ne 5th St
  • Address - House Number: 950
  • Street Direction: NE
  • Address - Street Name: 5th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Ocala
  • Carrier Code: C003
  • 4-Digit Zip Code: 5960
  • Zip Code: 34470

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,106
  • Tax Rate Code Area: 1001

    Appraisal Valuation

  • Standard Deviation: 0.1005
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 90
  • Final Value: 179,203
  • High Value: 197,215
  • Low Value: 161,192

    Market Valuation

  • Market Total Value: $130,682
  • Market Land Value: $35,625
  • Market Improvement Value: $95,057

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $85,826

    Sales

  • Current Sale Contract Date: Jan 16, 2024
  • Current Sale Recording Date: Jan 18, 2024
  • Current Sale Transaction ID: 11919637832
  • Current Sale Price: $160,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 6871
  • Previous Sale Recording Date: May 09, 2012
  • Previous Sale Contract Date: May 04, 2012
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: AMERISAVE MORTGAGE CORP
  • Previous Mortgage Transaction Date: May 09, 2012
  • Previous Mortgage Loan Amount: $51,950
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2042



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,516 ft²
$134/ft²
$202,500 Oct 11, 2023
$202,500 Dec 13, 2023
$62/mo
House
2 Beds
1 Bath
1,032 ft²
$201/ft²
$207,000 Sep 15, 2023
$207,000 Nov 20, 2023
$42/mo
House
2 Beds
1 Bath
936 ft²
$179/ft²
$168,000 Sep 22, 2023
$168,000 Oct 31, 2023
$121/mo
House
2 Beds
1 Bath
958 ft²
$168/ft²
$161,000 Jul 27, 2023
$161,000 Aug 18, 2023
$113/mo
House
2 Beds
1 Bath
786 ft²
$214/ft²
$168,500 Jul 28, 2023
$168,500 Oct 27, 2023
$82/mo
House
3 Beds
2 Baths
1,517 ft²
$145/ft²
$219,985 Jul 13, 2023
-
$135/mo
House
2 Beds
1 Bath
1,046 ft²
$148/ft²
$155,000 Jan 13, 2024
-
$143/mo
House
2 Beds
1 Bath
1,100 ft²
$199/ft²
$219,000 Sep 1, 2023
-
$136/mo
House
2 Beds
1 Bath
1,117 ft²
$192/ft²
$214,900 Dec 5, 2023
-
$113/mo
House
2 Beds
2 Baths
700 ft²
$217/ft²
$151,900 Jan 17, 2024
-
$35/mo
Land
Loft
-
-
$194,500 Feb 21, 2022
-
$256/mo

About Ocala


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Frequently Asked Questions

When was property at 950 Northeast 5th Street built and last sold?
The property at 950 Northeast 5th Street was built in 1953 and last sold on Jan 16, 2024 for $160,000.
How much is this home worth?
The estimated value of the home located at 950 Northeast 5th Street is $190,862.
What are some comparable homes to 950 Northeast 5th Street?
Homes that are comparable to 950 Northeast 5th Street include a house property at 827 Northeast 9th Street, 1143 Northeast 9th Street, 1052 Northeast 14th Street.

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