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$37,500
● Land - Off Market

Malauka LOOP

OCKLAWAHA, FL
bedrooms
Studio
bathrooms
0 Bath
$43,341
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Come enjoy the peace and quiet in a very private part of Marion Co. and leave the big city behind. This lot has a beautiful Western view over Sunset Lake. This is an area with plenty of wildlife yet on a paved road with electric to the site. Sunset Lake backs up to a 1,150 acre active Citrus & Cattle ranch guaranteeing those sunset views will last a long time. The lot has slope down to the lakefront which would allow for a walkout basement. Sunset Lake is a clear, 10 acre lake; it has an avg depth of 25'. Deed Restrictions only call for a min. 1,200 sf home on all lakes. Agent/ Owner willing to hold a private mortgage on purchase. Owner has 15 lots in the immediate area, including 8 on Sunset Lake. Perfect place for a family compound. Close to The Villages, Weirsdale and Ocklawaha
Unit Size
-
Days on Market
-
Land Size
0.37 acres
Price per sqft
-
Property Type
Land
Property Taxes
$25
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #G5027920)

Price History

Date / Event Date Event Price
Jul 8, 2021 Sold
Premium
Sold

Property Highlights

Exterior Details
Waterfront Features: Lake
Waterview: Lake
Waterbody Name: Sunset Lake
Building Area Units: Square Feet
Lot Features: Buildable, In County
Lot Size Area: 16117
Lot Size Units: Square Feet
Lot Size Acres: 0.37
Lot Size Square Feet: 16117
Lot Size Dimensions: 97 x 167
Tax Lot: 12
Water Source: Canal/Lake For Irrigation
Financial Details
Tax Annual Amount: $298
Utilities Details
Sewer : Septic Needed

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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STELLAR

Listed by: Lee Johnson
TYRE & TAYLOR REALTY, INC.
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# G5027920
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.
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