5500 SE 24th Street, photo 1
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Overview

0 baOther
TypeOther
HOANone listed
Lot1,481,040 sqft

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

5500 SE 24th Street is a home Ocala.

From the listing

Excellent residential subdivision development parcel located within established residential neighborhood. Land use provides for up to 270 units (8 units/acre), however, four to five units per acre for a non rental subdivision have a higher probability of zoning approvals. The property is currently zoned A-1 Agriculture and will need to be rezoned to PUD with Marion County. Close to Maplewood Elementary (1.2 miles) and Forest High School (2.7 miles). Publix, the YMCA, Zaxby's, Dunkin Donuts, Sonic, McDonalds, Planet Fitness, Starbucks and Chase Bank are a five to seven minute drive west. Jervey Gantt recreational park, Shocker baseball/softball park and the Baseline Trailhead to the Greenway are also within a five minute drive. Central water is located within 250'+/- along north boundary on SE 24th Street, sewer lines are 1,300'+/- west along Baseline Road. (See utility map.) Public records indicate no FEMA floodplain issues. Property provides three ingress/egress points for access. Sellers wish to retain three of the 37.78 acre parent parcel for private residence.

The essentials

On market
1531 days
Annual tax
$3,636
Lot
1,481,040 sqft
Type
Other

At a glance

Payment

Est. monthly payment
$14,534/mo
Down payment (20%)
$498,000
Property taxes
$303/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Other
Year Built
-
Lot
1,481,040 sqft
Cooling
-
Heating
-
Parking
-
Days on Market
1531
Annual Tax (2021)
$3,636

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

County
Marion
Lot Size
1,481,040 sqft

Price history

Date
Event
Price
-
Price change
Source: Stellar MLS #OM643873
$2,490,000-26.8%
8/2/2022
Listed for sale
Source: Stellar MLS #OM643873
$3,400,000

Neighborhood

5500 SE 24th Street
Ocala, FL, 34480

Market insights

Offer Insights

Choose an offer strength

List price: $2,490,000
$2.47M – $2.49M
99.4% – 100% of listTops out right at the list price
80% of listList price
95 of the last 189 home closings in 34480 landed at this number or higher (50%). The median one sat 49 days before it went under contract, and this one is on day 1531 after a $910,000 cut.

Sample: 189 closed home sales in 34480 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$14,534/mo
Principal & interest$12,986
Property taxes$303
Insurance$1,245
Down payment20% · $498,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$2,490,000

Time on market

1531 days

Monthly payment

About $14,534/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $3,636 annual tax bill, insurance.

Offer

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Have another question?

Brokered bySVN MCDONALD & COMPANYListing agent: Bartow McDonald IVListing data from Stellar MLS, MLS# OM643873.

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