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507 SE 40th Ter, Ocala, FL, 34471

$387,500

Home List Price

$4,602*

Closing Credit

3 Bedrooms
3 Full Baths, 1 Partial
2,106 SqFt
$184/SqFt
House
Schools Nearby

Location

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507 SE 40th Ter, Ocala$387,500

Buyer Closing Credits

$4,602*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1967
HeatingCentral, Electric, Natural Gas
CoolingCentral Air, Zoned
FireplaceWood Burning
Private PoolYes
MLS #OM675386
Lot Size0.45 Acres
StatusActive

About 507 SE 40th Ter

Home Warranty! Welcome home to this spacious 3 bedroom, 3 and a half bath home nestled on an almost half acre lot (.45ac) in the heart of SE Ocala, FL. When you arrive, you notice the oversized driveway with plenty of parking space. Step inside to discover a unique floor plan that maximizes space and functionality, offering endless possibilities for relaxation and entertainment, with everything updated and upgraded. You will see beautiful travertine floors, a kitchen to delight any culinary enthusiast, with plenty of cabinet space, granite counters, stainless appliances, plus a large farm sink with upgraded faucet. The kitchen and dining area look to the substantial wood burning fireplace, perfect for gatherings. Don't miss the spa like primary bathroom with a large soaking tub, enclosed shower area and upgraded finishes. Stepping out the back door, the property boasts a screen-enclosed pool, with a covered area to relax in any weather. This home invites you to indulge in luxurious outdoor living year-round with the pool area, plus an outdoor fire pit area and a covered structure for hanging out, work out space, the sky is the limit! The backyard is fenced. New roof 2021. New tankless water heater 2020. Home warranty offered for list price offers!

Property Details

Property Features

Property Information:

  • Year Built: 1967
  • Stories: 1
  • Living Area: 2,106 SqFt

Listing Office:

  • Office Name: NEXTHOME PROFESSIONAL REALTY
  • Office Phone: (352) 572-6940
  • Listing Agent: Courtney Moody

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Flooring Type: Hardwood, Tile, Travertine
  • Interior: Ceiling Fans(s), Stone Counters, Thermostat
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Exterior: Other

Lot Features

Lot Information:

  • Lot: Cleared
  • Lot Size: 0.45 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric, Natural Gas
  • Cooling: Central Air, Zoned

School Info

Assigned Schools Information:

  • Forest High School, Public Magnet Grades 9-12
  • Fort King Middle School, Public District Grades 6-8
  • Ward-Highlands Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From Silver Springs Blvd / Hwy 40 and NE 36th Ave. Go south on NE 36th Ave to left on SE 3rd St. Follow to SE 40th Terr. Turn right to home on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $387,500
  • Price Per SqFt: $184/SqFt

Tax Information:

  • Annual Amount: $3,226
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Ocala, FL.

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Ocala, FL

City

Med. Sold Price

$279.8K

Med. Price/SqFt

$173

Avg. Days On Market

61

# of Sold Homes

587

507 SE 40th Ter vs Ocala

34 DAYS ON ROCKET

-27 Days

$387,500

+$107.6K More

$184/SqFt

+$11 More

KEY TAKEAWAY

This property is $107.6K more than the Median Sold Price and $11/SqFt more than other homes in Ocala, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #OM675386

Listing Office:

  • Office Name: NEXTHOME PROFESSIONAL REALTY
  • Office Phone: (352) 572-6940
  • Listing Agent: Courtney Moody

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/1/2024, 10:19:17 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 15, 2021Home Sold
$311,500
Jun 11, 2014Home Sold
$176,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,226$176,411
2018$2,665$145,905
2017$2,411$132,641

History based on county public records data.

Payment Calculator

$2,001

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,228

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4413695
6
/10

  • Ward-Highlands Elementary School

  • 537 SE 36th Ave

  • 0.34 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4413696
3
/10

  • Fort King Middle School

  • 545 NE 17th Ave

  • 2.24 miles

  • Public District Grades 6-8

High School

school-card-donut-4413697
5
/10

  • Forest High School

  • 5000 SE Maricamp Rd

  • 2.89 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $74,077. The most common annual income of people living in Ocala, FL is between $35k-100k. The majority of families are married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 507 SE 40th Ter

What is the listing price of this property?

The listing price of 507 SE 40th Ter property is $387,500.

What type of property is this?

The property 507 SE 40th Ter is a house located in Ocala, Florida, 34471.

Is this property for sale now?

Active Listing: 507 SE 40th Ter is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 507 SE 40th Ter are:
Ward-Highlands Elementary School: GreatSchools Rating 6/10
Fort King Middle School: GreatSchools Rating 3/10
Forest High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,226 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 15, 2021 for $311,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 507 SE 40th Ter has 3 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 507 SE 40th Ter is 2,106 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 507 SE 40th Ter is 1967.

Rocket Homes›Florida›Marion County›Ocala›34471›507 SE 40th Ter

This home is located at 507 SE 40th Ter in Ocala, FL and zip code 34471 in the Eastwood Park neighborhood. This 2,106 square foot home, which was built in 1967, sits on a 0.45 acre lot. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $387,500.

Ocala, FL housing market in April 2024 saw over 78 listings sold above listed price, more than 198 sold at listed price and over 311 sold below. In April 2024 in Ocala, FL there were 2.3% less homes for sale than in March 2024. The median list price of listings available in April 2024 was $279,822, while the average time on the real estate market was 61 days.

From Rocket Homes Real Estate and based on county public records data.

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