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2612 Northeast 29th Terrace

2612 Northeast 29th Terrace, Ocala, FL 34470
Property in Ocala
Sold Jun 02, 2021
$207,000
$182,000 by Union Home Mortgage Corp
Mortgage Due Jun 01, 2036
Sold Jul 07, 2009
$168,000
$162,800 by Shelter Mortgage Company Llc
Mortgage Due Aug 01, 2039
Local assessors in Ocala, FL have categorized 2612 Northeast 29th Terrace as a residential type of property. The home was built in 2008 and is 16 years old. The property's lot size has been calculated to be 11,761 square feet. The linear feet between the front and back of the lot was measured at 1,300 ft and the front of the lot was measured at 920 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a modern style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2612 Northeast 29th Terrace has a total of 2,247 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 411 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is fair. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a hip style roof that was made of fiberglass. Lots of concrete block were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a heat pump is the primary heating source and it is being fueled with electricity. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2612 Northeast 29th Terrace was last sold in May 11, 2021 for $207,000. According to our calculations, that's $77.88 per sqft. Prior to that sales transaction, the property was sold for $168,000 in Jul 2, 2009. Current property owners are expected to pay $5,398 in taxes per year. The property on 2612 Northeast 29th Terrace was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $285,705. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Fair
  • Building Quality: C
  • Building Style: Modern
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Fiberglass
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 411
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 11,761
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 920
  • Total Building Area: 2,658
  • Gross Building Area: 3,012
  • Building Area: 2,247
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 2,247
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RAVEN GLEN
  • Land Acres: 0.27
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SEC 03 TWP 15 RGE 22 PLAT BOOK 009 PAGE 001 RAVEN GLEN UNIT 2 BLK F LOT 20

Ownership

  • Current Owner : PATEL VATSAL N
  • Previous Owner : PATEL DEEP J
  • Previous Owner 2: PATEL KHUSHBHU
  • Owner Before Previous Owner: HOLIDAY BUILDERS INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 001403

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: MAP 195
  • Parcel: 2461-006-020
  • Block: F
  • Lot: 20
  • Meridian: SEC 3 TWN 15S RNG 22E
  • Municipality: OCALA
  • Latitude: 29.2145
  • Longitude: -82.0959

    Address

  • Full Address: 2612 Ne 29th Ter
  • Address - House Number: 2612
  • Street Direction: NE
  • Address - Street Name: 29th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Ocala
  • Carrier Code: C034
  • 4-Digit Zip Code: 7933
  • Zip Code: 34470

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,398
  • Tax Rate Code Area: 1001

    Appraisal Valuation

  • Standard Deviation: 0.2302
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 68
  • Final Value: 347,448
  • High Value: 427,447
  • Low Value: 267,449

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $182,000
  • First Open Lien Mortgage Lender: UNION HOME MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jun 02, 2021
  • First Open Lien Mortgage Loan Amount: $182,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2036

    Market Valuation

  • Market Total Value: $289,821
  • Market Land Value: $40,000
  • Market Improvement Value: $249,821

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $285,705

    Sales

  • Current Sale Contract Date: May 11, 2021
  • Current Sale Recording Date: Jun 02, 2021
  • Current Sale Transaction ID: 11838585333
  • Current Sale Price: $207,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021074278
  • Previous Sale Recording Date: Jul 07, 2009
  • Previous Sale Contract Date: Jul 02, 2009
  • Previous Sale Amount: $168,000
  • Previous Sale Document Type: Corporation Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNION HOME MORTGAGE CORP
  • First Mortgage Transaction Date: Jun 02, 2021
  • First Mortgage Loan Amount: $182,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2036

    Previous Mortgages

  • Previous Mortgage Lender: SHELTER MORTGAGE COMPANY LLC
  • Previous Mortgage Transaction Date: Jul 07, 2009
  • Previous Mortgage Loan Amount: $162,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Aug 01, 2039

About Ocala



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1240 Ne 39th Road, OCALA, FL, 34470 Listing by Nicky Defalco

Frequently Asked Questions

What neighborhood is 2612 Northeast 29th Terrace located in?
The 2612 Northeast 29th Terrace is a located in the neighborhood of Ocala in Ocala, Ocala.
What is the average sales price for listings in 2612 Northeast 29th Terrace?
The average sales price for units in 2612 Northeast 29th Terrace is $0 currently.

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