tomo logo

$600,000

Beds
4
Baths
3.0
sq ft
2,629

5020 SE 40th St, Ocala, FL 34480

5020 SE 40th St

OCALA, FL 34480

  • 70 days on market
    • Price drop $10,000↓
Gorgeous 4 bedroom, 3 full bathroom pool home in desirable, gated SE subdivision of Summerton South. The kitchen features a large breakfast bar, dining area, tons of cabinet space, granite counters and stainless steel appliances, including a built-in convection oven and microwave and gas range. The spacious living room has a gas fireplace and triple glass sliders leading to the pool/patio. The primary bedroom suite has tray ceilings, new carpeting, two walk-in closets, private toilet with pocket door, jacuzzi jetted tub, walk-in shower, his & hers sinks and French doors leading to the pool/patio. Separate, formal dining room and office or den with French doors that could serve as a fifth bedroom. Solid wood cabinets and granite counter tops throughout. Open, split floor plan with crown molding, 12-foot ceilings, and 8-foot doorways. Carpet in the four bedrooms and ceramic tile flooring throughout the rest of the home. The .68 acre property is fully fenced and double gated, with plenty of outside storage and room for your boat or RV. Large, sport style, screened pool (plumbed for solar heater). The huge patio is great for entertaining and includes storage cabinets, a storage closet, an outdoor shower, and access from the third bathroom. Great location on a cul-de-sac. HOA fee is only $600/year. Other features include a security system, 3-zone AC system, wiring for a sound system, built-in shelving and drawers in all bedroom closets, tankless gas hot water heater, separate irrigation well with newer pump and much more. NEW Roof!!

Details

Property type

Single Family Residence

Est. home value

$579,410

Lot size

0.68 acres

Price per sq ft

$229

Year built

2005

Annual property taxes

$5,214.72

Monthly HOA fee

$50

Price History

11/04/2024
StellarMLS

StellarMLS #OM684818

Price change
$600,000
-1.64%
10/02/2024
StellarMLS

StellarMLS #OM684818

Price change
$610,000
-0.81%
09/09/2024
StellarMLS

StellarMLS #OM684818

Listed
$615,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$156,985
Asking price
$600,000
Closing costs (~8% of asking)
-$48,000
Est. remaining loan balance
-$395,015
Cash to seller
$156,985

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

December 2021

Original loan amount

$420,000

Est. remaining balance

$395,015

Interest rate

3.14%

Loan type

New Conventional, 30 year

Seller

James Darren Ritch and Peggy Lou Ritch

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/05/2024 at 9:35 AM

Listing updated: 11/04/2024 at 5:54 PM

Listed by: April Fontana, FONTANA REALTY Phone #: (352) 817-3574

MLS: StellarMLS #OM684818

StellarMLS logo

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