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$712,890Estimated home value

Beds
4
Baths
3.0
sq ft
3,600

521 E Fort King St, Ocala, FL 34471

521 E Fort King St

OCALA, FL 34471

  • Sold On 7/31/2024
    • Price drop $90,000↓
Welcome to one of the foremost historical homes in downtown Ocala! This meticulously restored home combines the charm and character of the past with today's contemporary comforts. This home is a piece of Ocala's history, known as "The Gary House". It boasts timeless architectural details, from the ornate moldings, high ceilings, heart pine and hickory hardwood floors to the seven decorative fireplaces throughout the home. Fresh interior paint combined with elegant modern lighting accentuate the historic charm while ensuring the modern comforts of today. The home went through an extensive upgrade in 1990 and has been lovingly cared for as both a residence and office. The first and second floors feature the living spaces with the third floor utilized as storage but could be converted to additional living space. Enjoy your private back courtyard with stunning fountain, perfect for evening entertainment. A rare find in historic homes, the driveway wraps around the home with 2 entrances leading to the spacious 3 car garage. There is ample parking for cars & golf cart to cruise to dinner downtown– the garage also features a large loft for storage. This property has a Neighborhood land use and an Office - Historic (OH) zoning. the land use and zoning permit a single family dwelling or an office. This gem is more than a house, it's a piece of Ocala's heritage. 2024 ROOF, 2022 Tankless gas hot water heater.

Details

Property type

Single Family Residence

Est. home value

$712,890

Lot size

0.37 acres

Price per sq ft

$247

Year built

1887

Annual property taxes

$9,031.7

Price History

07/31/2024
StellarMLS

StellarMLS #OM675773

Sold
$849,000
-4.5%
07/15/2024
StellarMLS

StellarMLS #OM675773

Pending
$889,000
05/21/2024
StellarMLS

StellarMLS #OM675773

Price change
$889,000
-9.19%

Schools & Community

Elementary school: 

Eighth Street Elem. School

Middle school: 

Osceola Middle School

High school: 

Vanguard High School

Community features: 

Sidewalks

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

$238,129
Asking price
$889,000
Closing costs (~8% of asking)
-$71,120
Est. remaining loan balance
-$579,751
Cash to seller
$238,129

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

Seller’s Loan History

Lender

Sirva Mortgage Inc

Loan start date

August 2022

Original loan amount

$647,000

Est. remaining balance

$579,751

Interest rate

4.81%

Loan type

New Conventional, 15 year

Seller

Peter B Hemstead and Lisa Ann Hemstead

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?

Status: Off Market

Tomo last checked: 10/04/2024 at 9:35 PM

Listing updated: 07/31/2024 at 8:24 PM

Listed by: Melissa Brackett, ROBERTS REAL ESTATE INC Phone #: (352) 351-0011

MLS: StellarMLS #OM675773

StellarMLS logo

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