tomo logo

$365,000

Beds
3
Baths
2.0
sq ft
2,100

5425 SW 85th Ln, Ocala, FL 34476

5425 SW 85th Ln

OCALA, FL 34476

  • 295 days on market
    • Price drop $24,000↓
Pool home now available for sale! Located in a well desired and sought after neighborhood, Majestic Oaks!! This home is huge. At 2,100 square feet heated, there are 3 bedrooms, 2 bathrooms, and a bonus room. The bonus room could be a 4th bedroom or an office. Also, there is a large formal dining room and a large living room, or they can be used as double living rooms. The master bedroom has 2 walk-in closets. Large garden tub in master bath and shower. Master bedroom also features French doors to the pool area. The pool area is screened in. An in-ground pool that features an outdoor kitchen area and TV. Great place for the whole family to enjoy! Located 15 minutes to the World Famous, World Equestrian Center. Schools include Hammett Brown Jr. Elementary School, Liberty Middle School, and West Port High School. Call today for a private showing!!!

Details

Property type

Single Family Residence

Est. home value

$417,486

Lot size

0.3 acres

Price per sq ft

$174

Year built

1991

Annual property taxes

$4,049.79

Monthly HOA fee

$11

Price History

06/06/2024
StellarMLS

StellarMLS #OM665809

Price change
$365,000
-6.17%
04/29/2024
StellarMLS

StellarMLS #OM665809

Price change
$389,000
-2.51%
10/05/2023
StellarMLS

StellarMLS #OM665809

Listed
$399,000
+50.57%

Schools & Community

Elementary school: 

Hammett Bowen Jr. Elementary

Middle school: 

Liberty Middle School

High school: 

West Port High School

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

$180,264
Asking price
$365,000
Closing costs (~8% of asking)
-$29,200
Est. remaining loan balance
-$155,536
Cash to seller
$180,264

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

Seller’s Loan History

Lender

Northpointe Bank

Loan start date

September 2020

Original loan amount

$170,000

Est. remaining balance

$155,536

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Lawrence H Smith and Mary P Smith

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: 07/26/2024 at 10:30 AM

Listing updated: 06/06/2024 at 8:27 AM

Listed by: Carissa Sawyer, RE/MAX FOXFIRE - HWY 40 Phone #: (352) 732-3344

MLS: StellarMLS #OM665809

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