tomo logo

$460,000

Beds
5
Baths
3.0
sq ft
2,526

5898 SW 116th Street Rd, Ocala, FL 34476

5898 SW 116th Street Rd

OCALA, FL 34476

  • <1 day on market
Step into this breathtaking 5-bedroom, 3-bath home—a blend of modern elegance and everyday comfort. Why wait for a new build when this move-in-ready gem offers paid-off solar panels for exceptionally low energy costs and a fully fenced yard for added privacy? Nestled on an expansive lot with minimal HOA fees, it’s a haven of peace and space. Imagine welcoming guests into your OPEN-CONCEPT living space—filled with natural light and thoughtfully designed for entertaining or relaxed family evenings. The chef-inspired kitchen is the heart of the home, complete with gorgeous QUARTZ countertops, ample prep space, and high-end stainless steel appliances that make every meal a pleasure. A BONUS ROOM offers endless possibilities: envision a home office filled with inspiration, a playroom brimming with imagination, or a cozy den for movie nights. Your private retreat awaits in the master suite. Tray ceilings add a touch of luxury, while the spa-like en-suite bathroom invites you to unwind with a JACUZZI tub, walk-in shower, and a secluded water closet. The oversized walk-in closet will keep your wardrobe organized and effortlessly accessible. Outside, Florida living truly shines. Sip your morning coffee or wind down in the evenings on the screened-in lanai, where you can watch the sky transform with stunning sunsets. The expansive backyard offers more than enough space for a future pool—your personal oasis in the making. Practicality meets convenience with a Rain Bird irrigation system and gutters to keep your lawn vibrant year-round. The spacious garage easily accommodates all your toys and a golf cart for neighborhood exploring. This is more than a house; it’s a lifestyle upgrade. Schedule your showing today—homes like this are a rare find!

Details

Property type

Single Family Residence

Est. home value

$416,757

Lot size

0.33 acres

Price per sq ft

$183

Year built

2020

Annual property taxes

$6,070.52

Monthly HOA fee

$5.42

Price History

02/09/2025
StellarMLS

StellarMLS #OM694793

Listed
$460,000
+3.37%
07/28/2023
StellarMLS

StellarMLS #OM658312

Sold
$445,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$288
Asking price
$460,000
Closing costs (~8% of asking)
-$36,800
Est. remaining loan balance
-$422,912
Cash to seller
$288

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

Seller’s Loan History

Lender

Cardinal Financial Company Lp

Loan start date

July 2023

Original loan amount

$430,148

Est. remaining balance

$422,912

Interest rate

6.57%

Loan type

FHA, 30 year

Seller

Virender Sharma

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: Active

Tomo last checked: 02/10/2025 at 9:30 AM

Listing updated: 02/10/2025 at 6:51 AM

Listed by: Lindsay Sharma, LPT REALTY, LLC Phone #: (877) 366-2213

MLS: StellarMLS #OM694793

StellarMLS logo

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