Attention all investors - great opportunity to add to your portfolio. Very private setting, close to the Ocala National Forest. Either flip and sale or keep for rentals. There are two buildings on the property, both need to be completely renovated. The main house has 3 bedrooms, 1 bathroom, kitchen, living room and family room with fireplace. Condition of the fireplace is not known. The second building was used as a studio apartment. It consists of kitchen, living room/bedroom and bathroom. There is no heat source, no air conditioning and the condition of the well and septic is unknown. There are soft spots on the floor in the main building so be extremely careful if entering the building. The property is on an unimproved dirt road, it may not be accessible with all vehicles. The sand on the property is very soft, please park on the road to view the property. NOTE: this is a foreclosed property, seller has no first hand knowledge of the property. It is the buyer's responsibility to verify all facts.
Sold for $63,000
$63,000
16117 NE 5th Pl, Silver Springs, FL 34488
3beds
1,250sqft
Single Family Residence
Built in 1973
0.35 Acres Lot
$113,700 Zestimate®
$50/sqft
$1,616 Estimated rent
Home value
$113,700
$85,000 - $144,000
$1,616/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Nancy Minch 757-642-6847,
LOCAL REALTY SERVICES LLC 352-591-3350
Bought with:
Cristine Kelty, 3437352
EXP REALTY LLC
Source: Stellar MLS,MLS#: OM668756
Originating MLS: Ocala - Marion
Originating MLS: Ocala - Marion
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Family Room
Primary bedroom
- Features: Walk-In Closet(s)
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Other
Cooling
- None
Appliances
- Included: None
- Laundry: Laundry Room
Features
- Ceiling Fan(s)
- Flooring: Other
- Has fireplace: Yes
- Fireplace features: Wood Burning
Interior area
- Total structure area: 1,250
- Total interior livable area: 1,250 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Garden
Lot
- Size: 0.35 Acres
- Dimensions: 150 x 100
Details
- Parcel number: 3230700701
- Zoning: R1
- Special conditions: Real Estate Owned
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Pillar/Post/Pier
- Roof: Shingle
Condition
- Fixer
- New construction: No
- Year built: 1973
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Available
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: RED WATER CAMP
HOA
- Has HOA: No
Location
- Region: Silver Springs
Financial & listing details
- Price per square foot: $50/sqft
- Tax assessed value: $101,007
- Annual tax amount: $1,381
- Date on market: 11/30/2023
- Cumulative days on market: 6 days
- Listing terms: Cash
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Dirt, Unimproved
Price history
| Date | Event | Price |
|---|---|---|
| 12/21/2023 | Sold | $63,000+216.6%$50/sqft |
Source:  Stellar MLS #OM668756 Report a problem | ||
| 2/27/2016 | Listing removed | $19,900$16/sqft |
Source: Vision Property Management Report a problem | ||
| 12/3/2015 | Listed for sale | $19,900+261.8%$16/sqft |
Source: Vision Property Management Report a problem | ||
| 11/2/2015 | Sold | $5,500-70.7%$4/sqft |
Source: Public Record Report a problem | ||
| 3/21/2015 | Price change | $18,750-5.8%$15/sqft |
Source: SELLSTATE NEXT GENERATION -The Villages #417751 Report a problem | ||
| 1/23/2015 | Price change | $19,900-9.5%$16/sqft |
Source: SELLSTATE NEXT GEN-VILLAGES BR #417751 Report a problem | ||
| 12/5/2014 | Listed for sale | $22,000+193.3%$18/sqft |
Source: Sellstate Next Generation Realty #417751 Report a problem | ||
| 9/11/2014 | Sold | $7,500$6/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,167 +56.9% | $101,007 +63.1% |
| 2023 | $1,381 +7.5% | $61,934 +10% |
| 2022 | $1,285 +9.3% | $56,304 +10% |
| 2021 | $1,175 +9.9% | $51,185 +10% |
| 2020 | $1,070 +0.5% | $46,532 +1.7% |
| 2019 | $1,065 | $45,739 +3.2% |
| 2018 | $1,065 +8.3% | $44,335 +3.8% |
| 2017 | $983 +10.7% | $42,697 +4.1% |
| 2016 | $888 | $41,007 +9.8% |
| 2015 | $888 +4.6% | $37,341 +1.3% |
| 2014 | $849 -5.9% | $36,878 -9.7% |
| 2013 | $903 -0.4% | $40,817 -1% |
| 2012 | $906 +79.2% | $41,241 +2.3% |
| 2011 | $506 +2.1% | $40,330 +1.5% |
| 2010 | $495 +4.8% | $39,734 +2.7% |
| 2009 | $473 +1% | $38,689 +0.1% |
| 2008 | $468 +5.9% | $38,651 +3% |
| 2007 | $442 +0.1% | $37,526 +2.5% |
| 2006 | $442 +18.2% | $36,612 +3% |
| 2005 | $374 | $35,545 +3% |
| 2004 | $374 +16.5% | $34,510 +4.3% |
| 2002 | $321 +23.6% | $33,074 +4.6% |
| 2001 | $260 | $31,606 |
| 2000 | $260 | $31,606 |
Find assessor info on the county website
Neighborhood: 34488
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Nearby schools
GreatSchools rating
- 3/10East Marion Elementary SchoolGrades: PK-5Distance: 1.6 mi
- NASilver River Mentoring And InstructionGrades: 6-12Distance: 11.5 mi
- 2/10Lake Weir High SchoolGrades: 9-12Distance: 9.6 mi
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Estimated market value
$113,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$113,700
- Florida
- Marion County
- Silver Springs
- 34488
- 16117 NE 5th Pl
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