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For sale
    • Price cut: $20K (10/4)
    $249,000

    4861 SE 31ST TERRACE, OCALA, FL 34480

    3beds
    1,482sqft
    : 
    $1,808/mo
    Get pre-qualified
    Single Family Residence
    Built in 1987
    0.26 Acres Lot
    $245,800 Zestimate®
    $168/sqft
    $-- HOA

    What's special

    Generously sized guest bedroomsQuiet cul-de-sacSpacious fully fenced backyardNewer metal roof
    Welcome home to this charming 3-bedroom, 2-bath residence nestled on a quiet cul-de-sac in one of Ocala’s established neighborhoods. Surrounded by beautiful mature oak trees, this property offers a peaceful setting with a spacious, fully fenced backyard and an oversized side yard perfect for gardening, outdoor activities, or simply enjoying the extra space. The cul-de-sac location also provides a long driveway with ample parking for family and guests, while the newer metal roof offers added value and peace of mind. Inside, you’ll find a spacious living room that welcomes you with plenty of room to relax or entertain. The open dining area flows seamlessly into the bright, cheerful kitchen, creating a functional layout ideal for everyday living and gatherings. A desirable split-bedroom floor plan offers privacy, with generously sized guest bedrooms and a comfortable primary suite featuring a walk-in closet and private en-suite bath. Conveniently located in Ocala, this home is just minutes from shopping, dining, medical facilities, walking/biking trails, and is situated within the sought-after Forest High School district. Whether you’re searching for your first home, a place to grow, or simply a peaceful setting with room to enjoy the outdoors, this property is ready to welcome you home.
    67 days
    363
    57

    Zillow last checked:

    Listing updated:

    Listed by:

    Heather Mangus 352-322-9777,

    PEGASUS REALTY & ASSOC INC 352-629-4505

    Source: Stellar MLS,MLS#: OM729613MLS LogoOriginating MLS: Ocala - Marion

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Features: Ceiling Fan(s), En Suite Bathroom, Walk-In Closet(s)
      • Level: First
      • Area: 182.25 Square Feet
      • Dimensions: 13.5x13.5
      Bedroom 2
      • Features: Ceiling Fan(s), Built-in Closet
      • Level: First
      • Area: 143 Square Feet
      • Dimensions: 13x11
      Bedroom 3
      • Features: Ceiling Fan(s), Built-in Closet
      • Level: First
      • Area: 110 Square Feet
      • Dimensions: 10x11
      Kitchen
      • Features: Pantry
      • Level: First
      • Area: 80 Square Feet
      • Dimensions: 10x8
      Living room
      • Level: First
      • Area: 320 Square Feet
      • Dimensions: 16x20
      Heating
      • Heat Pump
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Range, Refrigerator
      • Laundry: In Garage
      Features
      • Ceiling Fan(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Thermostat, Walk-In Closet(s)
      • Flooring: Laminate, Tile
      • Has fireplace: No
      Interior area
      • Total structure area: 2,038
      • Total interior livable area: 1,482 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage Door Opener
      • Garage spaces: 2
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Front Porch, Patio
      • Exterior features: Private Mailbox, Private Yard
      • Fencing: Fenced
      Lot
      • Size: 0.26 Acres
      • Dimensions: 85 x 135
      • Features: Cul-De-Sac, Private
      Details
      • Parcel number: 3131006009
      • Zoning: R1
      • Special conditions: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Craftsman,Patio
      • Property subtype: Single Family Residence
      Materials
      • Cement Siding, Wood Frame, Wood Siding
      • Foundation: Slab
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 1987

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: BB/HS Internet Available, Electricity Connected, Water Connected

      Community & HOA

      Community
      • Pet fee: $0 monthly
      • Subdivision: SOUTH OAK
      HOA
      • Has HOA: No
      Location
      • Region: Ocala

      Financial & listing details

      • Price per square foot: $168/sqft
      • Tax assessed value: $202,953
      • Annual tax amount: $3,013
      • Date on market: 8/4/2026
      • Cumulative days on market: 67 days
      • Listing terms: Cash,Conventional,FHA
      • Ownership: Fee Simple
      • Total actual rent: 0
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        $245,800

        $234,000 - $258,000

        $1,923/mo

        Price history

        DateEventPrice
        10/4/2026Price change$249,000-7.4%$168/sqft
        Source: Stellar MLS #OM729613 Report a problem
        8/31/2026Price change$269,000-3.9%$182/sqft
        Source: Stellar MLS #OM729613 Report a problem
        8/5/2026Listed for sale$280,000+93.1%$189/sqft
        Source: Stellar MLS #OM729613 Report a problem
        6/9/2026Listing removed$1,700$1/sqft
        Source: Zillow Rentals Report a problem
        5/14/2026Price change$1,700-2.9%$1/sqft
        Source: Zillow Rentals Report a problem
        5/6/2026Price change$1,750-2.8%$1/sqft
        Source: Zillow Rentals Report a problem
        4/24/2026Listed for rent$1,800$1/sqft
        Source: Zillow Rentals Report a problem
        7/15/2025Listing removed$1,800$1/sqft
        Source: Zillow Rentals Report a problem
        5/24/2025Listed for rent$1,800$1/sqft
        Source: Zillow Rentals Report a problem
        6/24/2005Sold$145,000+71.4%$98/sqft
        Source: Public Record Report a problem
        2/10/2003Sold$84,600$57/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,013 -6.6%$202,953 +15%
        2024$3,227 +3.6%$176,468 +10%
        2023$3,115 +15.7%$160,425 +10%
        2022$2,691 +6.2%$145,841 +10%
        2021$2,535 +10.2%$132,583 +10%
        2020$2,300 +7.6%$120,530 +10%
        2019$2,138 $109,573 +8.5%
        2018$2,138 +21.7%$100,961 +10.9%
        2017$1,757 +16.3%$91,011 +10.6%
        2016$1,511 $82,324 +10%
        2015$1,511 +10.5%$74,840 +7.2%
        2014$1,368 -0.8%$69,813 -2.3%
        2013$1,379 +0.3%$71,477 -0.2%
        2012$1,376 -9.7%$71,586 -11.6%
        2011$1,524 +45.6%$80,967 -8.3%
        2010$1,046 -25.2%$88,298 -21.9%
        2009$1,399 -18.2%$113,113 -16.5%
        2008$1,709 -26.4%$135,509 -3%
        2007$2,321 +7.8%$139,721 +20.7%
        2006$2,153 +44.2%$115,734 +43.3%
        2005$1,493 $80,760 +12.5%
        2004$1,493 +59.9%$71,767 +11%
        2002$934 +9%$64,650 +4.6%
        2001$856 $61,779
        2000$856 $61,779
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 34480

        Getting around

        6 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        29 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • High: Forest High School

        Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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