507 Southeast 40th Terrace

Ocala, FL 34471

$387,500
Price
3
Beds
3
Baths
1
1/2 Bath
2,106 Sq. Ft.
$184 / Sq. Ft.
2,106
Sq. Ft.
$184
per Sq. Ft.

Description

Home Warranty! Welcome home to this spacious 3 bedroom, 3 and a half bath home nestled on an almost half acre lot (.45ac) in the heart of SE Ocala, FL. When you arrive, you notice the oversized driveway with plenty of parking space. Step inside to discover a unique floor plan that maximizes space and functionality, offering endless possibilities for relaxation and entertainment, with everything updated and upgraded. You will see beautiful travertine floors, a kitchen to delight any culinary enthusiast,...Home Warranty! Welcome home to this spacious 3 bedroom, 3 and a half bath home nestled on an almost half acre lot (.45ac) in the heart of SE Ocala, FL. When you arrive, you notice the oversized driveway with plenty of parking space. Step inside to discover a unique floor plan that maximizes space and functionality, offering endless possibilities for relaxation and entertainment, with everything updated and upgraded. You will see beautiful travertine floors, a kitchen to delight any culinary enthusiast, with plenty of cabinet space, granite counters, stainless appliances, plus a large farm sink with upgraded faucet. The kitchen and dining area look to the substantial wood burning fireplace, perfect for gatherings. Don't miss the spa like primary bathroom with a large soaking tub, enclosed shower area and upgraded finishes. Stepping out the back door, the property boasts a screen-enclosed pool, with a covered area to relax in any weather. This home invites you to indulge in luxurious outdoor living year-round with the pool area, plus an outdoor fire pit area and a covered structure for hanging out, work out space, the sky is the limit! The backyard is fenced. New roof 2021. New tankless water heater 2020. Home warranty offered for list price offers!
  1. Listed by Courtney Moody • NEXTHOME PROFESSIONAL REALTY

Property Details for 507 Southeast 40th Terrace

Subdivision Name
EASTWOOD PARK
Township
15S
Waterfront
No

Location

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LISTING UPDATED: 04/27/2024 12:06 PM

Property Details for 507 Southeast 40th Terrace

StatusActive
MLS #OM675386
Days on Market33
Taxes$5,312 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1967
Lot Size0.45 AC / 19,602 SF
CountyMarion County

Location

Listing Courtesy of NEXTHOME PROFESSIONAL REALTY
Add your commute

Building Information for 507 Southeast 40th Terrace

Stories1Year Built1967Building Size-Lot Size0.45 AC / 19,602 SF

Payment Calculator

$2,557 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,115

Property Taxes

$443

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 507 Southeast 40th Terrace

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 4028.0
  • Building Area Units: Square Feet
  • Direction Faces: West
  • Directions: From Silver Springs Blvd / Hwy 40 and NE 36th Ave. Go south on NE 36th Ave to left on SE 3rd St. Follow to SE 40th Terr. Turn right to home on the left.
  • Elementary School: Ward-Highlands Elem. School
  • Middle Or Junior School: Fort King Middle School
  • High School: Forest High School
  • Mls Major Change Type: Price Decrease
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 507
  • Street Direction Prefix: SE
  • Street Name: 40TH
  • Street Suffix: TERRACE
  • State: FL
  • City: OCALA
Parking
  • Available For Lease: Yes
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: C
  • Tax Book Number: F-041EASTWOO
  • Tax Legal Description: SEC 14 TWP 15 RGE 22 PLAT BOOK F PAGE 041 EASTWOOD PARK UNIT 1 BLK C LOT 1
  • Tax Lot: 1
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: Cleared
  • Lot Size Dimensions: 139x140
  • Parcel Number: 2774-003-001
  • Total Acreage: 1/4 to less than 1/2
  • Water Access: No
  • Water Extras: No
  • Zoning: R1
  • Living Area: 2106
  • Lot Dimensions: 139x140
Property and Assessments
  • Year Built Numeric: 1967
  • Flood Zone Code: X
  • Homestead: No
  • New Construction: No
  • Property Condition: Completed
  • Public Survey Range: 22E
  • Public Survey Section: 14
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Vinyl Siding
  • Exterior Features: Other
  • Foundation Details: Slab
  • Levels: One
  • Pool Features: In Ground, Salt Water, Screen Enclosure
  • Pool Private: Yes
  • Pool: Private
  • Pool Private: Yes
  • Roof: Shingle
  • Waterfront Feet Total: 0
  • Number Of Stories: 1
Interior Features
  • Bedrooms Total: 3
  • Bathrooms Full: 3
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Cooling: Central Air, Mini-Split Unit(s)
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Engineered Hardwood, Tile, Travertine
  • Heating: Central, Electric, Gas
  • Interior Features: Ceiling Fans(s), Stone Counters, Thermostat
  • Laundry Features: Laundry Room
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Room Count: 3.0
  • Water View: No
  • Bathrooms Half: 1
Room 1
  • Room Dimensions 1: 12x10
  • Room Flooring 1: Travertine
  • Room Length 1: 10.0
  • Room Level 1: First
  • Room Type 1: Kitchen
  • Room Width 1: 12.0
Room 2
  • Room Dimensions 2: 12x15
  • Room Flooring 2: Travertine
  • Room Length 2: 15.0
  • Room Level 2: First
  • Room Type 2: Living Room
  • Room Width 2: 12.0
Room 3
  • Room Dimensions 3: 16.1x14.1
  • Room Flooring 3: Engineered Hardwood
  • Room Length 3: 14.1
  • Room Level 3: First
  • Room Type 3: Primary Bedroom
  • Room Width 3: 16.1

Property History for 507 Southeast 40th Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 507 Southeast 40th Terrace

Taxable ValueLand$61,299Additions$220,994Total$282,293
Tax Record2023$5,312 ($443 / month)
Home Facts
Beds3Baths2.5Total Finished SqFt2,106 SqFtAbove Grade Finished SqFt2,106 SqFtStories1Lot Size19,602 SqFtStyleSingle Family ResidenceYear Built1967Year Renovated2012ZoningR1CountyMARIONAPN2774-003-001Fireplace TypeHas Fireplace

Schools near 507 Southeast 40th Terrace

This home is within Marion.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Ward-Highlands Elementary School
PublicPK to 5

Fort King Middle School
Public6 to 8

Forest High School
Public9 to 12

Marion Virtual Instruction Program
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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507 Southeast 40th Terrace is a single family home for sale in Ocala, FL 34471. This property was listed for sale on March 28, 2024 by NEXTHOME PROFESSIONAL REALTY, it's currently listed at $387,500. It has been on the market for a total of 33 days and was last sold on July 14, 2021. This listing's school district is Marion. Nearby schools include Ward-Highlands Elementary School, Fort King Middle School and Forest High School. 507 Southeast 40th Terrace is a 3-bed, 3.5-bath, 2,106 sqft single family home built in 1967.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NEXTHOME PROFESSIONAL REALTY

Based on information from one of the following Multiple Listing Services: Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.