15 days on rocket

1042 SE 50th Ter, Ocala, FL, 34471

$359,900

Home List Price

$4,274*

Closing Credit

2 Bedrooms
1 Full Bath
720 SqFt
$500/SqFt
House
Schools Nearby

Location

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1042 SE 50th Ter, Ocala$359,900

Buyer Closing Credits

$4,274*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNone
Year Built1963
HeatingNone
CoolingNone
MLS #2238464
Lot Size2.00 Acres
StatusActive

About 1042 SE 50th Ter

Nestled amidst two acres of picturesque landscape adorned with majestic oak trees, this exquisite property offers an unparalleled sense of tranquility and natural beauty. Welcome to your private oasis, where the harmony of nature meets the elegance of modern living. With the freedom to build your dream home, this property presents a rare opportunity to create a bespoke sanctuary tailored to your unique vision and lifestyle. Imagine waking up each morning to the soothing sounds of nature as your soundtrack. Please note: The current home is in need of a complete rebuild, providing a blank canvas for you to design and construct the perfect retreat. Whether you envision a contemporary masterpiece or a charming farmhouse, the possibilities are endless on this expansive property. Boasting a newer well, private septic system, and a dedicated power meter, this home site provides the perfect blend of convenience and self-sufficiency. And with no Homeowners Association restrictions, you'll have the freedom to bring your dreams to life without limitations.

Property Details

Property Features

Property Information:

  • Architectural Style: Other - See Remarks
  • Year Built: 1963
  • Stories: 1
  • Living Area: 720 SqFt

Listing Office:

  • Office Name: Peoples Trust Realty Inc

Interior Features

Interior Information:

  • Appliances: Other
  • Flooring Type: Other - See Remarks

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 2.00 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None

School Info

Assigned Schools Information:

  • Forest High School, Public Magnet Grades 9-12
  • Fort King Middle School, Public District Grades 6-8
  • Ward-Highlands Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Heading South on FL-35 S, turn Right onto SE 17th Street. Then turn right onto SE 52nd Ct. Turn left onto SE 8th Street. Turn left onto SE 50th Terrace and the property will be on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $359,900
  • Price Per SqFt: $500/SqFt

Tax Information:

  • Annual Amount: $1,088
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Ocala, FL.

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Ocala, FL

City

Med. Sold Price

$279.8K

Med. Price/SqFt

$173

Avg. Days On Market

61

# of Sold Homes

587

1042 SE 50th Ter vs Ocala

15 DAYS ON ROCKET

-46 Days

$359,900

+$80K More

$500/SqFt

+$327 More

KEY TAKEAWAY

This property is $80K more than the Median Sold Price and $327/SqFt more than other homes in Ocala, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #2238464

Listing Office:

  • Office Name: Peoples Trust Realty Inc

IDX The information contained herein has been provided by by Hernando County Association of REALTORS®. This information is from sources deemed reliable but not guaranteed. The information is for consumers' personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. The information contained in this web site is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the owner of this site disclaims any implied warranty or representation about it's accuracy, completeness or appropriateness for any particular purpose. This includes but is not limited to information provided by any third party which is accessed through this site via a hyperlink. Those persons who access this information assume full responsibility for the use of said information and understand and agree that the owner of this site named above not responsible or liable for any claim, loss or damage arising from the use of any information contained in this site. Any reference to specific products, companies or services does not necessarily constitute or imply recommendation or endorsement by the owner of this site.

Copyright © 2024 Hernando County Association of REALTORS®
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/30/2024, 9:20:38 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 23, 2019Home Sold
$18,581

Tax History

YEARPROP. TAXASSESSMENT
2020$1,088$47,653
2018$614$45,338
2017$574$44,405

History based on county public records data.

Payment Calculator

$1,864

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,146

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Rocket Mortgage

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-5033032
6
/10

  • Ward-Highlands Elementary School

  • 537 SE 36th Ave

  • 1.20 miles

  • Public District Grades PK-5

Middle School

school-card-donut-5033033
3
/10

  • Fort King Middle School

  • 545 NE 17th Ave

  • 3.15 miles

  • Public District Grades 6-8

High School

school-card-donut-5033034
5
/10

  • Forest High School

  • 5000 SE Maricamp Rd

  • 2.37 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $79,702. Typical income of Ocala, FL residents is between $35k-100k annually. Residents typically live in married, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Ocala, FL

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Ocala, FL?

Ocala's housing market is diverse, offering a range of options from quaint single-family homes to modern apartments and spacious townhouses. The architectural styles reflect a blend of traditional and contemporary designs, with a significant portion of homes built in the late 20th century. The area has a strong homeownership rate, with a substantial majority of residents owning their homes, while the remainder of the population opts for renting.

Is Ocala, FL a good place to live?

Ocala prides itself on its equestrian heritage and is celebrated for its lush landscapes and serene environment. The community's character is shaped by its commitment to preserving natural beauty and fostering a close-knit atmosphere. Annual events, such as the Ocala Horse Properties Winter Eventing Series, highlight the city's passion for horseback riding and outdoor activities, reflecting the unique lifestyle cherished by its residents.

Are things conveniently located in Ocala, FL?

The city is served by a robust educational system, including a number of public and private schools that cater to various educational needs, with specialized programs available. Healthcare services are comprehensive, with facilities offering urgent care, primary care, and specialized treatments. The public library system is well-established, providing resources and programs for all ages. Retail and dining options abound, offering a taste of local flavors and culture, with city initiatives in place to adapt services to the evolving needs of the community.

What does the transportation in Ocala, FL look like?

Ocala's transportation infrastructure supports both private and public transit options, with a bus system that operates on a set schedule, facilitating movement around the city. Ride-sharing services are readily available, complementing the public transit system. The community's walkability varies by area, with certain neighborhoods being more pedestrian-friendly. The road network includes key highways that ease commuting and travel, with ongoing plans to improve transport efficiency and accessibility for residents.

Frequently Asked Questions About 1042 SE 50th Ter

What is the listing price of this property?

The listing price of 1042 SE 50th Ter property is $359,900.

What type of property is this?

The property 1042 SE 50th Ter is a house located in Ocala, Florida, 34471.

Is this property for sale now?

Active Listing: 1042 SE 50th Ter is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1042 SE 50th Ter are:
Ward-Highlands Elementary School: GreatSchools Rating 6/10
Fort King Middle School: GreatSchools Rating 3/10
Forest High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,088 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 23, 2019 for $18,581. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1042 SE 50th Ter has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1042 SE 50th Ter is 720 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1042 SE 50th Ter is 1963.

Rocket Homes›Florida›Marion County›Ocala›34471›1042 SE 50th Ter

This home is located at 1042 SE 50th Ter in Ocala, FL and zip code 34471. This 720 square foot home, which was built in 1963, sits on a 2.00 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 14, 2024 and is currently priced at $359,900.

Ocala, FL housing market in April 2024 saw over 78 listings sold above listed price, more than 198 sold at listed price and over 311 sold below. The number of homes for sale in Ocala, FL decreased by 2.3% between March 2024 and April 2024. The median list price of listings available in April 2024 was $279,822, while the average time on the real estate market was 61 days.

From Rocket Homes Real Estate and based on county public records data.

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