8038 SW 116th Loop Ocala, FL 34481

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2 beds · 2 baths · 1,087 sq ft · Lot Size: 7,841 sq ft · Single Family Home
Est. Property Value: $212,293

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8038 SW 116th Loop is in the 34481 neighborhood of Ocala, FL. It is located in Marion County and ZIP code 34481. This Single Family Home was built in 1993 and is approximately 32 years old. The single family home spans 1087 sq ft with 2 bedrooms and 2 bathrooms and sits on a 7841 sq ft lot. According to public records, it was last sold in 2020 for $132,500 and has a tax-assessed value of $161,730, which is $195 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 8038 SW 116th Loop Ocala, FL 34481 with Property Intel by Whitepages.

8038 SW 116th Loop

Ocala, FL 34481

Owner Info

Owners & Occupancy for 8038 SW 116th Loop

This property is owned by Rex Joseph Anderson. Owner contact information includes 6 phone numbers and 2 email addresses.

Property Owners

Cell Phone(989) ***-****View Cell Phone
Residence******************
Landline(989) 465-9153
Distance from Property**********
Email Address*********@gte.netView Email

Occupancy

Resident 1**************** age 90

Property Financials for 8038 SW 116th Loop

8038 SW 116th Loop, Ocala, FL has a mortgage from Ameris Bk (orig. November 12, 2020). The Marion county assessment for 2024 values it at $161,730, with annual taxes of $1,483.

Mortgage & Equity Information

Loan Amount$******
LenderAmeris Bk
Origination DateNovember 12, 2020
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date*****************
Equity View Equity

Property Tax

Purchase DateNovember 12, 2020
Property Tax Amount$1,483 in 2024
Purchase Price$132,500
Assessed Value$161,730 on 2024

Investment Potential for 8038 SW 116th Loop

The property has a current estimated value of $212,293, which is 17% below the zip median, based on public records. It last sold on November 12, 2020 for $133K. Projected long-term
is $28,800 annually ($2,400 per month) with a 86% occupancy rate.

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Long-Term

Gross Rental
$28,800 per year($2,400 per month)
Net Operating Income
Cap Rate
Occupancy Rate
86%in 34481 zip code
 
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Property Details for 8038 SW 116th Loop

Property Details

Property Sq Ft

Living Area

1,087 sq ft

26% below market

Lot Size

7,841 sq ft

5% below market

Price Per Sq Ft

Living Area

$195 / sq ft

16% above market

Lot Size Area

$27 / sq ft

14% below market

Property condition, age, exterior, etc. for 8038 SW 11…
Longitude: -82.253327 Latitude: 29.052693 Parcel Number (APN): 7013-005-004…

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Discover more single family homes near 8038 SW 116th Loop in Ocala, Florida. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 8038 SW 116th Loop in Marion County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$212,293
$263,469
-$51,177 (-19%)
$364,322
-$67,299 (-18%)
YoY Price Change
2.29%
419%
Year Built
1993
1979
14 years
Living Space
1,087 sq ft
1,178 sq ft
-91 (-8%)
$ Per Living Sq Ft
$195
$214
-$19 (-9%)
Lot Size
7,841 sq ft
7,318 sq ft
523 (7%)
$ Per Lot Sq Ft
$27
$38
-$11 (-28%)

Net Operating Income
$19,472
$2,433 (12%)
Annual Revenue
$28,800
$28,200
$600 (2%)
$7,847
-$952 (-12%)
Net Operating Income
$19,472
$2,433 (12%)
Cap Rate
7.19%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

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