$245,000
- 3
- beds
- 2
- baths
- 1,482
- sqft
- 1987
- year built
- 3
- beds
- 2
- baths
- 1,482
- sqft
- 1987
- year built
- Status:
- Active
- MLS #:
- OM729613
- Neighborhood:
- SOUTH OAK
- County:
- Marion
- Listed By:
- Heather Mangus - PEGASUS REALTY & ASSOC INC
- Agent Phone:
- (352) 322-9777
- Agent Email:
- heathermangus1@gmail.com
Sponsoring Broker: Derek Eisenberg, Continental Real Estate Group, Inc
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.
Highlights
- Residential
- Single Family Residence
- Built in 1987
- 0.26 Acre Lot
- 2 Car Garage
- 99 days on Market
-
- Bedrooms
- 3
-
- Bathrooms
- 2
-
- Year Built
- 1987
-
- Stories
- 1.0
-
- Architectural Style
- Craftsman, Patio Home
-
- Construction Materials
- Wood Siding, Frame, Cement Siding
-
- Foundation
- Slab
-
- Garage Spaces
- 2.0
-
- Parking Features
- Garage Door Opener
-
- Living Area
- 1482.0
-
- Interior Features
- Eat-in Kitchen, Walk-In Closet(s), Open Floorplan
-
- Appliances
- Dishwasher, Refrigerator, Range
-
- Flooring
- Laminate, Tile
-
- Furnished
- Unfurnished
-
- Exterior Features
- Private Yard
-
- Patio And Porch
- Patio, Front Porch
-
- Cooling
- Central Air
-
- Heating
- Heat Pump
-
- Acres
- 0.26
-
- Lot Features
- Cul-De-Sac, Private, Paved
-
- Utilities
- Electricity Connected, Water Connected
-
- Water
- Public
-
- Area
- 34480 - Ocala
-
- County
- Marion
-
- City
- Ocala
-
- Neighborhood
- SOUTH OAK
-
- Zip Code
- 34480
-
- High School
- Forest High School
-
- Middle School
- Osceola Middle School
-
- Elementary School
- Shady Hill Elementary School
-
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Estimated Value
$249,477
Estimated Sales Price Range:
$219,539 - $279,414
Source: Constellation Data Labs
Price History
| 11/10/2026 | Price Changed | $245,000 |
| Source: Stellar MLS #OM729613 | ||
| 08/04/2026 | Listed | $280,000 |
| Source: Stellar MLS #OM729613 | ||
| 09/12/2012 | Off Market | — |
| Source: Stellar MLS #OM379597 | ||
Source: MLS Data
Deed History
| 06/24/2005 | Warranty Deed | $145,000 |
| 02/10/2003 | Warranty Deed | $84,600 |
| 11/04/2002 | Intrafamily Transfer - Transaction is between related parties for any reason & no consideration. | $33,500 |
Source: Public records via Constellation Data Labs
Mortgage History
| 06/24/2005 | Fannie Mae/Freddie Mac (Code phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.) | $93,000 |
| 02/10/2003 | $67,680 | |
| 12/04/2002 | Unknown | $10,000 |
Source: Public records via Constellation Data Labs
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There are currently 672 properties available in Ocala, with 44 under contract to close soon. Properties in the city have an average sale price of $358,003 and typically spend 109 days on the market before being sold.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
How do I schedule a tour of 4861 SE 31 Terrace?
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How do I get more information about 4861 SE 31 Terrace?
Click Ask a Question to talk with our team. You already know it is a 3 bed, 2 bath, listed for $245,000. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Ocala, and can even get you in to see the property quickly.
How do I get a virtual tour of 4861 SE 31 Terrace?
Yes! A virtual tour is available for 4861 SE 31 Terrace. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.
How much is the monthly mortgage payment for 4861 SE 31 Terrace?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 4861 SE 31 Terrace at around $1,645. This includes estimated property taxes and insurance.
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How do I get pre-approved to buy 4861 SE 31 Terrace?
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Can I negotiate the asking price for 4861 SE 31 Terrace?
In most cases, yes. Whether 4861 SE 31 Terrace is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Ocala's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 4861 SE 31 Terrace?
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You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $245,000 with 1,482 sqft of space—that comes out to approximately $165 per square foot.
How long has this property been on the market?
4861 SE 31 Terrace was listed on August 04, 2026, which means it's been on the market for 99 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1987, making it approximately 39 years old.
What is the lot size of this property?
4861 SE 31 Terrace sits on a 0.26-acre lot, which is 11,326 square feet.
What schools are assigned to this property?
Based on MLS info, this home is zoned for:
- Elementary: Shady Hill Elementary School
- Middle: Osceola Middle School
- High: Forest High School
Want to see how these schools compare? Check out our Marion County School Guide to see ratings, reviews, and more for the schools in the area.
What are the property taxes for 4861 SE 31 Terrace?
The most recent public record shows annual property taxes for 4861 SE 31 Terrace were approximately $3,013. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 4861 SE 31 Terrace still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Stellar MLS. All rights reserved.
Last Updated: November 11, 2026 at 07:36AM | Source: Stellar MLS | MLS#: OM729613
