505 NE 40th Ter, Ocala, FL 34470 Property Records

Marion County property record for 505 NE 40th Ter, Ocala, FL 34470

Property Summary

Property Type	Single Family Home
Details	3 bd · 3 ba · 3,357 sqft · built 1978
Lot Size	0.419 acres (18,295 sqft)
Owner	2 Owner Names on File
Last Sale	$139,000 (May 2002)
Tax Bill	$453 (2025)
Deeds & Mortgages	Nov 2018 Mortgage Sep 2020 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`27624-002-01`

Property Details

APN / Parcel Number

Primary APN	`27624-002-01`
Alternative APN	`0652920000`

Interior

Bedrooms	3 Beds
Full Baths	3 Baths
Stories	1 Story
Building Area	3,357 sqft Living Area
1st Floor Area	3,357 sqft
Interior Walls	Wallboard/Drywall
Fireplaces	2 Fireplaces
Fireplace	Fireplace

Exterior

Year Built	Built 1978
Effective Year Built	Effective 2004
Exterior Material	Block
Foundation Type	Block
Roof Type	Gable
Roof Material	Asphalt
Lot Area	18,295 sqft (0.419 acres)
Lot Dimensions	135 ft deep x 135 ft wide
Garage Area	480 sqft
Parking Spaces	2 Parking Spaces

Exterior Amenities

Porch	Finished/Screened Porch
Porch Area	515 sqft
Patio Area	426 sqft
Outdoor Kitchen / BBQ	Outdoor Kitchen / BBQ

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Central
Heating Fuel	Gas

Location & Zoning

Account Number	0652920000
Old Parcel Number	2762400201
Street Address	505 NE 40TH TER
City	OCALA
State	FL
Zip	34470-1445
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	R1
Legal Description	SEC 14 TWP 15 RGE 22 PLAT BOOK N PAGE 082 THOMPSON ESTATES BLK 2 LOT 1
Legal Range	22E
Legal Township	15S
Legal Section	14
Legal Subdivision	THOMPSON ESTATES
Legal Block	2
Legal Lot Number	1
Jurisdiction	MARION FL
Township / Civil Division	OCALA
Census Block Group	1
Census Block	1016
Census Tract	2202

Owner

The current owner of 505 NE 40th Ter bought it in May 2002.

Source: Marion County records, as of January 2, 2026

Owner of Record	2 Owner Names on File
Mailing Address	505 NE 40TH TER, OCALA, FL 34470-1445
Occupancy	Owner Occupied

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Nov 15, 2018	Deed of Trust, Mortgage · VA Mortgage FIRST POINT FCU
Sep 4, 2020	Deed of Trust, Mortgage · VA Mortgage CLEARPATH LNDG
Oct 24, 2019	Deed of Trust, Mortgage · VA Mortgage INTERCONTINENTAL CAP

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	May 21, 2002 · Amount on File
Deed Sale	May 21, 2002 · Amount on File
Deed Document Number	2002-056723
Deed Book / Page	3166 / 1788
Record Updated	Jun 8, 2026

November 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION FL
Property Address	505 NE 40TH TER, OCALA, FL 34470-1445
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0068680525
Date	Nov 15, 2018
Book Page	6868/0525
Instrument	2018112884

Lender

Name	FIRST POINT FCU
Type	Credit Union
Address	CHICAGO, IL 60607

Agreement

Type	VA Mortgage
Amount	Amount on Record
Term	361 Months
Due	Dec 1, 2048

Interest

September 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION FL
Property Address	505 NE 40TH TER, OCALA, FL 34470-1445
Document Number	0073660604
Instrument Date	Sep 4, 2020
Transaction Type	Mortgage
Record Updated	Apr 6, 2021
Title Company	OTHER

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Husband and Wife
Address	505 NE 40TH TER OCALA FL 344701445, OCALA, FL 34470-1445

Mortgage

Document Number	0073660604
Date	Jan 22, 2021
Book Page	007366/000604
Instrument	8762

Lender

Name	CLEARPATH LNDG
Address	IRVINE, CA 92618

Agreement

Type	VA Mortgage
Amount	Amount on Record
Term	360 Months
Due	Jan 21, 2051

October 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION FL
Property Address	505 NE 40TH TER, OCALA, FL 34470-1445
Document Number	0071050182
Instrument Date	Oct 24, 2019
Transaction Type	Mortgage
Record Updated	Jan 15, 2020
Title Company	NATIONWIDE TITLE CLEARING INC

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Husband and Wife
Address	505 NE 40TH TER OCALA FL 344701445, OCALA, FL 34470-1445

Mortgage

Document Number	0071050182
Date	Dec 30, 2019
Book Page	007105/000182
Instrument	136203

Lender

Name	INTERCONTINENTAL CAP
Type	Funding / Finance Company
Address	MELVILLE, NY 11747

Agreement

Type	VA Mortgage
Amount	Amount on Record
Term	360 Months
Due	Dec 29, 2049

Tax Assessment & Valuation

The 2025 property tax bill for 505 NE 40th Ter was $453.

Source: Marion County assessment roll, as of July 1, 2025

Property Jurisdictions

Type	Name
State	Florida
County	Marion County
Municipality	Ocala City
Unified School District	Marion County School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$453.00	$184,389 Land $52,380 Building $132,009	$432,890 Land $52,380 Building $380,510
2023	$2,699.00 (+11.53%) Homeowner's exemption	$173,973 (+3%) Land $50,416 Building $123,557	$399,169 (+18.36%) Land $50,416 Building $348,753
2022	$2,420.00 Homeowner's exemption Disabled Person's exemption Veteran's exemption	$168,906	$337,247 Land $45,832 Building $291,415

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 505 NE 40th Ter in Zone X, an area of minimal flood risk, though there have been 1 flood claim nearby since 2015.

Source: FEMA National Flood Hazard Layer, effective September 18, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Community Rating System	Class 3 (35% premium discount)
Nearby Flood Policies	9 in force
Nearby Flood Claims	1 (2015)
Claims Outside the SFHA	1 of 1
Most Recent Claim	Sep 2015 · rainfall accumulation

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 505 NE 40th Ter is low, with a 0.03% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 94% of the US · lower than 94% of Florida
Wildfire Likelihood	0.03% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	OCALA, CITY OF (2 WTPS) serves 66,449 people · EPA ID FL3420922
Water Source	Groundwater
Last State Inspection	Oct 2023
Lead	Under 1 ppb (2023) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	1 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 150 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Wire 3 Fiber	10,000 / 10,000
Metronet Fiber	5,120 / 5,120
CenturyLink Fiber	3,000 / 3,000
Cox Communications Cable	2,000 / 100

May also be available: Central Florida Broadband, Ocala Fiber Network.

Cell Coverage

5G (outdoors only) and 4G LTE

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