787 SE 162ND TERRACE, SILVER SPRINGS, FL, 34488
Active19 days on marketListed Jul 17, 2026MLS #OM728703
About this home
787 SE 162ND TERRACE
Investors special and small business owner opportunity! Come see this extremely affordable commercial property with a high B-4 zoning with matching land use, according to Marion County zoning office. This is a high traffic exposure corner property on state road 40 and fronts on three streets! The lot size is 200 feet +/- on state road 40 and is 173 feet +/- in depth being .82 acres total. It's located in the busy commercial district with lots of other new business going in. Included is a small 12x16 mobile office building and one other 8x8 shed. If you are wanting to get started in business without spending a billion dollars, THIS IS IT! An absolute great buy at just $75,000! You may never , ever see a commercial property like this at this price ever again. A one time opportunity is staring you right in the face! Hurry!
Facts & features
The home at a glance
0.82 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$749 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$749/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Silver Springs
Get to know Silver Springs. See the full Silver Springs guide →
SILVER SPRINGS 34488 — neighborhood snapshot
Population
11,525
Median age
45.8
Median income
$45,239
Median home value
$75,300
Avg household
2.27
Households w/ children
1,214
For the school run
Marion County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Silver Springs market
$148K → $197K
Silver Springs median sold, yr/yr
94.8%
Sale-to-list ratio (12 mo)
Median sold price, Silver Springs, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 17% below the SILVER SPRINGS 34488 median. See the full Silver Springs market guide →
Paper trail
This home's history
Reality check
What actually sold near 787 SE 162ND TERRACE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$154,900
655 SE 162ND TERRACE · same community
2 bd · 2 ba · 784 sqft · $198/sqft · 68 DOM
Sold · May ’26$33,000
17461 SE 10TH STREET
2 bd · 1 ba · 480 sqft · $69/sqft · 21 DOM
Sold · Oct ’25$59,000
1018 SE 159TH TERR
2 bd · 1 ba · 672 sqft · $88/sqft · 5 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 787 SE 162ND TERRACE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 787 SE 162ND TERRACE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
787 SE 162ND TERRACE FAQs
What would the monthly payment be for 787 SE 162ND TERRACE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $749/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 787 SE 162ND TERRACE?+
The most recent tax bill on record (2025) was $1,371. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 787 SE 162ND TERRACE?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Silver Springs?+
At $75,000, this home is listed about 67% below the Silver Springs median of $225,000. The market section on this page shows how the area is trending.
Which schools are assigned to 787 SE 162ND TERRACE?+
East Marion Elementary School (elementary), Lake Weir High School (high), Fort McCoy School (elementary) — Marion County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of SUN REALTY & ASSOC · Daniel Craig. MLS #OM728703.
IDX information is 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
Never miss a listing
New Silver Springs homes, in your inbox
Like 787 SE 162ND TERRACE but not quite? A daily digest of every new listing in Silver Springs — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask David to ping you on any price or status change →