Situated in the heart of Marion Oaks, this residential lot measures 80 by 125 feet. Located outside the flood zone, with no wetlands or protected species, this lot is shovel-ready and primed for development. Marion Oaks is located south of downtown Ocala and next to I-75 for easy access to the Orlando suburbs. Marion Oaks has plenty to do for nature lovers including natural springs, state forests, mudding, and biking trails. Marion Oaks is exploding with development due to low housing prices and cheap land. Walmart and shops are just 10 minutes away. Silver Springs Shores, one of the largest artesian spring formations in the world, is just 20 minutes away. Just 20 minutes to downtown Ocala, and 1 hour to downtown Orlando.
SW 56th Terrace ROAD, Ocala, FL, 34473
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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