2420 NE 48 COURT, Ocala, FL, 34470 | $1,230,000

Rare opportunity for a developer, an owner/ user or an investor. Located within the city of Ocala, this 15. 46 acres (3 parcels combine) includes a 3/2 home with inground swimming pool is less than a mile from Silver Springs Park off Hwy 40 across the street from Wal Mart supercenter. All three parcels are zoned R3, perfect for multifamily dwellings, can create a small subdivision. Three parcels combine together are able to build more than 50 single family homes. Two of the three parcels are cleared of trees. Owner has an unfinished project to develop a subdivision due to family matter. Home has been vacant for period of time, it needs renovation.

Features

  • Elem. School: Ocala Springs Elem. School
  • Middle School: Fort King Middle School
  • High School: Vanguard High School
  • MLS#: OM676453
  • Days on Market: 26 days
  • Website: https://www.raveis.com
    /prop/OM676453/2420ne48court_ocala_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is 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. (last updated 12/22/2024 10:17:10 AM)
Listing courtesy of LEGACY REALTY & ASSOCIATES   Phone: 352-203-4801

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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2420 NE 48 COURT, Ocala, FL, 34470

$1,230,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $984,000 $984,000 $984,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.620% 6.735% 6.806%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,382 $6,301 $8,639
Total Monthly Payment $6,507 $6,426 $8,764

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.