Take advantage of obtaining a great property with rare R-3 (multi-family) zoning, in a great location. Close to city center, shopping and two main hospitals in Ocala. Large yard, with possibility of building an additional duplex or 2 individual units on the property. Ideal for building a separate mother in law quarters or rental units for additional income. City of Ocala electric and water services the property. New septic system and drain lines installed. Newer high efficiency heat pump system. Bonus Florida room with hardwood paneling. Great exterior lighting in bedrooms with multiple windows. Ceramic tile throughout majority of the house with custom tile work in kitchen area and front entry, new laminate flooring in master bedroom with lifetime warranty. Two full bathrooms with custom tile work. Gated and fenced front entry and sides of property. Rear property line is approximately 10 feet beyond trees and lawn area. Updated and upgraded electric panel with 200 amp capacity with ample room to add additional service breakers for future use. A beautiful property with a large lot, providing room to grow and/or build additional living space. GREAT POTENTIAL FOR EXPANSION. Property was originally listed and being sold as is, but seller took it off market for several weeks and did tens of thousands of dollars in renovations and put back on the market.
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Our Executive Mortgage Banker:
Our Insurance Division:
$186,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $148,800 | $148,800 | $148,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $109 | $109 | $109 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $990 | $989 | $1,255 |
Total Monthly Payment | $1,174 | $1,173 | $1,439 |
* 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.