2049 NW 111th LOOP, Ocala, FL, 34475 | $549,000

Nestled on over an acre in the prestigious gated community of Summit Downs, this enchanting estate offers both privacy and a serene countryside ambiance. Summit Downs is surrounded by the renowned Ocala Downs, a well-established equestrian haven that showcases the stunning beauty of Central Florida’s horse country—ideal for those seeking a tranquil, picturesque lifestyle. The 4-bedroom, 2-bath home rests at the heart of the property and features ample curb appeal thanks to gentle shade from mature oaks, professional landscaping, and large yards. Step through brand new front doors and experience an immediately freshly painted interiors that showcase super high volume ceilings, abundant natural light, and tasteful wood-look laminate and tile flooring throughout. The heart of the home is the kitchen, a true culinary delight with its generous counter space, ample cabinetry, tiled backsplash, a large breakfast bar, additional pantry storage, and lots of light from skylights. Perfectly positioned, the kitchen seamlessly connects to both the living and dining areas, making it an ideal hub for gatherings and daily life. The primary suite is a great place to unwind after a long day with a spacious layout, a large walk-in closet with shelving system, linen closet, and a stunning en-suite bathroom that includes a vessel sink and a large glass-door shower. If you’re looking to enjoy the year-round sunshine, the enclosed lanai at the back of the home is the perfect option with multiple ceiling fans and lovely views to the backyard area. Beyond is a screen-enclosed green area with a lovely koi pond– this space is incredibly unique and is a phenomenal option for those who enjoy spending time tending a garden or simply spending time outdoors and entertaining. The large backyard is fenced-in with 3-board fencing and provides direct access to the community’s horse and walking trails via a gate. Conveniently located just a short drive from Ocala’s vibrant array of shopping, dining, and entertainment options, this property truly offers the best of both worlds—a perfect blend of peaceful countryside living and modern convenience!

Features

  • Rooms: 3
  • Bedrooms: 4
  • Baths: 3 full / 1 half
  • Laundry: Laundry Room
  • Year Built: 1999
  • Garage: 2-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,059
  • Acreage: 1.23
  • Est. Taxes: $2,447
  • HOA Fee: $500 Annually
  • Lot Desc: Cleared, Landscaped, Street Dead-End
  • Pet Policy: Yes
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • MLS#: OM684371
  • Days on Market: 60 days
  • Website: https://www.raveis.com
    /prop/OM684371/2049nw111thloop_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 12/23/2024 8:47:07 AM)
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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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2049 NW 111th LOOP, Ocala, FL, 34475

$549,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $439,200 $439,200 $439,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.456% 7.171% 6.276%
Monthly Tax Payment $204 $204 $204
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,959 $2,919 $3,704
Total Monthly Payment $3,255 $3,215 $4,000

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.