Discover your dream home or a fantastic investment opportunity in the heart of Ocala! This unique property includes a spacious 3-bedroom, 3-bath home and an adjoining . 32-acre vacant lot, offering tremendous potential for future development. With the lot already zoned for two-family residences, it’s perfect for building a duplex, generating rental income, or expanding your living space. With over 2, 000 square feet of living space, this home provides ample room to spread out comfortably. Inside, you’ll find beautiful built-ins, abundant storage spaces including the shed and a large area in the garage. The home is situated on a corner lot, and with the additional vacant land, the entire property spans over half an acre. Located in a prime spot, you're minutes away from key attractions, including the world-renowned World Equestrian Center—a premier destination for equestrian sports, dining, and entertainment. Downtown Ocala, Silver Springs State Park, and the Ocala National Forest are nearby, and easy access to Interstate 75 and Highway 27 makes commuting a breeze. As you enter, to the left, you'll step down into two spacious rooms, perfect for a formal living and dining area. To the right, a hallway leads to three bedrooms and two baths. Straight ahead from the foyer, you'll find a large eat-in kitchen, a laundry/utility area with extra storage, and a door leading to the yard. Sliding doors open up to an oversized family room, which connects to the two-car garage and a full bathroom. The home also offers multiple parking options with a long driveway and an additional driveway at the front. With Ocala's booming real estate market, this property offers limitless possibilities for homeowners and investors alike. Seize this rare opportunity to own a home with development potential in one of Ocala’s most desirable locations!
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Our Executive Mortgage Banker:
Our Insurance Division:
$280,000
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 | $224,000 | $224,000 | $224,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
Monthly Tax Payment | $129 | $129 | $129 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,472 | $1,489 | $1,889 |
Total Monthly Payment | $1,676 | $1,693 | $2,093 |
* 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.