3231 S Pine AVENUE, Ocala, FL, 34471 | $1,464,000

Recently renovated motel with 16 rooms, master studio of 2 bedrooms, full size kitchen, 1 bathroom and office. A new roof, wiring, a/c units and paint was recently done. This nice property is located in a busy area where there are many shops, stores and close to Interstate 75. You will find local restaurants and easy access to what you need. Ocala Nestled between well-known theme parks and sandy beaches, the jewels of the Ocala National Forest attract visitors from around the world. Home to over 400 thoroughbred farms and training centers, Ocala is considered the "Horse Capital of the World". [9][10] Notable attractions include the Ocala National Forest, Silver Springs State Park, Rainbow Springs State Park, the College of Central Florida, and the World Equestrian Center.

Features

  • Property Type: Hotel/Motel
  • Construction: Block
  • Levels: 1
  • Cooling: Wall/Window Unit(s)
  • Year Built: 1958
  • Approx Sq. Feet: 7,026
  • Acreage: 0.68
  • Est. Taxes: $4,335
  • MLS#: O6227455
  • Days on Market: 71 days
  • Website: https://www.raveis.com
    /prop/O6227455/3231spineavenue_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 11/1/2024 2:18:47 AM)
Listing courtesy of FLORIDA HOMES REALTY & MTG   Phone: 904-996-9115

William Raveis Family of Services

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888.699.8876

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

3231 S Pine AVENUE, Ocala, FL, 34471

$1,464,000

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 $1,171,200 $1,171,200 $1,171,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.750% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.343% 6.851% 6.704%
Monthly Tax Payment $361 $361 $361
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,499 $7,596 $10,202
Total Monthly Payment $7,985 $8,082 $10,688

* 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.