8035 NW 120th STREET, Reddick, FL, 32686 | $1,376,000

NEAR WORLD EQUESTRIAN CENTER OCALA FL, 12. 25 ACRES, VERY LARGE 13/14 STALL BARN, 3BR/2BA MAIN HOUSE, FOUR 1BR/1BA APARTMENTS, 11 m North of WORLD EQUESTRIAN CENTER OCALA FLORIDA. Desirable Location 11 m North of World Equestrian Center in Golden Corridor "Billionaires' Row" just off 225A in Brookfield Annex Reddick. Income producing. Great investment. This 12. 25-acre horse farm has 3/2 house, 13/14 stall barn & 4 apartments. Please email owner directly. The main house has 3br/2ba, plus huge 13/14 stall equestrian barn, plus four 1br/1ba apartments for rental income, guests, workers, students. Excellent for equestrian business. The main house is a 3br/2ba charming log cabin house with charming, detailed wood working, set in a serene setting with a mixture of palms and oaks, overlooking a natural spring fed creek, with a unique covered wooden foot bridge. Plus, four 1BR/1BA guest or rental apartments. There are two 1br/1ba private log cabin apartments also overlooking the spring-fed creek and covered wooden foot bridge (each has 1 bedroom, full bath, full kitchen, living room). There is also a big beautiful barn, concrete block painted white with black shutters and shingle roof, a wide center aisle, high roof/ceiling, with 13 large horse stalls, wash stall, laundry room, and full bathroom. Plus there are two 1br/1ba barn apartments. Barn apartment 1 has white tile, high ceilings, and lots of light from lovely windows, eat-in kitchen, large living room, walk-in closet, full bathroom, 1 bedroom, private entrance and covered front porch. Barn apartment 2 has 1 bedroom, 1 full bath, kitchen, living room, covered back porch overlooking pasture. Property has Wi-Fi internet, cable TV, phone service, electric, well water. Contact info is in Realtor remarks. If you previously inquired on this 12. 25 acre property with 3/2 cabin, 13/14 stall barn, plus four 1/1 apartments, and realtors did not respond or re-routed your inquiry.

Features

  • Rooms: 4
  • Bedrooms: 7
  • Baths: 7 full
  • Year Built: 2005
  • Garage: Open, Other
  • Heating: Central, Electric, Wall Units / Window Unit
  • Cooling: Central Air
  • Approx Sq. Feet: 3,080
  • Acreage: 12.25
  • Est. Taxes: $4,165
  • Lot Desc: In County, Pasture, Zoned for Horses
  • View: Garden, Water
  • Pet Policy: Yes
  • Appliances: Dryer, Freezer, Microwave, Range, Refrigerator, Washer
  • MLS#: T3364096
  • Days on Market: 726 days
  • Website: https://www.raveis.com
    /eprop/T3364096/8035nw120thstreet_reddick_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 5/5/2024 6:05:33 PM)
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NMLS Mortgage Loan Originator ID 16953

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Melissa.Cohn@raveis.com

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8035 NW 120th STREET, Reddick, FL, 32686

$1,376,000

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 $1,100,800 $1,100,800 $1,100,800
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 7.000% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.838% 7.103% 6.915%
Monthly Tax Payment $347 $347 $347
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,416 $7,324 $9,741
Total Monthly Payment $7,888 $7,796 $10,213

* 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.