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Gentleman's farm, nestled within the sought-after gated community of Summit II in Ocala, Florida. Situated on a generous 4. 72-acre estate, this residence, built in 1987, offers an abundance of space with the potential for up to 5 bedrooms and 3. 5 bathrooms, ensuring comfortable living for a growing family or those who love to entertain. Boasting a significant 4, 277 living square feet, this home provides plenty of room for a large family or offers the potential for a multi-generational living arrangement. The kitchen, the heart of this home, features a Thermador side-by-side 30-inch refrigerator and freezer, custom wood cabinets, full-thickness Italian tile, and ample accent lighting. The breakfast nook, conveniently located off the kitchen, overlooks the sparkling pool. The formal living room exudes warmth with its cozy wood flooring and a stunning copper fireplace. The stately master suite is bathed in natural light, showcasing vaulted ceilings and a spa-like bathroom complete with a soaking tub, walk-in shower, dual vanities with smart mirrors featuring extra lighting and anti-fog capabilities. The expansive master walk-in closet was thoughtfully designed by California Closets. Additionally, you'll find three guest bedrooms, a den or office, and a large bonus room with endless possibilities. Imagine relaxing in your own enclosed pool, perfect for enjoying the warm Florida climate. The indoor laundry room offers convenience with ample cabinets, counter space, and a sink. The three-car garage has been updated with a durable polyurea coating on the floor. With a history of appreciating value, this home presents a sound investment opportunity. Situated in an area known for its spacious properties and horse-friendly zoning, plus a short ride to The Florida Horse park just 6. 2 miles and Santos Trails are just 5. 4 miles away. The detached out building could be easily transformed into a barn for your horses. This property is thoughtfully priced to allow you to make it truly your own with personal updates and a little sweat equity. While the home has been lovingly maintained and features several high-end updates, there is still significant potential for customization. This is a rare chance to secure a generously sized estate in a prime location and infuse your own style, tailoring the finishes and cosmetic details to your exact taste. Invest now, personalize later, and watch your investment grow in this desirable neighborhood. This property is more than just a house; it's a place to create lasting memories.
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Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,000,000 | $1,000,000 | $1,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.477% | 6.133% | 6.038% |
| Monthly Tax Payment | $714 | $714 | $714 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,836 | $5,996 | $8,371 |
| Total Monthly Payment | $6,675 | $6,835 | $9,210 |
* 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.