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Make your country living dream come true with all the conveniences of being within a 12 minute drive to downtown Ocala! A unique opportunity to own a home with a separate studio/in-law suite, a rare find in Ocala, and an investor's dream! The sky is the limit with this property. The second structure requires finishing, but has designated framing for a bathroom and kitchenette. Seller has done major upgrades on main house, including a new well (2024), A/C, duct work and heat pump all replaced in 2022, and a gorgeous metal roof completed in 2022. The freshly landscaped fenced yard is the most inviting spot for those warm summer night cookouts. Main house was used by previous owner as an AirBnB with substantial rental income. Bring your vision and make this property your dream home, or convert second structure into a tiny house and use it for passive income! Property also features a spacious shed for extra storage. Easy commute to the World Equestrian Center, and Gainesville is a straight 45min(+/-) shot up 301. A blend of quiet countryside living and ultra convenient location to any modern amenities of town you might need.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$220,000
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $176,000 | $176,000 | $176,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.209% | 6.178% | 5.541% |
| Monthly Tax Payment | $62 | $62 | $62 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $999 | $1,055 | $1,415 |
| Total Monthly Payment | $1,136 | $1,192 | $1,552 |
* 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.