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Home priced below appraised value for a quick sale! Seller motivated. Situated on 17. 47 acres in Reddick, this equestrian property is designed with functionality and income potential in mind. Conveniently located within 5 minutes of the proposed World Equestrian Center Jockey Club and approximately 20 minutes to both HITS Ocala and the World Equestrian Center, this property offers an ideal location for equestrians, horse enthusiasts, and those seeking peaceful country living. Also nearby are CHI University Center Equine Hospital and Flemmington Community Park.
The majority of the acreage is dedicated to 5 well-maintained pastures featuring concrete automatic stock waterers. The barn currently offers 9 functional stalls with the potential for 14 stalls by adding stall boards back, plus an office and tack room. Stalls have piping connected for easy watering. Opportunity to continue with current boarding income and expand operations with additional boarders.
The 3 bedroom, 2 bathroom home offers 2, 108 square feet with an open floorplan, kitchen overlooking the dining and living areas, remodeled bathroom, luxury vinyl plank flooring throughout most of the home, laminate in remaining areas, and freshly repainted interior. Exterior features include oversized front and back porches spanning the full length of the home, plus a 50 amp RV hookup.
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Our Executive Mortgage Banker:
Our Insurance Division:
$625,000
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 | $500,000 | $500,000 | $500,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $238 | $238 | $238 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,079 | $3,157 | $4,152 |
| Total Monthly Payment | $3,409 | $3,487 | $4,482 |
* 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.