Welcome to Jumbolair Aviation Estates! One of the longest private runways can accommodate aircraft with a weight limit up to 60,000 lbs. Skip the lines at the airport and enjoy the convenience of flying direct to your dream home and hangar. The lot is 235' x 510' (Lot 8 / Unit 1). This gated HOA community offers access to a 7,550' paved and lighted runway with VASI and PAPI Systems and a secondary 3,600' grass runway. If you are an equestrian, the World Equestrian Center is located approximately 15 miles away. Jumbolair Aviation Estates is a gated community, and an appointment is required for showings. There is an Annual Reserve Assessment of $8,450 ($725 taxi ways & streets and $7,725 for Runway) - this will be annual and undetermined on the amount of years. The HOA Operating Budget HOA Fee of $4278 Annually.
0 NE 16th Ter, #Lot A-8, Ocala, FL, 34479
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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