1989 NW 111th LOOP, Ocala, FL, 34475 | $649,999

Welcome to this gorgeous custom home located in the heart of horse country, in the sought-after community of Summit Downs, with so many upgrades and improvements, there isn't enough room to list them all here!! This magnificent 3 bedroom and 2 bathroom retreat boasts 2342 square feet, and sits gracefully on just under and acre and a quarter, nestled amongst the oak trees and backing up to the serene view of the neighboring horse farm. Upon entering the home, you are greeted by a welcoming formal living room accompanied by a formal dining room, all under soaring ceilings that continue throughout the entire home. The current owners are using the formal dining room as a bar area to enjoy cocktails or entertain guests, but this space is up to the new owner's imagination. This home's expansive kitchen is certainly one of the focal points that is a must see! The entire kitchen has had an amazing facelift, with all the cabinets newly lacquered, a custom stone backsplash, brand new Samsung gun metal finger printless stainless-steel appliances, under counter LED lighting, new sink and faucet and every counter in the home has new granite counter tops. The primary suite has spacious his and hers walk in closets, a custom-built double vanity with new granite counters, walk-in shower and soaking tub. The home offers a true split plan, with the 2 guest bedrooms located just past the family room/kitchen, with the guest bath that has a tub/shower combo, and new vanity/granite counter tops. With exits from the living room, kitchen/family room and primary bedroom, the back patio and lanai area provide a beautiful view of the neighboring horse farm, with ample room for all the outdoor seating and grilling area you could want, in addition to plenty of space for a gardening hobby or hot tub (porch already wired for a hot tub). For those that value privacy and security, Summit Downs is a gated community that sits inside the mini farm community of Ocala Downs, which is also gated, so homeowners can feel safe in the comfort of their own home! The list of upgrades that the current owners have made to this home is too long to list here, so the complete list is under the realtor's paperclip, but some of the noteable improvements are a new 30 year GAF roof in 2023, new septic field in 2022, interior and exterior paint, kitchen upgrades in 2022, and MUCH MORE!! This home is a definite must see!!

Features

  • Rooms: 3
  • Bedrooms: 3
  • Baths: 2 full
  • Lot Size: 209 x 258
  • Laundry: Electric Dryer Hookup, Inside, Laundry Room
  • Year Built: 2002
  • Garage: 2-car
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,342
  • Acreage: 1.24
  • Lot Size: 209 x 258
  • Est. Taxes: $6,546
  • HOA Fee: $500 Annually
  • Lot Desc: Cleared, Oversized Lot
  • Pet Policy: Yes
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator, Water Purifier, Water Softener
  • MLS#: OM672654
  • Days on Market: 88 days
  • Website: https://www.raveis.com
    /prop/OM672654/1989nw111thloop_ocala_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 6/13/2024 5:47:09 PM)
Listing courtesy of ROBERT SLACK LLC   Phone: 352-229-1187

William Raveis Family of Services

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.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

1989 NW 111th LOOP, Ocala, FL, 34475

$649,999

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $519,999 $519,999 $519,999
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.815% 7.055% 6.120%
Monthly Tax Payment $546 $546 $546
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,460 $3,416 $4,353
Total Monthly Payment $4,098 $4,054 $4,991

* 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.