An incredible opportunity for multi-generational living or passive rental income! Situated just 5 miles from the World Equestrian Center in Ocala’s NW region, this lovely property has a fantastic location. Two residences are currently in-place: a 3-bedroom, 2-bath main home and a 2-bedroom, 1-bath secondary home. Together, the homes total over 4, 000 sqft of living space with plenty of opportunity to use the homes as a combination primary residence and a detached in-law house, guest house, or potential AirBnB space. Both homes are concrete block and share a well and backyard, but have individual electric and septic. The primary residence features multiple upgrades including a new septic, new roof, and new hot water heater. The kitchen has been fully updated as well with new cabinetry, stone countertops, stainless steel appliances, and pantry. The back of the home also offers a large screen-enclosed patio area which is perfect for enjoying a quiet morning coffee or simply taking in views of the backyard. The secondary residence is equally impressive with a full sized living area, a bonus room that could be used as an office, and a full kitchen. This property offers exceptional potential for those who want to accommodate guests nearby without sacrificing personal privacy, making it a true gem with endless opportunities for the right buyer!
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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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $399,200 | $399,200 | $399,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $443 | $443 | $443 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,656 | $2,653 | $3,367 |
Total Monthly Payment | $3,174 | $3,171 | $3,885 |
* 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.