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Excellent opportunity for an investor project. 3-acre farm with a 3-bedroom, 2-bathroom mobile home, with 1, 720 sq ft of space to update. The owners have begun remodeling, so they have materials to continue the renovations. The remodel includes new windows, doors, and framing. Strategically located in the city of Reddick between Ocala and Gainesville, just 25 minutes from the WEC and a few miles from Majestic Oaks and the Jockey Club, which will be a new equestrian facility. This farm is a hidden gem for those looking to enjoy country living without sacrificing proximity to the best equestrian centers and outdoor activities. The property is also located off Highway 441 and just 3 miles from I-75, making it easy to access in any direction. Not in a flood zone, X zoning, no HOA! The home offers a split floorplan, placing the master bedroom on one side with a shower, tub, and walk-in closet.
You'll enjoy the peace and quiet this home offers, with an exceptional combination of privacy, tranquility, and versatility. It features fruit trees and stables for four horses, which need repairs due to a fallen tree.
With easy access to state parks, lakes, and world-class equestrian centers, it's an ideal retreat for horse and farm animal lovers, as well as those who love the outdoors. Whether you're looking to create a private farm, an equestrian estate, or a multi-use property, this property is ready for the next step. Don't miss this incredible opportunity! Schedule your private showing today and make your offer!
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William Raveis Real Estate
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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 | $116,000 | $116,000 | $116,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.173% | 7.316% | 6.550% |
Monthly Tax Payment | $197 | $197 | $197 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $752 | $782 | $995 |
Total Monthly Payment | $1,023 | $1,053 | $1,266 |
* 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.