942 NE 5TH STREET, Ocala, FL, 34470 | $425,000

Under contract-accepting backup offers. Main Home is a 2 Bedroom, 2 Bathroom with a Bonus Room (we currently use as an Office) and Detached Guest Home has its own Entrance, Kitchen, Full Bathroom and a Bedroom Area Plus a Detached 2 Car Garage off the Alley. Main Home has a New Roof in Nov. 2023 and Guest Home Roof & Garage Roof in 2020. Main Home had a Full Renovation from 2010- 2012 and Guest House in 2020. All Electrical, Plumbing, Kitchen Cabinets, also the 3 Bathrooms were Fully Renovated, All Flooring, All Windows & Exterior Doors in Both Homes. Each Home has its Own Breaker Panel and Tankless Gas Hot Water Heaters. The Primary Bedroom in the Main home has a Large Walk in Closet and a 2nd Closet Plus a En Suite Bathroom with a Custom Tiles Walk In Shower. A Guest Bathroom with a Walk In shower in the Main Home too. The Guest Home is Fully Tiled, Custom Tiled Walk In Shower and this is Off the Brick Paver Courtyard with the Entrance off the Alley. The Courtyard has a Built In Gas Firepit, Covered Gas Grill Area and Beautifully Landscaped. The Detached 2 Car Garage was Built in 2020 and has Rear access. Full House Gas Generator was Added in 2020 and a New privacy Fence in 2024 around the Perimeter and Sides of the Property. Great For Short Term Rentals, Full Time Residence, or the Guest House can be Used for an Home Office. This property is 1/2 mile from Downtown Ocala and less than 3 Miles from Both Hospitals. Also 9 Miles to World Equestrian Center.

Features

  • Rooms: 9
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Inside
  • Style: Bungalow
  • Year Built: 1927
  • Garage: 2-car Alley Access, Garage Door Opener
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,808
  • Acreage: 0.26
  • Est. Taxes: $2,720
  • Lot Desc: City Lot
  • Pet Policy: Yes
  • Appliances: Dishwasher, Microwave, Range, Refrigerator, Tankless Water Heater
  • MLS#: OM699872
  • Days on Market: 3 days
  • Website: https://www.raveis.com
    /prop/OM699872/942ne5thstreet_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 4/28/2025 9:17:13 PM)
Listing courtesy of SELLSTATE NEXT GENERATION REAL   Phone: 352-387-2383

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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942 NE 5TH STREET, Ocala, FL, 34470

$425,000

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 $340,000 $340,000 $340,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.375% 6.875% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.995% 7.037% 6.066%
Monthly Tax Payment $227 $227 $227
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,121 $2,234 $2,823
Total Monthly Payment $2,423 $2,536 $3,125

* 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.