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This two-bedroom, two-bathroom home with a two-car garage is situated in the secure, 24-hour gated community of Palm Cay, for residents aged 55 and older and has low HOA fees. The spacious garage measures 20 feet by 24 feet. Inside, you'll find porcelain tile flooring throughout, with vinyl in living room and carpeting in the bedrooms. A washer and dryer are included in the indoor pantry/laundry room. The roof was newly installed in 2022 and includes gutter guards. Additional features include a water softener and an irrigation system. The Florida room is climate-controlled with heating and air conditioning, and there is a roomy, screened lanai.
This home is move-in ready! The management fee covers trash removal, access to the 24-hour guarded gate, and use of the clubhouse facilities and community pool. Located in Southwest Ocala, just a short distance from shopping, restaurants, the World Equestrian Center, VA hospitals, and other healthcare facilities. Golf carts are permitted, and RV/boat storage may be available for a modest monthly fee. The property is minutes from I-75, one hour from Gainesville, and one and a half hours from Disney.
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Our Executive Mortgage Banker:
Our Insurance Division:
$179,900
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 | $143,920 | $143,920 | $143,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.083% | 7.063% | 6.152% |
Monthly Tax Payment | $41 | $41 | $41 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $910 | $945 | $1,205 |
Total Monthly Payment | $1,026 | $1,061 | $1,321 |
* 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.