Adams Homes at Hidden Lake | Get Your Closing Costs Paid On This Beautiful New Construction Home!

Discover Your Dream Home at Hidden Lake, Ocala

Are you on the hunt for a stunning new construction home with a low HOA and an opportunity to wave goodbye to closing costs? Look no further because we’ve got an incredible find for you in Hidden Lake, Ocala, Florida. In this blog post, we’ll delve into the fantastic features of this property and discuss why it’s an opportunity you won’t want to miss.

Your Guide: Zach Day, Your Ocala Realtor

Hi there, I’m Zach Day, your Ocala realtor with Fontana Realty, and I’m your trusted source for the latest and greatest properties and opportunities in Ocala, Florida. My mission is to provide you with a seamless path to homeownership, ensuring your real estate experience is nothing short of exceptional. If you’re looking for a free list of exclusive off-market new construction properties, don’t hesitate for a second. Click the link in the description to set up a free consultative meeting with me, and let’s get started on making your dream home a reality. Now, let’s explore this fantastic property.

Location, Location, Location

Before we dive into the property’s features, let’s talk about the incredible location. Ocala, Florida, is strategically placed in the heart of Central Florida, making it the perfect hub for exploring all that the Sunshine State has to offer.

– To the south, you’re just about an hour and a half away from Orlando, where you can immerse yourself in the magic of Disney, explore Universal Studios, and enjoy world-class shopping, dining, and entertainment.

– To the west, Tampa is within the same driving distance, offering attractions like Busch Gardens and Raymond James Stadium. Tampa also boasts a vibrant metropolitan area, providing endless opportunities for shopping, dining, and entertainment.

– And if you head north for about 45 minutes, you’ll find Gainesville, home to the University of Florida (Go Gators!), fantastic museums, and a charming downtown area teeming with life.

But what’s great about the location of this property is its proximity to local amenities. You’re just a stone’s throw away from Highway 200, where you’ll find all your shopping needs, a range of dining options, including restaurants, movie theaters, and major stores like Walmart and Publix. Living here, you’ve got everything you need within easy reach.

Property Highlights

Now, let’s get to the exciting part – the property itself. This beautiful home offers four bedrooms and three bathrooms, along with a bonus room. With 2,281 square feet of living space, you’ll have all the room you need. And to top it off, you’re sitting on a little over a quarter-acre of land. It’s a slice of paradise to call your own.

The Tour Continues

I wish I could show you every nook and cranny of this house right here in the blog, but alas, words can only do so much. If you’re interested in a full tour, don’t hesitate to reach out to me. I’d be delighted to make that happen.

Crunching the Numbers

Now, let’s talk numbers, because that’s what we all want to know, right? This fantastic property is currently listed at $384,950. But here’s the icing on the cake: the builder is offering to cover all your closing costs if you choose their approved lender. That means you might be looking at a home with zero closing costs. Now, that’s a deal that’s hard to come by.

Let’s talk about financing options:

– FHA Loan: If you’re looking for a low money down option, FHA might be your best bet. With just a 3.5% down payment, it’s an attractive choice for those with a credit score between 620 and 680.

– Conventional Loan: With a credit score over 680, you can consider a conventional loan, which offers the flexibility to put down anywhere from 3% to 20%. The remarkable thing about conventional loans is that once you reach 20% equity, you can kiss your private mortgage insurance (PMI) goodbye, saving you a significant monthly cost.

– VA Loan: If you’re a veteran, a VA loan is your golden ticket to homeownership. No down payment and, in this case, no closing costs either – thanks to the builder’s offer.

Let’s Talk Down Payments

– FHA: For a 3.5% down payment, that’s roughly $13,456 on a home like this.
– **Conventional**: With a 5% down payment, you’re looking at around $19,248.
– VA: If you’re a veteran, you guessed it, $0 down.

Don’t Forget About Closing Costs

If you’re not using the approved lender, remember that closing costs usually amount to about 3% of the purchase price, which in this case is approximately $11,548. But remember, the builder has you covered if you go with their lender.

### Additional Costs to Consider

– Taxes: Property taxes for this home are estimated at around $4,000 a year, equating to about $334 per month. Keep in mind that with a new construction home, you might only be paying taxes on the land for the first year, so be prepared for a higher tax bill in the second year when the structure is included.

– HOA: The icing on the cake is that this property boasts a refreshingly low HOA fee of $15.83 per month. That’s an excellent deal for a community like this one.

Monthly Payment Estimate

Your monthly payment is a combination of your principal payment, interest payment, taxes, insurance, and any applicable PMI (Private Mortgage Insurance). Given current interest rates, you’re looking at a monthly payment ranging from $2,900 to $3,100, depending on the financing option you choose.

Please note that these are estimates, and it’s essential to contact a lender to get precise figures tailored to your situation.

Reach Out to Zach Day

So, what do you think of this property? Is it what you’re looking for in your next home? We want to hear your thoughts! Contact me if you have questions or want to explore this property in more detail. If this particular property isn’t the one, let me know what you’re looking for in your dream home. Your dream is my mission, and I’m here to assist.

352-604-3948