Single Family Residential Lot, House and gigantic pool in a prime area of SE Ocala. Property was abandoned and subsequently the mortgage foreclosed. House needs substantial rehabilitation. Property was acquired by the City of Ocala from the Federal Home Loan Mortgage Corp.in lieu of demolition & code lien foreclosure. Approx. 0.55+/- Acre. PID # 29171-000-00. Open for inspection 10 AM to 2 PM Thurs. 11/9, Mon. 11/ 13 & 9:30AM day of sale. Buyers should preview property prior to sale.TERMS: $2,500.00 down on the day of sale with balance of 10% down in certified funds within 24 hours of sale. Balance of purchase due at closing within 30 days from the sale date. Additional terms as specified in the sales contract.
The sales contract will require buyer to either: (a) demolish the structure within 30 days after closing; or (b) apply for a building permit with plans and specifications for rehabilitation within 60 days after closing, and then complete all rehabilitation of the structure and obtain a certificate of occupancy therefor within 270 days after closing. Non-compliance will cause the property to revert to the City.
*Successful bids are subject to City Of Ocala Council approval within 30 days of auction. The City of Ocala reserves the right to accept or reject any and all bids.