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4892 NW 101st Street Rd
Ocala, FL

4892 NW 101st Street Rd

$700,000
4 bd • 3 ba • 2,507 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$700,000

Price/Sq.Ft

$279

Year Built

2023

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This newly built (2023) 4-bedroom, 3-bathroom home in Equestrian Springs offers exceptional value at $279.22/sqft, which is approximately 15% below the average of $328/sqft for similar new constructions in Ocala. The property sits on a spacious 2.96-acre lot zoned A1, ideal for equestrian enthusiasts and providing ample space for future expansion. At 2,507 sqft, it's 25% larger than the median home size in Ocala (2,000 sqft). The property boasts high-end features like an open floor plan, high ceilings, a chef's kitchen with an oversized pantry, and a sparkling pool, adding significant value. The oversized garage offers versatility for storage or workspace. With only 10 days on the market, this property is attracting attention quickly, indicating strong market appeal.

The Bad

The estimated annual insurance cost of $2,520 is approximately 20% higher than the Florida average of $2,100, likely due to the property's size and features. The location, while offering a serene countryside lifestyle, is relatively far from top-rated schools. The nearest elementary school (Fessenden Elementary) has a low rating of 2/10, which may impact future resale value or appeal to families with school-aged children. The A1 zoning, while beneficial for equestrian use, may limit certain types of property modifications or additional structures without proper permits.

The Ugly

The property's location in Ocala presents some significant environmental risks. Florida, and particularly the Ocala area, is prone to sinkholes, which can cause severe structural damage. The hurricane risk is also considerable, with potential for high winds and flooding, even though Ocala is inland. These factors could lead to higher long-term maintenance costs and potentially impact property value. The local school ratings (2/10 for elementary, 4/10 for middle, and 3/10 for high school) are significantly below average, which could be a major deterrent for families with children and may affect long-term property appreciation.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is ideal for equestrian enthusiasts or those seeking a luxurious countryside lifestyle. It's perfect for buyers with a household income of $175,000+ (based on a 28% front-end DTI ratio for a $560,000 mortgage at current rates). The spacious layout and high-end features make it suitable for families or individuals who love to entertain. It's also attractive for those looking to escape urban areas, as it offers privacy and space on nearly 3 acres. Investors might find potential in short-term vacation rentals, capitalizing on Ocala's reputation as a horse capital and attracting equestrian tourists.

Not For

This property is not suitable for buyers seeking an urban lifestyle or those who prioritize walkability to amenities. With a price point of $700,000, it's out of reach for median income households in Ocala ($55,461). The property isn't ideal for families prioritizing top-rated public schools, given the low local school ratings. Those looking for a low-maintenance property may find the large lot and pool upkeep demanding. Buyers uncomfortable with environmental risks like sinkholes and hurricanes should also reconsider.
Demographics
Area Median Income

$55,461

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Risk Assessment

Risk Analysis

The most significant risks include environmental factors such as sinkholes and hurricanes. Ocala's susceptibility to sinkholes could lead to structural issues and increased insurance costs. Hurricane risks, while lower than coastal areas, still exist and could result in wind or flood damage. The low-rated local schools pose a risk to long-term property value appreciation, potentially limiting the buyer pool in the future. The A1 zoning, while beneficial for equestrian use, may restrict certain property modifications or additional structures. The high insurance costs ($2,520 annually) could increase further due to climate-related risks. The property's rural location might face future development pressures, potentially altering the area's character over time.
Insurance
Annual Cost

$2,520

$210 per month

Financials

Monthly Costs
Market Rent (4 bed)

$1,572

Get a detailed rental estimate on Zillow®
HOA Fee

$124

Price History

Property Taxes

$766
2023 Tax Assessment
102.3%from previous year
Assessed Value$30,446
Tax Rate2.51%

Location & Comparables

Subject Property
Comparable Sales
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