4941 NE 6th St, Ocala, FL 34470

Exceptional Value in Ocala! Spacious 3-Bedroom Home with Huge Potential!

Discover this incredible opportunity to own a 3-bedroom, 2-bathroom single-family home located at 4941 NE 6th St in the thriving community of Ocala, FL 34470. Built in 1983, this generously sized residence offers a substantial 2,061 sqft of living space, providing ample room for comfortable family living and entertaining.

This property is an outstanding find, particularly given its attractive price point and square footage in the current market. Priced at just $157,990, it stands as a testament to exceptional value, presenting a prime opportunity for those seeking an affordable pathway to homeownership, a promising investment, or a fantastic renovation project to build significant equity. It features central cooling and is ready for its new owners to personalize and enjoy.

Property Highlights:

• 3 Bedrooms / 2 Bathrooms: A highly functional layout, offering comfort and privacy.
• 2,061 sqft: Enjoy expansive interior living space, providing versatility for various layouts and activities.
• Built in 1983: A solid, established home with good bones, offering the perfect canvas for modern updates and personal style.
• Estimated Refinance Payment: $1,722/mo: Highlighting potential financing accessibility for this price point.
• Priced at $157,990: This is an extraordinarily competitive price for a 3-bedroom, 2-bathroom home of this size in Ocala, offering substantial savings compared to market medians.

Ocala (34470) Market Insights (as of May 2025 data):

The Ocala housing market is generally described as a Buyer’s Market, indicating that the supply of homes is currently greater than the demand. This creates a favorable environment for purchasers, offering more choices and negotiation opportunities.

• Median Sold Price (Ocala Overall): The median sold price for all homes in Ocala was $290,000 to $285,000 in May 2025, showing a modest increase year-over-year.
• Median Sold Price (3-Bedroom Homes in Ocala): The median sold price for 3-bedroom homes across Ocala was $269,800 in May 2025. This property’s list price of $157,990 is dramatically lower than this median, making it an exceptional value for a 3-bedroom home, especially one with over 2,000 sqft.
• Days on Market: Homes in Ocala are selling after an average of 41 to 73 days on the market in May 2025. This extended time on market (compared to last year) provides buyers with more time to conduct due diligence and make informed decisions.
• Negotiation Potential: Homes in Ocala sold for an average of 1.39% to 4% below asking price in May 2025, and over 55% of homes sold below asking price. This indicates good negotiation leverage for buyers.
• Inventory: There are over 10,000 homes for sale in Ocala, with inventory for 3-bedroom homes increasing by 1.0% month-over-month, providing a wide selection for buyers.

Important Considerations for Buyers in Ocala, FL:

• Closing Costs: Buyer closing costs in Florida typically range from 2% to 5% of the purchase price. For a $157,990 home, this could be approximately $3,160 to $7,900.
• Home Insurance: Ocala generally has lower home insurance rates compared to coastal Florida. Average annual home insurance costs in Ocala are around $1,942 to $2,527. For a home built in 1983, rates could be competitive. Buyers should obtain specific insurance quotes.
• Environmental Risks (for 4941 NE 6th St, Ocala, FL 34470):
  • Flood Risk: While Ocala is inland, buyers should always consult official FEMA Flood Insurance Rate Maps (FIRMs) for the specific address (e.g., at msc.fema.gov) to determine the exact flood zone. The City of Ocala and Marion County provide resources for flood map information, emphasizing the importance of investigation before purchase. Flood insurance is often recommended, as standard homeowners’ insurance does not cover flood damage.
  • Other Risks: Information on wind, heat, or wildfire risk specific to 34470 was not predominantly available, but Florida generally faces these environmental considerations. Buyers should be aware of the potential for severe weather.

This property at 4941 NE 6th St presents an exceptional and affordable opportunity to acquire a spacious single-family home in the growing Ocala market. Its attractive price point, generous square footage, and the current buyer-favorable market conditions make it a compelling choice for a primary residence or a promising investment property.

Don’t miss this incredible value in Ocala! Contact us today to schedule a private showing and explore your financing options.