Posts Tagged ‘Marion Oaks Ocala FL’
Marion Oaks is a huge sub division just south of Ocala. It was first established in 1973 and comprises 15,000 acres. Like many Marion County sub divisions of that era, Marion Oaks was divided into lots and all the roads were laid out and paved. Also like most sub divisions of that era, most of the lots were never built on and many lots are still vacant today. More on Marion Oaks.
Fast forward to the building boom of 2003-08. Marion Oaks was full of cheap lots with existing roads and utilities. During this period a tremendous number of new homes were built. Many of these homes were sold to investors who thought they could buy a house at a pre construction discount and flip the house once completed for a profit. A huge number of these homes were never flipped and eventually went into foreclosure.
At the time of this blog post Marion Oaks foreclosures represent about 15% foreclosed of home sales in the Ocala Marion County area. There are two types of foreclosures in Marion Oaks. The first type is the newer homes built after 2003, which are larger homes from 1500-2300 sq ft and of CBS construction. In addition to the newer Marion Oaks foreclosures there are quite a few smaller block homes built in the 70′s and 80′s. Most of these older homes need work but they sell pretty cheap.
Check out my Ocala Foreclosure Guide for more on buying an Ocala foreclosure and other distressed properties.
If you are interested in Marion Oaks foreclosed homes give me a call, send me an email or use the Ocala Dream Home Finder. I can set you up a Listing Cart which is a custom MLS search for Marion Oaks. I will need a price range and a sq ft of living area range at the minimum. I will set you up a personal account on the Ocala MLS that will show every foreclosure in Marion Oaks and automatically notify you when ever a new foreclosure gets listed.
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