Home for Sale at 1675 CASSIDY DRIVE, SAINT CLOUD, FL 34771

1675 Cassidy Drive
Saint Cloud, FL 34771

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Property Details

List Price:	$735,000
Beds:	4
Baths:	3
Status:	Active
SqFt:	2585
Agency:	eXp Realty LLC

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Description/Comments

Lot Size:	3 acre(s)
Property Type:	Residential
Year Built:	2003
Notes:	Welcome to Bay Lake Ranch! Whether it's the peaceful country setting, the surrounding lakes, the grade A schools, this 4/3 home is for the family who loves the country lifestyle. You'll be greeted daily by your pond and 8' wide wrap around porch. The property has 3 usable acres that are zone for horses, there is plenty of land for the farm of your dreams. When you enter the home you'll notice the ceramic tiles all throughout the first floor, wet areas and waterproof bamboo floors on the second floor. Double pane windows. There is a fireplace with a custom mantle that features a hidden electronic storage area takes center stage in the living room. The kitchen features a breakfast nook for family meals and has custom cabinetry that you will also find in all 3 baths. The home was recently been remolded with new kitchen updates/quarts counter tops, tiled backsplash, tiled bath updates and glass shower enclosures. The laundry room has an over/under washer and dryer and a sub-zero deep freezer that stays with the home. The master bedroom is located upstairs and has a balcony overlooking your backyard. The over sized detached 2 car garage (27 deep x 25 wide) houses the properties water softener and is perfect for the ultimate workshop and includes a second refrigerator that stays with the home. The home is on a septic system and has a 390' deep water well!! Area info: Orlando airport, Medical City (Lake Nona), beaches and the Theme Parks all within 30 to 45 minute drive
MlsNumber:	O6183765

Listing Provided By:	eXp Realty LLC, original listing
Name:	eXp Realty LLC
Phone:	(888) 883-8509
Office Name:	EXP REALTY LLC
Office Phone:	(888) 883-8509
Agent Name:	Dauwd Medan
Disclaimer:	Copyright Â© 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing