Home for Sale at 1064 N TAMIAMI TRAIL, SARASOTA, FL 34236

1064 N Tamiami Trail
Sarasota, FL 34236

« Prev

Property Details

List Price:	$649,000
Beds:	3
Baths:	2
Status:	Pending
SqFt:	1706
Agency:	FINE Properties

Map Details Show Map | Show StreetView

Warning: Invalid argument supplied for foreach() in /var/www/hudex/templates/importanthomescyphersvideo/html/com_propertylist/details/default.php on line 469

Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	2007
Notes:	One or more photo(s) has been virtually staged. PRICE REDUCTION! Come check out your new home today! This is one of the largest and spacious condo in Broadway Promenade. Unique second entry that leads directly to the outside sidewalk across the street from the city's newest Bay Park. The surrounding area boasts easy access to all area beaches, a variety of shops and entertainment. <br /> Significant and tasteful upgrades include renovated kitchen with new cabinets, hardware, and granite counters. Stainless steel appliances. Laundry room with washer and dryer. New sinks, counters, toilets, and hardware in both bathrooms; New floor to ceiling tile in shower in owner's suite bathroom and tub surround in small bathroom; Frameless glass doors. New porcelain 12"x18" tile floors in all but 2 rooms with new molding throughout. Fully enclosed balcony with PGT Hurricane glass and electric blinds. Track lighting and fans in each room with dimmers and sensor switches. New hot water heater and programmable thermostat Unit totally repainted in last 2 years.<br /> Community features of the building include 24hr concierge; spacious community reception area, heated pool, spa and grilling area. The Association offers guest suites, fitness center, billiards room, a fully stocked library. There is an active social committee with lots of activities and events for residents. Don't miss out on this opportunity to own a one-of-a-kind unit in this highly desirable downtown location. Some photos have been virtually staged.
MlsNumber:	A4570698

Listing Provided By:	FINE Properties, original listing
Name:	FINE Properties
Phone:	(941) 782-0000
Office Name:	FINE PROPERTIES
Office Phone:	(941) 782-0000
Agent Name:	Diana Hill
Disclaimer:	Copyright Â© 2024 Sarasota Association of Realtors Â®. 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.

HudExchange.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

HudExchange.com is an Equal Housing Opportunity

- Pat. 7,813,958 - Pat. 7,958,007 - Pat. 8,046,258 - Pat. 8,073,737 - Pat. 8,190,476 - Pat. 8,195,514
- Pat. 8,306,856 - Pat. 8,412,576 - Pat. 8,510,165 - Pat. 8,825,527 -

Property Details

Map Details Show Map | Show StreetView

Description/Comments

USHUD.com on the Go!

HUD Foreclosures

Foreclosure Listings Increasing