Home for Sale at 95282 SUMMERWOODS Circle, Fernandina Beach, FL 32034

95282 Summerwoods Circle
Fernandina Beach, FL 32034

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Property Details

List Price:	$750,000
Beds:	3
Baths:	3
Status:	Pending
SqFt:	2065
Agency:	Keller Williams Realty, Atlantic Partners

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	2017
Notes:	Located on the south end of Amelia Island, this 3 bedroom, 3 bathroom home is located in one of the newest buildings in Summerwoods. Built in 2017 and meticulously maintained by the current owner, this home is the epitome of serenity and a sanctuary from the busyness of life. Upon entry from the garage or front door, you have a choice of the stairs or taking the lift! Once upstairs, you have a choice of gathering spaces within the open floor plan filled with natural light. The kitchen offers counter seating at the island and an adjacent dining area. The stainless appliances, granite countertops, walk-in pantry, soft close drawers, 10 feet ceilings and storage closets on both levels are details to appreciate. The primary bedroom with ensuite bathroom and walk-in closet is located at the rear of the home with access to the screen porch. The tray ceiling, tile floors, plantation shutters and ceiling fan create an inviting ambience. The bedroom at the front of the home also has an ensuite bathroom and walk-in closet with access to a private balcony. Guest parking is adjacent to this building and the community pool is just around the bend. The Atlantic Ocean and beautiful beach is just minutes away using the dedicated scenic and shaded path. This is one home you will want to see in person to appreciate the tranquility it offers.
MlsNumber:	2020659

Listing Provided By:	Keller Williams Realty, Atlantic Partners, original listing
Name:	Keller Williams Realty, Atlantic Partners
Phone:	(904) 247-0059
Office Name:	KELLER WILLIAMS REALTY ATLANTIC PARTNERS
Office Phone:	(904) 261-9800
Agent Name:	KRISTEN COWLING
Disclaimer:	Copyright Â© 2024 Northeast Florida Multiple Listing Service, Inc. 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