Home for Sale at 1079 MARION STREET, LAKE HELEN, FL 32744

1079 Marion Street
Lake Helen, FL 32744

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Property Details

List Price:	$999,000
Beds:	3
Baths:	1
Status:	Active
SqFt:	1380
Agency:	Charles Rutenberg Realty Orlando LLC

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1944
Notes:	Location? Location? Location ready to move into the vortex a once-in-a-lifetime opportunity for a spiritualist that loves all things magical. Live in the psychic capital of the world. Imagine two properties across the street from the famous Cassadaga hotel and spiritualist camp for a psychic and other beings of the light Doing the work. This is a dream come true and for someone in retirement work till you're 100 years old. If you'd like doing something you love A very lucrative hobby or put in an establishment next door and have your own psychic readers making a lucrative income for you. Well you live next door. The possibilities are endless two side-by-side lots with a nice cottage in the heart of Cassadaga across the street from the famous hotel are for sale and ready to be transformed into some magical business home abode. Whether it's a fixer, upper and a cottage or whatever you want are transformed into an ashram, the possibilities are endless. A rare opportunity team worse yourself in the mystical world of Cassadaga quaint international tourist destination. Simply put a sign in your front yard and naturally attract all hotel guests and visitors driving through also across the street from the only restaurant in town. If you're ready to make magic and make money and feel magic and your own magic, hurry uCassadaga hotelp and snag this immersive opportunity. It won't last long.
MlsNumber:	O6202985

Listing Provided By:	Charles Rutenberg Realty Orlando LLC, original listing
Name:	Charles Rutenberg Realty Orlando LLC
Phone:	(407) 622-2122
Office Name:	CHARLES RUTENBERG REALTY ORLANDO
Office Phone:	(407) 622-2122
Agent Name:	Dan Goodman
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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HUD Foreclosures

Foreclosure Listings Increasing