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25722 Bass Road
Astor, FL 32102
$730,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1215
Property Description
Discover the epitome of waterfront living in this exquisite 3-bedroom, 2-bathroom sanctuary nestled on the St. Johns River. This recently renovated home boasts captivating vistas of the river and a serene canal, offering an unparalleled retreat. Step into a backyard paradise where the St. Johns River meets a tranquil canal. Revel in unobstructed views of the river, with a state-protected area across ensuring a timeless natural backdrop. Your private boat slip invites you to indulge in fishing, bask on the designated beach area, or simply immerse yourself in the picturesque surroundings. A second boat slip on the canal, ready for renovation, adds to the allure, promising more waterborne adventures. Inside, discover a recently upgraded haven designed for comfort and style. A renovated kitchen adorned with granite countertops, stainless steel appliances, and engineered hardwood flooring exudes modern charm. From lighting to wood trim, every detail has been meticulously crafted. Mature landscaping shades the backyard, creating a cool respite during summer, while leaving ample space for outdoor activities. This property is a rare gem, offering the option to participate in a short-term-rental program, presenting a lucrative opportunity for the discerning investor. Access to several nearby springs and natural attractions like Lake Dexter, Lake Woodruff National Wildlife Refuge, and Lake George State Forest ensures a wealth of recreational possibilities—from fishing and bird watching to hiking and camping. Please note, showings are available when the property is not rented, and existing bookings can be seamlessly transferred to the new owner if desired. This exceptional waterfront haven embodies a unique blend of modern comfort, breathtaking vistas, and endless possibilities for both leisure and investment—a rare find offering an unparalleled lifestyle on the coveted St. Johns River.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1979
MLS Number
O6130065
Location
Address
25722 BASS ROAD
City
ASTOR
State
FL
Zip Code
32102
County
LAKE (NORTH)
Listing
Provider
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
Iordanka Karaivanova

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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.

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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.