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11590 154th Ave
Cedar Key, FL 32625
$659,000
Conventional
Property
Bedroom
2
Bathroom
2
Property Type
Conventional
Square ft
1635
Property Description
Surround yourself with the spectacular view of Florida's Gulf of Mexico! This elevated island home makes the most of the gorgeous view of saltwater and the unspoiled natural landscape of the coast. With the continuous wall of windows and sliding doors, you will feel like you are soaring with the sea birds as you watch them fish and play all day. The open floor plan and vaulted ceiling is exceptionally roomy, and is perfect for entertaining friends and family. Open the glass doors and include the covered water front porch, too! The open kitchen boasts stainless appliances and Corian countertops...and a spectacular water view! The master suite provides plenty of room for dressing, a large walk-in closet, and a beautiful master bath, recently remodeled with new cabinetry, granite counters, dual sinks, and a tastefully tiled roomy shower--all behind a frosted glass wall. You need to see it! Separate from the master, the second bedroom provides two large closets, so you won't be short of storage space! A large laundry room with washer, dryer, chest freezer and dehumidifier is also lined with plenty of shelves if you need it. The hall bath, with its new vanity and glass and tiled shower, is placed carefully to be easily used by the second bedroom and as a "house bath" for guests. With a gas fireplace, a brand new cargo lift, and a downstairs shed, you should have everything you need to settle in right away. The oversized lot--right at the point of Boogie Ridge--lends itself to loads of quiet privacy. The private road ends just in front of this sweet homestead. Take a look at this wonderful home and its piece of well-preserved Florida landscape today! This could be the beginning of your life's new chapter!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1998
MLS Number
789939
Location
Address
11590 154th Ave
City
Cedar Key
State
FL
Zip Code
32625
County
LEVY
Listing
Provider
Cedar Key Realty, Inc., original listing
Name
Cedar Key Realty, Inc.
Phone
(352) 543-9899
Office Name
Cedar Key Realty, Inc.
Office Phone
(352) 543-9899
Agent Name
Vanessa Edmunds

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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.