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113 Los Cedros Drive
Anna Maria, FL 34216
$2,900,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2350
Property Description
Escape to the tropical paradise of Coco Cottage, a charming and spacious 3-bedroom, 3-bathroom retreat with a bonus room, tucked away in the heart of the picturesque Anna Maria Island. As soon as you walk through the front door, you are greeted by beautifully decorated open floor plan with light and bright atmosphere, high ceilings and gorgeous exposed beams. The Chef’s kitchen has custom kitchen cabinets, Cesar stone Quartz countertops, Subzero refrigerator, Miele Kitchen appliances and a built-in wine refrigerator. There is ¾" wood maple flooring throughout, apart from the primary bedroom which has high end wool carpet. The main living level has the primary bedroom with direct access to rear balcony, 2 large walk-in closets, and ensuite bathroom with soaking tub and walk-in shower. Also another bedroom with direct access to front lanai, and ensuite bathroom with walk-in shower and the third queen bedroom and a shared hall bathroom. The top level has a bonus room with a queen bed and there is a loft area with a cozy window seat under the skylight and desk area! You will be amazed by the spacious pool area; relax in the heated saltwater pool or launch your Kayak off the dock into the lagoon. Relax and unwind in style on the screened second-floor lanai in the front of the house, where you can sip your morning coffee as you breathe in the fresh island air. At the back, an open second-floor deck awaits, perfect for soaking up the sun or stargazing at night. This home was designed by and remodeled by an Architect/Structural Engineer and an Interior Designer - they left nothing out: Standing Seam metal roof, impact resistant windows, sliding glass doors and skylights, Concord elevator, large screen room below house and open deck with retractable awning facing west. The location of this house could not be better, 4 minute walk to the Gulf of Mexico beaches or stroll down the street to Pine Ave where you will find many shops and places to eat! Schedule your showing today!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1989
MLS Number
A4609180
Location
Address
113 LOS CEDROS DRIVE
City
ANNA MARIA
State
FL
Zip Code
34216
County
MANATEE (SOUTH)
Listing
Provider
Sato Real Estate, Inc., original listing
Name
Sato Real Estate, Inc.
Phone
(941) 778-7200
Office Name
SATO REAL ESTATE INC.
Office Phone
(941) 778-7200
Agent Name
Jason Sato

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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.