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5303 Ithaca Lane
Sarasota, FL 34243
$599,999
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
2331
Property Description
Under contract-accepting backup offers. Step into the serenity of your dream home, nestled in a tranquil oasis that invites you to escape the hustle and bustle. This single-family gem boasts three bedrooms, two bathrooms, and a spacious 2331 square feet of living space. As you arrive, be captivated by the lush landscape surrounding the property, meticulously cared for with an automated irrigation system, creating a picturesque setting. The backyard, just under a quarter acre, offers a private retreat with a pool and spa, all framed by nature as the lot neighbors a peaceful preserve. Tucked away at the end of a quiet road, this residence exudes a sense of calm in a well-established neighborhood. Inside, the home unfolds with grandeur under cathedral ceilings, providing an open-concept living experience flooded with natural light through large windows in every room. Discover the thoughtful design, where the primary bedroom suite is strategically located on the opposite end, offering a haven of privacy. Recent upgrades showcase the home's commitment to excellence, with new laminate and bamboo wood floors adding a touch of modern elegance. The primary bathroom, updated in 2018, features porcelain flooring, new cabinets, and granite countertops. Imagine unwinding in the primary bathroom suite, indulging in the garden tub, a walk-in shower, and dual vanity cabinets—a luxurious retreat within your own abode, creating a spa-like atmosphere. The second bathroom underwent a similar transformation at the same time, ensuring both style and functionality for you and your guests. The heart of this home is undoubtedly the kitchen—a central hub adorned with ample cabinet space and a large walk-in pantry, ready to inspire culinary adventures. Plenty of room for cooking for large gatherings. Seating at the bar top counter space, additional room for a dining table in the break nook area, also the formal dining room for those special occasions. Beyond aesthetics, this residence offers practical updates, including a 2020 HVAC replacement for year-round comfort. The outdoor living space is enhanced with charming brick pavers on the screen enclosed pool patio, pavers were installed in 2018 alongside the fibertech recoating of the pool, combining aesthetics with durability. Situated in a neighborhood that effortlessly combines convenience and charm, you'll find yourself within 15 minutes of the SRQ airport, 10 minutes from the UTC Mall and Interstate 75, and a short 20-minute drive from Downtown Sarasota. For those seeking the sun and sand, the nation's #1 voted beaches are a mere 30 minutes away. Additionally, enjoy proximity to Palm-Aire Country Club and other golf courses near by as well. All this while benefiting from a very low $500 annual HOA fee and the absence of CDD fees—making it an ideal haven to raise a family or retire quietly. This is not just a house; it's an invitation to a lifestyle filled with comfort, elegance, and the joys of serene living. Ready to turn this vision into your reality? Let's Make Your Next Move Together!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1992
MLS Number
A4595470
Location
Address
5303 ITHACA LANE
City
SARASOTA
State
FL
Zip Code
34243
County
MANATEE (SOUTH)
Listing
Provider
Name
Compass
Phone
(551) 404-5204
Office Name
COMPASS FLORIDA LLC
Office Phone
(941) 265-7692
Agent Name
Paula McCabe

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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.

Free Foreclosure Listings

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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.