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1693 Foss Avenue
Orlando, FL 32814
$3,250,000
Conventional
Property
Bedroom
5
Bathroom
7
Property Type
Conventional
Square ft
5288
Property Description
MAJOR PRICE REDUCTION! REDUCED TO $3,250,000. Come see one of the currrent BEST-PRICED Luxury Homes in Baldwin Park! This stunning Mediterranean-Custom Classic Home is located on one of the community’s largest lots and provides breathtaking sunrise water views. This meticulously maintained 5 Bedroom, 5 Full Bath/2 Half Bath masterpiece features 5288 heated SqFt of luxurious living space, an oversized 4 car garage, and is located on one of the quietest and most desirable streets in the neighborhood. Upon arrival, you will note this home's stately curb appeal. Upon entering, you’ll see features such as 12’ ceilings, radius windows, beautifully detailed moldings and custom window treatments complement the home’s interior. You are greeted by an inviting foyer, leading into a private office, perfect for working from home. Across the hall is a first floor guestroom that will allow visiting family members their own private sanctuary. The over-sized living room, sitting at the epi-center of this modern and functional floorplan, gives you direct access to the kitchen, as well as gorgeous views overlooking the amazing porch, pool, and entertaining area. It even features its own fireplace for cool Florida evenings. The expansive, gourmet kitchen boasts a unique double-Island concept that creates the ideal entertaining venue, while featuring high-end Monogram appliances, high-quality cabinetry, custom pendant lighting, granite counter-tops, a custom backsplash, as well as an eat-in breakfast area! This open, spacious floorplan also has a first-floor game-room/den/flex-space with access through French doors to an open-air courtyard. The large, first-floor primary retreat offers fantastic views of the preserve, pool, and entertainment areas. Upstairs, there is an oversized loft space with sink, fridge and bar area for upstairs entertaining. There are three additional, nicely sized bedrooms and three full baths. The second story balcony overlooks Mid Lakes Park and has breathtaking sunrise views. Outside, you will find your entertaining paradise. It truly epitomizes Florida living! From the custom-built pool and spa, to its covered rear porch, lanai, and full summer kitchen, the backyard is what dreams are made of! The four-car tandem garage gives you tons of extra storage space and is wired with two electric car charging outlets. The home has been meticulously maintained, with both AC units being replaced in June 2023 and April 2024, respectively. Conveniently located, you are mere steps from the heart of Baldwin Park’s Town Center, shops, and restaurants, as well a neighborhood Publix. Zoned for Top-Rated Baldwin Park Elementary, Glenridge Middle, and Winter Park High Schools. Baldwin Park’s amenities are second to none, boasting multiple parks, gyms, playgrounds, pools, a walking trail around Lake Baldwin, and easy access to the Cady Way Trail. You are about a half hour drive from the Orlando International Airport, Universal Studios, and Walt Disney World. You are only an hour from some of Florida’s Finest Beaches! An Absolute Do-Not-Miss-Must-See!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2015
MLS Number
O6200120
Location
Address
1693 FOSS AVENUE
City
ORLANDO
State
FL
Zip Code
32814
County
ORANGE (ORLANDO)
Listing
Provider
Watson Realty Corp, original listing
Name
Watson Realty Corp
Phone
(407) 298-8800
Office Name
WATSON REALTY CORP
Office Phone
(407) 298-8800
Agent Name
Jay Kendall

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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.