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34354 Magnolia Farms Road
Robertsdale, AL 36567
$999,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
4504
Property Description
RECENT PRICE ADJUSTMENT, BOOK YOUR SHOWING TODAY!!! This stunning estate in Magnolia Farms includes a 4,500 sq ft custom built brick house with 3-car garage, in-ground sparkling pool oasis and Rhino steel outbuilding with six horse stalls, all on a serene 6.9 acre setting, (must build on at least 5 acres in this community)! The homes location in the Clear Springs community is only 2 and 1/2 miles from the stateline, only 15 minutes from Navy Federal where you can easily access downtown Pensacola and the beautiful, white sandy beaches via the interstate. Upon arrival, you are greeted by a circular driveway, impressive landscaping, pecan trees and an idyllic front porch. The entry foyer presents a grand atmosphere with vaulted ceilings, Brazilian cherry hardwood flooring and custom crown molding, which is just the beginning of the many high-end finishes. Continuing into the chef's kitchen your inner culinary dreams will come alive with the open kitchen boasting an island and pantry. The cherry stained wooden cabinetry, granite countertops and adjoining breakfast nook will make food prep and entertaining a delight! The superb master suite features a double-sided fireplace connecting the bedroom and private sitting room. The en-suite bath has every feature you could desire with a jetted tub, travertine enclosed shower with a rain fixture, double vanities with a dressing table and his and her closets. Up the grand stairway you will find 2 guest rooms with a Jack and Jill bath and a sound insulated media room. Having three HVAC units, two water heaters, 6-inch thick foam insulation for energy efficiency, a built-in vacuum, built-in ironing board, intercom, home alarm system, and a new 2022 Generac generator, this home is well equipped with modern luxuries. This nature lovers paradise is perfect for horses, hosting poolside gatherings with the outdoor kitchen or just enjoying the privacy of the country!
Property Information
Lot Size
6 acre(s) square ft
Property Type
Residential
Year Built
--
MLS Number
358727
Location
Address
34354 Magnolia Farms Road
City
Robertsdale
State
AL
Zip Code
36567
County
BALDWIN
Listing
Provider
Levin Rinke Realty, original listing
Name
Levin Rinke Realty
Phone
(850) 910-0772
Office Name
Levin Rinke Realty
Office Phone
(850) 916-5050
Agent Name
Ansley Moore

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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.