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4429 Country Road
Melbourne, FL 32934
$1,425,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2762
Property Description
What an amazing property and opportunity, located in a safe and secluded area! This beautiful brick home is located on almost three (3) acres of land and offers so many opportunities. The best country side is living in the calm of a well-dispersed neighborhood. Yet, you are in Melbourne, one of the best places to live in Florida, according to many magazines. The property is accessible through a majestic gate. It traces you, guiding you along a natural path to home. What beautiful and natural landscaping! All filled with majestic oak trees and an overabundance of huge bamboo trees, providing that calming sound as they follow the wind blowing and caressing their tops. Stopping to admire the beautiful stock pond in front of the property is inevitable, as it features docks on both sides and access to a small island in the middle. This stock pond was designed in range-land settings to serve as a water source for livestock. Enhancing existing stock ponds can result in improved water quality for livestock and the creation of wildlife habitat. There are ten (10) staghorn fern plants located in selected places around the home that are part of this property. The home boasts three bedrooms and three bathrooms with a high cathedral ceiling. The subterranean entrance provides a sense of grandiosity with its ample foyer and living room. The home is very well organized on a split plan, with the master bedroom on the right. This master bedroom also provides access to a Florida Key West office room that overlooks the nice wooded area, pool, and back of the home. The second and third bedrooms are located at the opposite end, with a bathroom that also serves as access to the pool. This screened-back porch is an ideal area to entertain and barbecue, with pavers all around the area. There is a transferable termite bond. The property has two septic tanks that underwent maintenance and pumping three months ago. Outside, there is a one-fourth-of-an-acre fenced-in area for dogs or other animals. A welcoming, extra-sized family room with a wood-burning fireplace conveys a sense of gathering and family atmosphere. The current owner has been making improvements to the property, with plans to finish some soon. The kitchen is ample and welcoming. It incorporates a granite countertop and real wood cabinets. There are two air conditioning units in the home. One small unit for the master bedroom and a larger unit for the rest of the home. The home has an oversized two-car garage, which also incorporates a half bathroom to "clean up" before accessing the home. The home offers hurricane shutters around the dwelling. This home can be ideal for many projects. The current proud owner runs his construction accessory business from here. Most of the equipment resides in a second detached garage. This second garage with matching brick construction has potential living quarters. This 1,000-square-foot building can also accommodate an office, boasting two levels with a moving library-type ladder. This second building has water available as well. A must see for those wanting privacy, nature, and space!
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
1989
MLS Number
O6187180
Location
Address
4429 COUNTRY ROAD
City
MELBOURNE
State
FL
Zip Code
32934
County
BREVARD (SOUTH)
Listing
Provider
LoKation Real Estate, original listing
Name
LoKation Real Estate
Phone
(954) 545-5583
Office Name
LOKATION
Office Phone
(954) 545-5583
Agent Name
Manny Alvarez

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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.