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35934 Gatch Road
Eustis, FL 32736
$1,899,999
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
4493
Property Description
Under contract-accepting backup offers. LAKE FRONT • 10+ACRES • BOAT DOCK • BREATHTAKING VIEWS • BEAUTIFUL 4 Bed 5 Bath Estate! Wow Factor All Around! From the very first time you drive onto this property you experience a unique sensation of awe, freedom, empowerment, and pride all swirled together as you survey the grand oaks with beautiful wind-swaying Spanish moss, the lush green pastures and the crystal clear spring-fed Clear Lake beckoning you to indulge in fishing, skiing, kayaking, canoeing, and all the joy that it brings. The private gated entrance leads you down the crape myrtle and golden rain tree lined path to the stately private residence. The house was built in 1976 and an impressive custom addition in 2005. **NEW ROOF 4/2024** The house boasts of 4493 square feet with 4 bedrooms, 3 full baths and 2 half baths; 16x18 great room with hardwood floors and 13’ ceilings, an elegant gas fireplace, and built-in bookcases; 14x33 owner’s suite with hardwood floors, custom closets, and a spacious en suite with large soak tub, separate shower and double vanity sinks; a second 16x17 owner’s suite; a gorgeous custom kitchen with granite counters, stainless steel appliances, double oven, breakfast bar, and an open floor plan to include 17x22 dining area and cozy wood burning river rock fireplace family room. Unwind and enjoy peaceful breezy days on the 10x39 screened lanai watching Florida wildlife and sunsets overlooking the spring fed lake. Entertain friends and family around the master-griller bbq-pit by the private lakeside white-sand beach. Grab your fishing gear, head down to the boat dock and spend your morning on 50 acre Clear Lake. If homesteading is your pleasure, spread out on the vast 10+acres with your cows, chickens, goats and gardening. Property has a chicken coop with enormous covered run and bunny coops; 24x10 garden shed/culinary well house; a large fenced garden and fruit trees. The possibilities are endless with this amazing property! 2022 30x50 insulated, 220 power, metal shop building with two 12x50 lean-tos with sides; Large cypress wood barn with 2 horse stalls, 50 amp service, water, and fenced paddock, recently raised rafters in barn to accommodate a Tiffin Allegro Bus RV; private boat dock & ramp; 2020 6 person hot tub; fully fenced property; 2020 Generac whole house generator and hook up; 2 wells; 2 septics; 3 a/c’s; 8x8 irrigation well house;14x12 bbq shed with brick floor and cedar plank serving bar; 16x28 lake shed with large service panel; 2022 16x40 partially finished cabin with potential for short term rental or guests; 16x45 RV cover; 1,000 gal propane tank recently filled. Located in a quiet rural area yet convenient to (2 mi) shopping, restaurants, (3 mi)schools, unique shops, dining and events of (8mi)Mt. Dora, and quick access to the 429 connector. Bedroom Closet Type: Walk-in Closet (Primary Bedroom).
Property Information
Lot Size
10 acre(s) square ft
Property Type
Residential
Year Built
1976
MLS Number
G5075648
Location
Address
35934 GATCH ROAD
City
EUSTIS
State
FL
Zip Code
32736
County
LAKE (NORTH)
Listing
Provider
Charles Rutenberg Realty Orlando LLC, original listing
Name
Charles Rutenberg Realty Orlando LLC
Phone
(407) 622-2122
Office Name
CHARLES RUTENBERG REALTY ORLANDO
Office Phone
(407) 622-2122
Agent Name
Darlene Miller

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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.