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22152 O'brien Road
Howey In The Hills, FL 34737
$2,250,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2296
Property Description
ANYTHING IS POSSIBLE at this one-of-a-kind property! With a little over 10 ACRES (zoned A - Agricultural), this property can meet the needs of most any buyer! There are 2 parcels being sold all together here! A BEAUTIFUL home with many upgrades sits on one parcel. With almost 2300 square feet and DOUBLE MASTER BEDROOMS, one of which could act as an IN-LAW Suite with a separate entrance, this home is tucked away privately at the back of the first 5 acre parcel. With a NEW ROOF in 2023 as well as a HYBRID WATER HEATER (2023), no expense has been spared to keep this place in tip top condition. The floor plan is split with 2 bedrooms, a bathroom and an office on one side of the house, and the two master bedrooms on the other side of the house. The kitchen appliances are also top of the line with a convection mircrowave and double oven range. The drinking water is absolutely fabulous straight from the tap. The POOL/HOT-TUB was just resurfaced in 2023 and has solar panels to keep everything nice in comfortable, even in the winter! The BEAUTIFUL PAVER DECK adds elegance to the space. There are SURROUND SOUND SPEAKERS in both masters and in the living room. They are mounted flush in the ceiling. There is also a 288 square foot STORAGE SHED on this parcel along with a pump house that houses 2 out of the 3 WELLS on the property and a diesel pump. On the 2nd parcel (Address: 22146 O'Brien Rd. Howey-in-the-Hills, FL 34737, TAX ID: 14-21-25-0002-000-02300) there is SO MUCH TO OFFER!! There are two mobile homes on this parcel, one single-wide and one double-wide (New roof 2020) that have income producing potential. There is also a RED BARN with other 1500 sq feet and 3 bays and a 5 inch slab for heavy machinery. There is another warehouse that is about 3000 square feet. Within this warehouse, there is a 1/1 apartment with a kitchenette. At the front of this parcel is an adorable storefront from the days when the property had an active u-pick blueberry field. This storefront is around 700 square feet with an 8x8 walk-in refrigerator, 2 bathrooms (one for guests and one for staff) and a kitchen, complete with a microwave, range and under counter refrigerator. To the left of the building is the 3rd well for the property. This well is currently supplying water to the house and mobile homes and has impeccable water. As you pull in the front gate, you will see all the infrastructure for what was about 4.25 acres of blueberry and peach fields. Everything is still there and in working order if your dream is to be a farmer. The underground lines just need to be attached. The seller may be willing to sell some furnishings and/or equipment as well. Take a look at this UNIQUE property!! THE POSSIBILITIES ARE ENDLESS!
Property Information
Lot Size
10 acre(s) square ft
Property Type
Residential
Year Built
2004
MLS Number
G5079817
Location
Address
22152 O'BRIEN ROAD
City
HOWEY IN THE HILLS
State
FL
Zip Code
34737
County
LAKE (NORTH)
Listing
Provider
ERA Grizzard Real Estate, original listing
Name
ERA Grizzard Real Estate
Phone
(352) 504-0055
Office Name
ERA GRIZZARD REAL ESTATE
Office Phone
(352) 787-6966
Agent Name
Lindsay Sellars

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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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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.