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11201 Nw 17th Court Road
Ocala, FL 34475
$639,900
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
2427
Property Description
Under contract-accepting backup offers. Summit Downs Stunner: Spacious 4-Bedroom Haven with Curb Appeal, Expansive Yard, and Ultimate Garage Workshop + Office Combo! This beautiful home on 1.20 acres has so many extras! With 4 bedrooms, 2 full baths, 2 half baths, an attached 2-car garage, a 2022 detached 2-car garage/workshop with finished office, and lovely outdoor surroundings, this property has it all. First, the property’s concrete drive and walkway lead you past the landscaped exterior and through the sophisticated front entry. Inside, you will notice the vaulted ceiling, stylish wood-look ceramic flooring, and architectural details throughout the main living area. The welcoming living room features sliding glass doors to the screened lanai, while to your right is the formal dining room. To your left, the fourth bedroom currently serves as an elegant home office. Next, the spacious kitchen boasts plentiful storage, an island with built-in glass cutting board, and an eat-in bar. Open to the kitchen are a breakfast nook and family room with direct access to the lanai, making this an enviable space for entertaining. The screened lanai, with its own half bath and overlooking the expansive, fenced back yard and exquisite neighboring horse farms beyond, is roomy enough for multiple seating areas, where you can enjoy your morning coffee in a peaceful setting or a leisurely dinner with friends. And—the property has been pre-wired for a pool! The home also features a desirable split bedroom design. The generous master bedroom offers a walk-in closet along with a standard closet, direct lanai access, and a large en suite bath with two vanities in rich wood finish, jet tub, walk-in shower with decorative tile accents and glass surround, linen closet, and water closet. The second and third bedrooms boast plenty of natural light and roomy closets. They share a full bath with tub/shower combo and a large vanity. Just off the kitchen is a convenient laundry room with cabinetry, storage closet, and access to the attached 2-car garage. Only a few steps from the house, the detached 24’ x 48’ 2-car garage features a mini-split HVAC system, built-in cabinetry, and a finished office, complete with a half bath, large closet, and separate entry. The home’s updates include: a new water heater, new roof (2 years), and A/C (3 years). Located NW of Ocala and situated in Summit Downs, a quiet residential subdivision tucked within the elite equestrian community of Ocala Downs, this property is only a short drive from the shopping, restaurants, cultural events, and other amenities of Ocala and Gainesville, along with the area’s nature preserves, outdoor trails, Orange Lake, and much more.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2000
MLS Number
OM669729
Location
Address
11201 NW 17TH COURT ROAD
City
OCALA
State
FL
Zip Code
34475
County
MARION (NORTH)
Listing
Provider
Homes to Ranches Realty Inc, original listing
Name
Homes to Ranches Realty Inc
Phone
(352) 266-6180
Office Name
HOMES TO RANCHES REALTY INC
Office Phone
(352) 732-3276
Agent Name
Gregory Lord

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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.