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17131 Se 173rd Terrace Road
Weirsdale, FL 32195
$699,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2634
Property Description
One or more photo(s) has been virtually staged. Here is your second shot at this gorgeous Mini farm seeking new owners in the beautiful equestrian community of Countryside Lakes, located in the heart of Weirsdale! Home was previously under contract however buyer was not able to sell their home, so this is your opportunity! This hidden gem offers over 8 acres of serene, fully fenced oak-dotted landscape ready for your horses to gallop and thrive. In the expansive ranch style home, enjoy 2,634 sqft of open living area, 3 bedrooms, 2.5 bathrooms plus an enormous bonus room that can be easily utilized as a home gym, office, or additional guest entertainment space. Upon entry, an abundance of natural light flooding through the large windows creates an airy atmosphere as you make your way into the tiled foyer. In the corridor your immediate left, find two bedrooms with tile and LVP flooring, and the guest bathroom featuring a shower/tub combo. To your right, enter the heart of the home…the gourmet kitchen fit for a chef! Just beyond the breakfast nook, gorgeous Kitchen-Aid stainless steel appliances await, along with solid wood cabinetry adorned with granite countertops, and ample storage. Open to the adjacent dining and living space, entertaining is a breeze, and you are sure to never miss out on conversation with friends and family! Additional features to love in this area includes a dual sided gas fireplace, providing an opportunity for intimate gatherings during the winter months. The spacious owner’s suite invites you to relax a while, centered with a fireplace and complete with “his and hers” walk-in closets, dual vanities in the spa-like bathroom, soaker tub, glass encased walk-in shower and pocket door for privacy. Across the hall and opposite of the indoor laundry room, find the bonus room with half bath and exterior access through glass paneled French doors – making this ideal for a secondary entertainment space, hobby room or guest suite. Once back in the great room, step through oversized sliding glass doors onto the tiled and screened in porch which overlooks the rolling paddocks and spring fed pond at the rear of the property. Just steps away from the porch, a private oasis awaits… a sparkling pool with additional landscape offers a retreat from the Florida heat after a long day. The sound of delighted whinnies is sure to come from your equine friends as they enjoy access to two paddocks behind the home, complete with a feeding station, round pen, and four stable horse barn with tack/wash area. The rear paddock is fenced into the spring fed pond offering a sip of water or spot to cool off for horses and cattle, also accessible for kayaks and john boats. Additional features to note about this property include a 16 x 20 utility shed with a loft/overhead storage, carport for vehicles or equipment, and concrete slab to park your RV, boat, etc.! The roof is original and will be replaced prior to closing, allowing the buyer to select shingle color. HVAC fully replaced 2023, meter main panel replaced 2023. Property is conveniently located roughly 20 minutes away from Lady Lake, The Villages, and Summerfield - encompassing all your dining, shopping, medical, entertainment and recreational needs while still maintaining a rural lifestyle. Florida living is calling!
Property Information
Lot Size
8 acre(s) square ft
Property Type
Residential
Year Built
2004
MLS Number
OM660837
Location
Address
17131 SE 173RD TERRACE ROAD
City
WEIRSDALE
State
FL
Zip Code
32195
County
MARION (SOUTH)
Listing
Provider
Name
Compass
Phone
(551) 404-5204
Office Name
COMPASS FLORIDA, LLC
Office Phone
(305) 851-2820
Agent Name
Clayton Wagner

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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.