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5108 Lobo Court
Orlando, FL 32819
$1,250,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3630
Property Description
Welcome to 5108 Lobo Court, a custom-built, pristine POOL home on a half acre lot in desirable Torey Pines. This home is the epitome of luxury living. Once you arrive, you’ll never want to leave this unparalleled retreat! Entering through the double glass doors, the grand foyer leads to the formal living area with custom shelving and accent lighting. Engineered hardwood flooring in a rich, brown tone extends throughout the home. The soaring ceilings and natural light make an impressive statement each time you welcome guests into your home. French doors to the backyard offer a beautiful view of the resort-style pool with screened enclosure. The spacious dining room allows for endless entertaining and a sophisticated first impression. Flanking the entryway is the office. With glass French doors for privacy, this space can also function as a playroom or den. The incredibly appointed kitchen is one of the many highlights of this property, boasting high-end stainless steel appliances, WOLF gas range, built-in WOLF conventional/convection oven and microwave, and a SUB-ZERO refrigerator. Custom wood cabinetry, marble countertops, and herringbone backsplash create a timeless and functional design. The inviting family room will be the heart of gatherings and cherished moments, A cozy fireplace serves as a focal point, surrounded by elegant open shelving. Sunlight streams in through French doors, inviting you to bask in the pool. Seamlessly connected to the kitchen and breakfast nook, this space is designed for effortless entertaining. From the spacious living areas to the serene bedrooms, every corner of this home exemplifies refined comfort and timeless style. The huge master wing is located on the left side of the property. The luxury of the master bedroom suite is unmatched. Towering ceilings elevate the space while French doors beckon you to the enchanting pool area, seamlessly blending indoor and outdoor living. Inside, a massive walk-in closet awaits, offering abundant storage space for your couture collections. The opulent bathroom is adorned with marble flooring, showcasing an oversized walk-in shower and tranquil soaking tub complimented by double vanities and a private water closet. On the opposite side of the home, three spacious bedrooms offer a unique blend of charm and functionality. A pocket door provides privacy, allowing for peaceful retreats from the bustling family room. Two bedrooms share the convenience of a Jack and Jill bathroom, featuring a double vanity and a relaxing tub/shower combination. In the third bedroom, a cheerful window seat invites you to savor peaceful moments while gazing upon the picturesque backyard. The second guest bathroom opens directly onto the lanai, offering easy access after a refreshing dip in the pool. The landscaping adds the finishing touch to this tropical paradise. The lush, manicured backyard includes persian lime, mango, and avocado fruit trees. The resort-style swimming pool was installed in 2015, including the paver decking, water features, planters, and LED lighting. It’s a breeze to control your heated pool right from your phone. The lanai is also prewired & plumbed for a summer kitchen. The three car garage includes a GE fast freeze upright freezer, ceiling storage racks, and epoxy coated flooring.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1990
MLS Number
O6194171
Location
Address
5108 LOBO COURT
City
ORLANDO
State
FL
Zip Code
32819
County
ORANGE (ORLANDO)
Listing
Provider
Florida One Real Estate LLC, original listing
Name
Florida One Real Estate LLC
Phone
(407) 599-7070
Office Name
FLORIDA ONE REAL ESTATE LLC
Office Phone
(407) 599-7070
Agent Name
Caroline Van Den Berg

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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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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.