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55 Edgewater Drive
Dunedin, FL 34698
$1,900,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2132
Property Description
Rare Dunedin waterfront beauty! This unique three story move-in ready home must be seen to believe. The first floor boasts crown molding and 18-inch ceramic tile throughout. The sizable living room has views of the water and a wood burning fireplace. Also on the first floor is a den/office/bedroom with French door entry. The kitchen boasts beautiful granite counters, stainless steel appliances and white solid wood cabinetry with glass doors. Off the kitchen is a large indoor laundry room with its own access to the driveway/garage. Climbing the hardwood stairs to the second floor you will find two very large guest bedrooms and the full guest bath with dual vanity. Also on the second floor is the main bedroom with large walk-in closet, en-suite bathroom and garden tub. All the flooring on the second floor living areas is beautiful hardwood. We're not done yet as you can climb the stairs once more to reach all the bonus space that awaits on the third floor. The third floor offers over 400 square feet of heated and cooled flex space not included in the public records. This brings your total living area to about 2600 square feet. The third floor could be used for office space, media room, or additional bedrooms. There are so many possibilities! Other great features of this home include but not limited to: 6-inch base moldings, wood shutters on living room and den windows, ceiling fans throughout, dual door rear entry, brand new 50-gallon water heater, AC 10 years old, roof only 6 years old, new hurricane grade windows on third floor dormers, security system hardwired to emergency services, large backyard, automatic sprinkler system, and a full-size two-car detached garage. This home is literally just steps to the water, not to mention you're just a quick jaunt to the Dunedin marina, Downtown and the Pinellas Bike Trail. Properties like this are rare and do not become available often. Schedule your private showing
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1995
MLS Number
U8220666
Location
Address
55 EDGEWATER DRIVE
City
DUNEDIN
State
FL
Zip Code
34698
County
PINELLAS (NORTH)
Listing
Provider
Luxury & Beach Realty, Inc., original listing
Name
Luxury & Beach Realty, Inc.
Phone
(727) 800-5906
Office Name
LUXURY & BEACH REALTY INC
Office Phone
(727) 800-5906
Agent Name
Michael Giarratano

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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.