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513 Central Ridge Lane
Frostproof, FL 33843
$319,900
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1816
Property Description
Upon entering Central Ridge Estates to the property, your attention is immediately drawn to the charming path and the inviting lead glass front door. This almost three-year-old home boasts a thoughtfully designed split-bedroom floor plan, offering 3 bedrooms, 2 bathrooms and a bonus flex room upgraded with a double door entrance. The large great room features vaulted ceilings enhanced with 8’ a sliding glass door leading to the patio, all situated on a 75’ wide lot with no rear neighbors. The rear faces west, so you can take advantage of beautiful sunsets. The upgraded eat-in kitchen was upgraded to include bay windows, 42” soft-close cabinets, granite countertops, and top-of-the-line Samsung stainless steel appliances. The main living space is adorned with luxurious wood-look tile. There is a breakfast bar and a flex nook that can be used for crafts, desk, etc. Plenty of space to host family and friends. The primary bedroom impresses with a 8’ x 14’ walk-in closet, an additional window was added to the primary bedroom, and an en-suite bathroom features a double vanity, granite counters and a tiled walk-in shower with a built-in bench. An extra window has been added to the shower to enhance natural light. Additional features of this home include a laundry room, a charming front porch, double-pane low-E windows. The front exterior has upgraded carriage lights, irrigation system and flood lights in the rear exterior. The property is complete with a 2-car garage equipped with pull-down stairs to the attic. Frostproof is renowned for its exceptional fishing lakes, such as Lake Clinch and Reedy Lake, both boasting convenient boat ramps for easy access to outdoor activities in the area. Embrace the best of Frostproof's outdoor lifestyle in this meticulously upgraded home.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2021
MLS Number
S5097830
Location
Address
513 CENTRAL RIDGE LANE
City
FROSTPROOF
State
FL
Zip Code
33843
County
POLK (SOUTH)
Listing
Provider
Orlando Kissimmee Realty dba Keller Williams Realt, original listing
Name
Orlando Kissimmee Realty dba Keller Williams Realt
Phone
(407) 962-4242
Office Name
KELLER WILLIAMS REALTY AT THE LAKES
Office Phone
(407) 566-1800
Agent Name
Donna Ross

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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.