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1270 Thoreau Circle
Venice, FL 34292
$1,095,000
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
2403
Property Description
BACK ON MARKET - Due to financing/NOT appraisal. One of a kind, 3-acre horse property located in the heart of Venice that will blow you away. Feel the cares subside gliding down the palm bordered drive to the private compound accentuated by grand oaks. Notice the immaculate landscape and hardscape that really sets this home apart from average. The uniqueness of the property is evidenced the minute you see the timbered pergola providing the perfect place for entertaining family and friends. Relax watching the game, laugh at the “kids” singing Karaoke or just feel the serenity of the evening in the country yet just minutes from everything including the beach. Entering the home, appreciate the open floorplan where your entertaining can continue as guests mingle from the dining room to the kitchen and two separate living areas. When the chill of February hits, appreciate the corner stone wood burning fireplace. The kitchen is designed with the chef in mind. New cabinetry with more than enough room for any cook’s tools. The stainless-steel appliances feature a double oven, farmhouse sink and extraordinary granite which make cooking a breeze. A separate “formal” dining room can make those holiday meals a joy with enough room for everyone to sit at the adult table. The main suite features a full spa-like bathroom with designer tile and dual sinks. Another unique feature is that the main bathroom opens to the home’s mechanical room and provides a very convenient location for the laundry. Two bedrooms are split from the main suite and allow privacy for family or guests. There is a fourth bedroom that is convenient for use as an office or playroom. The yard and grounds are the showstopper for this home. In addition to the main pergola additional seating and entertaining areas are by the front door. A third pergola allows for more private intimate meetings. Of course, there is a fire pit, stable, butterfly screened garden, chicken coops, stable, and utility shed. Relax in the fully remodeled salt-water pool. The 3-car garage provides ample room for toys, cars, workshop or even an office. Speaking of toys, park the boat or RV, there’s plenty of room. Venice Acres is a couple of minutes from the Jacaranda circle with its shopping areas and minutes from I-75. The home is 15 minutes from Venice Beach, 10 minutes from downtown and the Island of Venice with its unique shops and restaurants and 9 minutes to the new Sarasota Memorial Hospital in Venice.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
1978
MLS Number
A4582710
Location
Address
1270 THOREAU CIRCLE
City
VENICE
State
FL
Zip Code
34292
County
SARASOTA (COUNTY)
Listing
Provider
Keller Williams on the Water Sarasota, original listing
Name
Keller Williams on the Water Sarasota
Phone
(941) 803-7522
Office Name
KELLER WILLIAMS ON THE WATER S
Office Phone
(941) 803-7522
Agent Name
Mark Midyett

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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.