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Lot 2 River Annex Rd
Cantonment, FL 32533
$134,120
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
--
Property Description
Discover Tranquility in Cantonment, FL – 4.79 Acres Near Perdido River Awaiting Your Vision! Escape the hustle and bustle to find your rural retreat in the scenic Northwest Florida Panhandle. Only 2 miles from public access to the Perdido River, nature beckons with the opportunity to launch your canoe or kayak from The Pipes Landing or rent one from the Adventures Perdido River. This property is peacefully situated on River Annex Rd on the outskirts of Cantonment in Escambia County. You won't find a better blank canvas for your private residence, family ranch, or cozy farm. The generous 438 feet of road frontage not only offers the potential for a grand entrance but also ensures convenient accessibility. With additional acreage available for purchase, you can create your sprawling estate where horses can graze, and the charm of rural living unfolds. Rest easy with Florida Power and Light and Farm Hill Water providing power and water to the property. Two water meters discreetly positioned behind the lots ensure that utility access is seamless. Offering flexibility in how you choose to make this rural retreat your own, build your custom home, or place your mobile home amongst the serenity of gently rolling pastures and shade trees. Experience the easy pace of life and natural beauty of the Northwest Florida Panhandle. Don't miss this chance to secure your slice of rural paradise. Act Now: The opportunity to claim this rural retreat is now within reach. Act quickly and make an offer!
Property Information
Lot Size
4 acre(s) square ft
Property Type
Lots And Land
Year Built
--
MLS Number
639797
Location
Address
Lot 2 River Annex Rd
City
Cantonment
State
FL
Zip Code
32533
County
ESCAMBIA (NORTH)
Listing
Provider
PHD Realty LLC, original listing
Name
PHD Realty LLC
Phone
(251) 294-2057
Office Name
PHD Real Estate, LLC
Office Phone
(251) 368-1063
Agent Name
Patty Helton Davis

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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.

Free Foreclosure Listings

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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.