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2774 River Creek Ln
Saint Cloud, FL 34771
$649,990
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2301
Property Description
Welcome to this Stunning 55+ Del Webb Sunbridge Home. The home boasts flow and functionality. Enjoy the open layout of the 3 bedroom/2.5 bathroom/office Stardom home design featuring 21x21 porcelain tile throughout the entire home. The expansive kitchen overlooks a spacious gathering room with a tray ceiling and covered lanai. The gourmet kitchen features built-in stainless-steel appliances, a large center island, an oversized corner walk-in pantry, 42” soft-close white cabinets with a stainless steel hood, a granite countertop, under cabinet lighting, a stunning glass tile backsplash, beautiful pendant lights, and a wine bar. The entertaining package includes a Kitchenaid wine cooler, a wine rack, and additional cabinets and counter space. Just off the gathering room is the owner’s suite featuring an ensuite bathroom, including a spacious tiled shower with a built-in shower bench, a dual sink vanity a private water closet, a linen closet, and a custom built-in master closet. On the opposite side of the gathering room are 2 more bedrooms and a full bathroom. In addition to the 3 bedrooms, the home features an office/flex room in the front of the home. Fully retractable pocket sliding glass doors lead to the covered lanai making indoor/outdoor entertaining effortless. Enjoy the sunset overlooking a pond and greenspace from your lanai. The oversized 3-car garage includes a charger for your EV. Enjoy the gorgeous 27,000 SF clubhouse with a state-of-the-art fitness center, fitness classes, a year-round heated resort pool and spa, a resistance pool, poolside hammocks, gas fire pits, an on-site tavern, and tennis and pickleball courts. Located in a 24-hour man-gated community just South of Lake Nona and near Lake Nona Medical City/Neo City, shopping, and restaurants. Quick and easy access to SR 417, SR 528.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2021
MLS Number
S5096156
Location
Address
2774 RIVER CREEK LN
City
SAINT CLOUD
State
FL
Zip Code
34771
County
OSCEOLA
Listing
Provider
Orlando Regional Realty, Inc., original listing
Name
Orlando Regional Realty, Inc.
Phone
(407) 408-5194
Office Name
ORLANDO REGIONAL REALTY
Office Phone
(407) 408-5194
Agent Name
Heike Knaus

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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.