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609 Balibay Road
Apollo Beach, FL 33572
$2,300,000
Conventional
Property
Bedroom
6
Bathroom
5
Property Type
Conventional
Square ft
4254
Property Description
Under contract-accepting backup offers. Absolutely pristine 6BR/4.5BA pool home, canal waterfront property located in the highly desirable gated community of Mirabay. Absolutely move-in ready. Upon entry through the brand new in 2023 hurricane rated double front doors, you will find a stunning view towards the pool and canal waterfront! Wood flooring greets you and runs through the home. Entering you will be greeted with the formal Living Room with a beautiful architectural ceiling and triple sliders guiding you out back towards the lanai. To your immediate left is the office with an abundance of cabinet space and built-in desk. Moving towards the left hall, you will find two bedrooms. One of the bedrooms you will view includes an En Suite bath as well as a walk in closet, perfect for a multi-generation or in-law suite. The right side of the home features the formal Dining Room which leads into the gorgeous Kitchen. Featuring double islands, quartz counters, a walk-in pantry with wood shelves, soft close cabinets and drawers, reverse osmosis at the kitchen sink, and wet bar with beverage fridge between the Kitchen and Dining room, this room has it all! Boasting under cabinet lighting, fold-away water faucet over the convection oven, additional storage for small appliances, Café stainless gas convection double oven, Café stainless refrigerator, farmhouse sink, and beautiful herringbone tiled backsplash, this Kitchen will be the center of all get-togethers. Off the Kitchen is the Great Room, perfect for entertaining with surround sound, and french doors and a half bath leading to the lanai. Moving up the stairs, immediately to your left is the grand Primary Bedroom complete with a huge balcony overlooking the pool and canal out back and full En Suite bath. The En Suite is an oasis featuring a walk-in closet with built-ins, huge walk-in shower with 2 stationary shower heads and 2 hand-held shower heads, stand alone bathtub, dual-sink vanities with backlit smart mirrors, under cabinet lighting, and additional cabinetry. Further down the hall, there are 3 bedrooms. In between two of the bedrooms features a stunning Jack and Jill bathroom. Making your way toward the end of the hallway upstairs you will be greeted with the 4 bedroom as well as another full bathroom and the second laundry room. Out back will become your sanctuary with a fully screened lanai, built-in outdoor gas grill, outdoor kitchen with sink and mini-fridge, fully pavered pool deck, and heated salt-water pool and spa with sun shelf and pool lights controlled via remote. There is also a wood dock with electric and water supply for access to the canal. Multiple upgrades throughout the home to name a few include hurricane rated windows, 7" crown molding as well as 7" baseboards, 5" plantation shutters, water softener in garage, and sealed garage floors for both garages. BOTH laundry rooms (upstairs and downstairs) include a wash sink and cabinets for storage. If you are looking for an active community Mirabay is waiting for you! Mirabay is the place to be with the resort style community pool, fitness center, tennis club, pickleball club, mariners club, anglers club, basketball courts and so much more. See for yourself why you want to live here and contact me today.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2020
MLS Number
T3499448
Location
Address
609 BALIBAY ROAD
City
APOLLO BEACH
State
FL
Zip Code
33572
County
HILLSBOROUGH (SOUTHEAST)
Listing
Provider
Coldwell Banker Residential Real Estate, original listing
Name
Coldwell Banker Residential Real Estate
Phone
(813) 685-7755
Office Name
COLDWELL BANKER REALTY
Office Phone
(813) 685-7755
Agent Name
Carol Romeo

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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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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.