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10451 Sherman Street
Englewood, FL 34224
Tina Evans with PARADISE EXCLUSIVE INC, original listing - (941) 270-2102
$875,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
1320 Square Feet
Property Description
WATERFRONT BOATERS DREAM OASIS with direct access to our SW Florida Intracoastal Waterway from your backyard! NO BRIDGES while navigating this deep water canal. You are centrally located near STUMP PASS which flows into the Gulf. Many locals love spending the day anchored near Stump Pass and Ski Alley. Take a break from fun in the sun and fishing and grab a bite to eat or listen to live entertainment by boat at our local establishments such as the Lighthouse Grill, Rum Bay on Palm Island or the Tiki Bars and restaurants on Manasota Key which are all within 15 minutes of your backyard. Looking for an adventure? Boat South to Boca Grande, visit the various islands, venture out to Charlotte Harbor to participate in the infamous fishing destinations or cruise North to Venice and Sarasota. Don't own a boat, The Freedom Boat Club is walking distance from your property. Own a boat and don't want the hassle of storage or boat ramps? There is a 2022 electric hoist covered boat lift at the end of your extended driveway. Along the 90 foot new concrete seawall there is also a floating dock with an aluminum ladder perfect for launching a kayak After a day on the water fishing and boating, you can easily clean up the boat and flush out the motor with the direct water supply hook up by the 12,000 lb lift. AMAZING RENTAL OPPORTUNITY if you prefer to turn this adorable home into an INCOME PRODUCING PROPERTY. Currently, it is an AIRBNB and has had steady flow of income year round. TURNKEY! Available for immediate rental opportunities. Prefer to not rent and love this as your personal property? The AIRBNB may be cancelled prior to closing to accommodate the new owners preferred closing date The property is designed as a perfect relaxing getaway and entertainment space. Extra wide driveway, car port and extended driveway to the water for plenty of parking. The outdoor space is incredible with all the decks, covered areas, open lawn, balcony, pool bath building and saltwater pool. Lots of nooks for lounging and entertaining in the shade, sunshine, or in the downstairs pool bath (24' x 15') that can easily be set up as an inside bar with plenty of additional seating or storage. The entire backyard is enclosed by a new cable fence making it secure for children or pets. There are 2 sets of stairs for easy access to the main living quarters. All the stairs have mini solar lights for a nice evening ambiance. The stairs merge together at the top deck which is another convenient place to overlook the canal, grill dinner or view the spectacular sunsets. As you enter the home, you will be impressed with all the intricate details in the decor; slipknot aluminum cabinet handles, designer window treatments, exquisite designed shower tiles, shiplap accent wall with decorate electric fireplace, tall heavy duty interior doors, fashionable furniture & decor and IMPACT WINDOWS AND DOORS. Home was designed to meet hurricane standards. The kitchen has a large window where you might catch a glimpse of a passing manatee or jumping fish. Off the great room, walk out the sliders onto the front screen balcony facing west providing a cozy spot to end the day watching the beatiful SW Florida colorful skies. Call for a private tour today!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2021
MLS Number
--
Location
Address
10451 SHERMAN STREET
City
ENGLEWOOD
State
FL
Zip Code
34224
County
CHARLOTTE
Listing
Name
Phone
(941) 270-2102
Office Name
Office Phone
(941) 270-2102
Agent Name
Tina Evans
Agency Phone
(941) 270-2102

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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.