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3645 S Alabama Avenue
Homosassa, FL 34448
$239,000
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
1568
Property Description
Watch out! the STAMPEDE of people coming to see this one will come quick. Brand new home has just been installed on this beautiful lot located in the heart of the Nature Coast. Everything is brand new AND comes with manufacturer warranties. The house will be one that your family loves to be in. Inside you will find 4 bedrooms, 2 bathrooms and an open kitchen. An island in the middle will be a great place to have breakfast and finish homework. Outside you will find a plethora of fruit bearing trees that actually produce! A sweet smell of oranges will be hard to miss when you walk by the orange trees. Septic tank was just pumped and inspected. This one is ready to move in today. The properties all over this area have been remodeled and beautified. This brings added value to the area as a whole. This would make a great option for a family looking for lots of bedrooms and a beautiful yard. Survey and septic inspections are already paid for and available to the buyer ( $1,000 savings!). BRING YOUR TOYS. Centrally located, there is so much to do near by. This home is a short trip to shopping, medical, convenience stores, gas stations, services and some of the best restaurants in Central Florida. Near by is an abundance of Nature and outside activities- such as bicycling, kayaking, boating, fishing, hunting, hiking and trail riding. In addition to all of those outdoor activities there are multiple wildlife preserves, state parks and and plethora of wildlife to see. Citrus County is a fast growing and desirable area that will be a short drive to Orlando, Tampa, Clearwater, Gainesville and Ocala (the equestrian capital of the world). Don’t miss out on the best fishing in Central Florida and all of the natural resources close by!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2024
MLS Number
831898
Location
Address
3645 S Alabama Avenue
City
Homosassa
State
FL
Zip Code
34448
County
CITRUS
Listing
Provider
Tropic Shores Realty, original listing
Name
Tropic Shores Realty
Phone
(352) 684-7371
Office Name
Tropic Shores Realty
Office Phone
(352) 503-4780
Agent Name
Douglas Shumate

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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.