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1950 Elks Path Lane
Green Cove Springs, FL 32043
$700,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
3327
Property Description
As you step through the grand entrance, the foyer welcomes you with its soaring ceilings and exquisite architectural details, setting the tone for the opulence that lies within. Sunlight dances through the expansive windows, illuminating the elegant wood look tile floors and designer touches that adorn every corner. The heart of the home, the chef's gourmet kitchen, beckons with its gleaming countertops, custom cabinetry, and top-of-the-line appliances, inviting culinary exploration and culinary mastery. A center island offers additional prep space and seating, perfect for casual dining or lively conversation while preparing meals. The open concept living area flows effortlessly from the kitchen, creating a seamless transition between cooking, dining, and lounging spaces. A separate dining space offers warmth and ambiance to formal gatherings with family and friends. Retreat to the sumptuous master suite, where luxury knows no bounds. An added bay window offers a private sitting area which creates an oasis of comfort and relaxation. The ensuite bath is a spa-like haven, featuring dual vanities, a soaking tub, and a walk-in shower, providing a sanctuary for rest and rejuvenation. Upstairs, the bonus room offers endless possibilities for entertainment and recreation, whether it's a home theater, game room, or home office. Additional bedrooms and baths provide ample space for guests or growing families, ensuring everyone has their own private retreat. Outside, the lush landscaping and manicured lawn provide a picturesque backdrop for outdoor enjoyment. You're greeted by an extended lanai, providing ample space for gatherings and relaxation under the comfort of a screen enclosure. Whether it's a sunny afternoon barbecue or a cozy evening around the firepit, this outdoor oasis offers the perfect setting for every occasion. The outdoor grill is ready to sizzle up your favorite culinary creations. Equipped with a full home generator, you'll never have to worry about interruptions to your entertainment plans, ensuring peace of mind during any weather conditions. The custom garage organization system keeps everything tidy and accessible for your convenience. With its thoughtful design, luxurious amenities, and unparalleled attention to detail, this entertainer's dream home offers a lifestyle of unparalleled sophistication and comfort, where every day feels like a celebration.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2015
MLS Number
2022477
Location
Address
1950 ELKS PATH Lane
City
Green Cove Springs
State
FL
Zip Code
32043
County
CLAY (SOUTH)
Listing
Provider
Vanguard Realty, Inc., original listing
Name
Vanguard Realty, Inc.
Phone
(904) 269-7117
Office Name
COLDWELL BANKER VANGUARD REALTY
Office Phone
(904) 269-7117
Agent Name
THOMAS YATES

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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.