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1090 Doctors Lake Inlet
Orange Park, FL 32073
$1,700,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3665
Property Description
First Right of Refusal. Welcome to this expansive and private 2 acre retreat in the exclusive Lakeside Estates neighborhood. With 150 feet of waterfront, this gated compound is graced with live oaks, manicured landscapes, a barn with a rich history and a gorgeous Tuscan themed home looking over Doctors Lake. Fully fenced with screened in pool, dock and boat house. At the end of a private road, pass through the gates to your enclave and leave the world behind. Inside you'll be amazed by the rich details you will find like hand scraped hardwood floors, rough sawn timbers in the ceilings, and a gourmet kitchen. $2,000 credit a closing available if using preferred lender. A welcoming heated pool greets you as your exit the home through the quadruple sliding doors. and into the heated pool. Boathouse, Barn and Sheds are as is. Caution, the area of the dock by the boat house has not been used and may be in need of repair. Boat Lift is not connected to electricity. Do not let your clients walk past the end of the walkout. Beyond the pool, a meandering sidewalk leads you to the dock, offering deepwater access to Doctors Lake, the St. Johns River, the Intracoastal Waterway, and the vast Atlantic Ocean. If you like, you can take your boat to go watch the Jaguars play. Returning indoors, the main floor showcases a primary suite with a cozy fireplace, walk-in closets, and an opulent walk-in shower. Additionally, on the ground floor, you'll find a formal office and a dining room conveniently located adjacent to the kitchen's great room. For those seeking a private escape without leaving home, a bonus bedroom/office retreat is nestled through the 3+ car garage. Ascending the stairs to the upper level, you'll discover the final two bedrooms, each sharing access to a stylish jack-and-jill bathroom. (some photos are virtually staged)
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2011
MLS Number
1255648
Location
Address
1090 DOCTORS LAKE INLET
City
Orange Park
State
FL
Zip Code
32073
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
GLEN HAMILTON

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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.