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2840 Manitou Avenue
Jacksonville, FL 32210
$849,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
3000
Property Description
This stunningly remodeled brick home on just under a quarter acre has been thoughtfully designed and lovingly cared for in Old Ortega. With hardwood floors, high ceilings, and natural light pouring in, you'll find something to love in every room of this spacious corner-lot home. The kitchen boasts an apron sink, granite counters, soft-close cabinets w/custom pull-outs, arabesque backsplash, & a built-in pantry. Roomy breakfast bar overlooks the sweetest nook w/built-ins for seating & storage. The oversized dining and living rooms, both with brick fireplaces and new sliders, seamlessly flow into each other for easy hosting and entertaining. Also note the exposed brick wall and beam ceilings in the living room. Privately situated upstairs, the generous primary suite features a third fireplace, a balcony overlooking the mossy tree-lined street, and a fully remodeled en-suite with double vanity and marble tile-surround shower. The fifth bedroom is located on the primary wing and has its own balcony overlooking the backyard; this room could also be a dreamy dressing room, home gym, or flex space! Both full baths on the other side of the home were also remodeled just this year with handmade Spanish tile and stylish finishes. The guest suite has a door to the back patio and its own en-suite w/frameless glass shower door & an arched-mirror medicine cabinet. Two spacious bedrooms share the hall bath with double vanity, built-in storage w/hamper pull-out, & shower/tub combo. Style meets function in the thoughtfully designed laundry room: pull out drawers and cleaning closet, open shelving, subway tile backsplash, and LVP. The laundry room provides additional access to the side yard, backyard, floored attic w/room for storage, and bonus finished attic w/HVAC vent & window - perfect for a reading nook. Behind the garage and with its own attached half-bath and updated flooring, the home office provides privacy for remote work, as well as direct access to the backyard. Relax or entertain on the back patio overlooking the expansive fenced yard with an ideal balance of tree-canopied shade and sunny green space. Grapefruit, Meyer lemon, and fig trees round out this backyard oasis. The shed and covered breezeway are perfect for storage. A few houses down in either direction from both Cortez and Seminole Park, and less than a mile to additional Ortega and Fairfax parks. Convenient to Roosevelt, NAS JAX, and local dining and shopping in Avondale.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1936
MLS Number
2018998
Location
Address
2840 MANITOU Avenue
City
Jacksonville
State
FL
Zip Code
32210
County
DUVAL (SOUTHWEST)
Listing
Provider
Root Realty LLC, original listing
Name
Root Realty LLC
Phone
(904) 814-0022
Office Name
ROOT REALTY LLC
Office Phone
(904) 814-0022
Agent Name
ANNA SAVITSKY

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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.