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264 Boncycle Land Drive
Eastpoint, FL 32328
Corey Lott with NextHome Lott Premier Realty, original listing - (407) 222-0495
$675,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3
Property Type
Conventional
Square ft
2409 Square Feet
Property Description
Apalachicola Bay Gated Community Custom Home in Gramercy Plantation on 1 Full Acre! Enjoy gracious southern living and coastal style charm in this custom built cul-de-sac home located in gated Gramercy Plantation with 900Sf detached garage! This home features fine craftsmanship and details, soaring 24 foot Vaulted ceilings and custom touches throughout the home including FULL Custom window casings and framing and 6 inch Baseboards. As you approach, you are welcomed by a large and welcoming Southern Style covered front porch and leads to Grand Entrance Leaded Glass Front Doors with sidelights. Work from PARADISE with STARLINK INTERNET in a spacious office with beautiful wood floors and bay windows and a FULL Bathroom to the right of the office. Down a few steps from that area is a HUGE Bonus Room with 8 Foot French doors and a 16 foot wall of windows and custom casing. To the right of the entry, you'll see how this Coastal Style Exterior Home transforms into a warm and welcoming home with Southern charm. The Nearly 400sf Living Room opens up with Soaring Ceilings, and leads to features of an open arrangement of casual space that will delight. The Granite Counter Kitchen with 42 Inch Wood Cabinetry features an Island, Stainless Appliances, Built In Oven, additional Gas Range with Gas Cooktop and Large Range Hood, Custom Tile Work, and Frosted Glass Doors on Upper Cabinets as well as 3 Person Seating at the Countertop Bar and Separate Wet Bar Sink. Dining Room is just off the kitchen with Plenty of Natural light. Living Room Features 2 Story Height, 24 Foot Vaulted Ceilings. The Primary Suite is located on the first floor, just to the right of the staircase, but with a private door, then leading to two closets and french doors. The Interior of the Primary Suite is spacious and includes Crown Molding, and a private screened & covered porch overlooking the lush backyard and wooded forest behind the property. The Primary Bath has a separate Shower Stall and Jacuzzi Spa Tub as well as a private water closet and walk-in closet. Just outside the Primary Suite are Stairs that are a Warm Oak leading to the 2nd floor Loft. The Loft area includes a nice view of the windows shining natural light into the living room below, but it also shines that natural light upstairs for an open and vibrant feel. The loft includes another large living space, 3 additional bedrooms and a bathroom. Bedroom 2 is HUGE and set up for several guests to stay. Bedroom 3 features a balcony to get a fresh breath of air while working or for the morning cup of coffee. The 4th bedroom has 3 large bay windows and is bright and airy with beautiful natural views. Other additional items of note which enhance durability and energy efficiency start with the Home's Exterior including an Elevated Block Foundation, Dual Pane Windows, Tinted Front Windows, Hardie Board Siding, 50 year Metal Roof, Steel Cord Straps in Frame, On Demand Rinnai Tankless Propane Water Heater, and SPRAY Foam Insulation on the interior roof decking! Enjoy a short stroll to the sparkling 100,000 gallon community pool, community clubhouse, BOAT & RV Parking Area, and tennis courts! 900sf Detached Garage to store everything you could need, or fit 3 cars! Go a bit further to see Apalachicola Bay and or take a bike ride along the coast. Gramercy Plantation is a 5 Minute Drive to the Beautiful Beaches of St. George Island, and the State Park! The k-12 Public School is within 1 mile! Come make this your NextHome today! Video Link Here- https://bit.ly/video264boncycle 3D Tour Link Here- https://bit.ly/264boncycle3dtour
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2007
MLS Number
--
Location
Address
264 Boncycle Land Drive
City
Eastpoint
State
FL
Zip Code
32328
County
FRANKLIN
Listing
Name
Phone
(407) 337-0008
Office Name
Office Phone
(407) 222-0495
Agent Name
Corey Lott
Agency Phone
(407) 222-0495

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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.