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5559 42nd Pl
Bell, FL 32619
$1,150,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
2054
Property Description
85 ACRES of PRIVACY and PEACEFULNESS... with a mixture of PASTURE, a few hardwoods and planted PINES this property exceeds your expectations. Approximately 40 acres of planted pines makes a wonderful investment with little effort and 40 acres of cleared land for livestock or other agricultural ventures leaves you many possibilities. Another 5 acres has hardwoods and natural beauty. The large triplewide home boasts 2,054SF of living space inside, and has a screened front porch and covered back deck for added space to enjoy views of the property. From the moment you step inside the front door, you feel the spaciousness of the open floor plan with the great room that flows into the dining area with built-in china cabinet. Bedrooms are split on either side of the home. The master bedroom has corner windows that allow for natural sunlight to fill the space. Skylights in both bathrooms also provides added natural light. Luxury vinyl plank flooring was recently installed in the living and bedroom areas of the home and tile floors in the kitchen, bathrooms, breakfast room and sunroom. A bright corner kitchen has plenty of custom wood cabinets including added pantry cabinets. Using this stainless, double kitchen sink can actually be a pleasure as there are 3 windows that allow you to see wonderful scenes of the property and may include glimpses of deer, turkey or other wildlife that may pass thru. There are also floor to ceiling windows in the breakfast room and sunroom that give the feeling of the bringing the outside indoors! These spaces also provide flexibility in their uses. They could be a home gym, office, playroom, or den. Possibilities are endless. Off of the sunroom, the sliding doors lead to a covered deck that steps onto a patio beside the pool; a great place to sit in shade or cool off after a dip in the POOL. Because the property is suited for agricultural uses, the 36x36 BARN is an added bonus! With horse stalls and a tack area, this barn, with its added covered storage wing will definitely be needed on a working farm. Beside the home is a GREENHOUSE that provides a place to start growing plants for the spring garden! Also located beside the home is a well-built 2 bay garage 24x24 (metal on concrete) that holds more than just 2 vehicles! Plenty of space here for farm toys too! Located in GILCHRIST COUNTY with low taxes, great schools and 5-10 mins to the Suwannee River and freshwater springs, and 40 mins to the Gulf of Mexico, this property is a dream come true! This property is large enough to bring the extended family and build additional homes! Come see what country life can offer! Call to schedule a private tour today!
Property Information
Lot Size
84 acre(s) square ft
Property Type
Residential
Year Built
1994
MLS Number
789514
Location
Address
5559 42nd Pl
City
Bell
State
FL
Zip Code
32619
County
GILCHRIST
Listing
Provider
Hometown Realty of North Florida, Inc., original listing
Name
Hometown Realty of North Florida, Inc.
Phone
(352) 463-9001
Office Name
Hometown Realty of North Fl. Inc.
Office Phone
(352) 463-9001
Agent Name
Natalie Rankin

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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.