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130 Simpson Avenue
Monticello, FL 32344
$249,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1654
Property Description
Located 3/4 of a mile east of Monticello's downtown district, this quaint 1930’s cottage offers 3BR and 2BA with over 1600 sqft. This property has a nice large backyard with a huge shed which is partially set up for a workshop, perfect for DIY enthusiasts. There are several sitting vignettes outdoors, outside of the kitchen area, perfect for the al fresco dining alternative, off the rear of the home, and a private patio off the owner's suite. The touches from a bygone era like the five panel real wood doors, bay window and built in China hutch in the dining room add character and warmth to the home. The updates performed in 2020, from paint and flooring to appliances and HVAC, ensure that the home maintains its charm while offering modern comfort and convenience. The heart of the home is tucked off the back of the house, with the iconic kitchen picture window over the sink to daydream or keep an eye on whoever is in the backyard. In addition to the numerous cabinets, there is a walk in pantry space at the end of the galley kitchen. The living room is substantial in size, anchored by the aesthetic of the fireplace (capped). The layout, with the laundry room centrally located, is practical and efficient and this laundry area is large enough to create a double purpose for the room, or just utilize it for bonus storage. The owners suite is ample in size with lots of natural light, a smaller closet for linens, etc. and a full size walk-in closet and spacious master bath with a tiled shower with dual benches and shower heads. Double sink vanity with and extra cabinetry tower. The master has its own private french door to a little patio space, great for stargazing before bed. Overall, this cottage combines vintage charm with modern updates, creating a cozy and inviting place to call home.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1935
MLS Number
371635
Location
Address
130 Simpson Avenue
City
MONTICELLO
State
FL
Zip Code
32344
County
JEFFERSON
Listing
Provider
Pathways Realty, original listing
Name
Pathways Realty
Phone
(850) 445-8760
Office Name
Pathways Realty
Office Phone
(850) 445-8760
Agent Name
Sarah Springer

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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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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.