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167 Marina Del Rey Court
Clearwater Beach, FL 33767
$1,499,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
2250
Property Description
LIVING THE DREAM ON THE INTRACOASTAL WATERWAY ON MARINA DEL REY. Walk out to your own deep water deeded Dock and 25,000 lb Boat lift or space for a 50+ foot boat with no canal or height restrictions to the Clearwater Pass a couple of miles away. Spectacular Open water views from almost every room in this Beautifully Furnished (Turnkey) Open Floor Plan Townhome which features 3 bedrooms, plus Office, Bonus room, Theatre Room or Bedroom, 3.5 bath, and a double two car garage on the Cul De Sac. Living room offers a wood burning fireplace and double sliding doors leading to a large Private covered balcony with expansive open water views. Kitchen is open to living area, nicely laid out with Snack Bar, Breakfast area, Center Island, Granite countertops, Stainless Steel appliances, and tons of cabinets. The 3rd floor Primary Bedroom is large and spacious with sliders opening to a private balcony with endless water views, Ample walk-in closet space with Attic space and sizeable bath with dual sink vanity, granite counter top, garden tub. 3rd floor has two other bedrooms, bath and laundry. Ground level Bonus Room with a private covered patio, includes a full bath and closet space. Elevator located on main level goes to 2nd Floor. Hurricane shutters throughout. Newer Impact Windows, (except Sliders), AC new in 2020, Second floor Deck new in 2021. Low Maintenance fees. Community includes a salt water heated pool, bathroom and outside shower, grilling and entertaining area. Close to Sand Key Park, Tennis Courts, Park and Sailing Center nearby, and across the street to the sandy beaches for Beautiful Sunset Views.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1982
MLS Number
U8222926
Location
Address
167 MARINA DEL REY COURT
City
CLEARWATER BEACH
State
FL
Zip Code
33767
County
PINELLAS (CLEARWATER)
Listing
Provider
Charles Rutenberg Realty, Inc., original listing
Name
Charles Rutenberg Realty, Inc.
Phone
(866) 580-6402
Office Name
CHARLES RUTENBERG REALTY INC
Office Phone
(727) 538-9200
Agent Name
Irene Rue

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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.