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524 Cypress Bend
Oldsmar, FL 34677
$899,900
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3501
Property Description
Welcome to your new Florida dream home. At over 3,500 square feet, this 4/3/3 executive pool home has been completely remodeled w/one-of-a-kind upgrades and features as no expense was spared. Featuring an open floor plan, the entire 2-story home features Acacia engineered hardwood floors, 6” baseboards and crown molding. Main floor of the home finds your formal living & dining rooms, family room w/real wood burning fireplace, custom cabinets and in-ceiling 5.1 surround sound system including Onkyo receiver, Martin Logan center channel and subwoofer and Yamaha speakers and flat screen TV w/pull-down mount included and separate den/office space. You’ll love the jaw dropping, spacious chef’s kitchen which includes white cabinets, an oversized granite sink, huge peninsula island w/imported marble and ample storage w/double cabinets and double walk-in pantries, stainless Bosch refrigerator and dishwasher, induction stove, oven w/warming drawer, convection microwave and oven combo. Main floor layout also includes a breakfast nook, laundry room (front load washer/dryer included), completely remodeled full pool bath and three panel, 8-foot high sliders which open out to the pool deck. The second story is where you’ll find the sleeping quarters. The enormous Master Bedroom has regal double door entry. Pamper yourself in the luxurious Master Bath w/extra deep tub, dual sinks, custom vanity w/marble countertops, frameless shower w/spot-free glass, built-in bench and rain shower head, plank tile floors, custom plumbing & light fixtures and oversized Master closet w/custom shelving and cabinets. Second floor is also where you’ll find the giant bonus room/flex space w/custom painted Disney Jungle Book mural. The second floor also finds 3-additional generously sized bedrooms each w/custom wood closets and ceiling fans and completely remodeled bath-2. Disney fans will delight as two of the bedrooms also have custom painted murals (Peter Pan and Castle). This home was made for entertaining w/fabulous outdoor space. Your very own private screened, oversized saltwater swimming pool and spa w/bubbler and jets, latest pool technology including UV, Ozone, salt system, DE filtration and variable speed pump and energy efficient electric heater pump heater, covered seating area, mounted TV (included) and outdoor speakers, vinyl fenced backyard, custom swing set and in-ground basketball hoop. Some of the other extra special features in this spectacular home include; all wood flooring was installed w/glued down insulation and cork sound dampening to keep the sound at a minimum, 12-direct wired cameras surround the house , home security system w/door and window sensors, glass break and motion sensor w/24-hour monitoring, New Roof in 2021 w/insulated trusses and double-straps, additional storage w/attic access, whole-house water filtration system and water softener, energy efficient water pump water heater, two 16-Seer AC units w/UV lights, programmable thermostats. Plenty of room to park in the oversized 3-car garage w/workbench and storage cabinets, second fridge w/freezer, utility sink and the electric panel has been preconfigured for a backup electric generator. The Woods of Forest Lakes is a prestigious community w/no CDD and low HOA. Community amenities include; common area lakes, pavilion park, playground, and tennis/pickleball court. Centrally located your only minutes away from shopping, restaurants, ice center, highly rated schools, expressway and TIA.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2001
MLS Number
T3520199
Location
Address
524 CYPRESS BEND
City
OLDSMAR
State
FL
Zip Code
34677
County
PINELLAS (NORTH)
Listing
Provider
Tampa Bay Premier Realty, original listing
Name
Tampa Bay Premier Realty
Phone
(727) 415-4982
Office Name
TAMPA BAY PREMIER REALTY
Office Phone
(727) 415-4982
Agent Name
Joseph Zani

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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.