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218 Wgto Tower Road
Lake Alfred, FL 33850
$549,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2090
Property Description
Must see to believe all that this charming updated, 3 bedroom, 2 bathroom, attached garage, pool home on a sprawling +/-1 acre lot that is zoned for horses has to offer. As you enter the house you are welcomed by a cozy screened in front porch. Enjoy the view of the tranquil lake as you sip your morning coffee. From there, walk through the front door into the spacious Great Room featuring new luxury vinyl tile which continues throughout the home. The wood burning fireplace with cedar wood mantle and masonry rock wall is a favorite spot for friends and family to gather. Vaulted ceilings adorned with decorative natural wood plank trusses and white washed cedar plank walls, are among the additional stunning details in the Great Room. To the left of the Great Room sits a beautifully renovated Kitchen featuring quartz counters, stainless steel appliances, ceramic tile backsplash, and oversized walk-in pantry. Off to the right of the Great Room is the hallway leading you to the Primary en-suite Bedroom and two secondary bedrooms with a shared bath. The highlights of the large Primary Bedroom are the crystal fandolier (a chandelier with disguised ceiling fan), a well appointed walk-in closet, and sliding glass doors that open up to the pool and lanai area. The Primary Bedroom en suite Bathroom has a large glass enclosed, ceramic tile, walk-in shower, and oversized vanity with sink and ample storage space. The secondary bedrooms each have a large window with scenic views of the park-like front yard. They share a large bathroom with shower and tub combo. A separate Laundry Room is located just off of the Great Room. As you exit the living space through the sliding doors you will walk out onto the pool deck. The fully screened outdoor pool oasis and the lanai area with retention wall offers plenty of space for large parties or a quiet spot for solo relaxation as you soak up the sun. Conveniently, the pool has its own bathroom to keep wet swimmers from entering the home. Beyond the pool area, you will find the fenced backyard, which has a stable and storage shed. The gem of this property is the unique, insulated, air conditioned 2250 square foot workshop. This space has a wood, framed mezzanine, plumbing, hook up, garage door and concrete flooring. The owners have converted it into a recreation area with a basketball court, as well as an additional party/ entertainment space. This property also includes a whole house plus workshop generator, Kinetco water, filtration system to go with the well water, no city utilities, Septic tank/well water. No HOA! This home has so much potential as an investment property, or your very own compound to live, work, and play! The property is close to I4 and conveniently located near OIA, golfing, and Central Florida attractions. Call to schedule your private showing.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1984
MLS Number
O6194007
Location
Address
218 WGTO TOWER ROAD
City
LAKE ALFRED
State
FL
Zip Code
33850
County
POLK (NORTH)
Listing
Provider
Better Homes and Gardens Real Estate Fine Living, original listing
Name
Better Homes and Gardens Real Estate Fine Living
Phone
(407) 433-9699
Office Name
BETTER HOMES & GARDENS FINE LIVING
Office Phone
(407) 433-9699
Agent Name
Mary-Kim Shurina

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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.