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622 S Lakeshore Boulevard
Lake Wales, FL 33853
$595,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
2849
Property Description
This is a beautiful, tastefully updated home that sits high on a hill overlooking Lake Wailes. Rear of home faces Frontage Road and there is a sign at the gate. Bok Tower can be seen in the distance. NO HOA. The lot is .78 of an acre plus an additional smaller lot is included--great for overflow parking at the holidays. The living room, dining room and two bedrooms on the front of the home have gorgeous lake views. The living and dining rooms have large picture windows that let in lots of natural light. Storm shutters for these two windows were installed in 2023. This home has three spacious bedrooms and three and one-half baths. Two of the bedrooms have ensuite bathrooms. One of the master baths was just redone in 2021. All rooms in this 2800+ square foot home are large. There is a screened inground heated pool and spa that was just remarcited in 2023 and a new skimmer box installed also. The pool heater was replaced in 2022. There is a changing room off the pool for your guests. The home has a 400 amp electrical panel (2020) and was re-plumbed (2021). With the 400 amp service a car charger could easily be installed. New roof with hurricane rated shingles and storm shield was done in 2021. Luxury vinyl flooring (2022) is throughout the living areas of the home. There are two a/c units (2017) for the property. The water heater was installed in 2020. The large renovated kitchen (2021) has loads of wood cabinets, marble countertops and a beautiful exhaust hood for the stove. All kitchen appliances and the washer and dryer were added in 2021. The inside utility room is located off the kitchen along with the half bath. The half bath was updated in 2022. The two car garage is oversized. There is also a detached 21 x 17 garage with new wiring and 220 amp service (2022). The attic has had extra insulation added also (2023). There is a 3 horsepower pump on the well for irrigation. New electronics for the well (2023). The rear of the property has a concrete wall and electronic gates (openers installed in 2023) for privacy. There is also a large horseshoe-shaped driveway that can park multiple vehicles. Outdoor wall security lighting was upgraded to LED (2020). This property has such character and charm and has been lovingly restored. There is a walking trail around the lake and lots of activities nearby. The property is conveniently located to shopping, Legoland, Disney World and all that Central Florida has to offer. Bedroom Closet Type: Built In Closet (Primary Bedroom).
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1950
MLS Number
P4929153
Location
Address
622 S LAKESHORE BOULEVARD
City
LAKE WALES
State
FL
Zip Code
33853
County
POLK (SOUTH)
Listing
Provider
Quinn & Company Realtors, LLC, original listing
Name
Quinn & Company Realtors, LLC
Phone
(863) 412-2287
Office Name
QUINN & COMPANY REALTORS, LLC
Office Phone
(863) 412-2287
Agent Name
Brenda J Quinn

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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.