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1212 Lake Point Drive
Lakeland, FL 33813
Theresa Candelaria with EXP REALTY LLC, original listing - (888) 883-8509
$1,275,000
Conventional
Property
Bedroom
5
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
4019 Square Feet
Property Description
SNEAK PEEK! Photos coming soon! Looking to live the lake life? This Lakeland Highlands home is what you have been searching for. A lake lovers dream! Experience living on a 251 acre lake, with a little more than a half-acre. There are very few rooms in this home that don't have a spectacular view of the private lake. There have been many updates to this 1970's home but still plenty of room for you to bring your personal remodeling wishes. Arriving at 1212, you are greeted by a circular drive, new garage door, and double rod iron gated entry that leads into a spacious walled courtyard. Once inside, you will find the powder room, master suite, living room, study/library/office with a wet bar area and built in bookshelves. On the opposite side of the study is the expansive, open concept, living, dining and kitchen, all of which have high beamed ceilings and large sliding doors that all lead to a wood deck overlooking the lake. One of the two wood burning fireplaces lends an amazing focal point to the space. The first level is also home to the laundry, extra freezer space, desk and loads of cabinets. On the lower level, you will find four additional bedrooms, two full baths, another laundry room, a wet bar and lastly, a family room with a second wood burning fireplace. The "lower level" basement living area leads outside, directly to the fenced back yard, which is home to two enormous mature oaks. Just beyond the lawn, lies the covered boat dock with a screened seating/storage area for all your water toys. There is an open dock area, perfect for relaxing while you enjoy memories of the day and watch the sunset. Come see for yourself why this area is so highly desirable
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1972
MLS Number
--
Location
Address
1212 LAKE POINT DRIVE
City
LAKELAND
State
FL
Zip Code
33813
County
POLK (SOUTH)
Listing
Name
Phone
(813) 927-9108
Office Name
Office Phone
(888) 883-8509
Agent Name
Theresa Candelaria
Agency Phone
(888) 883-8509

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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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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.