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815 Lake Cove Point
Lakeland, FL 33813
Russ Rhoads with EXP REALTY LLC, original listing - (888) 883-8509
$675,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3
Property Type
Conventional
Square ft
3426 Square Feet
Property Description
Are you looking for a unique getaway? Situated on Little Lake Victoria and in a neighborhood formerly known as Fleming Estates - this could be the property for you! You will have multiple vantage points to view the lake from both the house and the yard. Filled with rustic charm and with lots of wood accents, spacious floorplan with large rooms, and a warm inviting fireplace. Located on a large lakefront lot which has lush, mature landscaping giving it a park or preserve like feel. There is no HOA and the road is a private. A four bedroom, 3 full bath with a bonus/flex which could be used as a 5th bedroom, you will have plenty of options for every member of the family. You have a formal living room and a formal dining room plus a spacious family room for all your entertaining needs. There are 5 levels to this house - the home is noted as having 3+ floors in the Polk County Property Appraisers site. The master suite is located on the main floor and has a seating area with doors leading to a private deck. An ensuite bathroom, a large walk-in closet plus a built-in closet round out this private space. Perfect after a long day to relax and unwind. Two bedrooms with a jack-and-jill bath are located on the upper floor. Both of these bedrooms have wood floors, ceiling fans, chair rail and bead board accents. On the 2nd level you have a covered and screen porch off the kitchen and dining room. This level overlooks the backyard and lake. A breakfast nook and the porch are the perfect spots to enjoy the quiet of the backyard and lake. Located on the third level are the 4th bedroom and flex/bonus room. The bedroom has a private patio that is accessed from sliding doors. The 3rd level also has a full bathroom, The family room and large laundry level are located on the bottom level. Doors lead out to the outdoor patio level and yard. The A/C was replaced Sept 2024, roof replaced in 2019, some windows are single paned, some are double paned, the kitchen has been updated, all appliances stay. There are wood, plantation shutters though-out for privacy, lake views from almost every room. There is a 2.5 car garage with work shop space which measures 9x22, the master deck are measures 20x12. Enjoy the many levels to the backyard and lakefront where you can view wildlife and nature. The landscaping includes plantings, pathways, firepits, seating areas, decks, fenced garden and patios plus a dock. This is a sprawling property over almost an acre including ownership into the center of the lake - fish, kayak, bird watching and just relaxing. There is just so much to this space, you must see it to appreciate it. (Note: There is not an option for a 4th level in MLS, so basement had to be used.)
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1979
MLS Number
--
Location
Address
815 LAKE COVE POINT
City
LAKELAND
State
FL
Zip Code
33813
County
POLK (SOUTH)
Listing
Name
Phone
(863) 604-1570
Office Name
Office Phone
(888) 883-8509
Agent Name
Russ Rhoads
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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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.