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975 Cr 542e
Bushnell, FL 33513
$1,425,000
Conventional
Property
Bedroom
4
Bathroom
Full: 2
Property Type
Conventional
Square ft
2382 Square Feet
Property Description
When we are tasked with the challenge to highlight a property that has so many amazing features, we don’t take that job lightly. This listing has so much to offer it’s been puzzling to come up with that “special” opening line. As Realtors we hold true that “under all is the land” so let’s start there. 25 acres. High and dry. Off the beaten path. Dotted with gorgeous grandfather oak trees. Fenced and cross fenced, with private, gated, electric entry. 4 separate paddocks with run-ins and water. There is a massive, wide, open, green space of pasture to add an arena for any style of riding, roping, or discipline. 60x36 ft show barn. All concrete floors with a 12 foot center aisle. 4 stalls, with 2 stalls having removable walls for foaling. All stalls have rubber mats and fans. Water lines and outlets installed at each stall. Rolling wood and aluminum stall doors. Inside, block, wash rack. Hay bay. Equipment bay. Tack room and barn office both have window a/c. Directly adjacent to the barn is a 24x36 pole barn. Used for horse trailer and tractor storage but could easily be added on for your needs. Now we have 2 homes, both incredible in their own way. The main house is a custom built, block home, with hardie plank siding. Built in 2007, impeccably well kept and maintained, with a lifetime metal roof. Sitting at 2376 sqft of living space there is more than enough room for everyone. The home is formally a 3 bedroom but the office has a built in closet and can easily double as a 4th bedroom. There are 2 bathrooms, with the primary bathroom having a deep, jetted, soaking tub and large walk-in shower. The main bedroom is big enough to be 2 bedrooms and has a beautiful bay window facing the pasture. Quality craftsmanship, attention to detail, and finishes that hold value through the years this home still has so much to offer. Cherry hardwood floors in the main living area. Pella double-pane, double-hung windows with interior blinds throughout. Solid wood doors, with solid wood trim for the doors and windows. This home is both bright and warm, rich and inviting. The kitchen is just as spectacular as the barn. Granite counters. Deep farmhouse sink. 40 inch dual fuel range, installed in 2021. Huge 27.6 cu ft refrigerator/freezer, installed in 2023. Solid cherry wood custom cabinets. 2 drawer dishwasher, installed in 2020. Stainless steel JennAir vent hood. Mini beverage/wine fridge installed in 2023. Tankless water heater installed in 2021. There is a small breakfast bar in the kitchen but also a dining room big enough for your favorite farmhouse table. A 200 gallon propane tank fuels the Generac whole house generator for the main house. Now let’s talk about the second house. Whether it be an in-law suite, home based business, rental/income producing, or where the kids live before they buy their own home…This little house is also great. Block and wood frame construction. This home has equally been very well kept and maintained. A very comfortable 1274 sqft, 3 bedroom and 2 bathroom space that's incredibly versatile. We almost forgot to tell you about the garage. 30x27, don’t fit just one dually in there, but 2. That’s right you can fit 2 oversized trucks if you needed to, and still close the door. 46 miles to the World Equestrian Center. 10 miles to the Sumter Equestrian Center. 54 miles to Disney World. 1 hour to Orlando or Tampa International Airports. Less than 2 hours to either coast. By appointment only but very easy to show. Call today.
Property Information
Lot Size
25 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1993
MLS Number
--
Location
Address
975 CR 542E
City
BUSHNELL
State
FL
Zip Code
33513
County
SUMTER (COUNTY)
Listing
Name
Phone
(352) 569-0233
Office Name
Office Phone
(352) 569-0233
Agent Name
Connie Mahan
Agency Phone
(352) 569-0233

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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.