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1589 Se 44th Place
Bushnell, FL 33513
$1,499,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
2914
Property Description
Back on the market! This is your chance- buyer was unable to complete sale of their property. Absolutely stunning custom ranch professionally designed with exceptional attention to detail. Inspired by the Mediterranean style popular in Florida in the 1920's, this meticulous hacienda style home is full of exquisite details. With ten acres of land and nestled among grandfather oaks, the entrance is unassuming and private. Wind your way to the house and detached garage/barn, complete with 3 full garage bays. The side entry to the garage allows extra parking and easy turn around. As you enter the home, take in the the fine, old world finishes, imported tile, cypress ceiling, and imported, antique lighting. The great room anchors the home and with soaring 20' ceilings it is a focal point. The custom cabinetry and library shelving are a true blend of form and function. The dining area and stunning chandelier open to the outdoor portico with a bank of French doors. The heart of this home is the stunning, chef's kitchen with Wolf ovens and cooktop, SubZero Refrigerator, 2 Asko dishwashers, dual sinks with Rohl fixtures. Somewhat of a celebrity, this kitchen has hosted the Wolf chef as a tribute to the designers. The cabinetry is finely crafted and custom designed to accent the imported marble. The coffered ceiling features hand painted stenciled beams. The 6' by 9' island is perfect for entertaining, sipping espresso or watching the chef in your family. Located off the kitchen, the mud room with matching cabinetry, features an antique European baby sink, also perfect for dog washing. This home also has dual master suites, each with its own en-suite bath and upgraded closets. Don't miss the custom tile, built-in cabinets, walk-in shower, and air tub. Adjacent the kitchen is a private guest suite with hall bath perfect for guests. Peek in the shower to see the 'cracked' tile floor. Go upstairs and take in the dual offices in the loft. The cypress floors are warm and hearty. Use this area for office space, a gallery, yoga studio, or as a retreat, you decide. As you walk outside, linger on the open air porch and gaze toward the reflecting pool connecting the home with the barn. The serene surroundings are peaceful and beautiful. Host a large party or enjoy a fire in the tiled fireplace, this is outdoor living at its best. The barn is an equestrian's dream. With 5 large stalls, a tack room, kitchen/feed room with toilet area. The portico is a fully functional for tacking up and as a wash rack, or use as an outdoor shower for the pool. With both hot and cold water and a storage cabinet, this area is also perfect for entertaining. The barn has a separate septic system and metal roof. Plenty of room to convert this to additional living space or a guest cottage. The barn and garage share the same craftsman stucco finish and truly complement the house. Flagstone walkways surround the home and showcase the master gardener's work. There is a separate pole barn with electric suitable as a run in shelter, trailer storage, boat storage or additional stalls. Located on the western side of the property there is also a 50' nature buffer for privacy. At the rear of the property, there is a 25' access road if needed. Located 52 miles from Orlando, 59 miles from Tampa, and 38 miles to World Equestrian Center in Ocala. With so many curated and designed features, this home can only be fully appreciated with a private tour.
Property Information
Lot Size
10 acre(s) square ft
Property Type
Residential
Year Built
2007
MLS Number
T3470700
Location
Address
1589 SE 44TH PLACE
City
BUSHNELL
State
FL
Zip Code
33513
County
SUMTER
Listing
Provider
SIGNATURE REALTY ASSOCIATES, original listing
Name
SIGNATURE REALTY ASSOCIATES
Phone
(888) 270-7653
Office Name
SIGNATURE REALTY ASSOCIATES
Office Phone
(813) 689-3115
Agent Name
Angelia Piche

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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.