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1100 W Blue Springs Avenue
Orange City, FL 32763
$499,900
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2050
Property Description
Looking for room to roam in Orange City? This 4-bedroom, 3-bath pool home on three acres with a 20 X 40 metal building is available for new ownership. NEW ROOF to be installed before closing. Inside, the huge kitchen includes all stainless-steel appliances and looks out to the large, screened pool area and sits adjacent to the main living area and Florida Room. The main living area boasts a wood-burning fireplace and gorgeous hardwood floors that flow throughout much of this home. The Florida room does have air conditioning and features an abundance of natural lighting that flows in through the sliding glass doors. The Primary Suite includes private access to the rear porch and pool area as well as a walk-in closet and ensuite bath with step-in shower. Memories of a lifetime are made in swimming pools, but if that’s the case, then the size of this 20 X 40 swimming pool will bring an abundance of memories! Towards the rear of this three-acre parcel is a 20 X 40 metal storage building on a concrete slab as well as another concrete block building that would make the perfect office space or detached apartment. Additional features include an air conditioning system that’s less than a year old, septic system pumped in 2023, an outdoor shower, and you won’t have to worry about water bills for years to come. Yes, this home does need some TLC, and is being sold AS IS, but the potential here is quickly evident. Just a short hop to the Spring-to-Spring Trail will give you hours of enjoyment cycling or walking this trail that connects with other trails to East Volusia County. Of course, Blue Spring, Deland, Orlando, and New Smyrna Beaches are worthy nearby destinations. Ask your Realtor® for the video tour of this property. All measurements are approximate and should be independently verified.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
1966
MLS Number
V4934983
Location
Address
1100 W BLUE SPRINGS AVENUE
City
ORANGE CITY
State
FL
Zip Code
32763
County
VOLUSIA (SOUTHWEST)
Listing
Provider
Orlando North Realty, original listing
Name
Orlando North Realty
Phone
(407) 862-9700
Office Name
KELLER WILLIAMS HERITAGE REALTY
Office Phone
(407) 862-9700
Agent Name
Chuck Shaver, PA

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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.