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12478 Briarmead Lane
Jacksonville, FL 32258
$475,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2476
Property Description
Seller moving out Tuesday. No showings on Tuesday, March 19th. Multiple offers- highest and best due by 12pm on 3/21/2024. Experience the epitome of comfort and elegance in this exquisite single-story residence nestled in Hatton Chase. Boasting four spacious bedrooms and three full bathrooms, including two owner's suites with ensuite bathrooms, this home promises a luxurious retreat for each member of your household. The heart of the home is the gourmet kitchen, outfitted with modern backsplash, ample counter space, and plentiful cabinets, making it a chef's delight. The kitchen seamlessly transitions into both the eat in space kitchen and a cozy family room, ideal for hosting gatherings or enjoying quiet evenings in. A formal living room adds to the entertainment possibilities, with a gas fireplace that flows into the formal living room. Revel in the double tray ceiling in the owner's suite as you unwind for the day. The adjoining luxurious bathroom, complete with a soaking tub and oversized standing shower, offers a spa-like experience without ever having to leave the comfort of your suite. Step outside to the covered lanai for a peaceful outdoor escape in your private backyard. With a two-car garage, this home is as practical as it is beautiful. Come and discover a haven of relaxation and style, waiting just for you.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2002
MLS Number
2007781
Location
Address
12478 BRIARMEAD Lane
City
Jacksonville
State
FL
Zip Code
32258
County
DUVAL (SOUTHEAST)
Listing
Provider
Keller Williams Jacksonville Southside, original listing
Name
Keller Williams Jacksonville Southside
Phone
(904) 515-2700
Office Name
KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUT
Office Phone
(904) 515-2700
Agent Name
MARGARET SHERRILL

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HUD Foreclosures

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.