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201 Poinciana Dr
Ellenton, FL 34222
$59,000
Conventional
Property
Bedroom
2
Bathroom
2
Property Type
Conventional
Square ft
864
Property Description
Come take a tour of this Turnkey property located in the 55+ Community of Colony Cove. This charming 1979 Sherwood home boasts 2 bedrooms and 2 bathrooms, offering modern comforts and convenience. Experience culinary delight in the well-appointed kitchen featuring ample cabinet space, a convenient pantry, and a newer kitchen window for your herbs and natural light. The kitchen has a double-sided sink and easy to clean ceramic tile floors, complemented by a designated desk area perfect for a home office setup. Entertain guests in the adjacent dining room, adorned with updated laminate flooring and furnished with a spacious table and 6 chairs. The laminate flooring is new and also runs into the living room and hallway. Relax and unwind in the spacious living room, ideal for cozy gatherings or peaceful moments. Step through the sliding glass door onto the front screened lanai, complete with fresh screens and carpeting, offering a serene spot to enjoy the neighborhood ambiance. The guest bedroom offers generous space, complete with a wall closet, built-in dresser drawers, and a ceiling fan for added comfort. Refresh in the main bathroom featuring a tub/shower combo and a single sink vanity. Retreat to the oversized Primary bedroom featuring carpeting, abundant natural light from two large windows, and a convenient walk-in closet. The ensuite bathroom has a step-in shower and single sink vanity. Nestled on a quiet street with inviting curb appeal, this home boasts a side driveway, carport, and storage shed for added convenience. Easily accessible with a handicap ramp, which can be removed if desired, while retaining the original steps underneath. Store your essentials in the spacious storage shed, equipped with a washer, dryer, and ample room for tools and beach gear. Step into the expansive back yard oasis adorned with shaded trees, offering a perfect setting for outdoor grilling and leisure activities. Benefit from newer tiedowns installed in 2020, ensuring safety and stability. The AC is also New 2023. Don't miss the opportunity to make this property your new home sweet home! Schedule your tour today and embrace resort-style living at its finest in Colony Cove. Colony Cove is an age qualified (55+) five-star resort community of manufactured/mobile homes. The "Cove" boasts 5 clubhouses, 6 heated pools, a riverfront pavilion, and private fishing pier, a private marina, a fenced dog park (very pet friendly), tennis, shuffleboard, new pickleball courts, 2 new fitness rooms, 24-hour patrol, clubs of every interest, and much more. There are daily planned activities throughout the park. Bottom line, if you get bored here, it's your own fault! The lot rent in Colony Cove is based on the home's location. Not only does the monthly rent cover all of the amenities of the community listed above, but it also covers almost all other monthly expenses such as water, sewer, and trash pickup. All property taxes, lawn maintenance...pretty much every monthly expense except electricity and internet. All listing information given to us is considered appropriate and reliable but we always recommend home inspections by independent companies who have a background and thorough understanding of manufactured homes. We cannot guarantee the accuracy of the information given to us or the home's condition. Lot rents are determined by the community office, not our company.
Property Information
Lot Size
-- square ft
Property Type
Other
Year Built
1979
MLS Number
11259646
Location
Address
201 Poinciana Dr
City
Ellenton
State
FL
Zip Code
34222
County
MANATEE (NORTH)
Listing
Provider
My Florida Dreams, original listing
Name
My Florida Dreams
Phone
(941) 981-3424
Office Name
My Florida Dreams
Office Phone
(207) 807-2376
Agent Name
Becky Hanchett

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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.