Home for Sale at 5606 ORANGE ORCHARD DRIVE, WINTER GARDEN, FL 34787

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5606 Orange Orchard Drive
Winter Garden, FL 34787

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Property Details

List Price:	$3,895
Beds:	4
Baths:	4
Status:	Active
SqFt:	2724
Agency:	eXp Realty LLC

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Description/Comments

Lot Size:	--
Property Type:	Rental
Year Built:	2021
Notes:	Welcome to Wincey Groves at Hamlin, an exquisite property located in the prestigious Winter Garden area. This stunning two-story home is only three years old and boasts four bedrooms, three and a half bathrooms, and a large upstairs bonus room. The home features a spacious living area that overlooks the lush green park, which provides a serene and tranquil atmosphere. The oversized dining area is perfect for hosting memorable moments with your loved ones. The open-concept kitchen is fully equipped with stainless steel appliances and a beautiful quartz island that is perfect for cooking and entertaining.<br /> <br /> The custom plantation blinds throughout the home allow an abundance of natural light, making the space feel bright and welcoming. You can relax and enjoy the beautiful outdoor space on the screened back porch with a retractable screen. Plus, the option to build a pool in your backyard provides endless possibilities for creating your dream home.<br /> <br /> This property is ideally located near top-rated A schools, including Hamlin Elementary, Hamlin Middle, and Horizon High, making it the perfect place to raise a family. You'll also be within walking distance to trendy shops, dining, and entertainment, making it easy to enjoy the best of what the area has to offer.<br /> <br /> If you need to travel, this property is conveniently located just a 25-minute drive to Downtown Orlando and a 30-minute drive to the Orlando International Airport. Schedule your private showing today and take the first step in making this breathtaking property your forever home.
MlsNumber:	O6199979

Listing Provided By:	eXp Realty LLC, original listing
Name:	eXp Realty LLC
Phone:	(888) 883-8509
Office Name:	EXP REALTY LLC
Office Phone:	(888) 883-8509
Agent Name:	Suzanne Dickson
Disclaimer:	Copyright Â© 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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.

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.

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