Foreclosure for Sale at 20600 Slalom Course Court, Estero, FL 33928

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Foreclosure: 20600 Slalom Course Court
Estero, FL 33928

Jorge De Pina with MIA Realty, CORP, original listing - (786) 592-1887

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Property Details

List Price:	$975,000
Beds:	4
Baths:	Full: 3, ½: 1
Status:	Active
SqFt:	3910 Square Feet
Agency:	MIA Realty, CORP
Agency Phone:	(786) 592-1887

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Description/Comments

Lot Size:	1 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	2007
Notes:	One-of-a-kind home located on a 1.7-acre lot on Ultimate Ski Lake! You won't believe your eyes when you see and experience the outdoor living space which is centered around a 150K gallon sized pristine pool with not one, but two slides, 3 waterfalls, one of which pours into the smaller pool below. Sauna and steam room, grotto, built in stools that overlook tiki hut and amazing ski lake. Take in the breathtaking sunsets from this oasis that can be found nowhere except a 5-star resort! And it can be all yours to enjoy year-round! Cathedral ceilings and southwest exposure offer wonderful natural lighting and spectacular sunsets. Kitchen offers granite counters and plenty of cabinet space too. Tile throughout main living area on 1st floor with 2 guest bedrooms and master suite. Master bath has a large walk-in shower, separate tub and dual sinks. There is a den attached to the master bedroom and large closet. 2nd floor has a 2nd master suite with full bath. This is a home you can't miss the opportunity to purchase. Close to shopping, dining, interstate, beaches, university and airport! The property is being sold AS IS. A viewing release must be signed prior to showing. Please see broker remarks for very important information. This property is eligible under the First Look Initiative. All owner occupant offers will be responded to after 7 days on the market and investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. The property is priced according to its current condition. No repairs will be conducted by seller
MlsNumber:	--
ListingId:	224097732

Listing Provided By:	MIA Realty, CORP, original listing
Phone:	(305) 878-9356
Office Phone:	(786) 592-1887
Agent Name:	Jorge De Pina
Disclaimer:	Copyright © 2024 Florida Gulf Coast Multiple Listing Service, Inc. 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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