Home for Sale at 18940 SE 54TH PL, Ocklawaha, FL 32179

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18940 Se 54th Pl
Ocklawaha, FL 32179

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Property Details

List Price:	$145,800
Beds:	3
Baths:	2
Status:	Active
SqFt:	1288
Agency:	Hook & Ladder Realty of Central Florida, LLC

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Description/Comments

Lot Size:	--
Property Type:	Other
Year Built:	1977
Notes:	Do you want a weekend escape from the hustle and bustle of everyday life? Looking for a rental? Bring your offers! This is it if you want a place to call home or relax on the long weekends! The home site is a 0.61-acre lot on the lake with a great view. It has a split bedroom with two full baths, an open floor plan, and an extended living space on the rear enclosed porch with a relaxing view of the water. There is ample parking for two cars under the attached covered carport and an additional detached carport for the toys. There is also an additional storage shed for yard tools at the rear of the home. This home is about 1.5 hours from Daytona Beach, great for beachgoers and racing fans, or the same distance to Orlando attractions. Don't forget about the location of state parks and the national forest, which are nearby for all that, like kayaking, tubing, fishing, or hunting. This is a getaway location and could be used as additional income as a rental when you are away. It is priced at a great price! Don't let this one get by you. Come live the Florida lifestyle.
MlsNumber:	11277652

Listing Provided By:	Hook & Ladder Realty of Central Florida, LLC, original listing
Name:	Hook & Ladder Realty of Central Florida, LLC
Phone:	(352) 207-7412
Office Name:	Hook & Ladder Realty of Central Florida, LLC
Office Phone:	(352) 207-7412
Agent Name:	Virginia Wright
Disclaimer:	Copyright Â© 2024 My State 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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