Home for Sale at 2690 CORAL LANDINGS BOULEVARD, PALM HARBOR, FL 34684

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2690 Coral Landings Boulevard
Palm Harbor, FL 34684

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Property Details

List Price:	$234,700
Beds:	2
Baths:	2
Status:	Active
SqFt:	1108
Agency:	INTEGRITY REAL PROPERTIES INC.

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Description/Comments

Lot Size:	20 acre(s)
Property Type:	Residential
Year Built:	1987
Notes:	Beautiful, completely renovated, Second-floor water view 2 Bedrooms 2 Bathrooms condo. Brand new kitchen with Stainless Steel appliances, modern backsplash, Quartz countertops, and new vinyl floors. Bathrooms have a contemporary style with Quartz countertops, modern lighting, and vinyl floors in the living room, kitchen, and bathrooms, carpet in the bedrooms, and a screened patio with a water view. Enjoy the water views from every room in the condo. Resort-style pool, Tennis Court, Fitness Center, Playground, Volleyball Court, Grill Area, Laundry Facility, Office Facility, and Car Care Center. Welcome to the highly sought-after Meadowlake Condos community. Located a short distance from US19 in beautiful Palm Harbor, Florida. Everything is close by from Honeymoon Island and Caladesi Island State Park, beaches, and the Pinellas retail outlets, including restaurants and banks. Please check the details for the well-rated public schools in this area which are very close by. This condo has a well-maintained grounds and gives you access to a gym onsite along with a laundry area (this condo has washer/dryer connections inside) as well as a playground, tennis courts, picnic areas, clubhouse, shuffleboard, a dog walking area, a beautiful pond/lake and an abundance of parking which is hard to come by. Meadowlake has a Publix grocery store right next door.
MlsNumber:	T3508489

Listing Provided By:	INTEGRITY REAL PROPERTIES INC., original listing
Name:	INTEGRITY REAL PROPERTIES INC.
Phone:	(813) 784-3759
Office Name:	INTEGRITY REAL PROPERTIES,IN
Office Phone:	(813) 784-3759
Agent Name:	Magda Perez
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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