Home for Sale at 3953 DOCTORS LAKE Drive, Orange Park, FL 32065

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3953 Doctors Lake Drive
Orange Park, FL 32065

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Property Details

List Price:	$1,924,400
Beds:	3
Baths:	3
Status:	Active
SqFt:	3304
Agency:	Watson Realty Corporation

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Description/Comments

Lot Size:	2 acre(s)
Property Type:	Residential
Year Built:	2025
Notes:	Welcome to an exquisite residential offering in an idyllic setting! This beautiful package boasts a sprawling 2.014-acre waterfront parcel nestled in the serene and prestigious enclave of Doctors Lake. The surrounding area offers a tranquil residential setting with convenient access to top-rated schools like St. John's Country School, shopping, dining, and entertainment options. This coveted location provides the perfect blend of natural beauty and modern amenities.<br /> The land, primed for your dream home, features pre-installed dock posts awaiting your vision for a deck or platform, complete with convenient boat parking at the dock's end.<br /> Included in this enticing package is the distinguished St. George Floor Plan from AR Homes, starting at $1,174,400. This price encompasses the floor plan's luxurious interior architectural and color finishes. With three bedrooms, three full baths, a bonus room, and a den, this home epitomizes comfort and elegance. Please note that site costs, outdoor kitchen packages, and pool installations are not included.<br /> With the lot valued at $750,000, this unparalleled lot/home package offers a total of $1,924,400<br /> Embrace the opportunity to craft your perfect waterfront oasis in this exclusive community. Contact us today to turn your residential dreams into reality!<br /> A decorated model of a different floor plan is located in St. Augustine for easy access and to visualize the custom finishes and quality of an AR Home in person! Please contact listing agent to view the lot and for contact information for the AR Homes representative.
MlsNumber:	2025203

Listing Provided By:	Watson Realty Corporation, original listing
Name:	Watson Realty Corporation
Phone:	(904) 596-5931
Office Name:	WATSON REALTY CORP
Office Phone:	(904) 269-1270
Agent Name:	ROQUE GOYZUETA
Disclaimer:	Copyright Â© 2024 Northeast Florida 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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