Home for Sale at 1280 W Noble Street, Lecanto, FL 34461

1280 W Noble Street
Lecanto, FL 34461

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Property Details

List Price:	$525,000
Beds:	3
Baths:	2
Status:	Active
SqFt:	1122
Agency:	American Realty & Investments of Citrus County

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Description/Comments

Lot Size:	10 acre(s)
Property Type:	Residential
Year Built:	1972
Notes:	One or more photo(s) has been virtually staged. With all the growth in Citrus County, there are still areas that feel miles away from the hustle and bustle. This is one of them!<br /> The newly remodeled home is placed near the front of more than 10 mostly cleared acres. The open floor plan allows for maximum use and creativity of space, including the sunny bonus room in the back. Behind the home is a storage container that can be used as a man cave or a she shed, or an air conditioned workshop to delve into your hobbies and projects. If appreciating nature is your choice for your downtime, you can walk across the street to ramble in the nearly 50,000 acres that make up the Citrus Wildlife Management, which is one of the 7 tracts that make up the Withlacooche State Forest. The state forest has camping, horse trails, birding, picnicking and so much of the wildlife that calls the forest home.<br /> Even though the home is away from it all, you can still get to the brand new shopping area that will be completed within the year in 12 minutes, or to the Gulf Coast in 20 minutes. Being 5 miles from the Suncoast Parkways means that you can be on the highway to anywhere in less than 7 minutes!<br /> The HVAC and hot water heater are brand new and the much desired metal roof has just been resecured and treated.
MlsNumber:	832598

Listing Provided By:	American Realty & Investments of Citrus County, original listing
Name:	American Realty & Investments of Citrus County
Phone:	(352) 795-6811
Office Name:	ERA American Suncoast Realty
Office Phone:	(352) 726-5855
Agent Name:	Geraldine "Geri" Gaugler
Disclaimer:	Copyright Â© 2024 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing