Home for Sale at 1386 SW SR 14, MADISON, FL 32340

1386 Sw Sr 14
Madison, FL 32340

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Property Details

List Price:	$299,000
Beds:	3
Baths:	2
Status:	Active
SqFt:	2426
Agency:	All Realty Services

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	1955
Notes:	Amazing home, property, and workshop just outside of Madison, FL! This 3-bedroom 2-bathroom brick structure with metal roof features 2,426sqft and 1.7 acres of property. The roomy kitchen has an island with power, beautiful counter tops and cabinetry, and a huge pantry. The large master bedroom has French doors leading out to a kind of Florida Room, which would be great for an exercise room or a place to enjoy morning coffee and evening beverages. The home also includes an office and a multi-purpose room that would be excellent space for crafts/small projects, storage, or as an additional office. Also included is a Gerenerac whole-house generator, which will keep the home functional during times of power outages. Heading to the back yard through the mudroom you'll find the absolutely massive workshop with seemingly endless space for work and storage. The workshop has several rooms with lighting, wood-burning heater, and a garage door for wheeling in equipment or vehicles. Attached to the workshop there is an unfinished apartment ready to be completed so that guests or family have their own space when visiting. The apartment comes with a refrigerator, oven/range, microwave, and commode. The beautiful 1.7 acres provides plenty of space and privacy, and includes a two-car carport, and storage shed. The road frontage has a privacy fence and gate. You can't find this many square feet and this much land in a better location for a better price. Schedule a showing today!
MlsNumber:	371949

Listing Provided By:	All Realty Services, original listing
Name:	All Realty Services
Phone:	(850) 933-6363
Office Name:	All Realty Services
Office Phone:	(850) 973-9990
Agent Name:	Benjamin Marinelli
Disclaimer:	Copyright Â© 2024 Tallahassee Board of Realtors. 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