Spring Hill Foreclosures and Hernando Beach Foreclosures (Steal’em Quick!)

These are three deals I just couldn’t pass up letting you know about.

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$149,900REDUCED TO $139,900!
10377 Fairchild Road, Spring Hill, FL 34608 - Seven Hills Foreclosure
3 Bed, 2 Bath, 2 Car Garage w/ 1,910 SF Living, Pool, On Golf Course, Fireplace, Built-Ins, Great Floorplan.

This piece of Seven Hills Real Estate is now UNDER CONTRACT – if you’re interested in similar properties, click our Custom MLS Search link and let us know! We’ll find one for you, too!


$118,500 UNDER CONTRACT
5150 Winterville Road, Spring Hill, FL 34609 - Spring Hill Foreclosure
4 Bed, 2 Bath, 2 Car Garage w/ 2,239 SF Living, Great Floorplan, needs minor drywall work.

This piece of Spring Hill Real Estate is now UNDER CONTRACT – if you’re interested in similar properties, click our Custom MLS Search link and let us know! We’ll find one for you, too!


$192,900 UNDER CONTRACT
4057 Bluefish Drive, Hernando Beach, FL 34607 - Hernando Beach South Foreclosure
3 Bed, 2 Bath, Multi-Car Garage (whole first level is garage space) w/ 2,122 SF Living, Dock, Davits, Great Loft w/ 3rd Floor Balcony, Indirect Access to the Gulf of Mexico.

This piece of Hernando Beach Property is now UNDER CONTRACT – if you’re interested in similar properties, click our Custom MLS Search link and let us know! We’ll find one for you, too!

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SOLD – $234,900 – 2,558 SF Living, 4/3/3 w/ Pool & Fireplace, Granite Countertops – Foreclosure for Sale in Pristine Place


This Home for Sale in Pristine Place is now SOLD – if you’re interested in similar properties, click our Custom MLS Search link and let us know! We’ll find one for you, too!

Property Info


Pristine Place
Spring Hill, FL 34609
List Price: $234,900
(County Appraised Value: $251,975)

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# Bedrooms: 4
# Bathrooms: 3
SF Living Area: 2,558
Total Square Footage: 3,506
Subdivision: Pristine Place
City: Spring Hill
Property Type: Single Family
Lot Size: .28 Acres
Year Built: 2007
Garage: 3 Car
Pool: Yes
Waterfront: No

Schools

JD Floyd Elementary
Powell Middle
Springstead High

Courtesy of: Tropic Shores Realty

Description:

This fantastic bargain of a luxury home just became available in the gated subdivision of Pristine Place in Spring Hill, Florida. Large lots, gated privacy, and a great community atmosphere are part of what makes Pristine Place one of Hernando County’s premier developments.

Built in 2007 (practically brand new!), this property features 2,558 Square Feet of Living Area, 4 bedrooms, 3 bathrooms, and a 3 car garage. Granite Countertops set the tone in the large kitchen and also in all three bathrooms. The kitchen also features wood cabinetry with crown moldings and staggered-height cabinets. Built-in bookshelves border a wood-burning fireplace in the family room and four sets of 8′ sliding glass doors lead out to the lanai & pool area (not to mention the glass doors from the breakfast nook and pool bath). The home features a formal living room, formal dining room, family room, kitchen, breakfast nook, and bonus room in addition to the four bedrooms and 3 bathrooms. Truly a home meant for entertaining and large gatherings. Take a look at the video and let us know what you think!

If this is a property you might be interested in purchasing, please note – you will need a pre-approval letter from a lender (if getting a loan) or Proof of Funds from your bank(s) (if paying cash), BEFORE the offer will be submitted to the seller. If you are not sure about either of these things, please call me at 352-397-5182 and we’ll get you all set up right away.

Want to know why it’s imporant that this home isn’t a Short Sale? Click the link to get An Overview of the Short Sale Process from the Buyer’s Perspective

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SOLD – $255,000 – 3,406 SF Living, 5/3/2 w/ Pool & Spa – 2006 Windward Homes – Foreclosure for Sale in Land O Lakes, FL

This piece of Land O Lakes Real Estate is now SOLD – if you’re interested in similar properties, click our Custom MLS Search link and let us know! We’ll find one for you, too!

Property Info


Land O’ Lakes, FL 34638
List Price: $255,000
(County Appraised Value: $333,317)

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# Bedrooms: 5
# Bathrooms: 3
SF Living Area: 3,406
Total Square Footage: 4,006
Subdivision: Call for Info
City: Land O Lakes
Property Type: Single Family
Lot Size: .27 Acres
Year Built: 2006
Garage: 2 Car
Pool: Yes
Waterfront: No

Schools

Oakstead Elementary
Charles S. Rushe Middle
Sunlake High

Courtesy of: Tropic Shores Realty

Description:

This one came on the market today – Absolutely a smokin deal at $255,000 with over 3,400 SF Living Area, 5 bedrooms, 3 bathrooms, a pool w/ spa on a large lot that backs up to a nice wooded conservation area. Also features granite countertops, 42″ Wood Cabinetry with Crown Molding in the Kitchen, Wood Burning Fireplace in the Family Room, Large Loft Area upstairs in as well as formal dining, formal living, breakfast nook, and inside laundry room with tub/sink. Needs all appliances and some minor TLC (carpet, minor drywall repair)

This one is tough to beat, and you should absolutely act fast because the last foreclosure we listed here on the HLH website was gone within a day (and with several offers)!

Homeowners Association Fee is $475/Year.

If this is a property you might be interested in purchasing, please note – you will need a pre-approval letter from a lender (if getting a loan) or Proof of Funds from your bank(s) (if paying cash), BEFORE the offer will be submitted to the seller. If you are not sure about either of these things, please call me at 352-397-5182 and we’ll get you all set up right away.

Want to know why it’s imporant that this home isn’t a Short Sale? Click the link to get An Overview of the Short Sale Process from the Buyer’s Perspective

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SOLD – $112,500 – 2005 Mercedes Home – Ascott IV Floorplan – Foreclosure For Sale in Spring Hill, FL

Even though this beautiful property is now SOLD – if you’re interested in similar properties, click our Custom MLS Search link and let us know! We’ll find more for you!

Property Info


7500 Holiday Drive
Spring Hill, FL 34606
$112,500

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# Bedrooms: 4
# Bathrooms: 2
SF Living Area: 2,216
Total Square Footage: 2,871
Subdivision: Spring Hill Unit 4
City: Spring Hill
Property Type: Single Family
Lot Size: .26 Acres
Year Built: 2005
Garage: 2 Car
Pool: No
Waterfront: No

Schools

Westside Elementary
Fox Chapel Middle
Springstead High

Courtesy of: Tropic Shores Realty

Description:

Excellent Bank-Owned Foreclosure property soon-to-be for sale in Spring Hill, Florida! This Mercedes Homes Ascott IV Floorplan features 2216 SF Living Area, Vaulted Ceilings, 42″ Upper Cabinets, Pantry, Island with Breakfast Bar, Large Bedrooms, Excellent Master Bath with Dual Sink Vanity, Garden Tub, & Separate Shower.

This home is currently in the pre-list stage and is not yet “available for sale” – but will be shortly! Make sure to sign up for our email alerts to stay updated – or call us and we’ll get you taken care of!

Want to know why it’s imporant that this home isn’t a Short Sale? Click the link to get An Overview of the Short Sale Process from the Buyer’s Perspective


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SOLD – $275,000 – Best Value in Hernando Beach Real Estate – 3 Story, 3 Bed, 2 Bath, on Cul-de-sac Double Lot with 215′ of Seawall & Incredible Gulf Views! Upgraded & Updated!

Even though this beautiful property is now SOLD – if you’re interested in similar properties, click our Custom MLS Search link and let us know! We’ll find more for you!

Property Info

3200 Spanish Bayonet Drive
Hernando Beach, FL 34607
Offered at $275,000

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# Bedrooms: 3
# Bathrooms: 2
SF Living Area: 1,924
Total Square Footage: 3,795
Subdivision: Hernando Beach Central
City: Hernando Beach
Property Type: Single Family 3 Story Stilt Home
Lot Size: .28 Acres
Year Built: 2001
Garage: 3+ Car
Pool: No
Waterfront: Yes Canal on 2 Sides, 215′ of Seawall, Indirect Gulf Access

Schools

West Side Elementary
Fox Chapel Middle
Central High

Property Appraiser & Tax Info

Property Appraiser Record
Satellite Map
Property Card
Tax Estimate at List Price – No Homestead
Tax Estimate at List Price – Homesteaded

Courtesy of: Tropic Shores Realty

Description:

This absolutely stunning home resides at 3200 Spanish Bayonet Drive in Hernando Beach, Florida. It was built in 2001, features 3 levels, and sits on a waterfront cul-de-sac .28 Acre lot bordered by water on 2 sides w/ 215′ of seawall.

3rd story master suite features a beautiful custom bath that must be seen to be appreciated as well as a huge walk-in closet & balcony with stunning views of the Gulf of Mexico.

Hardwood, tile, & carpet cover the floors throughout the home at 3200 Spanish Bayonet Drive.

All furniture is available in a separate bill of sale – Make an Offer!

The custom kitchen features Silestone Countertops and upgraded appliances and Cabinetry.

Enjoy the waterfront with balconies on 2nd & 3rd floor, incredible gulf-views & floating dock already in place.

3200 Spanish Bayonet Drive is THE best value in Hernando Beach – don’t let it get away from you! The best deals don’t last long!

This property is being offered as a short sale. All offers are subject to 3rd party lender approval. Call me at 352-397-5182 for details.


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Government Funds for Neighborhood Stabilization Coming to Hernando County

Are you tired of looking at that broken-down foreclosure across the street with the waist-high weeds and broken window?

You may not have to worry much longer!

Hernando County is now eligible for up to 5.6 Million Dollars in Federal Aid to help mitigate the foreclosure situation and repair/restore some of those broken homes.

 Government Funds for Neighborhood Stabilization Coming to Hernando County
Homes like this may be helped by these funds and
re-sold or rented to low-medium income families.

My understanding is this…Government gets up to 5.6 Mil to purchase homes that are in foreclosure and/or blighted (unliveable) in Hernando County. The government can then either rehab the homes and sell them, or tear them down and either rebuild the home or sell the dirt. 25% of the funds must be used specifically for low-medium income housing (families whose incomes do not exceed 50% of the median area income). The homes that are not re-sold will most likely be rented out.

The purpose of this program is to stem the tide of this declining market….but is it really going to help? I’m not 100% convinced…I definitely get the intent and it’s noble and good and whatnot…but let’s use an example to illustrate my thinking…

You own a home in Spring Hill…there are two homes on your street that have been foreclosed and are really in pretty bad shape. They’ve been for sale for a while, but nobody’s jumping on them…they’re too much work for a homeowner who has other options, and they’re just not priced low enough for an investor to make the move.

The government buys both houses, renovates them and makes them pretty again, and then re-sells them….here’s the problem… it takes time to renovate a house (I know, I’ve done 4 homes in the past 5-6 months). The market is declining at about 3% per month, and the government is not selling these to people who are paying above market-value for them…they’re going to put them out on the open market just like any other seller…and they’re going to compete for the same buyers (all of whom are looking for a smokin’ deal)…only…the government doesn’t have any money directly invested in the homes, and they aren’t required to necessarily turn a profit on them….so they have a different base to start from when they’re selling and competing with you for that buyer…that one buyer/month who is looking for a home like yours (and theirs)…they can lower their price easier than you can…and once they sell for less…they become the newest comp for you (twice over, because they initially bought at a discount because the house needed work).

So…the government buys at a discount, fixes up, and then sells at a discount or rents to low-income families…does that really help you? In some ways, yes…you no longer have to drive by that house and see it looking all broken…but…if you’re trying to sell at the same time…they’re not really lowering the inventory…they’re improving your competition, and going after your buyer.

That’s my concern…Two sides to every coin, I suppose. Only time will tell.

What are your thoughts?

For more information, please see the following:

US Department of Housing & Urban Development (HUD)
Florida Department of Community Affairs
article by Barbara Behrendt at The St. Pete Times
Press Release from Gov. Charlie Crist
Information Page from StableCommunities.Org

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