Home for Sale at 12418 1ST Street West, Treasure Island, FL 33706

12418 1st Street West
Treasure Island, FL 33706

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Property Details

List Price:	$18,000
Beds:	3
Baths:	Full: 3
Status:	Active
SqFt:	1817 Square Feet
Agency:	NextHome Beach Time Realty

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Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1977
Notes:	If the beach calls to you, here is your opportunity to answer daily. Beginning July1st, 2024, this fabulous property may be your full-time beach home with heated pool and spa, no less! If you cannot manage full-time, just imagine having available to you at your slightest whim, this lovely beach retreat! LIFE REALLY IS BETTER AT THE BEACH! With three full bathrooms and three bedrooms located directly on the sand, there is room for you, your family and friends. And FYI: If you live at the beach, THEY WILL COME! But don’t worry! Your new home comfortably sleeps ten! Imagine your backyard BBQs around the (heated) pool with the vast expanse of beautiful white sand and stunning sunsets as your backdrop! On chilly nights, you know when it is in the 70’s, soak in the heated spa and enjoy the changing colors of the sky; the smell of the salt air; and the sound of the surf. It will NEVER get old! Located well set back from 1st St West on this deep lot, you and yours will be afforded the privacy that you would expect on this enviable multi-million-dollar row! The views from the 2nd floor balcony are stunning. Sunsets will become a nightly ritual that cannot help but relax your body and soul. It really is true! LIFE IS BETTER AT THE BEACH! The home comes fully furnished and turnkey for you and yours. Just bring your bathing suits and flip-flops. Everything else you need is already here. Well…. Almost everything. You might want to bring kayaks, bikes, and other sorts of beachfront fun! But all the essentials are already here. Warning: This lifestyle is addictive! But You & Yours deserve it! Pet friendly with caveats.
MlsNumber:	--

Listing Provided By:	NextHome Beach Time Realty, original listing
Phone:	(727) 542-6693
Office Phone:	(727) 363-3300
Agent Name:	Colleen McLachlan
Disclaimer:	Copyright © 2024 NextHome, 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