Home for Sale at 124 SPANISH MARSH DRIVE, SAINT AUGUSTINE, FL 32095

124 Spanish Marsh Drive
Saint Augustine, FL 32095

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Property Details

List Price:	$825,000
Beds:	3
Baths:	5
Status:	Pending
SqFt:	2654
Agency:	ROYAL HIGHLANDER REAL ESTATE

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	2007
Notes:	Under contract-accepting backup offers. Step into luxury! Arthur Rutenberg designed & built courtyard home is a rare find & located in the pristine, gated, golf course community of Palencia. This home is the quintessential entertaining home with 4 sliding pocket doors to courtyard patio/pool area on one side of the Great Room and 4 more sliding doors to private screened lanai on other side. Bedroom 2 has direct access to courtyard pool/patio area through double French doors. Casita guests also have direct access to courtyard patio/pool where you will be serving meals from the outdoor kitchen complete with sink. When looking for privacy, this home has custom plantation shutters covering doors & windows throughout. Custom kitchen with natural Cherry cabinets gives you an old world feel while the appliances and finishes are modern and up to date. Main Bedroom features his & her bathrooms with a shared shower entrance. Rest easy under concrete tile roof and concrete block construction. <br /> <br /> Luxury Vinyl Plank flooring in Great room, kitchen, dining, foyer and hallway.<br /> <br /> The finely appointed kitchen features glazed, natural Cherry raised panel cabinets with pull outs & dovetail drawers; tile backsplash with metallic inserts; under-cabinet lighting; granite island with power, storage cabinets & glass cookbook storage; breakfast bar, built-in pantry w/ full round lazy Susan; corner cabinets with full access panels; GE Profile wall oven, GE Profile wall installed microwave (2021) & GE profile cooktop; Bosch stainless steel refrigerator (2019) has Dutch doors and 2 pullout freezer drawers; KitchenAid dishwasher (2021); pullout trash bin; Sinkerator garbage disposal (2020); Delta Kitchen faucet (2023).<br /> <br /> Architectural features include rounded corner beads, numerous niches with custom ironworks, powder room with custom tile work and marble windowsills and bathroom countertops. Intercom system and music system keeps you mindful and relaxed. Custom paver driveway, patios and lanai. Natural gas appliances include outdoor grill, fireplace and Powervent (2020) hot water heater. Lenox HVAC (2017) with UV Air purifying system. Central vacuum system, water softener, Precision garage doors replaced in 2023, outdoor chandelier & carriage lights replaced (2021); courtyard ceiling fan (2021); Security system and wired smoke detectors. New electric pool pump (2023) and pool heater installed in 2021; Aquabot robotic pool cleaner (2023); Custom patio furniture cushions (2023). LG Television (2022) and Roku Television (2021); Custom polywood shutters over sliding & French doors (2022); Landscaping design and installation by Leonardo's Nursery (2020).<br /> <br /> Main Bedroom features his and her walk-in closets with built-in organizers, reading lights over bed, tray ceiling with trim work and lighting, bay window, planation shutters and ceiling fan. Shaw carpet was installed in 2020. Main bathrooms with separate sinks & water closets adjoin through shared shower with new doors (2020). One bathroom features jetted garden tub and vanity table. Other bathroom features linen closet. Designer grab bars installed 2021.<br /> <br /> Palencia is a natural gas, master planned community situated along the intracoastal waterway and features 30 acres of nature preserve, golf course with clubhouse for members, an abundance of resort style amenities, 20 miles of hiking & biking paths including boardwalk to intracoastal waterway. Location is convenient to restaurants and shopping and is 5 miles north of historic St Augustine. Bedroom Closet Type: Walk-in Closet (Primary Bedroom).
MlsNumber:	FC298011

Listing Provided By:	ROYAL HIGHLANDER REAL ESTATE, original listing
Name:	ROYAL HIGHLANDER REAL ESTATE
Phone:	(904) 509-8622
Office Name:	ROYAL HIGHLANDER REAL ESTATE
Office Phone:	(904) 509-8622
Agent Name:	ANITA MILLAR
Disclaimer:	Copyright Â© 2024 Pinellas Suncoast Association of REALTORS Â®, 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