Home for Sale at 572 PALERMO BOULEVARD, POINCIANA, FL 34759

572 Palermo Boulevard
Poinciana, FL 34759

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Property Details

List Price:	$615,000
Beds:	4
Baths:	3
Status:	Active
SqFt:	3111
Agency:	Borchini Realty PLC

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	2003
Notes:	Price Adjustment! MUST SEE! BARCELONA model with 4 BEDROOMS, 2 1/2 bathrooms, FULL 3 CAR GARAGE and 3,111 heated/cooled SF in the Bella Vista subdivision of Solivita. BREATHTAKING PANORAMIC views of the 12th hole of The Oaks GOLF COURSE & LARGE POND. 12' VOLUME CEILINGS in the Kitchen, Living, Dining & Florida Rooms with 9' 3" CEILINGS elsewhere. HVAC NEW in 2022. Barrel Tile Roof with LIGHTNING ARRESTORS. All FOUR BEDROOMS have NEW LUXURY VINYL PLANK FLOORING (7/23). Large CERAMIC TILE in Living, Dining & Florida Rooms, Bathrooms & Laundry Room. NO Carpet anywhere. The entire interior of the home was painted (7/23) from the ceilings to the walls, baseboards and doors. DOUBLE PANE WINDOWS throughout. Recessed Lights in the Living, Dining & Florida Rooms, Kitchen, Primary Suite & Second Bedroom with CEILING fans in the Florida Room, all bedrooms and lanai. Front entryway has FRENCH DOORS with BEVELED Glass Inserts. The kitchen was REMODELED in July & August 2023 with NEW White Shaker Style CABINETS w/ black hardware, 42" Upper Cabinets, SOFT CLOSE Drawers & DOORS, NEW GRANITE COUNTERS, NEW SAMSUNG BLACK STAINLESS STEEL REFRIGERATOR & DISHWASHER and New UNDERMOUNT Sink w/ Moen Faucet. The kitchen also features a PROPANE GASS STOVE, a Exhaust Vent and a pantry with CLOSET ORGANIZER. LOOK DIRECTLY from the Florida Room, Kitchen & Primary Suite to the GOLF COURSE & POND. Primary Suite features a TRAY ceiling, TWO WALK IN CLOSETS w/ California type Closet systems and French Doors that lead to the spacious Lanai. Primary Bathroom boasts NEW RAISED VANITIES w/GRANITE counters & Moen Faucets and a NEW TILE SHOWER with SEAMLESS GLASS. ALL BEDROOMS have CLOSET ORGANIZERS. Laundry Room features a Washer and Dry with a washbasin & Cabinets above. UNDER ROOF SCREENED LANAI with SKYLIGHTS offers STUNNING VIEWS facing South across to the GOLF COURSE and POND. The FULL 3 CAR GARAGE floor was painted in 9/23 and garage has many closets for storage that will remain with the home. Exterior of the home was painted in 2018.<br /> <br /> ** Solivita is an active adult 55+ community located in Poinciana, Florida. It is approximately 50 minutes from Disney World and the Orlando International Airport. There are over 5,200 homes that have been built & 7,000+ residents live in Solivita. Enjoy your active years in this piece of paradise we call Solivita. Solivita's amenities include: * - a manicured SOFTBALL diamond & field - 36 holes of CHAMPIONSHIP GOLF that can be played by joining the Stonegate Golf Club or paying as you go - 2 STATE of the Art AMENITY centers with updated exercise equipment, yoga studio & meeting rooms - 3 restaurants - 14 HEATED POOLS - 17 PICKLEBALL courts - 9 TENNIS courts - 4 BOCCE BALL courts - 4 SHUFFLEBOARD courts - 3 HORSESHOE pits - a BILLIARDS room - miles of bike paths - 2 DOG PARKS (Small & Large Dogs) - Corn Hole - Tot Lot PLAYGROUND - COMMUNITY GARDEN - over 250 resident clubs. The HOA: * - maintains the LANDSCAPING and IRRIGATION systems in the common areas as well as at individual homesites - Maintains the roads throughout the community - PROVIDES SECURITY with gate guards and mobile patrols including the Polk County Sheriff - allows AUTOMATED GATE ACCESS for residents via license plate readers - provides residents with EXPANDED CABLE TV service. Make this your home today!<br /> Land, Site, and Tax Information
MlsNumber:	S5092608

Listing Provided By:	Borchini Realty PLC, original listing
Name:	Borchini Realty PLC
Phone:	(407) 791-1789
Office Name:	BORCHINI REALTY
Office Phone:	(407) 791-1789
Agent Name:	Charles Paul Borchini
Disclaimer:	Copyright Â© 2024 Stellar MLS. 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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HUD Foreclosures

Foreclosure Listings Increasing