February 2017 Harbor Hills Update

Here’s what’s happening in Harbor Hills on February 20, 2017:
39 homes are currently for sale on the Multiple Listing Service. The lowest priced is a 3 bedroom, 2 bath home with 1,730 square feet priced at $177,900. The highest priced is a 4 bedroom, 4 bath home with 3,224 square feet priced at $667,711 built in 2013. 10 homes are pending. Two homes sold through the MLS in the last 30 days:
A single family home of 1,895 square feet with a pool — sold for $235,000.
A single family home with 2,221 square feet–sold for $225,000.

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November 2016 Update

Here’s what’s happening in Harbor Hills:  47 homes are currently for sale on the Multiple Listing Service.  The lowest priced is a 3 bedroom, 2 bath home with 1,553 square feet priced at $176,500.  The highest priced is a 3 bedroom, 3 bath home with 3,223 square feet priced at $595,000 with a pool and boat dock.  5 homes are pending.  Four homes sold through the MLS in the last 30 days:

A single family Foreclosed home of 1,798 square feet — sold for $172,000.

Two single family homes (Normal sales) — sold for $260,000 each.

A single family Short Sale home with 2,300 square feet–sold for $370,000.

Happy Thanksgiving to you and your Family!

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October 2016 Harbor Hills Update

Here’s what’s happening in Harbor Hills:  46 homes are currently for sale on the Multiple Listing Service.  The lowest priced is a 3 bedroom, 2 bath home with 1,635 square feet priced at $189,900.  The highest priced is a 3 bedroom, 3 bath home with 3,223 square feet priced at $595,000 with a pool and boat dock.  6 homes are pending.  Three homes sold through the MLS in the last 30 days:

A Villa of 2,028 square feet– sold for $275,000.

A single family home with pool and 2,109 square feet– sold for $195,000.

A New Construction single family home with 2,531 square feet –sold for $460,854.

 

Happy Halloween….halloween1

If you would like more details on any of the homes in Harbor Hills, please feel free to contact me through this website or by calling me at 352-751-5189.

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September 2016 News

Harbor Hills Homes in Lady Lake, September News:  46 homes are currently for sale on the Multiple Listing Service.  The lowest priced is a 2 bedroom, 2 bath home with 1,500 square feet priced at $164,900.  The highest priced is a 3 bedroom, 3 bath home with 3,223 square feet priced at $595,000 with a pool and boat dock.  5 homes are pending.  Since July 13th, 9 homes have sold.  The lowest priced home sold was a 1,560 square foot home with 2 bedrooms and 2 baths for $167,000.  The highest priced home sold was a 3 bedroom, 3 bath home with 2,689 square feet for $309,000.

If you would like more details on any of the homes in Harbor Hills, please feel free to contact me through this website or by calling me at 352-751-5189.

 

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June 2016 Harbor Hills Update

Here’s what’s happening in June of 2016 in Harbor Hills:
46 homes are currently for sale on the Multiple Listing Service in June 2016.
The lowest priced is a 2 bedroom, 2 bath home with 1,560 square feet priced at $169,900.
The highest priced is a 3 bedroom, 3 bath home with 3,223 square feet priced at $695,000 with a pool and boat dock.

Click here to see my newest listings in Harbor Hills….

7 homes are pending.

3 homes sold through the MLS in the last 30 days. All were “regular sales”. 2 homes sold for $215,000 and 1 home sold for $350,000 and had 4 bedrooms, 3 baths and 2613 sq ft.

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5 home fixes not worth it at resale

5 home fixes not worth it at resale

 WASHINGTON – March 23, 2016 – Bathroom remodels and additions may offer some of the fewest paybacks at resale, at least when compared to 20 other popular projects.

The National Association of Realtors®and the National Association of the Remodeling Industry released a report showing some of the home renovation projects that offer the biggest and smallest returns when selling a home.

The report found that installing a new roof and refinishing hardwood floors was worth every penny of the cost at resale. But which of the 20 projects evaluated offered the smallest percentage back when homeowners went to sell their home?

Bathroom addition
Average cost: $50,000
Recouped at resale: 52%

Master suite addition
Average cost: $112,500
Recouped at resale: 53%

Closet renovation
Average cost: $3,500
Recouped at resale: 57%

Bathroom renovation
Average cost: $26,000
Recouped at resale: 58%

New wood-frame windows
Average cost: $26,000
Recouped at resale: 58%

Source: “6 Worst Fixes for the Money,” Bankrate.com (March 2016)

© Copyright 2016 INFORMATION, INC. Bethesda, MD (301) 215-4688

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Jan. 2016 – 2015 Review of Real Estate

Below is the 2015 REVIEW of Real Estate in Harbor Hills in Lady Lake, Florida.

It shows the 48 homes sold last year and a list of the 37 homes that are listed right now in Harbor Hills through the Multiple Listing Service. If you would like more information on a specific property or have any questions, please let me know.

 

  • The first page shows homes sold in Harbor Hills in 2015
  • This page shows the current homes for sale in Harbor Hills

 

The Real Estate market is always changing and I would be happy to assist you with any questions……

 

 

 

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Nice Home? Needs Update? 203K Loans..

Love a Home you just saw, but don’t want to pay for renovations from your savings? An FHA 203K Loan could be the answer. See the information below from Zillow….
http://www.zillow.com/mortgage-learning/fha-203k/

Getting a Mortgage Loan for a Fixer-Upper: A Primer on FHA 203k Loans
The idea of buying a fixer-upper and turning it into your dream abode can seem so perfect — every nook and cranny just to your specifications! The reality, however, can be harsh. When you realize how much it will cost to remodel, you often also realize that you can’t afford it. Or you find out that a lender won’t give you a loan because the home is considered “uninhabitable” as it is. That’s where an FHA 203k loan comes in.
An FHA 203k loan is a loan backed by the federal government and given to buyers who want to buy a damaged or older home and do repairs on it. Here’s how it works: Let’s say you want to buy a home that needs a brand-new bathroom and kitchen. An FHA 203k lender would then give you the money to buy (or refinance) the house plus the money to do the necessary renovations to the kitchen and bathroom.
Often the loan will also include: 1) an up to 20 percent “contingency reserve” so that you will have the funds to complete the remodel in the event it ends up costing more than the estimates suggested and/or 2) a provision that gives you up to about six months of mortgage payments so you can live elsewhere while you’re remodeling, but still pay the mortgage payments on the new home.
Which Repairs Qualify?
There are two main types of FHA 203k mortgage loans. The first is the regular 203k, which is given for properties that need structural repairs such as a new roof or a room addition; the second is the streamlined 203k, which is given for non-structural repairs such as painting and new appliances.
Among the other repairs that an FHA 203k will cover: decks, patios, bathroom and kitchen remodels, flooring, plumbing, new siding, additions to the home such as a second story, and heating and air conditioning systems. The program will not cover so-called “luxury” improvements such as adding a tennis court or pool to the property.
How Much Money Can You Get?
The maximum amount of money a lender will give you under an FHA 203k depends on the type of loan you get (regular vs. streamlined). With a regular FHA 203k, the maximum amount you can get is the lesser of these two amounts: 1) the as-is value of the property plus repair costs, or 2) 110 percent of the estimated value of the property once you do the repairs. With a streamlined loan, you can get a loan for the purchase price of the home plus up to $35,000. To determine the as-is value of the property or the estimated value of the property post-repair, you may need to have an appraisal done. You will be required to put down 3.5 percent, but the money can come from a family member, employer or charitable organization.
What Kinds of Properties Qualify?
Qualifying homes include: a one- to four-family home that has been completed for a least a year; a home that has been torn down, provided that some of the existing foundation is still in place; a home that you want to move to a new location. The home cannot be a co-op, but some condos are eligible.
Your property will also have to qualify under the usual FHA requirements. For example, its value cannot exceed a certain maximum amount, which depends on where you live.
What Are the Pros and Cons of These Loans?
The main benefit of these loans is that they give you the ability to buy a home in need of repairs that you might not otherwise have been able to afford to buy. Plus, the down payment requirements are minimal, and often you get decent interest rates (note that the interest rates and discount points will vary by 203k lender, so it’s important to make sure that you’re getting a good deal on the loan).
The downsides are that not all properties qualify, there are limits on the funding you can get and applying for the loan isn’t easy. For example, to apply for the loan you may need to hire an independent consultant to prepare the exhibits required (to get the loan, you have to provide a detailed proposal of the work you want to do and cost estimates for each item).

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November 2015 Real Estate Update

Here’s what’s happening in Harbor Hills: 45 homes are currently for sale on the Multiple Listing Service. The lowest priced is a 2 bedroom, 2 bath home with 1,500 square feet priced at $139,900. The highest priced is a 4 bedroom, 4 bath home with 4,063 square feet priced at $647,800. Six homes sold in the last 30 days. The lowest priced home was a 2 bedroom, 2 bath, with 1,552 square feet that sold for $133,500. The most expensive was a 3 bedroom, 2 bath home with 2,325 square feet that sold for $265,000.

I want to wish you and your families a Happy Thanksgiving. And to thank you for your warm friendship and support of my business!

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May 2015 Real Estate Update

Here is our May 2015 real estate update in Harbor Hills: 40 homes are currently for sale on the Multiple Listing Service. The lowest priced is a 2 bedroom, 2 bath home with 1,500 square feet priced at $144,900. The highest priced is a 4 bedroom, 3 bath home with 3,269 square feet and a pool priced at $549,900. Four homes sold in the last 30 days. The lowest priced home was a 2 bedroom, 2 bath ,1,228 square feet that sold for $121,500. The most expensive was a 3 bedroom, 3 1/2 bath home with 2,984 square feet newly constructed pool home for $534,022.

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