December is the slowest month of the year for buyer traffic. While we are still in a shortage of inventory with a likely increase early in 2012….this lull has yielded some EXCELLENT Deals of the Week!
Deals Details Link: 02-Res Customer Synopsis
261 Doe Run
Located within walking distance to the super center of Winter Garden Village this area is high demand and rents out very quickly (est. $1600-1700/mo). The home itself has been upgraded by the previous owner; marble, travertine and wood flooring on the ground floor and up the stairs. Upstairs is laminate wood in the halls and carpeted bedrooms. Most bathrooms have also been tiled in natural stone and the general condition of the home is excellent. To top it off the estimated ROI is higher than almost every other single family home I’ve come across so far and the comparables suggest the home is worth at least 160-170K…but I think can be purchased for ~150K.
The catch? The bank selling this home is only accepting cash offers, no financing. Why? The home was previously under contract, but the previous buyers inspector noticed some discoloration around the air conditioning vents and said it was mold…which a later test by the seller confirmed slightly elevated levels in the home (I have a copy of the report and pictures of the vents in question). I have seen this before and last time it was an EXTREMELY MINOR fix that cost less than a few hundred dollars….but the mere mention of “mold” scares off many. This means OPPORTUNITY for the right buyer. Call me for details.
411 Winter Nellis
Also located walking distance to Winter Garden Village, this large end unit townhome feels like a single family home and offers a much higher than normal ROI at the current asking price. Estimated rental amount between $1250-$1300, the current asking price of this short sale is well below similar sales in the neighborhood, so expect it to go under contract QUICKLY.
1941 Stone Abbey
You just don’t find single family homes in “A” areas for this price very often. PLUS it is in great condition and backs to a conservation area! Across the street from the prestigious Stoney Brook East Golf Community in the 32828 Zip code. Close to Waterford Lakes Shopping, employers like University of Central Florida, Lockheed Martin, Siemens, the Technology Parkway, and a quick commute to the new Medical City of Lake Nona. An excellent find for an excellent price.
9998 Oak Quarry
Located in the Lake Nona “Medical City” area, this home is in the high end gated section of the La Vina Neighborhood. This particular home backs to the private lake in the neighborhood making it very unique and desirable for re-sell once the full medical city has been built and all the higher paying medical jobs come online. At its listing price however, it is well overpriced and what I consider a “low-ball special”. I would put a good investment value on this home of between $215-230K, with rents of between $1950-$2100 this home will yield lower/moderate but steady returns while holding for rental, with excellent potential for appreciation.
5553 Remsen Cay Ln
In the always in demand Summerport neighborhood, this home offers a great opportunity to take advantage of the selling bank’s mistake. This property is not just a 4 bed 2 bath 2440 square foot home; there is an entire upstairs bonus room and bathroom not reflected in the listing. Making this home truly a 4 bedroom, 3 bath, approximately 2800 square foot home. This size property in this condition would sell for between $215K-$220K today, so even at its current asking price it is a great deal….if an offer no competing offers are on the table though, a discount from that price may even be possible. Rents are between $1700-1800/mo.
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