If you have the fever for getting into a waterfront home in Palm Coast, you may have already discovered that prices are rising rapidly.
So why is the home only $250,000? Because the elderly owners have moved closer to their families who live in Kentucky and California. Life is filled with enough drama without trying to renovate or care for a home 3,000 miles away.
If you can accept the home’s age and condition, there are some underlying benefits here that may trigger multiple offers.
Did you know Palm Coast has been ranked as the third most profitable city in the United States for home flippers?
That is why many of the homes that go on the market in this area get a quick redo that you
have to pay for. Typically, this consists of a make-ready job in which the house gets a fast paint job, inexpensive carpet (that is always beige) along with new light fixtures and appliances from HomeDepot. Then the house goes back on the market for $350,000. The best candidate
to purchase this home is the one that does not want to have to tear it out and start over. Remember, the price here is only $250,000.
The home at 6 Colony Court was built in 1986. It features 2,200 square feet of living space in a split floor plan with high ceilings, huge master suite and formal dining room and eat in kitchen. The outside living area is just as inviting with a large covered lanai and a freeform pool which is both screened and covered. The home is situated on a 10,000 square foot lot with 80 feet of bulkheaded waterfront on a navigable salt water canal with access to the Intracoastal Waterway.
Coming Soon
Because of an estate sale, the home will not be available for showings and offers will not be considered until September 4, 2013. However, if you are a ready-to-act buyer, call the seller’s agent Kendall Caputo, Real Living Real Estate (386) 986-7091, to schedule an appointment.
Serious inquiries only, please. This is not a casual asking price, and this is an “as is” sale. Given the lack of comparable homes for sale multiple offers are expected.
Real Living Real Estate is a network brand of HSF Affiliates LLC, which is majority owned by HomeServices of America, Inc., A Berkshire Hathaway affiliate.
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