January started the year off with a bang. Although the market is still sluggish, deals are closing. In fact our office had 19 closings in January. Many, but not all of these, were foreclosures, short sales, and bank owned deals. Here is a sampling of some of the properties our Realtors sold last month.
1700 Billie Lynn Point 2007 Winslow Drive 329 Drake Elm Drive
1. 1700 Billie Lynn Point, Sanford, FL 32773. 4 bed / 2 bath / 3-car garage home in a gated neighborhood. This was one of my favorite foreclosure houses that I have sold in a while. Most bank owned REO properties need a little bit of work. This house was in perfect condition with a spacious kitchen, big corner lot, and brick pavers in the driveway. The prior owners left the house cleaner than some of my tenants do. They left behind all the beautiful appliances and even the garage door remotes. Tax assessed at $292,010 and sold for a mere $200,000 - our first closing of 2009. Yea!
2. 2007 Winslow Drive, Orlando, FL 32812. 3 bed / 2 bath / 1-car garage house in the Conway area. This was a short sale deal. Unlike many short sales this one went quick with only 52 days from contract to closing. Tax assessed at $160,515 and sold for just $119,000.
3. 33 Poinsettia Drive, Deland, FL 32724. 3 bed / 2 bath / 2-car garage house on a big lot just like everybody wants. This one was also a bank owned REO house. Tax assessed at $170,764 but sold for only $98,000. You can't beat that.
4. 329 Drake Elm Drive, Kissimmee, FL 34743. Another 3 bed / 2 bath / 2-car garage home. This one is in BuenaVentura Lakes near Kissimmee. This was a foreclosure deal owned by a bank REO department. We represented the buyer on this transaction. It was tax assessed for $212,400 and sold at the top of the market for 230K. Our buyer got it for just $114,900.
5. 1940 Lavon Street, Lakeland, FL 33805. 2 bed / 1 bath in average condition. This just goes to prove how cheap you can get some of these deals. We negotiated this deal out in December but it dragged on into January because of the REO seller. Tax assessed at $68,715. It sold for $59,900 back in 2006. Our investor / buyer got it for get this ... $17,000. You don't think that will positive cash flow as a rental property?? What a deal!
My point with this whole post is to let you know that deals are being made every single month. I've already had one property go into a multiple offer situation. Ain't it great? Whether you are looking for a REO foreclosure, a short sale, or just a great cheapo deal, please give myself or one of the agents at Sand Dollar Realty Group a call. Let's make 2009 a great year!
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Rob Arnold - Your full service and investor friendly Realtor ® in Orlando and Central Florida.
ABR, CPL, CRB, CSP, GRI, Managing real estate broker, Notary Public
407-389-7318 / 1-877-389-7318 www.SDRhouses.com We Buy Houses Florida
We sell foreclosures, short sales, and bank owned REO properties throughout Central Florida. We sell and list Central Florida real estate and Orlando real estate. Free list of foreclosure and short sale houses available.
I also provide flat fee MLS listings, For Sale By Owner, and menu-based services in most parts of Central & South Florida, the Space Coast, and the Treasure Coast including Orlando, Winter Park, Maitland, Ocoee, Winter Garden, Apopka, Altamonte Springs, Casselberry, Longwood, Winter Springs, Oviedo, Lake Mary, Sanford, Deltona, Debary, Deland, Mount Dora, Eustis, Clermont, Kissimmee, Winter Haven, Lakeland, Tampa, Sarasota, Bradenton, Miami-Dade, Fort Lauderdale, West Palm Beach, Port Saint Lucie, Melbourne, Daytona Beach, Ocala, Gainesville, Volusia, Brevard, and more.
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