MANY deals to talk about this week. Unfortunately there would have been even more, but homes today have been selling sometimes within hours of being put on the market. Prices are definitely rising in these areas with many selling prices being 5-20% above asking prices if underpriced, and even selling for up to 5% over estimated values! The numbers still work out though to buy and hold these homes as rentals while still making a good positive cash flow, but be prepared to move FAST and be competitive! Especially in the $0-200K price range. *Starred* homes are likely to be my favorite deals and/or the ones most likely to sell within a day or two.
*12707 Somerset Oaks asking 99k - 02-Res Customer Synopsis
This townhome located walking distance to the Waterford Lakes Shopping super center has always proven to be a great rental area with nice townhomes for a great price. Not many sales in here recently meaning the listing agent priced it at a 6-12 month ago level, this one is going to sell QUICK. Corner unit, with tile flooring downstairs and granite counters. The house needs an exterminator, good cleaning, carpet replacement, Garage door Repair and light touch up paint to make an A+ rental. Additional pictures Available
*9833 Oak Crest asking 125k - 02-Res Customer Synopsis
Great Single homes at this price simply don’t come up for these prices anymore. Smaller at ~1500 square feet, this lee vista area home backs to conservation, has a private fence, tile flooring, and vaulted ceilings. Only needs carpet in the bedrooms and this house could be rented next week. Highly recommended! Additional pictures Available
*248 Winter Nellis asking 120K - 02-Res Customer Synopsis
In one of my favorite townhome communities in Winter Garden, this larger than normal 2 car garage townhome also backs to a rare conservation lot, and has proven to be an A++ rental area. Only needing minor handyman work and appliances to make rentable, this home has a very high ROI.
*9663 Fenrose Terrace asking 135K - 02-Res Customer Synopsis
One of my Favorite neighborhoods in the Lake Nona area of Northlake Park, this townhome has a great view of the pond and park from it’s front porch. Excellent condition as well with upgraded cabinets, counters, laminate and tile flooring, all with an open floorplan. Additional pictures Available
13858 Phoenix asking 147K - 02-Res Customer Synopsis
SPEEDY! This townhome I thought was Way overpriced, I went out to see today, and was it a great looking home. It was a flip bought only 3 months ago for ~100K as a short sale in need of work, with just cosmetic upgrades done. To my immense surprise, when I got back, I found this home had gone under contract! If this ends up closing close to the asking price it would represent a ~20K increase in current values…..and still would provide a small return while renting. (will be writing more about this seeming trend later)
On to some Higher end Deals that provide moderate positive cash flow, and EXCELLENT appreciation potential. In the >200K range homes don’t sell as quick, but still within a few days when priced right.
12648 Cragside asking 193K- 02-Res Customer Synopsis
A great Windermere property that may have some negotiation room in its price. This home only needs appliances to be move-in ready in one of the fastest renting and sales neighborhoods in Central Florida. Newly Carpeted and Newly Painted, this bank owned home is ready to close ASAP. Additional pictures Available
1901 Kodsi Ct asking 250K - 02-Res Customer Synopsis
PREMIUM home in Winter Garden this Open Home has an extended lot with conservation and cul-de-sac to view from the front porch, a pond to the left, and hill to the rear. Inside is expansive living area’s with up to 20 foot ceilings, tile and carpeted flooring, and kitchen with granite counters, upgraded appliances and cabinets that opens to the living room. A pre-approved short sale in one of the best neighborhoods in Winter Garden. Additional pictures Available.
*6225 River Fruit asking 269K - 02-Res Customer Synopsis
One of the Nicest homes in the Summerport area with premium lot, upgrades and features. From the front porch of this home you can view a neighborhood open area/park with gazebo and private road. To the rear a conservation lot for privacy and beauty, a boat launch onto Lake Speer, and all in the gated community of Eden Isle, the third entrance to Summerport.
Inside it doesn’t stop, with premium real wood flooring, premium chair railing throughout the formal area’s and office, stone and tile flooring in the wet area’s and living room with 2 story ceilings and windows all the way up to provide lots of natural light. All with an open view from the kitchen and a downstairs master bedroom. A NORMAL sale, this home won’t need anything at all to be move-in ready. Negotiate the price a bit and this home will prove to be an amazing return in the short and long term. HIGHLY recommended and additional pictures available.
9445 Candice asking 185K- 02-Res Customer Synopsis
Not my favorite neighborhood in the La Vina neighborhoods but still nice with great location in Lake Nona. In good condition generally with mostly tile downstairs and the carpeting in the home being in good condition, only needing a steam clean. The interior walls however were very individualized and would likely need to be completely repainted a more neutral tone. The home backed to conservation, though there were not many upgrades inside. Additional pictures Available
9625 Moss Rose asking 189K – 02-Res Customer Synopsis
In east park neighborhood, this bank owned home was in good condition, Only needing ceiling fans, a refrigerator, washer/dryer, and blinds. The home looked to have new carpets, laminate flooring in the wet areas, tall cabinets, and an open backyard. Not to upgraded but nicely done large home for a great price in the Lake Nona area. Additional pictures Available
9738 Lake District asking 199k - 02-Res Customer Synopsis
Only on the market a day, this short sale already has offers (like all of the other homes likely as well) but the agent will be holding offers open until Sunday at 4pm. This one needed a bit of work, but must cosmetic things. A very good cleaning, new carpet, washer/dryer, ceiling fans, a few walls painted. Other than that the home has potential with laminate wood floors, upgraded cabinets, and back porch. Additional pictures Available
9818 Lake District asking 210k - 02-Res Customer Synopsis
Just on the market today, this pool home looks great with laminate wood flooring, open floor plan, and great shape. Home likely just needs a few rooms re-carpeted, and maybe paint over the faux paint in the kitchen (though may want to leave it). I usually don’t recommend pool homes, but this one has great potential for resale down the road. Additional pictures Available
Your Orlando Home Expert
Direct: 407-222-7281
GregMTraub@gmail.com
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