One of a kind home with a 1 acre lot in St. Cloud near Chisholm Park! Home offers 3 large bedrooms and 2.5 bathrooms plus an office with built-in desk and storage. Unique floor plan features a courtyard area as the center piece of this home surrounded by a large great room including a family room and dining area, custom kitchen with lots of cabinet and counter space, plus additional dining area and living room with fireplace. Ceramic tile throughout the main house, carpeted bedrooms, custom stone veneer in kitchen area and real wood plank paneling on walls and ceiling in the living room. Large 1 acre lot offers lots of space for the dog along with playground area for the kids. Located just off Narcoossee near Chisholm Park with access to East Lake Toho.

Square Feet:2,256
Interior Layout: Breakfast Room Separate, Formal Dining Room Sep, Formal Living Room Separate, Split Bedroom
Additional Rooms: Den/Library/Office, Family Room, Inside Utility
Heating & Fuel: Central , Fuel – Electric
Air Conditioning: Central
Floor Covering: Ceramic Tile , Carpet
Garage/Carport: Attached 2 Car Garage
Elementary School: Narcoosee Community
Middle or Junior School: Narcoossee Community (K-8)
High School: Harmony High
Application Fee:$65.00 Per Person
Pets Allowed: Y
Pet Fee:$250.00
Security Deposit:$1,650.00
Min. Days Leased: 365
Lease Paid: Monthly
Date Available: 01/05/11
Lease Terms:Annual
Smoking: No
Unfurnished

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For more info, or to rent this property, please contact:
JOEY GUEST
FUSILIER REALTY GROUP
C) 407-949-7071
O) 407-281-8455
email) joeyguest@hotmail.com

A nice listing came up the other day in Nona Crest, so I called some of my clients immediately to let them know…nice water view pool home being sold “REO,” or “Real Estate Owned” by the bank. These homes are priced way below market in order to attract multiple buyers and are a commodity in today’s market because they can be closed quickly (30-45 days) which is very helpful for those buyers trying to capitalize on the first time home buyer’s tax credit. Well…we were there to view the home within hours of it hitting the market. I had to pinch myself as I pulled up to the property…there were 3 families ahead of us to tour the home. We had to wait in line! Just a week prior we had submitted an offer substantially over asking price in the same neighborhood and found we were competing with 15 other buyers! Wow.

On a national scale, home sales rose 46% in the last 30 days. The first time homebuyer tax credit is likely largely responsible, however, I believe the buying trend will continue here in Lake Nona at least through the summer, credit or no credit.

Here are the most recent numbers:

There are currently just 211 single family homes for sale in zip codes 32832, 32827 just eliminating the western portion on 32827 that is not in the Lake Nona High School district. They range in price between $80,000 to as much as $5,895,000. This is over 50% less inventory than one year ago.

There are currently 155 homes under contract. Of these, 110 are short sales with extended contract times which significantly skews this figure. That leaves 45+ homes under contract that are NOT short sales and more likely to close within 30 days. However, this shows buyer activity in the area is WAY up! The asking price at the time these homes went under contract ranged from $100,000 to $4,495,000.

In the last 30 days, 28 homes have sold. I imagine that number to be significantly higher next month as well as June until the tax credit expires. Sold homes range in price from $149,900 to $1,225,000. The most interesting figure to me is that of the 28 homes that sold, 17 sold for asking price or over asking price! If this continues (note the word, “IF”), home prices may begin inching back up. Buyers need to act quickly, even if after the tax credit expires, to take advantage of still low interest rates and pricing at the bottom or possibly just up from the bottom. My advice is to find out the market value of the home based on SOLD statistics and offer accordingly. Offers under market are easily beat out and frustrating for buyers needing a home for their family and wanting to make an investment at the bottom of the market. The longer the delay, the more likely prices and interest rates will continue to rise.

Sellers still need to price their home competitively and stage it to look its best…but be encouraged! Your home is in demand!

In summary, we seem to be moving back, however slowly, toward a more balanced market. I find myself wishing there were more homes to sell to meet the demands of all eager those buyers!!

Dramatic two story entryway and grand staircase welcomes you into this custom built 4,446 sq/ft home. Featuring 5 bedrooms, 3 bathrooms and nestled on 5 acres of gorgeous property. Exceptionally built and loaded with upgrades such as double pane windows, radiant barrier in attic, 3/4 inch cherry wood flooring, travertine tile, a gourmet kitchen with 42 inch hickory cabinets and granite counter tops, custom draperies throughout, upgraded designer light fixtures and the list goes on! The home also features a large bonus room/open space upstairs, a den/office with separate stairway, private entertainment/game room with bar, and a craft room. In addition, a separate entrance leads to a custom designed theater room with all the bells and whistles which can also be easily converted to an in-law suite or apartment. Exterior features boast a large detached workshop with electricity and serene views of true Florida living. Conveniently located and only minutes from booming Lake Nona, including the future UCF Medical College, Nemours Children’s Hospital, Burnham Institute,VA Hospital. Easy access to major roadways including 528,417 and Turnpike and Orlando International Airport. This home is a must see !

For more info, contact:
Steve Fusilier and Company, Inc.
Monica Ferraro
(407) 222-3488
MonicaMFerraro@mac.com

Those affected by foreclosure may see some relief as courts statewide have been ordered to expedite and mediate for those losing their home.

The Florida Supreme Court ordered local judges this week to adopt a uniform mediation program to help pare down nearly 450,000 current foreclosure cases clogging the state’s courtrooms.

According to Clerk of Courts Bob Germaine, Highlands County currently has 1,502 homes in the system pending foreclosure, with a few more waiting to be filed.

Germaine said that the county currently has five Supreme Court approved mediators, but he does not see the change making a difference in the judge’s docket, nor in the amount of cases filed.

“If we see a 10 percent reduction in a judge’s time, I will be surprised. The case still has to be filed, and by the time it gets to the courts, our local banks have already tried what they could to work out a solution,” Germaine said.

After the homes are foreclosed, then they are sold at a sheriff’s sale, but even at a discount, they are not moving.

“No one is showing up for the sales, and the banks are taking them back right now,” Germaine said.

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Orlando’s apartment market is expected to further erode for the remainder of the year as “a weak economy stifles household formation and rental housing demand,” according to a quarterly report released recently by Marcus and Millichap.

The firm’s Apartment Research Market Update noted the opening of University of Central Florida’s medical school during the third quarter, stating that it has not averted a rise in vacancies but is expected to help diversify the economy and fuel growth.

Construction and permits continued to ease during the quarter, likely increasing demand with fewer new projects coming on line.

Rents have dropped, the report stated, although rental decreases may lessen with a stabilization of the economy in coming months.

Multifamily housing in Orlando’s northwest sector appears to be struggling with rents dropping more than 5 percent in the last year to an effective monthly rated of $616. Meanwhile the area’s vacancy rate was about 15 percent — the highest overall for Central Florida.

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Our real estate company has built a site to help assist buyers with finding a property in this exclusive neighborhood, and went live yesterday. Make sure you take a look.

Lake Nona area located in Orlando, Florida just 10 minutes from the Orlando International Airport is gearing up to become the new “Medical City”. This area will have a great positive impact to area bring educational opportunity, the need for lots of housing, and many jobs.

Here is the latest schedule and progress for the area:

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Free popcorn and soft drinks, too. Could’ve picked a better movie, but little kids seemed to like this when it came out. Not as much as Beverly Hills Chihuahua, but…

On Saturday, June 13th Lake Nona and DiVosta Homes will host a community movie night at the award-winning VillageWalk Town Center. The free outdoor movie is open to the public and will feature the hit family movie, Hotel for Dogs. The show will begin at dusk, approximately 7:30pm, and guests are encouraged to bring blankets and lawn chairs for a picnic under the stars. Popcorn and soft drinks will be complimentary.

Ekday Realty is a full-service real estate company servicing Orlando and the surrounding areas, including: Saint Cloud, Kissimmee, Narcoossee, Lake Nona, Windermere, Dr. Phillips, Altamonte, Celebration, and all the small towns in between.

You have a ton of choices when choosing a Realtor or real estate company in Orlando, but you might as well go with the company that will take care of your needs every step of the way. It’s impossible for us to put our level of commitment to you in writing, so feel free to call us to discuss how we can help you find your dream home in Orlando!
Call Us Today 407-602-7722

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