Home for Sale at Sr-105 Km 30 SECTOR ORAMAS BO BUCARABONES, MARICAO, PR 00606

Sr-105 Km 30 Sector Oramas Bo Bucarabones
Maricao, PR 00606

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Property Details

List Price:	$335,000
Beds:	4
Baths:	3
Status:	Active
SqFt:	1300
Agency:	Eddie Realty & Associates

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Description/Comments

Lot Size:	24 acre(s)
Property Type:	Residential
Year Built:	1990
Notes:	Short Sale. Property of 24 acres , Approximately 93,881 square meters. Two residential units in separate locations. Location coordinates are (18.182466 , -66.95677 ) in the State Road SR-105 Kilometer 30.7. Bucarabones ward in Maricao Puerto Rico 00606. Property Tax ID # 262-000-004-40 . History of years ago the farm was named FINCA AURORA. Next to the river and close to Salto Curet Waterfalls. The first main house has 4 bedrooms and 3 bathrooms, kitchen, dining, living, 2 carport garage, balconies to view to the river, laundry room, septic tank system, in front of the SR-105 km 30.7. The second house has 3 bedrooms and 1 bath, kitchen, dining, living and is to the opposite side crossing the river to the other street access. Bridge near by the location of the two main houses. Soil Zone Code is SUELO RUSTICO ESPECIAL PROTEGIDO - AGRICOLA - SREP-A , NO FLOOD ZONE CODE ( ZONE X ) , All is for sale together in the same asking price of $325,000.00. Potential for many uses like residential, agricultural and touristic. Included in the sale is a huge structure with steel and aluminum for storage near the second house. In order to schedule a showing client or broker must provide evidence of proof of funds prior to showing appointment. (No same day showings are accepted). For financing options maybe USDA Farm Loans or Conventional or Business type loans. Text, call or whats app in order to schedule a phone interview prior to showing arrangements. Thanks .
MlsNumber:	PR9106814

Listing Provided By:	Eddie Realty & Associates, original listing
Name:	Eddie Realty & Associates
Phone:	(787) 307-6673
Office Name:	EDDIE NIEVES SANTIAGO
Office Phone:	(787) 307-6673
Agent Name:	Eddie Nieves Santiago
Disclaimer:	Copyright Â© 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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