Home for Sale at 2700 COVE CAY DRIVE, CLEARWATER, FL 33760

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2700 Cove Cay Drive
Clearwater, FL 33760

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Property Details

List Price:	$1,600
Beds:	2
Baths:	2
Status:	Active
SqFt:	1070
Agency:	Charles Rutenberg Realty, Inc

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Rental
Year Built:	1980
Notes:	2BR/2BA 1070 Square Foot unit located in the highly desired Village IV of the Cove Cay Complex. Move in with First month's Rent and Security Deposit ($ 500). The home has carpet in the living room/dining room area and in the hallways and bedrooms. Tile is located in the kitchen/dinette area and in the bathrooms. There is a large (6'x20') screened balcony/lanai that overlooks the Cove Cay Golf Course and also houses a utility/storage room with washer and dryer. Amenities included outside of the unit is a covered car port that is permanently assigned to this unit. Village IV has a pool and clubhouse available for use by residents and their guests. The pool is heated and a whirlpool is also located adjacent to the pool. The clubhouse is available to to residents to use for meetings board games or just to /come and sit and relax. There is a small library in the clubhouse for those who love to read. The Clubhouse can also be reserved by residents at no cost for special activities and seats 65 persons. Also, the HOA Office is located adjacent to the clubhouse which makes it very convenient to transact business. Beside Village IV, there is a restaurant that is part of the golf course and is available for lunch and dinner if you prefer not to cook. There are also boat slips and storage facilities on the Cove Cay property that you can rent. UNIT IS ALSO LISTED FOR SALE.
MlsNumber:	U8211718

Listing Provided By:	Charles Rutenberg Realty, Inc, original listing
Name:	Charles Rutenberg Realty, Inc
Phone:	(727) 538-9200
Office Name:	CHARLES RUTENBERG REALTY INC
Office Phone:	(727) 538-9200
Agent Name:	Raul Rivera, Jr.
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.

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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.

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.

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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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