Home for Sale at 507 W HILDA STREET, TAMPA, FL 33603

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507 W Hilda Street
Tampa, FL 33603

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Property Details

List Price:	$2,250
Beds:	2
Baths:	1
Status:	Active
SqFt:	772
Agency:	eXp Realty LLC

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Description/Comments

Lot Size:	--
Property Type:	Rental
Year Built:	1952
Notes:	Nestled in the charming neighborhood of South Seminole Heights, this bungalow is a true gem, exuding both charm and modern comfort. Boasting 2 bedrooms and 1 bathroom, this home has been thoughtfully updated with all-new light fixtures and fans, creating a bright and inviting atmosphere throughout.<br /> <br /> Step into the heart of the home, the newly renovated kitchen, featuring stainless steel appliances, crisp refinished cabinets, and a beautiful island perfect for hosting gatherings. The bathroom is a designer's delight, showcasing new fixtures, a stylish tile bath surround, and classic basket weave floor tile, adding a touch of elegance to everyday living.<br /> <br /> Inside, vinyl plank flooring adds a contemporary touch, while the inside utility area adds convenience to daily tasks. Outside, the back deck offers a peaceful retreat overlooking the expansive yard, ideal for gardening or outdoor entertainment. Additionally, a detached studio provides extra space and potential rental income.<br /> <br /> Located in a vibrant community, this property offers a unique blend of culture and convenience. With easy access to key Tampa attractions like Amalie Arena, Raymond James Stadium, and Armature Works, you're seamlessly connected to the city's vibrant pulse.<br /> <br /> Whether you're seeking a cozy home with space for guests or an investment opportunity with rental potential, this South Seminole Heights Bungalow checks all the boxes for a comfortable and stylish living experience. Don't miss your chance to make this charming property your own!<br /> <br /> <br /> Studio isus is not included, it's going to be rented to a second family
MlsNumber:	T3524404

Listing Provided By:	eXp Realty LLC, original listing
Name:	eXp Realty LLC
Phone:	(888) 883-8509
Office Name:	EXP REALTY LLC
Office Phone:	(888) 883-8509
Agent Name:	Stephany Arana
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.

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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