Historic Side Neighborhood revitalization Confirmed
 

My review of recent property sales shows:

918 Cindy Drive
723 Sharon Drive
1112 Dustin Drive
1717 Myrtle Beach Drive

All properties now owned by Villages of Lake Sumter Inc

Good job! They were all closed on 6 -11 and sale price averaged 100K...which is just under 3 times the suggested lot value (of 39K by some residents in that neighborhood). Interested to see what happens to the other 13 - 14 for sale over there.

LOL, I told you they were;-) I am pretty sure there is one on Royal Palm that was sold to them too. I'm really interested to see what TV puts up, wondering if they will have garages which would be nice:girlneener:

Found one on Royal Palm that went to a bank.

I assume that you mean 1121 Dustin Drive. That was the house that was sold by absolute auction. If anyone paid anywhere near $100,000 for that house they're out of their minds. It wouldn't have been worth that in excellent shape.

And I think that 729 Sharon had been abandoned. I believe that 723 is occupied and in fine shape.

According to the Lake County property appraiser, they've bought 12 this year:

723 SHARON DR
1717 MYRTLE BEACH DR
918 CINDY DR
1015 SHAY BLVD
717 JASON DR
1112 DUSTIN DR
621 JENNIFER DR
440 TARRSON BLVD
1013 PARKER PL
1709 WEST SCHWARTZ BLVD
824 CAMELIA CT
1862 WEST SCHWARTZ BLVD

Assumed wrong. But am sorry for the typo - should be 1112 Dustin Dr.

Sharon Dr house # IS 723 and was not a typo.

Well, those two homes are not old abandoned dilapidated units. They must be buying decent homes that are up for sale.

Not one of these properties has had a building permit issued to it in the last 12 months.

The rumor I heard was the developer will put them back on the market at an inflated price to drive up sales of new homes in the new sections.

It's not expected that the revitalization project will begin until after the villages of fruitland park has been completed.

Do you know if one would one be required to put in a new manufactured home?

I bet as soon as Fruitland Park is finished, all the crews will be ready to tear down these homes, and build bigger and better homes, and thats great for property values!

I am sure the other people that have homes for sale in that neighborhood would love to see the prices inflated, but those older homes are not comparable to the new homes (style, size, amenities, materials, etc.).

Please elaborate on how inflating the price on these 11 older homes would drive up sales of the 100s of newer homes.

1112 Dustin is a nice home in good condition and was not auction! The villages has been buying up property and from what I understand will be putting up "affordable housing". dont know what that means.