It is a great area. AND is only seven years old. Close to groceries, restaurants, medical stuff....Right on 466 which is the center of the population here.

For now.

What time is it?

sold our patio villa rental in lynnhaven, FSBO, two weeks. got top dollar also, right buyer, right location.

I'm in a Patio Villa in TV of Pinellas. My next door neighbor is buying in TV of DeSoto. She put her Patio for sale using a Villages sales agent and it sold in one week for full ask...

I think you can find it on era.com. Page 8 1140 Santa Cruz drive

:ho: Here's the only CYV in Santiago for $205,000 I could find.

https://www.zillow.com/homes/for_sal...47_rect/14_zm/

The house backs to Buena Vista Blvd. That is a busy road. Maybe that is what is holding up the sale. Just a theory.

I would agree. No curb appeal. Shows very bland. Need several things done before ever taking and publishing pics.

This home, also a court yard villa of the same size is in the new area up north and this one is brand new and only 4k more than the one Schaumburger is watching. New roof, air conditioner, light fixures, cabinet, etc. etc. Including new people in the neighborhood. This too is north of 466 and close to Publix.

This would be my choice of the two...bond and all.

Homefinder - The Villages(R) Homes and Villas for Sale

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Pre-Owned Homes Staying On The Market for Months
 

My late father’s $78000 resale value (at that time - worth about $60K now) 40yr old 3rd floor 1br 1 1/8 bath 800 sq ft condo in S Fl was appraised for $180000 (not a typo) about 10 years ago when he took out his RM. When it comes to rev mortgages anything goes for appraisal since in the end the Feds who foot the bill. Now that was the “last person to leave” that appraisal is killing us. Letting it go into foreclosure. It was great for him (and the bank). Point is rev mortgage appraisals aren’t necessarily a 100% true indicator of resale value.

New roof, new water heater 2018, and BOND PAID. My guess is it’s not much overpriced but 2/2 is a drawback to some! I would think would make a great rental!

Apples and oranges, ten years ago was a housing boom, a lot of homes sold way above what they are worth now. Then there was a lot of foreclosures and Countrywide went out of business. The appraisal was simply reflecting the price at the time. Our home in 2011 was worth $157K, that's what we paid, today it's appraised at $237K and ten years from now who knows.

Actually I agree with you as far as our current appraisal, it's too low. Our next door neighbor's 2 BR CYV, who made no improvements except for the landscaping, listed it by owner in April for $229K and sold in 2 weeks for $223K, it originally sold in 2011 for $162K.

Our house was pre-owned, and, in my opinion, had curb appeal and many extras including skylights, remote-controlled gas fireplace, jetted roman tub and walk-in shower, koi pond, outdoor therapy spa, solar heated pool, pergola and screened birdcage.

This pre-owned Lantana was purchased new for $307,300 in 2004.

In August 2015, eleven years later the owner listed it for sale for $429,900 (with an $11k bond balance).

The price was reduced 4 months later in December, to $419,900. In May 2016, we had been looking for exactly 5 days when we saw this house. (I fell for the beauty of the Lanai.) After 2 rounds of negotiations, the owner accepted $390,000.

So for us it was a head-turning “lightning round” yet for the owners, it was an agonizingly long 9 months to sell.

I think we got a terrific deal, and, the seller, with a 26 -27% appreciation (if my math is correct) in my opinion didn't do too badly either.

A house will almost always sell if it is priced correctly. This house must be overpriced, like many other preowned houses on the market. I viewed a house this week that has been on the market for a few months. The owner paid $413K about 18 months ago, and priced it at $630K. Houses have just not appreciated that much in the past 2 years. The average Villages house has appreciated about 35 percent total over the past 5 years. You can add money for upgrades, but not as much as you paid for the upgrades. And, the seller should not add money to cover the real estate commission. That is totally a seller expense.

I agree with you. Yet it seems to me that those who sell after 2 or 3 years are doing better than those who have held for 10-15 years. And while none of us want a depreciating asset, I don't think appreciation is high on the list of many who buy here. I don't expect to benefit from appreciation since whatever we have will go to our heirs when we pass. And while there are some "speculators" here in TV, my guess is there are other markets that would show much stronger appreciation. However, I think 35% over 5 years is pretty darn good.