Talk of The Villages Florida - Prices of pre-owned homes more than new homes

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Quote:

Originally Posted by vintageogauge (Post 2027748)

There are 1900 sq. ft. homes without pools in the souther sections selling between $600.000 and $700,000 and they are not on golf courses. Many designers are now hitting the million dollar mark down here, hard to believe but it's a fact jack.

County Assessors love threads like this.

:clap2::clap2::clap2:

Quote:

Originally Posted by dewilson58 (Post 2027751)

County Assessors love threads like this.

:clap2::clap2::clap2:

No doubt, the county assessor spends his evenings scouring TOTV, to learn more about how much homes in TV are worth.

Quote:

Originally Posted by Madelaine Amee (Post 2027599)

I believe it is location. If you are within easy reach of Sumter Landing your house is worth much more to someone than a beautiful new build way out in the Southern end of TV.

Just my opinion of course, and everyone has one of those.:)

We are in Mallory. I like your train of thought!!!

Quote:

Originally Posted by vintageogauge (Post 2027748)

The same thing is happening south of 44, the homes that are a couple years old have had upgrades, possibly enclosed lanais, pavers, landscape upgrades, etc., all of that adds up and therefore the homes are selling at prices higher than a equal new home. It has been like that for at least 4 or 5 years now which is when we bought our new home down south. It has nothing to do with Sumter Landing, more so the improvements and the lot that the home sits on. There are 1900 sq. ft. homes without pools in the souther sections selling between $600.000 and $700,000 and they are not on golf courses. Many designers are now hitting the million dollar mark down here, hard to believe but it's a fact jack.

I recently toured a 3/2/2 open house south of 44 that was just over $600.00. The home had Corian countertops throughout. That's right......Corian!!!! What the +%#* ??????

We are closing next week on a house in The Village of Amelia. We purchased it because of the location:
1 - close to Lake Sumter Landing. We stayed in TV 3 times on lifestyle tour, return and rental to know where we wanted to live. We liked LSL better than the other town squares and the new area didn’t have one as developed.
2 - we both play golf. Our favorite courses are Cain Garden, Palmer’s, Evans Prairie and Bonify. We wanted them to be in close proximity.
3 - we liked Amelia area because of the elevation changes. Our house is on a pond and is about 20-30 feet elevation above the pond and offers a great view.
4 - didn’t want to be close to the federal prison.

The home we purchased has Corian countertops , has contractor grade materials - no upgraded cabinets in the kitchen or baths, but does have an enclosed lanai and was in pristine condition. We will lose out on the camaraderie of everyone being new and forming friendships. Still, although it appraised above our purchase price, I think the going rate on existing homes are overpriced. I justify the price because my wife loves it and unless you plan on selling soon, it doesn’t matter if you can afford it. We did our research and this is where in TV we wanted to live.

Quote:

Originally Posted by coffeebean (Post 2027793)

I recently toured a 3/2/2 open house south of 44 that was just over $600.00.

$600.00 is a great deal! I'll offer $607! Do I have a chance? :D

Quote:

Originally Posted by Madelaine Amee (Post 2027599)

True being close to the Town Square in Lake Sumter Landing is a big deal. Location, location, location. We are in a CYV less than a mile South from LSL and a 3br CYV corner villa just sold for $650,000., $2k more than two years ago . South of 44 has Turnpike noise, power lines, long traffic lines, few amenities and blasting. Plus it is a planning hodgepodge compared to the good planning north of 44. But some people fool themselves into thinking it’s the equal of north of 44.