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Archive for the 'Avondale' Category
GREAT New Listing in Avondale!
Darling Bungalow in Heart of Avondale
Hurry in to see this great new listing on a super street in the Heart of Avondale. Located just a quick stroll from the Shoppes of Avondale and a very easy commute into downtown or to NAS Jax, this darling bungalow is just right. Among its great features are very charming curb appeal, tall ceilings, lots of light, renovated kitchen with corian countertops & stainless appliances, large bathroom with original tile floors, two car garage, delightful pavered patio and more! This is the one you’ve been waiting for — don’t delay. With interest rates this low, you can buy this house for less than the cost of renting!
FOUR Closed Sales this Week In Avondale & Ortega – Two were at FULL PRICE!
1463 Ingleside Avenue - Sold for $310K
3873 Oak St. Sold for $177K
4922 Morven Rd. Sold for $250K/Lot Value
Villa Riva, Unit 105, Sold for $775K
The Powell Steilberg team had a banner week! We sold three of our listings, we brought a buyer to another listing, we had a contract accepted on another listing and will enter a brand new listing into the system today.
So…Four completed transactions (closings) in one week with two more on the way is a good thing! Good for us personally but also good for the state of the real estate market in Jacksonville – things are really beginning to move!
Two of the homes we sold were sold at FULL PRICE. This means that the homes were well priced, the buyers realized the value being offered and were smart enough to jump on a good deal when they saw it.
The properties were:
1.A luxury condominium at Villa Riva – Unit 105 – Sold for $775K
2. A Small Brick 2br/1ba bungalow on Morven Road in Ortega. It sold for $250K which was just about lot value – the buyer plans to tear the house down.
3. A wonderful two story home in Avondale that I wrote about yesterday. Sold for $310K. Buyers are delighted with their purchase!
4. A very special 3br/1ba bungalow in Avondale on Oak Street with hardwood floors & renovated kitchen. Sold for asking price of $177K. First time home buyers are very excited about their new home!
SOLD – For Full Price in Avondale!
1463 Ingleside Avenue, Jacksonville, FL
We had a wonderful closing today on our listing at 1463 Ingleside Avenue in the lovely Avondale neighborhood of Jacksonville. It was one of those rare closings where both the buyers and sellers were at the closing table and both were very happy about the transaction. In our fast paced world, we often have MAIL AWAY closings (where neither buyer nor seller actually attends the closing) or closings where either the buyer or seller signs “in advance” and the closing only has one party in attendance.
The house was listed at $310,000 (and SOLD for $310,000) and is a lovely two story residence within walking distance to the shoppes of Avondale that has 3 bedrooms, 2.5 baths, renovated kitchen, family room, large master bath, a guest house AND a 1.5 car garage — Wow! The buyers recognized the value and offered full price.
Thank you to our sellers and congratulations to the buyers — we look forward to having you in the neighborhood!
PRICE REDUCED! Great Avondale Pool Home!
1252 Windsor Place, Jacksonville, FL
Just in time for the summer, this wonderful pool home has just been reduced by a whopping $29,000 and is a real value for today’s buyers.
Located at 1252 Windsor Place, within walking distance to the shoppes of Avondale and the wonderful Cool Moose Cafe this 3BR/2BA home is a signature Marsh and Saxelbye home from the 1920’s.
Mediterranean architecture, tall ceilings, wood floors and more are just a few of the special features of this great house. Located at the end of a cul de sac with a two car garage and wonderful bonus room above, this is a must see.
Please call me or Caroline for an appointment to see this great house today!
JUST LISTED! Darling Bungalow in Avondale Neighborhood of Jacksonville
1422 Rensselaer Avenue
JUST LISTED today in the historic district of Avondale, this adorable bungalow with wonderful front porch is waiting for its new owner! Among the great features of this house are 3BR’s/1BA, totally renovated kitchen with brand new cabinets, countertops and appliances, great tile backsplash with mosaic glass inserts, beautiful wood floors, lots of windows and natural light, wide doorways, fireplace and HUGE fenced yard. This great home is also just steps away from Boone Park, minutes from downtown and within walking distance to the shoppes of Avondale. You can indulge in a frozen sweet treat at the new YOBE yogurt or a melt in your mouth BBQ sandwich at MOJO’s on St. John’s Avenue. Don’t miss it this great starter home! 1422 Rensselaer Avenue, Jacksonville, FL 32205. MLS #577242.
Please call me or Caroline for an appointment to see this very special home!
Powell Steilberg Team Sells 9 Homes since January 2011 in Avondale and Ortega
The real estate team of Caroline Powell and Allison Steilberg The sold properties are: single family homes at 4620 Algonquin Avenue and 4652 Ortega Blvd and a condo at 1661 Riverside Avenue in Riverside. The pending sales are: 3022 St. John’s Avenue — this will close next week, 1465 Edgewood Circle, 1769 Glendale Street, 1463 Ingleside Avenue and 3527 Riverside Avenue. We have one condo that’s a pending sale at Beau Rivage – a very nice building on St. John’s Avenue.
Other members of the Avondale office are similarly busy so it begs the question, are we in a real estate recovery? If you’re thinking of selling, there are LOTS of buyers out there looking for homes. Interest rates are still at historic lows and there’s a lot of pent up demand for housing.
A word of caution, if you want to sell, it’s imperative that you PRICE YOUR PROPERTY CORRECTLY and do everything you can to put the house in prime showing condition. Clear out all th clutter, invest in some fresh paint, do a clean out of the yard, closets and garage — today’s buyers are picky. They will buy a property at a fair price only if it looks great with updated kitchen and baths or if it’s a “distressed” property and is a BARGAIN BASEMENT STEAL!
Thanks for reading — check back often for the latest news about real estate in Avondale, Ortega and Riverside from the market leaders in the area — remember, “With Us, It’s All About You”!
Gone in a Day! Is the Real Estate Market improving in Avondale?
1463 Ingleside Avenue, Jacksonville, FL
Sometimes, it takes the right mix of price, beauty and well….price to make a property sell quickly. Our new listing at 1463 Ingleside Avenue was on the market for less than a week when we received an offer.
The house had previously been listed for sale by owner at a much higher price as the seller struggled with whether or not to pursue a short sale. After consulting with us and learning that the property value would necessitate a short sale, the sellers agreed to the price we recommended, we had professional photographs made, entered the house into the Multiple Listing Service and received an offer in a matter of days!
The list price of the house is $310K or $158 per square foot. The house has tall ceilings, a renovated kitchen, one car garage and darling guest house. Most notably for an older home, this has both a family room AND a large master bathroom — almost unheard of for an older home in Avondale. The seller of this home has great taste and has done wonders for the home in terms of style! From the moment you walk in the door until you finish in the guest house, you are convinced that this is a very special property.
If you’d like more information about any of the great homes in the Avondale, Ortega or Riverside neighborhoods, please give Allison Steilberg or Caroline Powell of the Avondale A Team a call. Allison’s number is 252-5181 and Caroline’s is 463-1898. Our website address is www.allaboutavondale.com. Come visit!
What is an Appraisal/ Appraisal Review?
Appraisal Clipboard
Unless a buyer is paying cash for a home, they must obtain a loan. With the real estate meltdown, banks are being ultra cautious about who they are lending money to and how much they will lend.
Recently, we had two homes under contract (this means that both buyer and seller have agreed to a sales price) and the “file” was sent to the bank to begin the financing process.
One of the most important pieces of this process is an appraisal of the property. Due to new regulations, bankers must call a “third party” group to order an appraisal. They used to be able to speak directly with appraisers but this is now prohibited. It’s common knowledge that real estate is very local and sometimes, values vary widely on a street by street basis. The problem with the new system is that appraisals are often conducted by people who aren’t famililar with the community they’re doing an appraisal in. They don’t have access to the local area knowledge that often adds “intangible” value to a home or neighborhood.
As a result, many homes don’t appraise for the agreed upon purchase price. When this happens, either the seller must reduce the price to the appraised value or the buyer must agree to bring the difference between the appraised price and the agreed upon sales price to closing in cash — or, the two parties can re-negotiate where the seller comes down a little and the buyer brings some cash to the closing.
In two recent transactions that we had, the property did appraise for the purchase price, but at the 11th hour, the bank sent the file back to underwriting for an appraisal review — one of these was ordered less than 24 hours before closing and held up the sale by almost a week. In the other case, the underwriter requested that the appraiser justify why he didn’t use some particular home sales in his property analysis. This led the appraiser to go back out into the “field”, photograph the homes that were not used and explain why they weren’t used. The net result was that the underwriter accepted the appraiser’s comments and we’ve been approved to move toward closing. So, both transactions had happy endings but with a lot of angst along the way!
Throughout a real estate transaction, there are many pieces of the puzzle that must be assembled and it’s important that you choose seasoned realtors who know how to maneuver through the many hurdles that will come up. Allison Steilberg and Caroline Powell of The Avondale A Team in Jacksonville,FL can (and do) provide just such expertise. If you have questions, please feel free to call us — we’ve love to help!
They need to determine if the price that the buyer has agreed to pay is, in fact, fair market value and the appraisal is supposed to
Just Listed! Darling Home in Avondale!
Don’t miss this delightful home on Ingleside Avenue in the Avondale neighborhood of Jacksonville! Being the listing agents for a great home like this makes our job fun! We knew we were in for a treat when we drove up and saw the welcoming front porch filled with potted plants brimming with luscious greenery, professional landscaping and freshly trimmed grass. The homeowner opened the door and we were immediately wowed with soaring ten foot ceilings, wonderful living spaces and fabulous interior design.
Many of the older homes in the historic district of Avondale are charming but many of them also have only 2 bedrooms, 1 bath, ongoing maintenance issues and NO closet space. The home we’ve just listed was built in 2004 and has been meticulously cared for. Because it’s “new”, it has all the things today’s home buyer wants — open floorplan, large kitchen with eat-in area, family room, home office, plenty of closet space, laundry room, two car garage and lots of windows.
Energy efficient and move-in ready, this home offers you the location you want without the maintenance worries of the older homes in Avondale. Please call us today at 904-252-5181 for an appointment to see this very special place!
A Short Sale Success Story in Murray Hill neighborhood of Jacksonville, FL
We recently closed on a home in the Murray Hill neighborhood for a young lady who was a first time homebuyer. The home she bought is a darling 3BR/1BA bungalow in the desirable neighborhood of Murray Hill. It was purchased by the seller in the high 100’s. After living there a few years, she tried to sell it amidst the rapidly falling real estate market and the house fell into short sale.
There was one very low offer on the home that did not get accepted by the bank but when the bank “countered” the low offer, they established a price that they would accept. This was put into the Multiple Listing Service (MLS) as a bank approved price and the young lady we were representing quickly wrote an offer on it.
After jumping through a few hoops and encountering a few stumbling blocks along the way, the sale closed in relatively quickly (about 3 months-which is for a short sale) on Friday of last week for $120K — one more property off the market, a great buy for our buyer and a happy ending to a short sale.
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