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Archive for the 'Breaking News' Category
Sheer Elegance – Ortega Blvd. Masterpiece becomes available
It’s rare that one of the crown jewels of Ortega Blvd. becomes available and we are proud to be the listing agents for one of the best homes on “the Blvd” (as it’s called by the locals).
Just listed at 3915 Ortega Blvd, this 4BR/3.5BA home is the epitome of classic elegance. Among it’s wonderful features are a grand entrance foyer, tall ceilings, formal living room with carved stone mantle, cozy library, slate patio, riverfront dining room, an incredible “river room” with walls of windows and fireplace, large kitchen, renovated master bathroom and professionally landscaped gardens. It’s situated on a high bluff with incredible vistas of the St. John’s river.
There aren’t many opportunities like this and we look forward to introducing this property to qualified buyers. If you’re considering a move to Jacksonville or looking to “trade up”, we’re standing by to be of assistance. Thanks for reading and we look forward to hearing from you.
Jacksonville, FL Alert! Dramatic Drop In Inventory of Homes Priced from $250K – $500K!
Great News! If you live in Jacksonville and have a home to sell that’s valued somewhere between $250K and $500K, you’re in luck.
Since this time last year (12 months of data), the number of closed sales in this price range has increased by 14.04% and the amount of inventory has DECREASED (that’s a good thing) by more than 50% (53.31% to be exact). We are down to only 13.15 months of inventory meaning that if every home on the market in this price were to sell and no other new listings were to come on the market, it would take approximately 13 months for all of the inventory to be absorbed.
Most people define a “balanced” market where there are an even number of buyers and sellers to be around six months of inventory. 13 months of inventory is approximately double that of a “balanced” market and would indicate a buyer’s market. That’s certainly still true but considering that inventory levels have been as high as a three or four year supply, only thirteen months supply actually seems small by comparison.
So…thinking of selling? Wondering just exactly what your chances are of finding a buyer in this crazy market? Call the experts! The Powell Steilberg team consistently tracks and measures the market so that you have a realistic picture of what’s going on. It’s essential information to have and we have it!
Thanks for reading! For the state of real estate in the Avondale, Ortega and Riverside neighborhoods, subscribe to our blog and you’ll be the first to know about what’s going on!
Darling Old Spanish Bungalow in Avondale – Just Listed
Looking like it’s been been transplanted from the streets of Coral Gables, this darling Old Spanish house on Avondale Avenue has just been listed. A 3BR/2BA home with plenty of upgrades awaits new ownership! It’s got a fancy new kitchen with granite, hardwood floors and a huge fenced backyard. Priced at $299K for approx. 1,600 sf, the price per square foot is right around $186 — a fair price for so many upgrades. As they say, location, location, location. Call today if you’d like to go see this one! 
Thanks for reading about the state of real estate in Avondale, Ortega and Riverside. Stay tuned for news of great new listings, sales statistics and first hand information about “what’s going on”.
Ortega Waterfront in High Demand-Market Heating Up!
Over the past four weeks, five Ortega Waterfront Homes have been put under contract. Four of them had been on the market for a long time (over a year). The fifth one is a private sale (one of the agents in our office was working with a waterfront buyer and knew of someone who was willing to sell). She contacted the person, got permission to show the house and, voila, a deal was made!
All of these sales are active contingent which means that there’s something left to do before the status gets changed to pending. This could be home inspections or financing approval.
All five transactions had either Prudential Network Realty as the listing agent or the selling agent.
If you’ve been thinking of buying Ortega waterfront, you might want to hurry, looks like the inventory is coming down!
Two More “Upper End” Homes Go Under Contract
3029 Riverside Avenue
Our office (Prudential Network Realty in Jacksonville, FL) is crackling with activity — it seems as if after the long dull winter that people are waking up, brushing the dust off their shoulders and saying, Hey – maybe I better get out there and start looking for a house!
1520 Avondale Avenue
Two houses have gone under contract this week that are worth mentioning. The first is at 1520 Avondale Avenue. It was priced just over $500K. It’s a 3BR/3BA house with about 2,700 SF of living space, a 2 Car Garage and tiny little pool. The kitchen had been updated with granite and stainless appliances and there’s a lovely little bricked patio area out back. I called the listing agent of this house to see if the sellers will be staying in the neighborhood but sadly, they are not.
The other house to go under contract is a short sale located at 3029 Riverside Avenue. It’s asking price was $450K. Because it’s a short sale, this could take a while to close so it’s listed as Active Contingent. The house was purchased for over $600K back in 2006. It’s got nearly 4,000 SF of living space, 3BR and 4BA’s. There is no garage. It’s got a gorgeous new kitchen and beautiful hardwood floors. It was actually under contract to someone else first but the deal fell apart and the current buyers swooped in.
I’ll keep watching to see what these two houses close for and how I think these sales will impact values in the neighborhood.
We here at JaxRealEstateFacts.com want to help you snag a great deal. If you’re one of those people out there looking and looking and looking, please call us — we know the area inside and out and will sniff out the deals like a blood hound!
Thanks for reading — call us — we’re standing by ready to help! 904-252-5181
Avondale Open House – Sunday 2-4 pm (1/31/2010)
Join me this Sunday afternoon at an open house in Avondale from 2pm – 4pm. Located East of St. John’s Avenue on the corner of Ingleside and Pine at 1837 Ingleside Avenue, this fantastic 2 story classic is really something special.
1837 Ingelside Avenue
On a corner lot and filled with natural light, this home has been meticulously maintained with the best of everything. Walk in to a gracious foyer with formal dining room on the left and a formal living room to the right. Rare in an Avondale Historic home, there is a spacious vaulted ceiling family room to the right with built in cabinetry and a large fireplace.
French doors lead from the family room out to a manicured brick terrace that’s perfect for entertaining. New in 2004, there’s a large all brick guest house featuring a living room, bedroom, large walk-in closet and kitchenette. Also new in 2004 there’s an extra large two car garage (also rare in the Historic District of Avondale).
The kitchen features a center island with a five burner gas cook top and separate breakfast room. Come see for yourself — we’d love to give you a tour! Oh, I almost forgot! There’s been a recent price reduction. Now at only $669K, this house represents a real value – don’t miss it!
Thanks for reading. If you’d like more information about this great house in Avondale (or any of the others we have listed) please give us a call!
Demolition Permit Granted!
My partner, Caroline Powell and I have a listing at 3629 Richmond Street ($359,000) that’s listed on the register of historic homes by the city of Jacksonville. For those of you reading this who live in Avondale, you know that the Jacksonville Historic Commission and RAP (Riverside Avondale Preservation) have very strict guidelines about what type of repairs/renovations can be made to a property and also very strict guidelines about demolishing property in the historic district.
We advised the owner of the house when we took the listing that his property is worth more as a buildable lot than with the house on it and suggested that he look into permission to have the structure torn down.
The significant issue with the existing structure is that it abuts the rear property line — the house literally sits just a few feet from the rear property line. The photo makes the house look like it has more promise than it really does. The interior would need signifcant updating and it has a bad floor plan that would be difficult to address. Even if someone was willing to take the time and money to renovate the house, you’d still be left with the fact that the house abuts the rear property line.
Caroline and I attended the Historic Commission Meeting on December 9th, 2009 and spoke on behalf of the owner who is ill and could not attend. To our surprise, permission was granted to have the structure torn down.
A purchaser of this property is not REQUIRED to tear this house down. They could build a “main” house in front of it and retain the structure that’s there as a guest house but if one desires, the option is now available to demolish and rebuild.
Thanks for reading. I’d love to share my local area real estate knowledge of Jacksonville with you, so please subscribe if you’d like to know more about Avondale, Ortega or Riverside.
AMAZING WATERFRONT OPPORTUNITY – Another Run, Don’t Walk Deal!
A few weeks ago, a house at 4155 Lakeside Drive in Ortega was listed at $2,300,000 and many of the agents in our office scratched their heads wondering where that list price came from. A pretty house? Sure, but $2.3M?? No way!
Well, today, the sellers have obviously come to their senses and reduced the price by ONE MILLION dollars. The house is now in short sale. So, what was ridiculously high a few weeks ago, is now a really GREAT DEAL. At this price, the house is listed for $226 per square foot which is a remarkable price for waterfront in Ortega. To see the full listing details for 4155 Lakeside Drive, click here.
If you’d like to schedule an appointment to see this house, please give us a call at 904-463-1898 or 904-252-5181. Thanks for reading. To keep up with the latest news in Avondale, Ortega and Riverside, please subscribe to our blog and you’ll be among the first to know about great deals like this!
FORECLOSURE at 1661 Riverside – A Great Buy!
I noticed a great buy (Foreclosure) on a condo at 1661 Riverside today so I ran (actually, I drove) over to have a look. It’s a 3BR/2BA unit on the 2nd floor (Unit 201) and has a large balcony. The unit faces May Street and has a great view of Memorial Park but because it’s only on the second floor, you can only see a few slivers of the St. John’s river here and there.
1661 Riverside is an urban loft like building featuring polished concrete floors and tall ceilings with exposed duct work. The building has a total of 90 units (mostly condos with a few townhouses that have private entrances on May street) and is located in the heart of Riverside which is a vibrant walking neighborhood in Jacksonville with lots of great eateries like Zoe’s, Al’s Pizza and Moss Fire Grill. There’s also a Starbucks and a great Publix that has lots of fresh and prepared foods.
Because the building was finished just as the real estate market began to turn South, many of the units have been sold as short sales and there have been a few foreclosures. This particular unit was purchased for $470,000 and the owner had put down a $90K deposit. Just two years later, it’s now being sold for approximately half ($249K) of the original sale price! That’s a big drop in just two years. To see the few photos that were posted on unit #201 at 1661 Riverside, click here. Like many foreclosures, the unit has been stripped of all appliances and even the air handler has been taken!
Thanks for reading — If you’d like to made aware of other great deals in the Avondale, Ortega and Riverside neighborhoods, please subscribe and be the first to know as it happens!
Saturday, October 31st, 2009 – Turn Your Clocks BACK!
Whew – we finally get to have an extra hour of sleep! I’ve been waiting for this since I “lost” an hour of sleep in the spring! Everyone has a different opinion of daylight savings time. Some people love the “spring” clock where we have dark mornings and long days and others like to wake up with the sun and don’t mind an “early” evening.
I live on the St. John’s river in Ortega and we have SPECTACULAR sunsets — I need to get my camera out and snap some photos. The deep oranges and pinks
that are created as the sun sets over the river are nothing short of majestic. Feel free to stop by and watch the sun set with me sometime – and bring your camera!
How about you? Do you like the “spring” schedule or the “fall” schedule? Let me know what your preferences are – I’d love to know.
Thanks for reading – please join me next time for another adventure in Avondale, Ortega and Riverside by subscribing to my blog.
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Recent Posts
- A Short Sale Success Story in Murray Hill neighborhood of Jacksonville, FL
- Sheer Elegance – Ortega Blvd. Masterpiece becomes available
- Luxury Home Available at a Great Price!
