Kenmure (Oviedo, FL)
By Judy Chapman
(Referral Network of Illinois LLC)
Can you imagine whole neighborhoods of single-family homes and townhouses being turned into rental complexes managed by a host of absentee investors and landlords? If you can’t, come visit Orlando FL. Several subdivisions in northeast suburban Oviedo and East Orlando are over 50% rental. How could that happen? Easy. When homeowners can’t afford to live in their homes any longer, they rent it out. Or sell them as Short Sales to investors. Or go into foreclosure ... to the delight of other investors. These communities were built at the height of the market. By respected builders in sought-after areas. The homes are nice. Some over 3,000 square feet. Many with pools. Upgraded kitchens with stainless steel appliances and granite countertops. Four and five bedrooms. Three and four baths. Con...
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By Judy Chapman
(Referral Network of Illinois LLC)
OVIEDO FL HOUSE FOR SALE * MINT CONDITION & MOVE-IN READY Overview Maps Photos Description Market Stats $344,500 Single Family HomeFor Sale Main Features 5 Bedrooms3 BathroomsInterior: 3017 sqft Location 7263 WINDING LAKE CIROVIEDO, FL 32765 Judy Chapman Coldwell Banker Residential(407) 227-7763judy@orlandohousesales.com Listed by: Coldwell Banker Residential Real Estate See more OVIEDO, FL real estate for sale
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I have a listing for a house that’s in mint condition with over 3,000 square feet, 5 bedrooms, 3 baths, a loft/game room, and situated on a tranquil pond. The only houses that have sold in the subdivision are Short Sales, which were probably sold for at least 90% under market value, if not more. The subdivision is located in a very popular suburb. The sellers are NOT in a Short Sale position. The list price is about 5% over comparable non-distressed properties in nearby subdivisions. While the subdivision is a gated community, it lacks a community pool. It’s also considered county rather than city, which means that the fine recreation facilities available to city residents would not be available to the homeowners unless they wished to join on their own. On the plust side, the schools ar...
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