Sanctuary On Spruce Creek (Port Orange, FL)
By Phil Hanner, Phil at http://www.findahomeinportorange.com/
(Keller Williams)
As a real estate professional, it is important to stay current with home values. On a regular basis I research neighborhoods in my area of expertise. When I list or get ready to make an offer, I complete even more target specific research into the values. The 32128 ZIP code has the highest income and education attainment levels in the area. The Sanctuary on Spruce Creek and Sabal Creek neighborhoods are two of the most desirable in 32128. Let's look at two 6 month periods. The past 6 months, and the 6 months before that. For consistency we will look at larger pool homes - 2400 to 3300 living square feet (LSF).   From 03/2011 to 09/2011 Sanctuary on Spruce Creek averaged $97 per LSF Sabal Creek averaged $99 per LSF   From 09/2011 and 03/2012 Sanctuary on Spruce Creek averaged $115 per L...
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By Phil Hanner, Phil at http://www.findahomeinportorange.com/
(Keller Williams)
Until a few days ago, less than 1% of homes in the Sanctuary on Spruce Creek (SOSC) in Port Orange were for sale. The Hanner Team just listed an awesome Preakness Model for under $300K. For the last 6 months, 3 properties per month are selling in the SOSC and research is indicating that values are stabilizing in this area. Small wonder - 32128 has the highest education attainment leels, and the highest income levels in the county. With a relatively low distressed property rate and excellent schools, it is a very desirable place to call home. Demand is devouring supply right now. The Sanctuary on Spruce Creek is a gated community with lakes, lush landscaping, and a well run and affordable association. Schools include Cypress Creek Elementary, Creekside Middle School, and nationally ranke...
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By Phil Hanner, Phil at http://www.findahomeinportorange.com/
(Keller Williams)
Market research is something I enjoy. I don't know exactly why I love crunching numbers. Maybe it is from back in college when I studied data collection and analysis. Maybe it was from my former profession when I studied crime statistics and evaluated job performances of law enforcement officers. Later I was hired by dozens of banks (still am) to advise them on what their bank owned properties are worth. No matter what the reason, the buyers and sellers I work with have certainly appreciated my ability to predict what homes will sell for and in how much time. As an aside, my realty has sold 5 properties in the Sanctuary this year - plus I live there with my family. I just completed market research into The Sanctuary on Spruce Creek in Port Orange, Florida. I looked at all pool homes bet...
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By Phil Hanner, Phil at http://www.findahomeinportorange.com/
(Keller Williams)
A NEW WAY TO VALUE REAL ESTATE Awhile back I was working with a customer on the purchase of a short sale. It was on acreage but was only an unfinished shell. The slab, concrete block walls, and the roof were complete. None of the interior framing had been started. A property such as this can be difficult to value.   Obviously, there is the value of the land, plus the value of the unfinished structure. There are many considerations including risk - risk that the vandals that broke out the glass block windows dumped sand, rocks, glass, metal etc. down the uncapped pvc plumbing.  What is the ARV (After Repair Value)? One way to look at the value is the ARV minus the cost to complete. We had to consider depreciation. It would take quite a bit of work to check on permits and get estimates to...
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By Phil Hanner, Phil at http://www.findahomeinportorange.com/
(Keller Williams)
Phil Hanner | Keller Williams www.philhanner.com | 386-214-7745 1322 Osprey Nest Lane, Port Orange, FL Beautiful home. 4 bedrooms, 3 full baths, large 3 car garage in the Sanctuary on Spruce Creek. On a green space with lake view. 4BR/3BA Single Family House offered at $314,900 Year Built 1997 Sq Footage 2,592 Bedrooms 4 Bathrooms 3 full, 0 partial Floors 1 Parking 3 Car garage Lot Size 12,000 sqft HOA/Maint $55 per month DESCRIPTION Sanctuary beauty on green space with a view of the pond. A pleasure to view in person. Small touches made by these original owners add to function and charm of this desireable Preakness model. From the unique architectural touches, to the dark, rich granite in the kitchen, to the oversized bay in the 3 car garage for the big toy (26 feet deep with 9 foot d...
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By Phil Hanner, Phil at http://www.findahomeinportorange.com/
(Keller Williams)
Phil Hanner | Keller Williams www.philhanner.com | 386-214-7745 1322 Osprey Nest Lane, Port Orange, FL Beautiful home. 4 bedrooms, 3 full baths, large 3 car garage in the Sanctuary on Spruce Creek. On a green space with lake view. 4BR/3BA Single Family House offered at $329,900 Year Built 1997 Sq Footage 2,592 Bedrooms 4 Bathrooms 3 full, 0 partial Floors 1 Parking 3 Car garage Lot Size 12,000 sqft HOA/Maint $55 per month DESCRIPTION Sanctuary beauty on green space with a view of the pond. A pleasure to view in person. Small touches made by these original owners add to function and charm of this desireable Preakness model. From the unique architectural touches, to the dark, rich granite in the kitchen, to the oversized bay in the 3 car garage for the big toy (26 feet deep with 9 foot d...
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By Team Gagliardi Daytona Beach Real Estate
(Re/Max Signature)
The Sanctuary On Spruce Creek is a premier gated community located off Williamson Blvd. in Port Orange, FL with incredible deals!!! Port Orange homes for sale in this Port Orange community were built by Intervest Construction or ICI from 1995 through the early 2000’s. Lush tropical landscaping and palm trees enhance the gated entrance to this sought after Port Orange neighborhood. These Sanctuary single family homes for sale range from 1500 SF of living area to over 5000 SF. Three to five bedroom Port Orange Luxury homes and estate homes are available.Spectacular, elegant & spacious models include the Saratoga, Preakness, and Kimberly built by ICI which have all the features you need or want!Valued Features include: Vaulted tray ceilings Open floor plans Screened heated pools Oversized ...
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Port Orange, FL Real Estate Professionals