PAGE 4 September 10, 2008
The Newscaster/Nature Coast News
RV Park
Real Estate Today
- Continued from page 1
and still today the park consist of 3 shower houses, 2 laundry rooms, a pool, office and club
The Fun of Buying a Foreclosure Home
house. There were 150 RV spaces.
A Guest Commentary by Darryl Diamond
Under the new ownership of Anthony Tanner of Crystal River, the park is undergoing a
ditto for the interior wall colors, and you
major overhaul. The cleanup process is in high gear and Tanner intends to revive the park to
I have selling foreclosure homes
even have a few thousand for
meet the needs of the construction workers who will be part of the Progress Energy Nuclear
for over 20 years, and boy can they be fun.
upgraded fixtures in the bath-
units slated for just north of Inglis as well as the growth Tanner knows is coming.
So let's analyze a foreclosure home that was
rooms. Don't worry, your wife
Tanner has been around a long time and knows that housing is a problem when a large
mentioned last week, and is still on the mar-
will tell you those colors too.
number of workers come to town. He knows that growth is destined in the south Levy
ket in Sugar Mill Woods. It is 2,100 sq ft
The fun part here is that you
communities and he feels it will be rapid. Contrary to rumors on the street of selling the
living area in a 3/3 two story configuration.
are picking all of your colors
lots now for some astronomical prices each, Tanner said the resort will feature individual
The price started at $145K, then was low-
just like any brand new home
lot rentals. Later he may do some selling but for now it is just RV space rentals.
ered to $123K, and now it was just reduced
in sugar mill woods selling for
to a low $109K. An attractive price for a
$350,000. or more.
property in a well established sub-division.
Same neighborhood, same golf
Remember, you can always change
course, and same great location. So now we
the house, but you can never change the
have $109K plus $20K for a total of
neighborhood. The first "fun part" of this
$139,000. for a home loaded with brand new
foreclosure is that the asking price is an in-
stuff. Folks, the buyer of this home will be
credibly low 52 dollars per square foot.
in it for $30,000K below low market value.
Comparing this to most new construction,
Here is the fun part, you can actually pur-
you have $100 per sq ft to build these days,
chase this home, and make a great potential
and the average county impact fees of
profit after reconditioning, or if you are an
approx. $10,000. on all new construction add
owner/occupant buyer, it could be the buy of
even more to the price. This foreclosure
a lifetime. Any way you look at it, making an
home is probably worth in the $170 to $180
ugly home pretty again can be fun.
range after fix up, but in this market, lets fig-
This week I would like to recom-
ure low at just $170k.
mend a well written book called
The next step before purchasing any
Withlacoochee Notes, by A. Dix Stephens.
foreclosure investment, is to figure the cost
It is a fun look back at the history of
of the required repairs. On this "practice in-
Dunnellon, Inglis, Yankeetown, and the south
vestment" let's estimate a new roof at
Levy County area. If you like my writing, I
$7,000., new carpet at $3,000., new inside
think you will love this precious book about
paint at $1,000. New a/c unit at $3,000. , and
the area.
since the home was built around 1980 let's
Diamond Investments Inc. Darryl,
figure plumbing and electric repairs of
Vicki, and Shirley are your "The Diamond
approx. $4,000. That's a total of $18,000.
Team" We are seasoned professionals that
Now let's add $2,000. for a any surprises,
are available for your real estate needs 7 days
Utility crews “hooking up” services--This area years ago was Dessie Smith Prescott's
and some upgrades, which brings us to a to-
a week. If you are a buyer, or know a buyer,
stomping ground and home of her beloved Withlacoochee River Lodge hunt/fish camp busi-
tal of $20,000. for repairs. We now have a
we would appreciate the opportunity to serve
ness for 15 years. Dessie ran a business teaching and taking men and women fishing and
new roof in whatever color your wife wants,
them. Please call us at 352-447-4442. I'll
hunting. She taught Pulitzer Prize winning novelist Marjorie Kinnan Rawlings how to live
new carpet in whatever color your wife wants,
see you around "The Campus"
off the land and was a character in the book Cross Creek. Dessie was inducted into the
12 Year Old Injured in Car Accident
Florida Women's Hall of Fame in 1999. Photo by Sally Price
A 12-year-old pedestrian was seriously injured, around 5:20 p.m. Sept. 5, while
Thank You!
walking along the north shoulder of W. Camel Ln. at Elinor Terrace in Lecanto. According
to the Florida Highway Patrol, several witnesses stated, that as 37-year-old Heather L. White,
of Crystal River, drove by in her 2000 Dodge SUV, the boy, Tylor D. Brown, of Lecanto,
jumped onto the side of the vehicle's running board, and within seconds, lost his balance and
grip then fell off the vehicle onto the ground; the left rear tire of the vehicle then drove over
him. The boy was airlifted to Shands Medical Center in Gainesville for medical treatment.
14 u.s. 19 N. (S.R. 55)• Inglis, FL
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