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Condos Sold In Bunches In Lakewood Ranch

A Sarasota investor has acquired 14 condominiums, most of them in the Village at Town Park, according to a media report.

Has the real estate market bounced back in Florida? Some recent residential purchases in Lakewood Ranch suggest a new confidence in the market. Pelican Investment Properties of Sarasota is drawing attention for its recent purchase of 14 condos, the majority in the Village at Town Park. The Sarasota Herald Tribune noted the big real estate buy in an article titled "Firm Buys 14 Condos, Cheaply." In an unusual look at one company's real estate buys, reporter Michael Braga wrote: "After spending $326,000 to buy three rental houses, Pelican Investments parted with $1.1 million to buy 14 condos. Eleven of them are in the Village at Town Park development in Lakewood Ranch." The article noted the bargain-basement prices for these condos, which …

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Bradenton, Sarasota Commercial Real Estate Roundup

Roundup of area commercial real estate sales and leases.

Following are details of the most recent commercial property transactions facilitated during the month of September by agents from the Commercial Division of Michael Saunders & Company:    Sarasota Mindfulness Institute, Inc. has leased 775 square feet of office space at 1530 Dolphin Street, in Sarasota, from Bartenschlager Holdings, LLLO.  DeLieto & Associates, of the Commercial Division of Michael Saunders & Company, represented the lessee.  David Shafer of Richardson Kleiber represented the lessor. Rapid Composites, LLC has leased 2,500 square feet of industrial space at 6222 Porter Road, in Sarasota, from Brazos XX, LLC.  Roberta Kolton, of the Commercial Division of Michael Saunders & Company, facilitated the transaction. Khalea …

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Commercial Real Estate Roundup

A summary of commercial real estate sales and leases in Sarasota, Lakewood Ranch and Bradenton.

Following are details of the most recent commercial property transactions facilitated by agents from the Commercial Division of Michael Saunders & Company:   Commercial Sales: San Marco 23, LLC has purchased a 1,183 square-foot retail space at 8225 Natures Way, in Lakewood Ranch, from Realnor Properties, Inc.  Susan Goldstein, of the Commercial Division of Michael Saunders & Company, represented the buyer.  David Neff, of JSS Realty corporation, represented the seller.  LS Realty #1, LLC has sold a 1,562 square-foot office space at 5227 Office Park Blvd., in Bradenton, to John D. Camden. Sale price was $130,000.  Susan Goldstein, of the Commercial Division of Michael Saunders & Company, represented the seller.  Diane Lee, of Wagner Realty…

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Bradenton Real Estate Tips

HomeStyle Renovation Loan - A Great Way for Investors to Leverage Assets

Real estate investors now have the opportunity to take advantage of using a renovation mortgage loan to purchase investment property through a Fannie Mae HomeStyle® Renovation loan.

If you’ve been toying with the idea of moving some of your money into real estate investments, this information just might get you off the fence and into the game. Mortgage lenders experienced with and offering the 203K Renovation loan can now do these types of loans on conventional as well as FHA loans using the Fannie Mae HomeStyle® Renovation loan.  The occupancy requirements of the borrower include not only buyers who will be occupying the home as a primary residence, but also buyers who are purchasing the property as a second home and buyers who are purchasing the property as an income or investment property. With the Fannie Mae HomeStyle® Renovation loan, real estate investors can now finance a property that customarily was a ‘cash …

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Bradenton Real Estate Tips

Timing the Market for Purchasing Rental or Investment Property

Tips and observations for evaluating real estate investments opportunities in today's real estate market.

At the end of February billionaire Warren Buffett, commonly referred to and lauded as one of the most respected, successful investors in the world, told CNBC that if he were a young investor in the current market, with a choice of investing in the stock market or buying his first home, he would select buying a home as the wisest choice. Buffett went on to say that as a first time investor, if he had the opportunity, he’d buy as many single family homes at distressed pricing as he could, and then finance them with a 30 year mortgage (to take advantage of current low interest rates), and find someone to rent them.  Buffett closed this part of the interview by stating that, in his opinion, that this type of real estate investing, leveraging a…

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Wendy Herndon

11:28 pm on Wednesday, March 21, 2012

Mike, thank you. It's good to see increased home buyer activity. Let's hope this positive news continues. :)   more ›

See Smoke? It's the City Testing Sewer Lines

Bradenton will be smoke-testing the sanitary sewer lines in certain areas of the city on Tuesday. Residents with lung conditions are advised to call the city with any questions.

To improve sewer service, the City of Bradenton will be smoke testing the sanitary sewer lines in certain areas of the City starting Tuesday. This test, which involves forcing smoke into the sanitary sewer lines, will check for leaks, breaks and defects in the system. The smoke is odorless, creates no fire hazard, and should not enter homes or businesses unless there is defective plumbing or dried-up sink traps or floor drains. People who live in the areas listed below are advised to contact the city if they suffer serious heart or lung conditions. The number is (941) 708-6300. The test will be from 8-4 p.m. daily starting Tuesday in the following areas: 1.) Lift Stations 2, 16, 13 This area is bordered on the north by the Manatee River to…

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This Week's Most Expensive Home For Sale In Bradenton

Here's what over $8 million will buy in Bradenton.

This house has 5 bedrooms, 8 bathrooms and carried a 2011 property tax bill of over $40,000.

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Bradenton Real Estate Tips

How Can the National Mortgage Settlement Agreement Help Me?

Announced on February 9, 2012, the $25 billion dollar National Mortgage Settlement Agreement is expected to benefit distressed homeowners in 49 states.

Last week President Obama announced the passing of the largest federal and state civil settlement in a decade.  A $25 billion federal-state mortgage servicers settlement, between government officials, state attorneys general, and Bank of America, Citigroup, JPMorgan Chase, Wells Fargo and Ally Financial, was designed to help underwater and struggling homeowners who are upside down with their mortgage loans get back on their feet again and is projected to benefit nearly one million home owners.  That number could increase if other mortgage servicers jump on board to be included in this settlement. Part of this settlement is a new set of banking guidelines that were written to prevent future abuses and bad practices that were, in part, …

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Sheryl Compton

8:39 pm on Monday, July 30, 2012

This is true I totally agree. They have to give the relief because the banks don't even want to be bothered with physical possession of all these homes. I'm praying and believing God for a real breakthrough that for a change benefits the working man or woman that just wanted to raise their families in a home.   more ›