As underwriting continues to loosen up the rates remain very low. For Now…
Average rate on 30-year mortgage falls to 3.71%.
Botanica-112 Spikerush Rd, Jupiter FL 33458
I went to show this unit in Botanica at 112 Spikerush Rd in Jupiter FL. This unit had the kitchen replaced by the bank with new granite and new appliances. The appliances are not worthy of the house and will need to be replaced. There is no washer dryer there either. This is a Royal model withe the 4th bedroom built out. I listed the same model last spring at 224 W Bay Cedar which sold for 448k. This is a nice floor plan over all. The kitchen is a bit small but OK. The first floor is all tile. It has wood on the stairs and all carpet on the second floor except in the baths. this unit also has a balcony on the front of the building in addition to the one off the master suite, no pool but it’s directly across the street from the community pool. My estimate on this one is 435-440k.
Juno Beach Florida FEMA Flood Map changes and Flood Insurance
I received this very informative letter (Juno-Beach-Flood-Ltr-2016) from the town of Juno beach outlining the recent changes made to the FEMA flood maps and the how the town administers them. The maps are now available and should be adopted this summer of 2016. 1000 properties in tiny Juno Beach will be affected by these map changes and most people have no idea it’s happening. Any property with a federally backed mortgage on it (Fannie Mae, Freddie Mac, HUD etc) which is just about all non jumbo mortgages, must have flood insurance if it is in a Special Flood Hazard Zone or SFHZ. The SFHZ is a property located in any ‘A’ or ‘V’ flood zone as shown on the FIRM maps.
2016 Florida Legislature Real Estate items of interest
Florida’s 2016 Legislative Sessions have ended, and we are happy to report that one of our top initiatives from Great American REALTOR® Days (GARD), the Sadowski Affordable Housing Trust Funds, has received its highest funding level in nearly a decade.
Lawmakers provided $135.5M for rental assistance (State Housing Initiatives Partnership or SHIP), $5M for homelessness challenge grants, and $64.6M for state housing programs, half of which will go to theState Apartment Incentive Loan (SAIL) program. Also, lawmakers appropriated monies from general revenue and other trust funds for several local housing initiatives: $4M for homelessness programs around the state, $16M for the Low-Income Housing Energy Assistance Program, and $1M for a variety of community development projects.
176 Moccasin Trail Jupiter FL
I went into 176 Moccasin Trail in Indian Creek in Jupiter today with a customer. Her’s my review….
- Nice unit
- This is an end unit. The end wall faces west and a road
- Unit has a screened patio and a small paver’d area outside of that.
- Nice kitchen with newer cbainets and granite counters
- Sort of updated baths with new vanity and tops but no new tile around the tub nor shower
- Newer tile floors through out
- AC looks to be 2004
- Partial hurricane shutters
- No display style bay window in the front
- They paid 185k for it just under 2 years ago
At 240k they’re crazy on this one.
Watch out: Top 10 building code violations
Good article on what to look out for. As Realtors we will only be able to see, literally, a few of these.
Watch out: Top 10 building code violations.
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