Seminole Heights (Tampa, FL)
Seminole Heights (Tampa, FL) Real Estate News
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Seminole Heights 3/2: 1226 E. Henry
Rick Fifer, REALTOR, Heights Bungalows and Vintage Homes (FLORIDA EXECUTIVE REALTY)

  The heart of Hampton Terrace. This 3/2 home has so much going for it!  The home features a living room and a large separate family room with fireplace.  The kitchen is a spacious, functional, and stunning remodel with granite and updated cabinetry with plenty of work space for the ambitious cook. Features include stainless appliances and water softner. The dining room features a bay picture window for plenty of light.  The home has 3 bedrooms which are beautifully carpeted.  The master bedroom has its own bathroom with shower.  Both bathrooms have been fully remodeled.  With the exception of the bedrooms the floors are a neutral contemporary ceramic tile.   There is a large inside laundry/utility room. There is a spacious screened porch in the back of the home where you can relax on those cool evenings.  The main house is 1640 heated square feet. As a bonus there is a 400 square-foot detached office in the back that with plumbing could be a cozy guest house or in-law suite.    This beautiful home is just blocks from nearby Lake Roberta where you will meet many future neighbors taking evening strolls and convenient to acclaimed neighborhood restaurants and shopping. Truly a wonderful home in an awesome location that is fully updated and move-in ready. 

  

  

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An Amazing Transformation...coming soon
Rick Fifer, REALTOR, Heights Bungalows and Vintage Homes (FLORIDA EXECUTIVE REALTY)

FROM THIS....

   

TO THIS...

   

This bungalow at 114 W. Powhatan will soon be hitting the MLS as a 2/2 with detached garage and a porte-cochere for $137,500. Already shown to one Realtor who asked to see it with his buyers who are frustrated by the limited inventory.  As your real estate expert in the neighborhood, I see a lot homes before they even hit the market.

This bungalow home has undergone a complete transformation. 2/2.  Hardwood Floors in living and dining. Custom period windows for the front of this stylish bungalow.  Rennovation included re-opening of part of the original porch, thousands of dollars in structural work.  Two all new bathrooms with period subway tile.  All new kitchen with butcher block counters. Stylish lighting. Fireplace accent (not warranted as wood burning) with built-in side cabinet. Detached 1 car garage and original porte-cochere.  All new wiring.

If you are looking for a home in the historic heights neighborhoods of Tampa... I am your best source.

Rick Fifer, 813-758-7444, Florida Executive Realty

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Making Sense of Seminole Heights Home Prices
Rick Fifer, REALTOR, Heights Bungalows and Vintage Homes (FLORIDA EXECUTIVE REALTY)

If you are looking for a home in central Tampa (Seminole Heights, Riverside Heights, Wellswood, V.M. Ybor, Tampa Heights) the range of prices can be completely bewildering.  One house is a 3/2 at 40K another is a 2/1 for 140K.  Zillow gives a “Zestimate” 65K. What gives?   Welcome to an older neighborhood in Florida.

 

Statistically a short-sale listing is discounted by about 28% based on state-wide data. If it is a bank owned property (REO) is has an even steeper discount, about 35-40%.  Discounted is a key word, if you take your typical short-sale or REO list price and multiply it the percent discounted (example 50Kx1.28= 64K) that is much closer to the market price/value. However, in a neighborhood where 85-90% of the homes are over 50 years of age there is another factor affecting the ability to sell the property…the ability to pass a 4-point inspection for insurance.  That is a minor issue in younger neighborhoods in Carrollwood, New Tampa, and Brandon.

 

A home that is 50 years or older needs to pass an inspection of the roof, electrical, structural, plumbing systems.  The pretty bungalow that seems a bargain can’t be financed because it has obsolete knob-and-tube wiring which no one will insure.  Your dream house has a roof that is shot so it fails the insurance inspection. Yes a new roof might only cost $5000 but you can’t get financed because you can’t get insured.  It is a catch-22.  So what happens to these homes?

 

The 50 year old house that can not pass the insurance inspection takes an even bigger price cut.  That home now has to be priced to appeal to a CASH BUYER.  That is a discount of 60-80% of what it might sell for if it was insurable to a level satisfactory to mortgage lenders. That is a factor that sites that give automated values can't factor into their models (Zillow is the most well known) because it requires a real ground level understanding of what is influencing values in an area.

 

This may sound a bit crazy but I have had several examples this year of homes that went to cash buyers for under 45K and resold for 110K or more after being fixed, some with less than 15K in repairs.

 

When you take out the homes that will not pass the insurance inspection the available inventory is very scarce in central Tampa.

Just click the image with my contact information to search my site for your perfect bungalow or vintage home.

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What A Bargain...1308 Conover St., Tampa
Rick Fifer, REALTOR, Heights Bungalows and Vintage Homes (FLORIDA EXECUTIVE REALTY)

 

This cozy little bungalow is simply charming. FHA okay.  3/1 Open front porch is inviting. Inside you will find beautiful hardwood floors in the living room, hall way and front bedroom.  The kitchen is open and spacious with ceramic tile.  The dining room features a built-in display case for your china or other items.  3 bedrooms. Detached 1 car garage with space for a workshop.  New roof installed the last week of April.  Other items included: central heat and air, ceiling fans, dishwasher, range, and refrigerator.  All for a really great price.  NOT A SHORT SALE!  MLS T2468024. Asking just 69.9K  Motivated seller will assist with closing costs.

 

 

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The times are Changin'
Rick Fifer, REALTOR, Heights Bungalows and Vintage Homes (FLORIDA EXECUTIVE REALTY)

"Because something is happening here
But you don't know what it is
Do you, Mister Jones ?"
The chorus from Bob Dylan's Ballad of a Thin Man is reflective of what is happening in our local real estate market.  Properties are moving at one of the quickest paces in more than 4 years.  New short sales in good condition are receiving multiple, above list price offers.  Still the talking heads say the market isn't done dropping.  Yes something is happening.  We have to live into the future but looking in the rear view mirror say are market has changed.  When I said the collapse had begun in my market in 2005 people told me I didn't know what I was talking about.  Now I am getting told that all over again.

I just met with an appraiser today, pulled some comparable properties that have sold or which are pending. The many of nicest homes in the greater Seminole Heights area have all gone under contract in 60 days.  Same discussion I had with an appraiser last week.  And the week before.  Different sizes, Different locations but all under contract in less than 60 days.  Many aren't even remaining active for even a month.

So do all those folks talking about real estate have you confused?  You are not alone.  I just met with a customer about listing her home.  She spoke to another agent told her she would be lucky to sell it for 59k!  Silly me I told her a figure significantly higher and I wasn't trying to "buy the listing."

Just one more reason to list with a local agent that actually KNOWS the neighborhood. Just click the image below.

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Credit Repair Techniques - Part 1 of 3
Jim Poole, Zero Down, USDA Purchase Loans, FHA 203(K) Rehab & VA Streamline Loans

Credit Repair Techniques - Part 1 of 3

The first step in credit repair is to understand that anything a credit repair service can do for you, you can do for yourself by following these simple steps.

If you have been notified that you have adverse credit or declined for a loan based on the findings in your credit report you should contact all 3 credit reporting agencies and request a copy of your credit report with-in 60 days of being notified. The 3 companies namely Equifax, Experian and TransUnion have a central website and a toll free number.

They are required by law to send you a copy of your report free of any charge if you contact them through the following method.

Go to WWW.ANNUALCREDITREPORT.COM or call 1-877-322-8228

Below is a Sample Dispute form you will send in once you receive your reports to dispute any inaccurate information in your report.

This form can be found at ftc.gov

Sample Dispute Letter

Date
Your Name
Your Address,
City, State, Zip Code

Complaint Department
Name of Company
Address
City, State, Zip Code

Dear Sir or Madam:

I am writing to dispute the following information in my file. The items I dispute also are encircled on the attached copy of the report I received.

This item (identify item(s) disputed by name of source, such as creditors or tax court, and identify type of item, such as credit account, judgment, etc.) is (inaccurate or incomplete) because (describe what is inaccurate or incomplete and why). I am requesting that the item be deleted (or request another specific change) to correct the information.

Enclosed are copies of (use this sentence if applicable and describe any enclosed documentation, such as payment records, court documents) supporting my position. Please investigate this (these) matter(s) and (delete or correct) the disputed item(s) as soon as possible.

Sincerely,
Your name

Enclosures: (List what you are enclosing.)

 

Please return for more information on how to Improve your credit scores legally via credit card consolidation and manipulation. How many credit cards is it good to have? How many is too many? Are my balances to low or to high on certain credit cards and how can I consolidate them to maximize my scores? All this and much more.

Part 1 of 3

 

Jim Poole

Senior Loan Officer NMLS #351358

813.205.7958 Mobile

jptampa@live.com 

 

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1415 Clifton 1350 sq ft + over 800 sq ft basement
Rick Fifer, REALTOR, Heights Bungalows and Vintage Homes (FLORIDA EXECUTIVE REALTY)

 How many times have to seen a great home with no storage space?  That won't be the case with this home. How many Florida homes can offer you a cement basement with over 800 sq ft?  Okay you're not just buying a basement; this home has 1350 sq ft of air conditioned space with a large eat-in kitchen, living room, family room/dining room, 2 very spacious bedrooms, and 2 baths.  The master bedroom is large with its own bath and a walk-in closet that is nearly the size of a small bedroom. Wood floors in Living room, family room and hall, ceramic tile in kitchen and baths, carpeting in bedrooms Enjoy the energy savings of the newer double-pane low-E glass casement windows. There is an attached oversized 2 car garage with steps down into that enormous basement. Huge fenced back yard.  This great home is located in the Hampton Terrace area of Seminole Heights.

MLS: T2465498 Asking price 160,000

For more images please visit my website at Vintage-Homes.com

  

Rick Fifer, 813-758-7444 Florida Executive Realty

 

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