Update: 54 Round Road sold for $931,000!
Rosemary Beach has only had 4 Bank Owned Homes come onto the market: 57 Bourne Lane sold after being on the market for 14 days as an REO, the carriage house on 8 Dill Lane lasted 16 days on the market and 69 Johnstown Lane just went under contract on the 20th of April 2010. Bank Owned properties in Rosemary Beach do not last long! In fact there are currently 14 homes under contract and 16 have sold since January 2010 in Rosemary Beach which is a 16X increase from the same period in 2009! Homes are selling in Rosemary Beach and buyers are snatching up great buys quickly.
54 Round Road is the latest of the Bank Owned Properties or REOs to hit Rosemary Beach. Team Baranowski has been watching this him closely as it went through it assignment to an asset manager at Wachovia then be assigned to an REO agent and then go though some minor cosmetic updates…and onto the market. This home foreclosed in December and is being watched by many savvy buyers. The home snuck onto the market quietly as it was listed in Panama City MLS versus the Emerald Coast MLS and has not been seen by many 30A Realtors.
Rosemary Beach Homes and Condos for Sale
Rosemary Beach Distressed Property for Sale
Rosemary Beach Market Analysis and Market Snapshot
54 Round Road in Rosemary Beach
54 Round Road needs some TLC and upgrades to make it a classic Rosemary Beach Luxury Home. It's location is outstanding, situated on the South Side of Rosemary Beach with only a short walk to the Eastern Green and beach access. This home's corner location offers three sides of privacy with only one side sharing a property line with another home. This bank owned property in Rosemary Beach has a main house with 4 bedrooms and 3 and 1 half baths and a comfortable sized carriage house. 54 Round Road has a private courtyard, a large carport, 2 laundry areas and ample porch areas for enjoying the evening gulf breezes.
Rental income is estimated to gross $80,000 to $100,000 per year based upon the home's superior location, gulf views, size and functional floor plan. 54 Round Road would be a steal at $1.1 million to $1.2 million compared to other comparables in Rosemary Beach. With some key upgrades and chic furnishings this home would be valued at $1.5 million to $1.6 million! This wonderful Rosemary Beach home will not last long!
Rosemary Beach Bank Owned Property 54 Round Road
Offered at $975,000
3,136sf
5 Bedrooms, 4 Full Baths, 1 Half Bath
Built in 2001
If you are interested in buying a distressed property on Scenic 30-A or if you are interested in Team Baranowski listing your home. Please give Tracy Baranowski a call at 850.259.4270 or Craig Baranowski at 850.259.1788 or email us info@teambaranowski.com.
Reduced to $1.2 Million on May 25th!! Call 850.259.1788 for Details!
Just Reduced to $975K!! Call 850.259.1788 for Details!
Back on Market $899K!! Call 850.259.1788 for Details!
54 Round Road was put back on the market at $899K. There were 5 cash offers in 24 hours. The lender and agent shut down any more offers as it was starting to get out of control. This definitely will be on my list for one of the BEST DISTRESSED DEALS FOR 2010!
This foreclosure in Rosemary Beach sold for $931K in September 2010.