Home for sale in Oviedo - Watch Video

New video on 'Just Reduced' listing in Oviedo! This home is nearly 3,000 sq ft and priced to sell at $264,900 with seller paying 2.5% of your closing costs! 

 

 

Email this property to a friend. 

Description: Better act quickly as this house is priced to sell! Shows like a MODEL HOME and can be ready for a quick closing. This 4 bedroom 2.5 baths with almost 3000 square feet has everything you have been looking for in a home. The downstairs is great for entertaining with a spacious living and dining room. The kitchen has a BREAKFAST BAR and nice dining nook. It overlooks the SPACIOUS FAMILY ROOM with sliding doors that open to your private backyard. Nestled among the shade trees, enjoy grilling on your outdoor patio while overlooking a greenbelt area. NO REAR NEIGHBORS! The upstairs is so large it feels like another house. The master bedrooms is sure to please with expansive space, including a sitting area, and walk in closet. The master bathroom is complete with DOUBLE VANITY, GARDEN TUB and WALK IN SHOWER. The other 3 bedrooms upstairs are larger than normal and are connected with a nice bonus area. Walk to the local A rated elementary school. Other amenities include UPDATED LIGHT FIXTURES, NEW CARPET AND TILE and newer A/C. This one won't last long! 

 

What is a Zestimate???

This is a great article of Zillow.com that explains how they arrive at their "Zestimate" value on homes, and other tools they have available. Enjoy!


The Zestimate (pronounced ZEST-ti-met, rhymes with estimate) home valuation is Zillow's estimated market value, computed using a proprietary formula. It is not an appraisal. It is a starting point in determining a home's value. The Zestimate is pulled from data; your real estate agent or appraiser physically inspects the home and takes special features, location, and market conditions into account. Variations in price also occur because of negotiating factors, closing costs, and timing of closing. We encourage buyers, sellers, and homeowners to supplement Zillow's information by doing other research such as:

    * Getting a Comparative Market Analysis (CMA) from a real estate agent

    * Getting an appraisal from a professional appraiser

    * Visiting the house (whenever possible)

    * Creating your own estimate using the My Estimator home valuation tool


What's the Value Range?

The Value Range, which is related to the Zestimate, shows the high and low values of a home (e.g., Zestimate is $260,503; Value Range is $226,638-$307,394). The Value Range can vary in magnitude depending on our historical ability to estimate similar homes. A bigger range indicates less data or more volatility in the data. A smaller value range means we have lots of information to help compute the Zestimate and Value Range.

My Zestimate is too low - or too high. What gives?

As we said, the Zestimate is a starting point in figuring out the true value of a house. For one thing, the amount of data we have affects the Zestimate accuracy. If your home facts are incorrect, you can update your facts, which may affect your Zestimate value. Also, we've never been to your house, never seen your expertise with colors and landscaping. So we've given you a way to consider them (and other things) in calculating a home's value. Use the My Estimator tool to create your own estimate. If you are estimating your own house, you can even make your estimate public, which is extremely valuable if you're posting your home for sale.

How does the amount of data affect it?

For example, the number of transactions in a geographic area affects how much we know about prevailing market values of homes there. The more transactions, the more data and the more accurate the Zestimate will be. Also, we use public data for house attributes, and some areas report more data than others. The more attributes we know about homes in an area (including yours), the better the Zestimate. Remember that homeowners can also update their home facts if they feel they are incorrect, and they may affect the Zestimate value.

Is a Zestimate an appraisal?

No. The Zestimate is not an appraisal and you won't be able to use it in place of an appraisal, though you can certainly share it with real estate professionals. It is a computer-generated estimate of the worth of a house today, given the available data. Zillow.com does not offer the Zestimate as the basis of any specific real-estate-related financial transaction. Our data sources may be incomplete or incorrect; also, we have not physically inspected a specific home. Remember, the Zestimate is a starting point and does not consider all the market intricacies that can determine the actual price a house will sell for, such as entertaining offers, negotiating, closing costs, timing, etc.

How do we come up with the Zestimate?

We compute this figure by taking zillions of data points - much of this data is public - and entering them into a formula. This formula is built using what our statisticians call "a proprietary algorithm" - big words for "secret formula." Currently, we calculate a Zestimate for more than 70 million homes and have data on 20 million more. 

What's in this formula?

One eye of newt ... Actually, it's less wizardry than mathematics. When our statisticians developed the model to determine home values, they explored how homes in certain areas were similar (i.e., number of bedrooms and baths, and a myriad of other details) and then looked at the relationships between actual sale prices and those home details. These relationships form a pattern, and they used that pattern to develop a model to estimate a market value for a home.

Is that all there is to it?

That's oversimplifying something that is incredibly robust and sophisticated, but it's the basics. Hundreds of home details feed into the formula and the home characteristics are given different weights according to their influence in a given geography and over a specific period of time. And, because the details are always changing, the Zestimate is extremely timely - it indicates the value of a home based on the most recent data available in an area. We receive new data and update the Zestimate regularly to capture new sales in a neighborhood. However, there is a delay between when the county is notified of a transaction and when we find out about it. We might not know for some time about the sale of that house down the street from you that happened last week.

Why do I see home values for the past?

We not only have Zestimates for homes now, we have used massive computing cycles to go back in time to generate historic Zestimates as well. Sound hard? It is, but it's critical because it allows you to see how a home (or an area) has appreciated in value over the years. You can see a home's appreciation in a chart that looks just like a stock table. Your home is, after all, a major asset in your overall portfolio.

How accurate is the Zestimate overall?

Our accuracy depends on the home data we receive; see our Data Coverage and Zestimate Accuracy table to see how accurate we are in your area. (You can refine the Zestimate using the "My Estimator" tool, adding things you may know about but we don't, such as remodeling information.) When it comes to unique homes (e.g., luxury mansions, unusual designs) we are less accurate in our Zestimates.

Who calculates the Zestimate and how do they do it?

We don't have homing pigeons flying from land parcel to land parcel to come up with the Zestimate for a house, but we DO have statisticians who work all day - and some nights - with a huge amount of data. They live and breathe valuation models and tweak algorithms to get us closer to actual market value.

But you don't know about my granite kitchen counter and my river view!

It's true, we've never been to your house, never seen your expertise with colors and landscaping. Only you know those things. So we've given you a way to consider them in calculating a home's value with the My Estimator tool. Enter an address for any home, then click on "Create an estimate." My Estimator will walk you through the steps to adjust your valuation.

Can I use the Zestimate to get a loan?

No, you can't. To get a federally guaranteed loan, a law called FIRREA (the Federal Institutions Reform, Recovery and Enforcement Act) requires an appraisal from a professional appraiser. The Zestimate is our estimate of fair market value, a starting point for home buyers and sellers and anyone just plain interested in the value of houses. You can use it in negotiating, in judging market trends, and in calculating all sorts of things for your personal purposes. But, if you needed a loan or help in understanding the ins and outs of financing, please visit our section on investing.

Where does all the information come from? How can you know all this stuff?

It all comes from public data. The data is public because it's a consumer's right to have access to information about what is to be their most important investment - their homes. What? You've never seen it? That's because it is hard to find and hidden in multiple sources. Zillow has done the legwork for you by getting huge amounts of data from many sources and creating something unique that the public sources don't provide - a Zestimate of your home based on the public data.


*Source: http://www.zillow.com/wikipages/What-is-a-Zestimate/

Inspection Day

Closing Day...

Best Bites in Oviedo (Part 1)

My family and I moved here to Oviedo in 1994 when I was still a little guy. Coming originally from Alabama it was in our blood to find the local favorites, because the day revolves around what for breakfast, lunch, & dinner. To this day I find it humurous everytime I am sitting at an early breakfast, and the discussion is about where we are eating lunch. Nonetheless, we found the places to eat.

The first place we stumbled upon was "Big John's." When my youngest brother was born my dad made it a new year's resolution to take my brother and I to Big John's every Friday for breakfast to spend a little more quality time with us. This started almost 13 years ago, and it has been a rare event that any of us have missed. Big John's offers a full breakfast special including eggs, pancakes, and bacon for about $3. This isn't all they offer but it's pretty much the only thing I've ever ordered.

Big John's is on 434 in downtown Oviedo just past the Post Office. Don't let the outside fool you, the food is excellent, and the people are great. Also, just so you're not surprised Big John has now become Big Joe since we have been going there.

Stay tuned for the next local restaurant. This one is where we have our Monday morning Core Group meetings...

Location, Location, Location?

There have been three key words that have surrounded the world of real estate since its beginning. They have defined good investment decisions, home buying decisions, and become a rule of thumb for everyone from first time homebuyers to billionaire tycoons. Location, Location, Location has been the keystone for every real estate purchase. Now, with the tides changing to a slower marketplace in a down economy these words have also begun to evolve. In our current residential marketplace in Central Florida those words have become Price, Price, Price.

We have seen time and time again, great homes, in great locations sit vacant for months and months. On the flip side, we have seen subpar homes, in mediocre neighborhoods receive three and four offers the first day on the market. This has become a trend that is carrying across all price ranges in all neighborhoods. There are a few reasons for this trend. First, buyers are more educated now than they ever have been in the past. The internet has allowed buyers to search through all the available homes on the market without ever leaving their couch. By the time they get out and begin physically looking at properties they are so aware of what it is they are looking for that they are much quicker to write an offer. The key to getting these offers is to have it priced at a point where they are willing to schedule a physical showing. Secondly, investors are a pocket of buyers that have not previously been competing with residential home buyers. Investors can smell value before it hits the MLS and are prepared to write an offer, sometimes, sight unseen.

With all this being said, if you are attempting to sell a home you need to be aware of the circumstances. Pricing for a quick sale does not mean a cheap sale. Well educated buyers are willing to pay market value for a home. Often times sellers price a home with “negotiating room” which leads to them losing much of their buyers market and ultimately taking less for their property due to a lack of demand. Weary sellers can’t negotiate well and never will. Get the most out of your sale by competitively pricing your home.

Keep the new rule of thumb in mind. PRICE, PRICE, PRICE!

Listing Leaders

Coldwell Banker Residential Real Estate’s August Sales and Listings Leaders

Winter Springs, FL, (September 14, 2009) – Anne-Marie Wurzel was named sales leader and Cheryl and Justin Core were named listings leader at Coldwell Banker Residential Real Estate’s Winter Springs office.

According to David W. Robinson, CRS, GRI, Managing Broker of the Coldwell Banker Winter Springs office, “It is a real pleasure to recognize the hard work, dedication and contributions of Anne-Marie, Cheryl and Justin.”

Anne-Marie Wurzel, Cheryl and Justin Core may be reached at the Winter Springs office at 407-696-8000.

About Coldwell Banker Residential Real Estate

Coldwell Banker Residential Real Estate (FloridaMoves.com), is the leading real estate brokerage company in Florida, serving the communities of Central Florida, Palm Beach, Southeast Florida, Southwest Florida and Tampa Bay. Coldwell Banker Residential Real Estate is part of NRT LLC, the nation’s largest residential real estate brokerage company. NRT, a subsidiary of Realogy Corporation, operates Realogy’s company-owned real estate brokerage offices.
For more information, visit our Web site, www.FloridaMoves.com/WinterSprings

and www.FloridaMovesNews.com

Any house. Any time. Anywhere.