The home you are inquiring about is located in The Oaks a great little community located right off US1 on the north end of Hobe Sound. The community has had a couple different builders involved with some Chinese drywall issues that have pretty much been resolved in the initial phase. The builder really stepped up to the plate in this development when it came to the drywall and remediated most of the homes.
The association fees run $240 per month which does include your basic cable and lawn maintenance. There has been a lot of foreclosure activity as many of the homes were built and originally sold at the height of the market. The home you are asking about is one of those and is a short sale that is under contract waiting for lender approval which can be a lengthy process. Many buyers walk during this process so if you would like me to notify you if this one becomes available just let me know.
There have been 4 sales in the community over the past 90 days and there are 12 listings that are either active or under contract so the current absorption rate is about 9 months which represents a fairly balanced market. Overall the local real estate market is very, very strong with homes that are priced well and in good condition selling almost immediately. Much of the other inventory is either in poor condition or over priced. It is imperative that buyers are working with an agent who can notify them immediately of new opportunities matching their specific needs as new listings that are positioned properly will sell within days, if not hours.
Of the 8 active listings in the community none are short sales but we do have a Fannie Mae foreclosure that has been on the market for 17 days and is close to being gone. Of the rest there are a few overpriced listings and a few that are worth further exploration. Watch closely for lot location as those backing to US 1 have less value and those with lake frontage will tend to perform better over the long run. I know the community very well and if I can be of any service to you or your family please feel free to contact me at your convenience.
The very best of luck to you and I hope this information is helpful but if you need anything additional please do not hesitate to give me a call.
Always at Your Service,
Tom Priester e-PRO
"Results Driven Real Estate"
Keller Williams Realty
$240 per month and do include pool, gate, and lawn mowing. The house is under contract but there are other homes on the market. I have a house for sale in The Oaks that is not a short sale or foreclosure. 4 bedrooms, 3 bath with a bonus room and on the lake. Give me a call or email if you are interested in that house or any others.
Dawn Van Dyke
Keller Williams Realty
Otherwise, visit the following web pages for other single family homes currently available in Hobe Sound with 3+ bedrooms, 2+ garage, and priced under $300K;
Contact me for additional information or to schedule a showing!
Jack Liebsch II
Home Run Real Estate
Feel free to call me if you would like more information.