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First National Bank of Central Florida is offering the following bank owned properties in Central Florida and the Orlando area for sale. Bank owned properties, also known as REO or OREO (Other Real Estate Owned), are properties that have been procurred through the foreclosure process and sold “as-is”. Banks sell these assets for a number of reasons, one being to reduce and diversify exposure in a particular property type.
With low rates and a volatile stock market, many successful investors are buying these foreclosures, homes, and properties from banks. The following page contains important information about each of our OREO properties. If you are interested in a particular property, contact the associate or agent listed at the bottom of the listing.
Financing is available for these properties. For financing or property details, contact:
Brendan Boyle , Senior VP/Special Assets | T: (407) 539-7726 | Email: bboyle@fnbcfla.com
19714 Sheldon Street
PENDING SALE: $290,000
The property is a four bedroom, three bathroom, two story, two car garage, single family home located in Cape Orlando Estates on nearly 2 acres of land. The property features granite countertops, black appliances, 42” cabinets, whirlpool tub, French doors, security system, three covered porches and a covered entry way. The subject property is located just north of State Road 528 approximately 20 miles east of Downtown Orlando in Wedgefield. The property is currently occupied please respect the tenant's privacy.
For more information please contact:
Janet Bowers, Century 21 | T: (407) 433 – 6350 | janetbaypointe@bellsouth.net
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163 Hibiscus Road , Edgewater , FL
List Price: $110,000.00
The subject property is a .20 acre vacant lot in Edgewater , FL. The lot is zoned single family residential and boasts canal views.
For more information please contact:
Mark L. Allen, Professional Real Estate Center T: 321.689.8000, email: mallen@ccim.net
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1073 Willa Springs Drive
List Price: Please Contact
2009 Working Tax Value: $218,500.00 (valid as of 8/26/09)
2009 Estimated Property Taxes: $4,237.42 (valid as of 8/26/09)
The property consists of a 625 sq. ft. office condominium unit identified as Unit 109 of the Sternon Plaza , located on Willa Springs Drive in Winter Springs Florida . The building was constructed in 2006 and contains 28 condominium units. As part of a larger parent building, the subject unit enjoys common access areas, utility and parking easements with the overall development. The building has extensive Italian craftsmanship such as sculptures, hand painted frescoes and detailed mosaic floor designs in the common areas of the grounds, interior lobbies and hallways.
For more information please contact:
Louis F. Joachim, Dover Inter Nat'l Realty | T: (407) 592-9488 | Email: Ljoachim@doverintl.com
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MiraBay Parcel 22
List Price: Please Contact
Current Tax Value: $2,803,120 (as of 7/30/09)
Property Taxes: $57,144.13 (as of 7/30/09)
The parcel consists of 26.23 acres (gross area) of land currently entitled for the development of 224 multi-family condo units. The site is part of MiraBay, a 750-acre master planned development with single family and multi-family developments, a clubhouse, pools, a wilderness park, racquet club, etc. As a part of the MiraBay community, the site has access to all of the above mentioned amenities. The subject property is located along the north/west side of U.S. Highway 41, south of Villemarie Road in Apollo Beach , Hillsborough County , Florida .
For more information please contact:
Mark Hayes, CCIM | T: (407) 228-0570 | Cell: (407) 383-8400
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Euclid Avenue at Delaware Avenue - REDUCED PRICE!
NEW: List Price:
0020: $ 40,000 0030: $ 40,000 0040: $ 40,000 0050: $ 40,000
0060: $ 40,000 0070: $ 40,000 0090: $ 40,000 0100: $ 40,000 0110: $ 40,000
The subject property consists of the remaining nine 1/2 acre lots that comprise the Edgewood Estates Subdivision in Lake Helen , Florida . Lots may be purchased individually. The lots are located within the Edgewood Estates Subdivision along the west side of Euclid Avenue South and on the north and south sides of Delaware Avenue West in Lake Helen , Volusia County , Florida .
For more information please contact:
Ann E. Nehrig, West Volusia Properties T: 386.801.4928 | Email: nehrigann48@hotmail.com
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16626 Orange Avenue , Eustis , Florida 32784 List Price: $1,700,000
The subject property is a 72 gross acre tract of vacant land located at the southeast quadrant of Orange Avenue and Wiley Lane in Eustis, Florida . The location is approximately one-half mile east of S.R. 19.
For more information please contact:
Isa Cusack, Director of Marketing & Business Development
T: (407) 539-7725 | E: icusack@fnbcfla.com
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Commercial Property on State Road 520
List Price: $2,550,000.00
2009 Working Tax Value: $4,008,250.00 (as of 7/30/09)
Estimated Property Taxes: $65,828.70 (as of 7/30/09)
The property is a 17.37 acre tract of land located on the north side of State Road 520. The property is zoned C-1, (Retail Commercial) by Orange County . The property is located in east Orange County on State Road 520, approximately twenty miles east of downtown Orlando .
For more information please contact:
Janet Bowers, Century 21 | T: (407) 433 – 6350 | janetbaypointe@bellsouth.net
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Nova Road, St. Cloud , Florida 34771
List Price: Please Contact
The property is a 71.36 acre tract of land located in St. Cloud , Florida .
For more information please contact:
Isa Cusack, Director of Marketing & Business Development
T: (407) 539-7725 | E: icusack@fnbcfla.com
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SOLD: 7165 Wild Blackberry Trail, Winter Garden , Florida 34787
List Price: $245,000.00
The subject property is a .65 acre lot located within the Independence subdivision in Winter Garden Florida . The subdivision features street lights and water front properties. The property is zoned Single Family Residential Planned Unit Development.
For more information please contact:
Ralph Spano | T: (407) 936-2186 | rspano@aol.com
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14730 Avenue of the Rushes, Winter Garden , Florida 34787
PENDING SALE: List Price: $225,000.00
The subject property is a .70 acre lot located within the Independence subdivision in Winter Garden Florida . The subdivision features street lights and water front properties. The property is zoned Single Family Residential Planned Unit Development.
For more information please contact:
Ralph Spano | T: (407) 936-2186 | rspano@aol.com
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S.R. 44 just West of Cassia Church Road
List Price: Call for price
The subject property is a 20.55 gross acre parcel of land containing approximately 12 acres of useable upland area. Previously being a fern farm, the property contains various improvements consisting of irrigation piping, water pumps and a work shed. It is located between the north side of Owens Pond and S.R. 44, just west of Cassia Church Road in an unincorporated area of Lake County, Florida. Access to the site is provided via a 15 foot easement from S.R. 44. The subject property is zoned Agriculture and allows for the construction of a Single Family Residence.
For more information please contact:
Isa Cusack , Director of Marketing & Business Development
T: (407) 539-7725 | E: icusack@fnbcfla.com
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Umatilla Land Property
List Price: Please Contact
2009 Working Tax Value: $ 4,784,552.00 (as of 7/30/09)
Estimated Property Taxes: $ 99,863.77 ( as of 7/30/09)
The subject property is a 321 acre (gross) tract of land located in the southeast quadrant of U.S. Highway 27 and County Road 48 in Umatilla, Lake County , Florida . The property is zoned Residential “PUD” (Planned Unit Development) District by the city of Umatilla .
For more information please contact:
Louis F. Joachim, Dover Inter Nat'l Realty | T: (407) 592-9488 | Email: Ljoachim@doverintl.com
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