Doris Arnold | Nocatee Real Estate, Ponte Vedra Real Estate, St. Johns Real Estate


Why build when you can move into this 5 bedroom home with a bonus room now. This floorplan has it all. Dream kitchen with SS appliances, granite counters, center island and large walk in pantry. Kitchen overlooks eat in area and large family room all overlooking screened in patio and located on a large lot overlooking the preserve. Both sides of backyard are fenced. Downstairs is a guest bedroom with full bath. Upstairs is oversized master with glamour bath and two closets. Also upstairs are 3 more bedrooms and huge bonus room. Home is located on the same street as the new Freedom Crossing Academy (1 mile away) so kids can ride their bikes to school. This home is a must see and only 5 years old.

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214 Shetland Dr, ST JOHNS, FL 32259  

Residential
$340,000
Price
5
Bedrooms
3
Baths
Why build when you can move into this 5 bedroom home with a bonus room now. This floorplan has it all. Dream kitchen with SS appliances, granite counters, center island and large walk in pantry. Kitchen overlooks eat in area and large family room all overlooking screened in patio and located on a large lot overlooking the preserve. Both sides of backyard are fenced. Downstairs is a guest bedroom with full bath. Upstairs is oversized master with glamour bath and two closets. Also upstairs are 3 more bedrooms and huge bonus room. Home is located on the same street as the new Freedom Crossing Academy (1 mile away) so kids can ride their bikes to school. This home is a must see and only 5 years old.


Refinancing your home can have many benefits. First, you’ll be able to take out money to address immediate needs in your home like improvement projects. These things can only benefit your home’s value in the long term. Before you take the leap to refinance your home, you should be sure that you’re actually ready to take this step. Knowing what you’re in for allows the entire process to go more smoothly. Read on for tip to understand more about the refinancing process and what you’ll need.


Know Your Finances


Just like when you initially purchase a home, refinancing your home will require you to have your finances in order. Take a look at your budget and needs and determine if it makes sense for you to refinance your home. For example, your employment status or distance from life goals like retirement could have a factor on the term of the loan you’re willing to take out. A 15-year mortgage may make more sense than a 30-year mortgage, but your monthly payments will also be a bit higher. You need to take all of this into consideration before you refinance. 


Your credit score will also be a factor in refinancing your home just as it was when you initially bought your house. Check your score and see if any red flags pop up. Getting these corrected earlier rather than later can help you to get a better rate on the loan. There are plenty of free services that exist online that allow you to check your credit score.   


Know The Value Of Your Home


If you know the value of your home and understand how much equity you’ve built up in the house, it will give you a better idea of your refinancing options. You can’t get more than 70% of what your home is currently worth as a cash-out refinance. If you owe more than your home is worth, you might be in a tighter financial situation than you realize. You can do plenty of things to increase the value of your home; it will just take some time. You may even consider selling your house, making a move, and starting from scratch. Financially, this could be the best option, and you could also end up with a better interest rate.


Getting your finances in order and the simple act of preparing for a home refinance could give you some insight into your financial picture after being a homeowner for some time.


Stay out of debt. Don’t open new accounts. Pay down any debt you may have. That is the standard advice for people who are trying to get in good financial standing before buying a home or refinancing a home. 


Do some research and find the best home loan refinance rates around. Then, look into your own finances and decide what’s best for you regarding refinancing your home loan.      



With rent prices shooting soaring across the country, many young Americans who were previously happy renting while they saved for a home are now turning to other options.

One common solution is a starter home. If you want to keep your monthly mortgage prices low while being able to build equity and slowly save for your “forever home.” a starter home can be a great option for first-time buyers.

When does it make sense to buy a starter home?

Buying a home means mortgage payments, home maintenance and repairs, and closing costs. However, they can also be a great introduction to the responsibilities of homeownership.

Better yet, starter homes allow you to build equity that can be used toward the down payment of your next home, something that first-time buyers often struggle with. This could help you secure a lower interest rate and avoid costly private mortgage insurance (PMI).

Sounds great, right? But when shouldn’t you buy a starter home?

It might not make sense to buy a starter home if you don’t plan on living in it at least 3-4 years. You might find that the cost of renting is less than that of your mortgage payments and closing costs if you don’t live in the home long enough to reap the rewards.

It also might not be a good idea if your family is going to outgrow a small home in the next few years for the same reasons mentioned above. That makes it all the more important to discuss your long term plans with your spouse before considering a home.

Things to look for in a starter home

1. Resale value

One of the most important aspects of your starter home should be the ability to resell it in the future. Now, there is an endless number of factors that go into the marketability of a home. Key factors include the condition of the home and keeping it well-maintained, as well as the location of the home. Buying a starter home in an area that will attract young professionals down the road is typically a good investment.

2. Small size = low price

It probably goes without saying, but finding a home with a low price, at the expense of square-footage, is most often a smart choice when it comes to starter homes.

Small homes are cheaper to buy, cheaper to heat, and cheaper to maintain. However, since housing prices are trending upward, you’ll likely still see a positive return on your investment in ~5 years time when you’re hoping to buy again.

3. Reasonable home improvements

If you can spare the time, buying a starter home that needs some work can be an excellent investment. It can be more difficult later on when you have a large family to care for and less time to focus on making improvements.


This stunning home located in prestigious St. Johns Golf and Country Club is loaded with upgrades. Home has been upgraded with hardwood floors throughout. Kitchen upgraded with California granite counters with SS farm sink, gas 5 burner stove with double oven and much more. Backyard is amazing with 800 square foot screened paver patio which includes a huge stone gas fireplace, dining area, large stone dry bar with seating and travertine counter which includes refrigerator. Covered area has wood beadboard ceiling. Garage is a mans dream with Monkey Bar wall cabinets and Butcher Block counter with workbench and A/C diverter with 3 vents. Driveway has been widened with pavers. This home is located at the end of the street w/preserve on the side and back. Home will not last long.

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