THURSDAY, NOVEMBER 2, 2017
HOUSE + HOME Lingering effects
BY THE NUMBERS
$51,676,838
total verified storm damage in Orange County
3,001
The Orlando Regional Realtor Association reported sales of single-family homes in September decreased by 20.8% in 2017.
I
ORANGE COUNTY
t’s been nearly two months since Hurricane Irma unleashed its winds and rains on Central Florida, but its impacts were felt beyond physical damage. According to the Orlando Regional Realtor Association, Realtors expected a September sales decline. And compared with September 2016 — down by 20% — and August of this year — down by nearly 30% — sales did plummet. ORRA President Bruce Elliott, of Regal R.E. Professionals LLC, said hurricanes delay closings because of the extenuating circumstances brought on by the storms, including power loss
$225,000
2.2% from August. But despite the hurricane and the drop in sales for September, ORRA representatives said that the overall median price of Orlando-area homes (all types) continued its upward trend, which is 9.8% above the September 2016 median price. DISASTER RELIEF
With Irma now far in the rearview, the focus of some Florida homeowners and the Federal Emergency Management Agency remains on recovery and repair. FEMA issued a Major Disaster Declaration for the majority of Florida counties, including all of Central Florida, Sept. 10, and continues to take applications for assistance through Nov. 24.
median price of Orlando homes sold in September 2017
$205,000
median price of Orlando homes sold in September 2016
74
consecutive months that increases in median price have been recorded
94.8
percent increase in overall median price of Orlando homes since July 2011
2.3
percent increase yearto-date of home sales in Orlando MSA
SEE IRMA’S PAGE 26
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BLACK TIE EDITOR
and home damage, the latter of which requires repair and further inspection prior to closing. “Hurricanes also typically cause a decline in inventory as properties are taken off the market for repair, or as owners stall plans to list their homes while they deal with hurricane aftermath,” Elliott said. “It’s no surprise that new listings for the month of September dropped by 31% compared to September of 2016.” Among members of ORRA, sales of single-family homes this past September decreased by 20.8% compared to September 2016, while condo sales decreased 12%. Additionally, the overall inventory of homes available for purchase this September decreased 16.6% when compared to September 2016, and decreased
AWARDS
DANIELLE HENDRIX
Orange County properties with verified storm damage
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THURSDAY, NOVEMBER 2, 2017
Irma’s effects
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While the Orlando-area real-estate market felt Irma’s impacts, it wasn’t the only thing that took a hit. The physical storm damage countywide affected a couple of thousand homeowners and businesses, too. And based on statistics from the Orange County Property Appraiser’s office, the final verified assessment of damage caused by Irma nearly doubled from initial mid-September reports. Initial reports after the hurricane totaled $24,866,775. But as homeowners and businesses continued to report damage throughout the month, as anticipated, the number increased to $51,676,838 by mid-October. According to the office, 2,873 residential properties and 128 commercial properties were damaged in the county. The property appraiser’s assessment of damage is part of what county leaders use to notify the Federal Emergency Management Administration. Anyone with questions regarding value of their property damage caused by Irma can call (407) 836-5044.
Homeowners dealing with flood damage are encouraged to take photos and videos of their flood-damaged properties and immediately removed damaged items to help reduce health risks related to mold growth. NFIP also has waived the initial Proof of Loss requirement. Adjusters will visit and assess damage, help document claims and submit a report to the insurance agency. Homeowners will only need to submit a Proof of Loss if they find additional flood damage, disagree with the insurance company’s payout or if the contractor’s estimate is more than the estimate on the initial report sent to the insurance company. The deadline to submit the Proof of Loss is one year from the date of the flood loss. Additionally, insurers must provide policyholders with the following: a copy of the adjuster’s report supporting the recommended payment; a written explanation of the difference in payment if less than the adjuster’s report; and an Adjuster Report Claim Payment Letter. For more information on recovery efforts, visit FEMA.gov/ IrmaFL or visit FEMA’s Facebook page.
CONTINUED FROM PAGE 25
Call Today!
ORANGE COUNTY DAMAGE REPORT
Thus far, FEMA has approved 720,588 applications for individual assistance across all 48 designated Florida counties. In total, it has also approved nearly $861 million for the individual and households program. “Federal disaster assistance for individuals and families can include money for rental assistance, essential home repairs, personal property losses and other serious disaster-related needs not covered by insurance,” according to its website. FEMA’s National Flood Insurance Program also has enhanced the flood insurance claims process in regards to how claims are filed. Some policyholders may be eligible for advance payments, which will be deducted from the final claim settlement, in which they can receive a check for up to $5,000 without an adjuster visit or additional documentation. They may also be eligible for up to $20,000 in advance payments if photographs and receipts validating the out-of-pocket expenses related to flood loss or a contractor’s itemized estimate are provided, according to FEMA.
“Hurricanes also typically cause a decline in inventory as properties are taken off the market for repair, or as owners stall plans to list their homes while they deal with hurricane aftermath. It’s no surprise that new listings for the month of September dropped by 720 Celebration Avenue, Suite 100, 31% compared to September of 2016.” Celebration FL 34747
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1211 Stonecutter Dr # 502 Celebration - Artisan Club
MLS # S4809113 3 bed 2.5 bath 2091 sq ft condo. 2 car garage
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604 Mulberry Ave # 1101 1410 Celebration Ave # 407 CelebrationOffered Celebration Offered at: $219,900
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ED Celebration Ave # 406 1400 C DU Celebration
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789 Celebration A Celebration
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THURSDAY, NOVEMBER 2, 2017
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REAL ESTATE
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THURSDAY, NOVEMBER 2, 2017
Reserve at Lake Butler Sound estate sells for $4.5M MICHAEL ENG EXECUTIVE EDITOR
A
home in the Reserve at Lake Butler Sound community in Win-
dermere topped all West Orange-area residential real-estate transactions from Oct. 20 to 27. The home at 11049 Bridge House Road,
DR. PHILLIPS BAY HARBOUR
The home at 8328 Lake Serene Drive, Orlando, sold Oct. 25, for $700,000. Built in 1998, it has five bedrooms, three-andone-half baths, a pool and 3,813 square feet. The price per square foot is $183.58. BRISTOL PARK
The home at 9309 Wickham Way, Orlando, sold Oct. 20, for $549,000. Built in 1993, it has four bedrooms, four baths, a pool and 3,595 square feet. The price per square foot is $152.71. CYPRESS POINT
Built in 2005, it has five
The home at 8738 Lake Tibet Court, Orlando, sold Oct. 24, for $1.965 million. Built in 1996, it has five bedrooms, sixand-one-half baths, a pool and 6,207 square feet. The price per square foot is $316.58.
bedrooms, seven baths,
LAFAYETTE CLUB
Windermere, sold Oct. 20, for $4.5 million.
two half-baths, a pool baths and 10,112 square feet of living area. The price per square foot is $445.03.
redfin.com
The home at 7625 San Remo Place, Orlando, sold Oct. 26, for $470,000. Built in 1996, it has four bedrooms, threeand-one-half baths, a pool and 2,892 square feet. The price per square foot is $162.52. VIZCAYA HEIGHTS
The condo at 8761 The Esplanade, No. 19, Orlando, sold Oct. 27, for $520,000. Built in 2004, it has three bedrooms, two baths and 2,549 square feet. The price per square foot is $204.
This Reserve at Lake Butler Sound home, at 11049 Bridge House Road, Windermere, sold Oct. 20, for $4.5 million. It features European architectural design and sits on 2.9 waterfront acres on Lake Butler.
WATERS EDGE AND BOCA POINTE AT TURTLE CREEK
The home at 10855 Emerald Chase Drive, Orlando, sold Oct. 27, for $1.39 million. Built in 1997, it has six bedrooms, seven baths, two half-baths, a pool and 7,002 square feet. The price per square foot is $198.51.
HORIZON WEST
BELMERE VILLAGE
The home at 11506 Vicolo Loop, Windermere, sold Oct. 27, for $300,000. Built in 2003, it has four bedrooms, two baths and
2,221 square feet. The price per square foot is $135.07. LAKE BURDEN SOUTH
The townhouse at 7533 Ripplepointe Way, Windermere, sold Oct. 27, for $303,500. Built in 2009, it has three bedrooms, two-and-one-half baths and 2,126 square feet. The price per square foot is $142.76. LAKE SAWYER
The home at 12644 Lake Sawyer Lane, Windermere, sold Oct. 24, for $661,500. Built in
1962, it has four bedrooms, three baths and 3,153 square feet. The price per square foot is $209.80. LAKESHORE PRESERVE
The townhouse at 8913 Lakeshore Pointe Drive, Winter Garden, sold Oct. 24, for $351,449. Built in 2017, it has three bedrooms, two-and-one-half baths and 2,016 square feet. The price per square foot is $174.33. LATHAM PARK NORTH
The home at 14084 Alford Drive,
PENDING
Lake Butler | $1,999,000
Wonderful lake house primely located on one acre of manicured grounds with 113 ft of sandy shoreline. 5,400 sf offers luxurious master suite, office and bonus room. Resort style backyard with stone patio, heated pool and spa, summer kitchen and boat house.
Winter Garden | $1,000,000
Private waterfront oasis with 374’ of sandy shoreline. Almost 6 acres walled and gated with NO HOA. Property includes 3,700 sf cottage and 1,800 sf workshop garage with lift. County approval for 7 lots including 3 waterfront.
Kissimmee | $795,000
Vacation destination! Furnished 5 bedroom home has been upgraded to appeal to high end guests. 3,600 sf interior features travertine floors, granite countertops, game room and 2 master suites. Tropical pool and spa with waterslide. Gated community close to new Margaritaville Resort.
Bay Hill | $1,425,000
Classic Bay Hill residence on the Butler Chain of Lakes. Stately exterior transitions to a warm cottage interior with 3,500 sf of living space. Large picture windows overlook lush pool area with summer kitchen and firepit. Prime waterfront offers unobstructed views and 139 ft of sandy shoreline.
PENDING
Amanda Black
REALTOR®, Interior Designer amandablackfl@gmail.com
Windermere | $595,000
Wonderful 4/3 pool home located on 1 acre shaded by oaks. Quiet cul de sac street ends at the water! 5 homes share a common dock on Lake Down. Detached workshop has drive through garage and 2nd floor loft.
Judy Black
Ocoee | $299,000
Impeccably maintained and updated 4 bedroom home. Corner lot in well established neighborhood. Kitchen and baths remodeled with wood cabinets and granite countertops. 10’ ceilings, tile floors and plantation shutters. Screened patio overlooks fenced yard.
Broker Associate 407.810.1803 judyblackfla@gmail.com
Lake Butler | $1,900,000
Prime Lake Butler custom home with all the bells and whistles. Spacious, open plan offers 6 bedrooms, 4.5 baths, designer island kitchen, huge game room and a safe room to ride out the next storm. Fenced yard, sea-walled waterfront and boathouse. No HOA dues or restrictions!
THE JUDY BLACK TEAM www.judyblacklakefront.com
255652
Winter Garden | $425,000
High and dry homesite among the rolling hills of West Orange County. Spacious 5 acres is cleared, leveled and ready for building. Fenced with cypress wood rail. 2 driveways, well and electric on property. Easy access to Turnpike and close to Winter Garden Village.
WINDERMERE OBSERVER
OrangeObserver.com
Winter Garden, sold Oct. 25, for $523,400. Built in 2017, it has four bedrooms, two-and-onehalf baths and 2,400 square feet. The price per square foot is $218.08. The home at 14186 Alford Drive, Winter Garden, sold Oct. 25, for $434,265. Built in 2017, it has five bedrooms, four-and-onehalf baths and 3,540 square feet. The price per square foot is $122.67. ORCHARD HILLS
The home at 5103 Palmetto Park Drive, Winter Garden, sold Oct. 23, for $375,885. Built in 2017, it has four bedrooms, three baths and 3,012 square feet. The price per square foot is $124.80. The home at 4924 Wildwood Pointe Road, Winter Garden, sold Oct. 27, for $354,799. Built in 2017, it has four bedrooms, three baths and 2,523 square feet. The price per square foot is $140.63. OVERLOOK AT HAMLIN
The home at 5635 Bowman Drive, Winter Garden, sold Oct. 20, for $327,000. Built in 2017, it has four bedrooms, three-andone-half baths and 2,369 square feet. The price per square foot is $138.03.
PRESTON SQUARE
The townhouse at 7060 Ventnor Drive, Windermere, sold Oct. 23, for $255,000. Built in 2008, it has three bedrooms, two-and-one-half baths and 1,642 square feet. The price per square foot is $155.30.
The home at 4089 Isabella Circle, Windermere, sold Oct. 24, for $1,833,658 million. Built in 2017, it has six bedrooms, six baths, two half-baths, a pool and 7,370 square feet of living area. The price per square foot is $248.80.
PROVIDENCE
KEENE’S POINTE
The home at 13238 Zori Lane, Windermere, sold Oct. 26, for $325,000. Built in 2002, it has four bedrooms, three baths and 2,984 square feet. The price per square foot is $108.91.
The home at 8254 Tibet Butler Drive, Windermere, sold Oct. 27, for $1.02 million. Built in 2008, it has four bedrooms, five baths, a pool and 4,710 square feet. The price per square foot is $216.56.
RESERVE AT BELMERE
The home at 11756 Deltic Drive, Windermere, sold Oct. 24, for $425,000. Built in 2005, it has four bedrooms, three baths and 2,870 square feet. The price per square foot is $148.08. SUMMERPORT TRAIL
The home at 13738 Summer Harbor Court, Windermere, sold Oct. 23, for $298,500. Built in 2015, it has four bedrooms, two-and-one-half baths and 2,115 square feet. The price per square foot is $141.13. THORNHILL
The home at 9430 Channingham Lane, Orlando, sold Oct. 27, for $455,000. Built in 2009, it has five bedrooms, three-andone-half baths and 4,001 square feet. The price per square foot is $113.72. WATERLEIGH
The home at 16131 Hampton Crossing Drive, Winter Garden, sold Oct. 25, for $340,107. Built in 2017, it has four bedrooms, three baths and 2,000 square feet. The price per square foot is $170.05.
redfin.com
This Cypress Shores home, at 8907 Trout Road, Orlando, sold Oct. 26, for $2.415 million. This estate, nicknamed “The Treehouse,” sits on 1.9 acres on Lake Sheen.
The home at 10272 Spring Shores Drive, Winter Garden, sold Oct. 24, for $260,490. Built in 2017, it has three bedrooms, two baths and 1,689 square feet. The price per square foot is $154.23.
SOUTHWEST ORANGE CYPRESS CHASE
The home at 9221 Pecky Cypress Way, No. 2, Orlando, sold Oct. 24, for $300,000. Built in 2004, it has four bedrooms, two baths and 2,095 square feet of living area. The price per square foot is $143.20. CYPRESS SHORES
The home at 8907 Trout Road, Orlando, sold Oct. 26, for $2.415 million. Built in 2014, it has six bedrooms, five-and-one-half baths, a pool and 6,234 square feet. The price per square foot is $387.39.
ROYAL LEGACY ESTATES
The home at 9455 Royal Estates Blvd., Orlando, sold Oct. 27, for $528,000. Built in 2016, it has five bedrooms, three-andone-half baths, a pool and 4,200 square feet. The price per square foot is $125.71.
WEST ORANGE
The home at 6006 Caymus Loop, Windermere, sold Oct. 20, for $640,000. Built in 2004, it has five bedrooms, four baths and 3,622 square feet of living area. The price per square foot is $176.70. The home at 6001 Caymus Loop, Windermere, sold Oct. 20, for $580,000. Built in 2005, it has four bedrooms, four baths and 3,493 square feet of living area. The price per square foot is $166.05.
COCURTLEIGH PARK
WATERFORD POINTE
WINDERMERE
WINDERMERE
The home at 2123 Whitfield Lane, Orlando, sold Oct. 20, for $485,000. Built in 1991, it has four bedrooms, three-andone-half baths, a pool and 3,006 square feet of living area. The price per square foot is $161.34. CASABELLA
The home at 4077 Isabella Circle, Windermere, sold Oct. 24, for $2.11 million. Built in 2017, it has six bedrooms, six baths, two half-baths, a pool and 7,318 square feet. The price per square foot is $288.33.
The home at 12719 Water Point Blvd., Windermere, sold Oct. 27, for $825,000. Built in 1996, it has four bedrooms, four baths, a pool and 4,610 square feet of living area. The price per square foot is $178.96. The home at 1226 Main St., Windermere, sold Oct. 20, for $935,000. Built in 2001, it has five bedrooms, four-and-onehalf baths, a pool and 5,606 square feet. The price per square foot is $166.79.
See more transactions at OrangeObserver.com
Total Sales: 108 High Sale Price: $4.5 million Low Sale Price: $60,100 REO/Bank Owned: One Auction: One Short Sale: One
27
THURSDAY, NOVEMBER 2, 2017
ONLINE
SNAPSHOT
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Blair M. Johnson
Attorney At Law • 407-656-5521 425 South Dillard St. • Winter Garden, FL 34787
• Real estate: Contracts, Closings, Short Sales, Deed in Lieu • And other matters
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28
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THURSDAY, NOVEMBER 2, 2017
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• Zero closing costs • Appliance package • $5,000 off listing price *
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Closing Cost Incentive Special Offer (“Closing Cost Incentive”) begins on new home contracts written as of 11/01/17 through 12/15/17 (“Closing Cost Promotion Period” ) and is valid on the purchase of eligible select inventory homes that can close by 12/15/17 in all Taylor Morrison Orlando-area communities except Thornbrooke Townhomes (each, an “Eligible Home”). Buyer must pre-apply with Approved Lender before submitting offer to qualify for the promotion. Seller will pay all applicable Closing Costs at Closing, excluding discount points or pre-paid items other than the HOA Initiation Fees that is included, which contributions will vary depending on the Eligible Home selected and other restrictions described below, if qualified buyer utilizes Seller’s affiliated lender Taylor Morrison Home Funding, LLC, NMLS #149227 (“Approved Lender”) and the Title Company was selected only through Seller (“Preferred Title Company”). Closing Cost Incentive not applicable outside of the Promotion Period, Orlando-area or in the above excluded Taylor Morrison Orlando-area community. Closing Cost Incentive may not be combined with any other offer, unless expressly set forth in Buyer’s Purchase Agreement Documents. Total closing cost contribution credited at closing and subject to Seller’s contribution limitations based on mortgage program and loan to value guidelines that are outside of Seller’s control. All loans are subject to underwriting and loan qualification of the lender. Services not available in all states. Rates, terms and conditions offered are subject to change without notice. Additional licensing, disclaimers and other details, including special financing incentives (as applicable), may be found at www.taylormorrison.com. Buyer is not required to finance through Approved Lender or to use such Preferred Title Company selected by Seller to purchase an Eligible Home; however, buyer must use both such settlement services to receive the above or certain other Closing Cost incentives. For more information about Approved Lender, its licensing and other financing information, please visit taylormorrison.com/tmhf-aba. **Limited time Appliance Package is unrelated to the Closing Cost Incentive, valid for all cash or financed buyers and includes a washer, dryer and side-by-side refrigerator not to exceed ARV $7,000. The specific appliance make/model/colors and actual value selected by Taylor Morrison vary by Community/Home and remain subject to change. No cash or other substitutions apply and no credit for unused portions of the Appliance Package. Offer valid on new home contracts written as of 11/01/17 through 12/15/17 (“Appliance Package Promotion Period”) and is valid on the purchase of eligible select inventory homes that can close on or before 12/15/17 in all Taylor Morrison Orlando-area communities (each, an “Eligible Home”). ***Limited time $5,000 off the Total Purchase Price of the home is unrelated to the Closing Cost Incentive, valid for cash or financed buyers. Offer void where prohibited or otherwise restricted by law. All incentives, pricing, availability and plans subject to change or delay without notice, and pricing may not include options, upgrades, lot or elevation premiums. Included and upgraded features will vary by home. Limited time offers, additional lender or other restrictions and limitations may apply and all “Special Offers” incentive programs subject to change prior to contract. Square footage and dimensions are estimated and may vary in actual construction. Please see a Taylor Morrison Sales Community Manager for additional details © October, 2017, Taylor Morrison of Florida, Inc. All rights reserved. FL GC#CBC1257822.
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