The first 20 takers with 30 percent down payments will be able to apply for the "Snowbird Financing" that will include a 0% interest rate and 0 payments for 3 years. After that block of funding is used up, the prices will remain the same, but with traditional financing. Getting a mortgage in the US can be difficult for Canadians. At the Colony, the developer has arranged to provide a most attractive financial package for Canadians.
It’s a totally refurbished gated community that is just a 15-minute drive from the beach and if you don’t want to drive all that way for a swim there are two pools, one of which is indoors. Built in the 1970s all the units were remodeled and renovated about a year ago.
These units are selling for 40 to 50 percent less than they were before the real estate market tanked. There have been a number of foreclosures on properties in Jacksonville and a lot of real estate has lost its value. It is close to foreclosure pricing with the bonus of exceptional financing.
The Colony units (a few of them in a townhouse style), start at prices that range from just $75,000 for a Santa Cruz model, an 845-square-foot, one-bedroom unit that also rents for $650 a month plus utilities to a $125,000 for a Santa Rosa model, a 1,430-square-foot, three-bedroom unit that rents for $850 a month plus utilities.
Jacksonville is a great city with lots to see and lots to do. While it is not top of mind as a tourist destination, it is a great place to retire or have that second home or to simply make an investment in Florida real estate. (When you rank the cities in Florida, Jacksonville ranks number one with almost 750,000 and when you take in the surrounding metro areas, it ranks fifth, with a population of over 1,000,000.)
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Contact:
GREEN
Broker of Record
Central Real Estate Corp.