Adams Lake (Jacksonville, FL)
By Charles Gaulden, Military Relocation Specialist & New Home Buyers
(Duval Realty of Jax)
Can you use a FHA 203k loan or a Fannie Mae conventional renovation loan on a multi-unit property? YES! You can renovate 1-4 unit properties with both FHA 203k and conventional renovation loans. The renovation loans also allow you to convert a SFR to a multi-unit and a multi-unit back to a SFR as long as county zoning allows for it. NOTE – When a buyer is purchasing a multi-unit property as a primary home, potential rental income from the additional units is allowed to help toward qualifying the buyer. What is the maximum amount of work allowed on a Fannie Mae HomePath Renovation loan? The total max cost of renovation (including inspections, title updates, etc) is $35,000. However, Fannie Mae’s main renovation loan – Homestyles Loan – does NOT have a cap on the amount of repairs which i...
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By Ellen Dittman, #1 Stop for NE FLA-JAX/OP 904.535.1199 (TEXT OK) r
(Watson Realty Corp.)
Located off Normandy Blvd in Jacksonville Florida, Adams Lake is a community consisting of about 700 homes at this time.  Construction of the first single family homes began in 2003 and new homes are still available today. Single family home sizes range widely from approx 1300 to well over 3000 square. Community amenities include a Club Pool.   More about Adams Lake HERE Adams Lake ACTIVE LISTINGS PENDING CLOSED Past 12 months AVERAGE PRICE 124,847 125,100    112,881 AVERAGE SQFT 2393 2708 2228 AVERAGE PRICE PER SQFT 53.18 47.65 54.35 DAYS ON MARKET AVERAGE 122 136 176 TOTAL LISTINGS PER CATAGORY 19 6 18 **All statistics are approximate and may be revised as additional data is available.   For specific home sales information or free Market Analysis contact: Ellen Dittman, Watson Realty ...
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Jacksonville, FL Real Estate Professionals