Lake City FL Real Estate Blog

I just found a property and wanted to share it with you!

2012-01-24T19:08:00.000-05:00

I just found a great river property in North Florida and wanted to share it with you!

OWNER WILL FINANCE! ONLY 15% DOWN! 9% INTEREST, 20 YEAR LOAN! 850' river frontage! Rare piece of riverfront property on the Suwannee River, just down stream from the Santa Fe River junction, very wide area of the Suwannee River. Great for boating, water ski's & fishing! Well, 2006 aerobic septic, phone & power. Septic would service a 3 bedroom, 1,800 sf residence. 4 inch 1 HP well, 65' deep. Property is wooded but not densly wooded w/ lg oak trees, magnolias, & more. Plenty of cleared areas & park like settings, many gorgeous views throughout! Travel trailers allowed, RV hookup with 220 power. RV's allowed!

For Sale: 4BR/2BA Single Family House in Lake City, FL, $189,900

2010-12-15T23:09:00.000-05:00

For Sale: 4BR/2BA Single Family House in Lake City, FL, $189,900

Lake City Home For Sale

2010-09-22T21:00:00.000-04:00

Lake City Home For Sale Check this out. Great home for a great price. Watch the video!

2010-09-15T17:14:00.000-04:00

Nice Wooded Land With A Creek!

• 77 acres of Florida Acreage, Beautiful Land for $178,000 USD - Low Price!

Welcome to North Florida and Hamilton County - Here is a beautiful piece of Florida acreage packed with features. Location is secluded with very few neighbors. Primary features include 57 acres of 1995 slash pines (some loblolly and longleaf pines as well) and 20 acres of beautiful oak trees. Other tree species include hardwoods of oak, sweetgum and maple. Property appears to be fully fenced. Graded road frontage, not far from a paved road. NO DEED RESTRICTIONS.

Enjoy the nice seasonal creek and the original and natural Florida landscape! Plenty of wildlife abounds! Property is mostly high and dry with areas that may flood around the creek. There are a couple small areas of wetlands that provide a great place for your hunting stand!

This beautiful Florida land is located just north of the Columbia County / Hamilton County border west of White Springs. Near the Interstate 75 and Interstate 10 corridor and nearest to I-75. Just a 2 mile drive to the small, quiet town of White Springs and 18 miles to downtown Lake City. 8 miles to the nearest I-75 exit #439.
Property information

Gabe Fitzhugh
Burbach Realty Services
(386) 754-2818

Florida Homes For Sale Florida Land For Sale Lake City FL Real Estate

Gabe Fitzhugh your Lake City FL Realtor

2010-09-08T16:07:00.000-04:00

Gabe Fitzhugh is a professional real estate agent in the Lake City Florida area of Northern Florida. Gabe's mission is to give the best customer service possible. Whether you are buying a home in Lake City FL or interested in purchasing Florida acreage, he can help.

Lake City FL real estate is his specialty but he also services other areas including Live Oak FL real estate, Fort White FL real estate, Lake Butler FL real estate and more areas that surround these North Florida town.

If you are selling a home in Lake City FL or the surrounding areas or if you are selling land in North Florida, Gabe can help with that as well. To get more information, please visit www.GFHomesAndLand.com

Gabe Fitzhugh is a professional REALTOR with Burbach Realty Services

Gabe Fitzhugh your Lake City FL Realtor

2010-07-28T11:57:00.002-04:00

For all of your North Florida real estate or Lake City FL real estate needs call Gabe Fitzhugh at Burbach Realty Services. I am located in Lake City Florida which is north of Gainesville, west of Jacksonville and east of Tallahassee. Lake City is a beautiful area with rolling hills, huge oak trees and is located in the lowest wind zone rating in the state of Florida. Get more details and information by visiting my website www.gfhomesand.and.com

10 acres of pasture land, large oak trees

2010-06-17T18:01:00.003-04:00

Suwannee County Land For Sale
Announcing a new listing! 10 acres of beautiful pasture land. Beautiful Florida acreage for sale with a nice oak tree hammock located on 115th Road... 10 acres, Pasture, Woods, Fence. Call Gabe Fitzhugh with Burbach Realty Services at (386) 754-2818 for showings and information. Click for more property information

Changes are coming to FHA loans

2009-12-03T15:17:00.007-05:00

If proposed changes are implemented, buyers will have to come up with more cash to close on a home purchase. Currently a buyer can purchase a home utilizing the FHA program with only 3.5% down. Proposed changes will bring that to 5% down. One other major benefit buyers have been able to take advantage of is help with closing costs. Currently a seller is able to contribute up to 6% towards a buyers closing costs and prepaids which saves the buyer a pile of money. It looks like that will be capped at 3% soon.

There are a lot of changes going on in the real estate market right now. Basically, the sooner buyers make their purchase, the better off they are. With a tax credit of up to $8,000 for first time home buyers (haven't owned a home in 3 years), only 3.5% down payments and 6% seller contributions, you cannot go wrong! BUY NOW!!!!

Call Gabe Fitzhugh with Burbach Realty Services at (386) 754-2818 or email gabe@gabefitzhugh.com to get help with finding your new home! You can also visit my website: http://www.lakecity-florida.info/ and start searching for your new home in Lake City Florida and surrounding areas.

Obama Signs Tax Credit Extension & Expansion

2009-11-06T17:15:00.006-05:00

President Obama signed H.R. 3548 this morning, enacting into law an extension, and adjustment, of the $8,000 tax credit for first-time buyers. This extension, among other things:

Adds money for some move-up buyers
Creates one deadline for signing a contract and a later deadline for closing
Changes income requirements
Effective immediately: The maximum home value purchased cannot exceed $800,000. Prior to the law being signed, first-time homebuyers had no limitation on a home’s cost.

The Florida Homebuyer Opportunity Program (FHOP), created by the Florida Legislature earlier this year, still has approximately $28 million that first-time homebuyers can access and use toward their downpayment. And move-up buyers now have the ability to ‘port’ their current property tax savings to a new home.
First-time homebuyers

The maximum tax credit remains $8,000 ($4,000 for married individuals filing separately
Anyone who has not owned a home within three years is considered a “first-time buyer.”
A purchase must be under contract by April 30, 2010
A purchase under contract by April 30 must close no later than June 30, 2010.
After Dec. 1, 2009, income limits rise to $125,000 for singles and $225,000 for married couples; up from limits effective through Nov. 30 of $75,000 for singles and $150,000 for married couples.
The tax credit phases out incrementally at each $20,000 increase in income.
Purchase price is limited to $800,000 or less
Contact me if you have questions

Expanded homeowner tax credit

An existing homeowner who purchases a home may now claim a tax credit of up to $6,500.
To qualify, that owner must have owned and used the same residence as a principal residence for any consecutive five-year period in the previous eight years.
This new tax credit is effective immediately
Eligible homebuyers do not have to wait until Dec. 1 to close in order to qualify
Personal income limits, maximum home value, and contract/closing deadlines are the same as those for first-time homebuyers
Long-time Florida homeowners who enjoy discounted property taxes resulting from the state’s Save Our Homes amendment qualify for property tax portability
Contact me if you have questions

Florida Homebuyer Opportunity Program
Under FHOP, first-time Florida homebuyers can obtain interest-free bridge loans to access their federal tax credit before they complete a home purchase, enabling them to use that money upfront for downpayment and closing costs. Once buyers submit their returns to the IRS and receive their tax credit money, they repay their loans to the state.The Florida Realtors-backed program came out of the 2009 session of the Florida Legislature. However, as part of the 2009-2010 budget year, did not become effective immediately. They tax credit extension will allow many first-time buyers to tap into the approximately $28 million in the program's remaining funds. While funded by the state, the money is distributed through the city and county housing offices that operate the State Housing Initiatives Partnership (SHIP) program. There is no standardized program, and each local agency may operate under different rules for distribution. For more information, buyers should contact their local SHIP office.
Contact me to find a local SHIP office
Additional changes
The tax credit extension includes other new rules, such as:

The new law also impacts dependent purchases of homes, which weren’t addressed under the old rules.
The new law requires a buyer to attach documentation about the home purchase to his or her income tax return. An audit found that some buyers are claiming the tax credit when they don’t deserve it, and investigators continue to seek out fraud. To minimize tax abuse going forward, buyers won’t receive the credit without submitting proof to the Internal Revenue Service (IRS).

The homebuyer tax credit is collected as part of the normal income tax process. As a credit, it’s calculated separately from an individual’s income tax, and paid regardless of taxes owed or withheld from income. As always, however, only a tax planner can render specific advice to anyone seeking the credit. For more information on the credit, contact a tax planner or visit the IRS website at: http://www.irs.gov/.
Contact Gabe Fitzhugh with Burbach Realty Services
View north Florida homes for sale HERE
most of the information contained in this post came from floridarealtors.org

House Passes Tax Credit Extension/Expansion

2009-11-06T10:25:00.006-05:00

House Passes Tax Credit Extension/Expansion - here is a comparison chart of the old credit vs. the new: http://bit.ly/1rK1eg

It will now be passed to President Obama for his signature!

3.600+ square ft home for sale. Blowout price! Located in Lake City Florida

2009-11-05T14:21:00.003-05:00

3,606 sq. ft.
3 bath
3 bdrm
1 1/2 story
2 Bonus Rooms
Granite Counters
Hickory Kitchen
Slate Floors
Pool
Garage
Private Location
$319,900

Greenridge Estates South, Lake City - This has everything including oversized bedrooms with walk-in closets plus jack and jill bathrooms. Huge master bedroom suite with tray ceilings, a 20'x7' walk-in closet, large master bathroom with a slate tiled shower in the center of the bathroom with river pebble floors, slate tile and glass walls. Master bath also features a jacuzzi tub, his / her vanities and beautiful tiled floors.

Most of the home is tiled in slate, the dining room has appalacian white oak wood floors. Kitchen features stainless steel appliances, granite counter tops, solid hickory wood cabinets, convection oven & convection microwave, a wine cooler, granite bar top and a large butlers pantry.

Beautiful great room with a wood burning fireplace, there is a whole-house sound system, a central vaccum system, an oversized laundry room with a garden sink, 2 bonus rooms upstairs ( one is 19' x 25'! ), large attic space for storage. Total square feet under roof is 5,156!

Outside you will find a large in-ground pool w/ slate tile & fiber optic lighting, an outdoor kitchen, fenced back yard and a nice quiet location. Enjoy the hundreds of square feet worth of covered porches.

Schedule a showing today! Property information

I have 2 beautiful residential lots for sale in a gated subdivision

2009-11-05T14:19:00.001-05:00

Price Reduced! 2 acre lots in the gated Eagle's Pointe Subdivision in Live Oak Florida, Suwannee County

Eagle's Pointe Subdivision, Live Oak, FL - Announcing a new price reduction on two lots in the Eagle's Pointe Subdivision, these are each a 2 acre lot / land "Residential Lot" in a Gated Community located in Suwannee County. Now MLS® $29,900 USD each!! - 2 acre lot, PRICE REDUCED!.

Property information