Fantastic Opportunities on 5 Points Condos!

Today I'd like to call attention to two different condo bargains currently available in 5 Points. I've written quite a bit about the 5 Points area of Riverside, because it truly is Jacksonville's most walkable, vibrant neighborhood.

There are a couple of great opportunities for buyers in the oldest and newest 5 Points condos, both adjacent to beautiful Memorial Park on the St Johns River. The Park Lane was Jacksonville's first high rise condo residence. The stately exterior still appears as in this vintage post card; inside, the building's Penthouse is thoroughly modern.

The Penthouse of the Park Lane is now available for only $350,000! This stunningly remodeled unit covers the entire top floor of the building and features wide-ranging river views. The current owners spared no expense in their recent renovation, but have moved on — so they've recently made a $600,000 price reduction to signal prospective buyers that they are ready to sell.

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1661 Riverside is the newest condo development facing Memorial Park. The building features an attractive brick exterior, a parking garage, interior courtyards, and modern loft interiors in the units.


There is a special opportunity on one unit at 1661 Riverside right now: a 3% down payment! Every other available unit in the building requires down payments of 25%. But this property falls under the Fannie Mae HomePath program

Please contact me, Josh Nugent, for help with these great buys or any other Northeast Florida real estate question.

Reminder: Tax Credit for Homebuyers Expires at End of April

Tax Credit is for First-Time Buyers and Some Repeat Buyers

As I've written before, any qualified homebuyer who signs a contract for a new primary residence by April 30 and closes by June 30 is eligible for tax credits potentially up to $8000.

First Time Homeowners (any single person or couple who have not owned their principal residence in the last 3 years) are eligible to receive 10% of the value of the purchased residence, up to $8000, as a refundable tax credit.

Existing Homeowners (any single person or couple who has used the home being sold or vacated as their principal residence during 5 of the preceding 8 years) are eligible to receive 10% of the value of the purchased residence, up to $6500, as a refundable tax credit.

The tax credit must be applied either to an amended 2009 return or on a 2010 return filed by April 15, 2011. In both cases the purchased home must cost less than $800,000 and the buyers must fall within certain income parameters (which the vast majority of Americans do). There is more information and answers to these questions at the excellent Federal Housing Tax Credit Homepage. Or, as always, you may contact me, Josh Nugent.

Beautiful Weather Brings Bounty of Open Houses

Today and tomorrow is a day full of some great Open Houses!

Look for me tomorrow at 4454 Ortega Forest Drive from 1 until 4 p.m.



It's a beautiful home on the Ortega River. Come see me.


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Check out the full list of Prudential Open Houses in Northeast Florida!

Riverfront MidCentury Modern Offers Downtown Views

I've enjoyed highlighting some of Jacksonville's available homes in modern architectural styles. (Follow link for complete list of homes I've featured so far.)



3869 Timuquana Road is a fantastic opportunity for a buyer looking to rehab a modern home on a large, secluded lot on the Saint Johns River. Just past Timuquana Country Club lies a small neighborhood of some of the best homes in Jacksonville — and with some of the best views.



Modern architectural quirks and character combined with a generous patio / pool deck and front and back yards which go on forever offer the right buyer unlimited potential.





For further details on this home or any other, contact Josh Nugent today.

Josh Nugent is on Facebook

You can now maintain contact with me through Facebook. Please consider becoming a "fan" of Josh Nugent, Realtor. (I'll try not to let it go to my head.) And, as always, I'll work hard for you or anyone who needs help in Northeast Florida real estate.