Realtor - Tampa Bay, FL
Nancy Rodda, PA
813-331-5521813-331-5521

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West Euclid Avenue: A Local Resurgence of Mid-Century Sensibility?

January 5th, 2017 by Nancy Rodda, PA

Mid-Century RenoOver the past 2 years, it seems that everywhere you look in our local South Tampa neighborhoods, large new construction homes are popping up where modest older homes once stood.

On a recent jog around South Tampa, I noticed something interesting- on W Euclid Ave where multiple 3,000+ SF new construction homes have recently sold, there are currently 4 mid-century homes under 2,000 SF that are not being torn down, but renovated.

Are land values on this particular street reaching a point where it is no longer profitable for builders to tear down and build? Are homeowners opting for more affordable smaller homes as the sold price per square foot continues to increase to close to or even above the “peak” pricing we saw in 2006/2007? Or, perhaps buyers are shifting to valuing more green space and 3,000+ SF homes leave little green on 5,000 square foot lots when built where bungalows once were?

Only time will tell, but as a fan of mid-century design principles, I’m excited to see some of these lovely 1950’s homes restored to their former glory and enjoyed by generations to come!

 

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SOLD. $489,000. Grand Central at Kennedy Unit 1116

August 1st, 2016 by Nancy Rodda, PA

2016-07-28 1120 E Kennedy Blvd 1116 Tampa-141SOLD. $489,000. $312+ Per Square Foot!

One-of-a-Kind Luxury Awaits. Completely updated and located in the heart of the Channel District, this high floor corner unit features breathtaking unobstructed 180+ degree views of Downtown and beyond. With beautiful french oak hardwood flooring throughout, an elegant foyer opens to a 50+ foot expanse of floor to ceiling windows with smart device controlled motorized blinds to filter natural light. Ideal for entertaining, the chef’s kitchen boasts newly refinished custom wood doors, Viking appliances, gas range, wine cooler, granite, and oversized island. A sliding glass door leads to a 100 SF balcony perfect for enjoying fresh air and gentle breezes as the sun sets to the West or rises in the East. The glass wall continues in the master allowing for stunning views of the sunset and illuminated city skyline. The master also features a large walk-in closet with custom closet system, ensuite bathroom with new frameless shower enclosure, new premium floor to ceiling 24×12 porcelain tiles with glass inlay accents, double vanity with custom refinished wood doors and linen closet. The large 2nd bedroom hosts expansive northern views, large walk in closet with custom closet system, adjoining newly updated full bath. Building amenities include a heated pool, fitness center, spa, dog walking area, 24 hour security, concierge. If you venture from this urban oasis, Tampa’s finest dining and entertainment is just steps away. Includes 2 reserved parking spaces and separate storage unit.Hurry, this home won’t last!

Take a virtual tour – http://tinyurl.com/znhawfx

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Tampa shows off its Riverwalk

July 7th, 2016 by Nancy Rodda, PA

“We Built This: The Riverwalk Edition” features drone’s-eye views of Tampa’s downtown waterfront, Curtis Hixon Waterfront Park, Garrison Channel and the Riverwalk as it passes behind Amalie Arena. By this afternoon, the video had been watched more than 39,000 times since being posted to the official City of Tampa Facebook page on Tuesday.

Original story by Christopher Spata, Tampa Bay Times Staff Writer

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Pending Home Sales at 10 Year High

May 27th, 2016 by Nancy Rodda, PA

Interesting and relatable article released by NAR and Florida Realtors:

“Pending home sales rose for the third consecutive month in April and reached their highest level in over a decade, according to the National Association of Realtors® (NAR).

All major regions saw gains in contract activity last month except for the Midwest, which saw a meager decline.

The Pending Home Sales Index – a forward-looking indicator based on contract signings for homes that have not yet sold – hiked 5.1 percent higher to 116.3 in April from an upwardly revised 110.7 in March. Year-to-year, it’s 4.6 percent above April 2015 (111.2).

After last month’s gain, the index has now increased year-over-year for 20 consecutive months. Vast gains in the South and West propelled April’s pending sales in April to its highest level since February 2006 (117.4), says Lawrence Yun, NAR chief economist.

“The ability to sign a contract on a home is slightly exceeding expectations this spring, even with the affordability stresses and inventory squeezes affecting buyers in a number of markets,” Yun says. “The building momentum from the over 14 million jobs created since 2010 and the prospect of facing higher rents and mortgage rates down the road appear to be bringing more interested buyers into the market.”

Mortgage rates have remained below 4 percent in 16 of the past 17 months, but Yun says it remains to be seen how long they will stay this low. Along with rent growth, rising gas prices – and the fading effects of last year’s cheap oil on consumer prices – could edge up inflation and push rates higher. For now, Yun foresees mortgage rates continuing to hover around 4 percent in coming months, but inflation could potentially surprise the market and cause rates to increase suddenly.

“Even if rates rise soon, sales have legs for further expansion this summer if housing supply increases enough to give buyers an adequate number of affordable choices during their search,” adds. Yun.

Following the housing market’s best first quarter of existing-sales since 2007 (5.66 million) and a decent increase (1.7 percent) in April, Yun expects sales this year to climb above earlier estimates and be around 5.41 million – a 3.0 percent boost from 2015. After accelerating to 6.8 percent a year ago, national median existing-home price growth is forecast to slightly moderate to between 4 and 5 percent.

Pending sales in the Northeast climbed 1.2 percent to 98.2 in April, and are now 10.1 percent above a year ago. In the Midwest, the index declined slightly (0.6 percent) to 112.9 in April, but it’s still 2.0 percent above April 2015.

Pending home sales in the South jumped 6.8 percent to an index of 133.9 in April – 5.1 percent higher than last April. The index in the West soared 11.4 percent in April to 106.2, and it’s now 2.8 percent above a year ago. “

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Shipping Container Homes

March 29th, 2016 by Nancy Rodda, PA

In recent months, it is hard not to notice the Modern Design movement happening throughout Tampa BaySunDogPic in both commercial and residential applications. The Tampa Museum of Art is a stunning embodiment of a Modern Architecture right here in Downtown Tampa. There is a new movement that is bringing modern design to a new level with some “inside the box” thinking and the use of shipping containers to create the ultimate Live, Work, Play space. Next time your at the Amalie Arena, take some time to check out Ferg’s Live new bar and courtyard created from recycled shipping containers. In Pinellas Park, the Beax Arts Center has been transformed into an Artist Studio and 2 bedroom Loft, using 7 recycled shipping containers to make a sleek, modern and stylish Live, Work, Play space. The picture is a concept design for a Townhome project constructed from multiple shipping containers and centrally located in St. Petersburg just minutes away from both downtown and the beaches. With over 1,900 SF of open plan living, these luxurious homes are a game changer! Contact me for more information.

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Nancy Rodda reviews    Remodeling and Home Design

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Tampa/Hillsborough Market Report 2015

January 22nd, 2016 by Nancy Rodda, PA

According to a recent report detailing 15,915 Single Family Homes in Tampa/Hillsborough County that sold in 2015, 27% were all cash, 39% conventional, 17% FHA, and 10% VA. 11% were $0-$99K, 36% $100-$199K, 29% $200-$299K, 24% $300K-$999K and 1% over $1 million K. Over 60% of the market share sold in the $100-300K range.

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Nancy Rodda reviews    Remodeling and Home Design

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South Tampa Market Spotlight 33629, 33606, 33609

October 6th, 2015 by Nancy Rodda, PA

Of the 414 Active/Pending Single Family Home listings in Multiple Listing Service (MLS) between Kennedy and Euclid (33629, 33606, & 33609), only 7 are listed under $200K. The average Active/Pending pricing in this same area is $646,147 or $237 a Square Foot. Home buyers who still want all the convenience that South Tampa has to offer without the high price tag can find homes between Cypress and Kennedy selling for average of $205,000 or $139 a Square Foot. In fact, 11 new construction homes have been sold between 2014-2015 in this area…all with over 2,000 SF of heated living space and an average sale price of $357,731 or $164 a Square Foot. If you are an investor or a home buyer looking for a deal, I would definitely keep my eye on this part of 33609 in the coming year. This area is centrally located and in close proximity to shopping and dining. In addition, for those with high-school aged members in their household, parts of this area are currently zoned for the top rated Plant High School District.

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Nancy Rodda reviews    Remodeling and Home Design

It’s Good to Be the King/Queen. Sellers, Strike While the Iron is Hot! South Tampa 33629, the time is now!

September 3rd, 2015 by Nancy Rodda, PA

In Sunset Park, Bel Mar Shores, Palma Ceia (South Tampa Zip Code 33629), the year over year average total sold price increased 33.29% from June 2014-2015 from $474,668 to $632,681! 33.29%. Yes, that is not a typo, 33.29%. Can we sustain this type of growth? Only time will tell, but for now, it is great time to be a home owner in 33629!

Sales stats from all of Hillsborough County are not looking too shabby either…..and by not too shabby, I mean FANTASTIC! June 2014-2015 median sale price rose 12.6% year-over-year for Single Family Homes in Hillsborough County while median days on the market decreased 20.4% year over year (meaning homes are selling fast). Not too many investments can claim 12.6% year over year gains!

Maybe you bought at the peak of the market and have been waiting for the right time to sell? Maybe you bought at the bottom of the market and are thinking of trading up? In this seller’s market, there is no time like the present! With inventory low and demand high, a right priced, well marketed/staged, turn key property barely makes a debut on the market before going under contract with back-up contracts in tow.

Buyers, don’t get discouraged, in this market, you just need to know what you want and be ready to act when you find it. As I’ve mentioned before, sleeping on it may not be an option.

Thinking of selling? Just curious about what your home may be worth? Thinking of buying? Wondering what your monthly rent will buy you? Give me a call, I’m here for you. Nancy Rodda, PA REALTOR.

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Nancy Rodda reviews    Remodeling and Home Design

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PAY IT FORWARD

August 19th, 2015 by Nancy Rodda, PA

When I became a Realtor, I felt very strongly that as a local business owner, I wanted to give back to the local communities I live, work & sell in through donations to charitable causes, organizations & non-profits that support those in their hour of need. Thanks directly to some amazing buyers & sellers who have joined me at “the closing table” over the past year, I have been able to contribute to the SPCA, Shriner’s Hospital, Humane Society, Wounded Warrior Project, The Spring, Community Learning Center, local schools and two individuals facing a costly and debilitating medical crisis. With neither myself or the real estate market showing any sign of slowing down, I look forward to continuing to PAY IT FORWARD with you!

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Nancy Rodda reviews    Remodeling and Home Design

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Luxury Rental or Purchase?

August 7th, 2015 by Nancy Rodda, PA

Has anyone noticed the sky rocketing rent prices in Tampa Bay? If your looking to rent, I’m sure you have! While purchasing a home isn’t for everyone for a variety of reasons,  if you are on the fence regarding whether you should buy or rent in South Tampa from a basic monthly outlay stand point, have a look at this scenario:

2/2/1 South Tampa Luxury Townhome in the desireable SoHo district of Hyde Park

Rent: $2,500 a month *Comparable unit going rate

Buy: $2,007 a month. *Comparable unit sold for $370,000 in June 2015. With 20% down at prevailing rates, estimated monthly mortgage would be $1,370, Tax $437, HOA $200= $2,007 a month.

…Food for thought.

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About Nancy Rodda

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Nancy Rodda, PA

REALTOR

nancy@closewithnancy.com

813-331-5521813-331-5521 office

REALTOR, Pineywoods Realty

Remodeling and Home Design

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