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Old 04-29-2009, 09:49 AM
 
63 posts, read 125,745 times
Reputation: 26
Default Bartram Springs

I am hoping someone can shine a little light on why the homes in there are so "inexpensive" it seems you can get a very large home in there for the low to mid 200's.. it also seems there are many for sale in there.. it looks like a nice neighborhood.. so what gives with Bartram Springs..? Any info about the pro's and con's of BS would be greatly appreciated

Thanks
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Old 04-29-2009, 10:51 AM
 
Location: Jacksonville, FL (Mandarin)
1,644 posts, read 2,818,806 times
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Bartram Springs was one of the many communities to get hit with the rise/fall of the real estate market in the past couple of years. A LOT of investors got in there during phase 2/3 and then got underwater. Many of those low priced homes are either short sales or REO properties. I have 4 listings in there right now, all are short sales. It's a nice community, though, with some great amenities. And, with the new elementary school being built in there, the community has some great "staying" power. There are CDD fees, though, so that will increase your annual tax burden by $1500-2000.
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Old 04-29-2009, 11:39 AM
 
561 posts, read 1,256,527 times
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I don't think I could live in the shadow of I95 knowing that despite being able to hear the freeway noise, I'd have to drive 5 miles just to get on it.

But yeah, Eric hit the nail on the head. Nice new community, but bad timing with the overall market. The speculator's loss can be your gain.

As I implied above, I also think there are some location issues. As the area grows, Phillips Highway, Racetrack Road, and 295/9A are going to get congested. Right now, the drives can seem manageable because the roads are (relatively) low on traffic. But what happens when the congestion comes? That 15 minute drive in 2009 turns into a 45 minute nightmare in 2017.
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Old 04-29-2009, 06:27 PM
 
63 posts, read 125,745 times
Reputation: 26
Default more questions

well the drive is not really an issue for us.. my husband doesn't have to go to work everyday.. and I'm a SAHM right now... what is your thoughts on the neighborhood recovering from the market downturn... say we get a great deal (or what seems ot be right now) in 5 -10 years is BS going to be as "desireable" as it might be now..? Do you think it is more safe.. investment wise buying in say St Johns Golf and Country Club or even Cimmerone?
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Old 04-29-2009, 07:24 PM
 
Location: Jacksonville, FL (Mandarin)
1,644 posts, read 2,818,806 times
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You can't really compare Bartram Springs to either of those other communities, IMHO. They are both of the "Golf and Country Club" variety, which Bartram Springs is not. As far as desirability is concerned, I would expect the resort-style amenities to be a continual "plus" for the community. There aren't many communities like that in Jacksonville.
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Old 04-30-2009, 08:39 AM
 
Location: Jacksonville, FL
3,528 posts, read 4,276,359 times
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if you want an investment property for around 200k or so, the suburbs aren't a great place to look. Home values have dropped so much it's going to take a logn time to get back where they were. The established historic neighborhoods are riverside, avondale, san marco, springfield, (and murray hill i guess) are better "investments" - meaning that their values were not inflated thus they haven't dropped much. of thouse mentioned, avondale & san marco are already very expensive so no real investments to be had there. riverside is very desirable & trendy, so that would be the best bet...though even there an investment home may be hard to find. springfield and murray hill are your best bets for getting a guarnteed payoff investment. murray hill is right next to the posh avondale neighborhood and is widely know to be on the rise. small bungalows mostly. springfield has huge grand old homes, about 60% of the area is restored/renovated. it's the least finished now, but will have the highest payoff for sure in terms of an investment home. tese can be had for 200-250k for the finished product or very cheap if you'd like to do the renovations yourself.
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Old 04-30-2009, 12:23 PM
 
63 posts, read 125,745 times
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No, FSU813 I'm not looking for an investment home, I'm looking for a home that is a good investment, get the difference?
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Old 04-30-2009, 01:24 PM
 
Location: Jacksonville, FL
3,528 posts, read 4,276,359 times
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then any nice established neighborhood would fit the bill, as they will certainly increase in value. take your pick.
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Old 05-01-2009, 07:11 AM
 
27 posts, read 81,501 times
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My thoughts on Bartram Springs as we looked there when we bought 2.5 years ago. It's a bit secluded so it's a bit of a drive to the grocery store, gas station, etc. It didn't have a lot of trees which we like for shade. And when we compared it to JCP, which is just a few miles down the road, we liked it a little better. JCP does cost a little more for the same home we found, but we were wanting to be in St Johns county for the schools. I don't think BS is in the St Johns county district, but I'm thinking not as I know when you are driving up the entrance from Racetrack Rd there is a Duval County sign.
At the time, choosing JCP meant we drove a bit farther when getting on I95 going north, but now that Bartram Park Blvd is open it's a pretty quick hop onto I95N for either BS or JCP.

My only suggestion would be to stick to the finished communities. In this economy it may be many years before some of the unfinished communities are done. Besides the look of unfinished lots, until a house is built, they don't even pave the sidewalk for that lot so you have this dashed line of sidewalk you can't even use until the very last house is completed.
I will say this, 2.5 years after moving here, we still feel very good about our choice. BS is nice though. We have several friends that live there so we visit regularly. If you like it and you find a great deal, you can't go wrong.
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Old 05-01-2009, 07:24 AM
 
63 posts, read 125,745 times
Reputation: 26
Thanks for the info.... our only concern with BS really is the amount of short sale and reo homes.. thinking that, that may bring in the "lower income" familys .. I lived in Jax for 30 years (all my life until I moved away for 10) ok so I'm now 40 and live in atlanta but with a 2 year old my husband and I are ready to move home. We really like the Hampton Glen neighboorhood in Baymeadows and don't even mind putting our son in private school... but it seems you get less home for the money there.
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