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Moving to Orlando and am looking for a home in the $200-300,000 range. I used to live in Orlando in the early '80's and at that time the Rio Pinar and Deerwood areas were relatively safe and a good location for commuting using the E-W expressway and I-4. I am considering buying a home in that area. I have looked at some of the newer communities in area codes 32827, 32828, and 32829 and there seem to be a lot of very small homes that do not have much individuality----they all look very similar. I am concerned that those areas may not be a good investment. Please advise as to crime and resale/investment potential in the Rio Pinar/Deerwood area.
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looking at approximately 1800-2000 sq ft----there are some in rio pinar. What I do not know is whether that is still amongst the safer areas and whether it would be a good investment. They are not as cookie cutter. Years back I bought a house in a new development and when I wanted to sell 5 yrs later, I had a hard time selling because all sort of new communities were popping up and buyers prefer new. In those areas you mentioned, there is still a lot of land where new communities will be built especially as the medical school is finished and I suspect the same would happen. What do you think?
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Check zip Code 32832. This is the Moss Park area (unincorporated Orange County) off Narcoossee Road. This is where you want to be. My advice, get a local realtor that lives in the area and knows the homes. Do a check for Isles of Pines, you might find some nice ones there that are not cookie cutter and are a little more apart than your normal.
Rio Pinar and Deerwood has run down a lot - not what you left a while ago so stay away from the neighborhood. If you need further help - send me a PM and I will try and help you. What I see is that with all the building and the craziness of people getting ARMs a lot of them are going into foreclosure. Join RealtyTrac.com and you can punch in the zip codes you are interested in and get a list of homes that are in pre, foreclosure or are bank owned. That might be a start. I know in the community I am in there is one foreclosure home that no one has ever lived in!!!! How crazy is that? No, I am not a realtor, just retired. |
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