Originally a farm on the banks of the St. Johns River, the area now known as San Marco was first called Oklahoma. Harrison Reed, a life long Oklahoman, was elected Florida’s governor in 1868. Reed’s sister, Margaret Reed Mitchell and her husband, railroad tycoon Alexander Mitchell, still in love with their native Oklahoma, built their Florida winter home, Villa Alexandria, in Oklahoma Style on 140 riverfront acres, and (oddly) named their new digs and surrounding area, “Oklahoma.” But in 1921, with the construction of the Acosta bridge, which connects San Marco to Downtown, industrialist Telfair Stockton bought 80 acres of land north of the Mitchell estate and the new “San Marco” subdivision name took hold. The name is based on the Piazza di San Marco in Venice, Italy, which had impressed Mr. Stockton on a European trek.
There are other relevant factors to consider, apart from the initial neighborhood "look and feel" that typically turns a buyer on or off when looking for a home, with very little gray in between. A September Blog post at Bankrate.com talks about "How a Neighborhood Holds Property Value."
It's a good time now, with low, low home prices, for buyers to consider a neighborhood that will likely hold its value over the long haul. How can you tell? Jobs and access to amenities. More after the break...
There's a company called "CoreLogic," that announced a new credit score service, CoreScore. It promises to give banks deeper insight into a borrower's credit worthiness. No, it won't replace FICO, but it may be yet another factor in the complex calculations banks use. Though it won't replace them, if anything, it could help fill in some gaps.
CoreScore would look at things such as:
Consumer-specific bankruptcies, liens, judgments and child support obligations
Rental applications and evictions
Properties owned (with and without debt obligations)
Property tax amounts and payment status
Property legal filings, such as notices of default
Mortgage obligations with companies that may not report to traditional credit reporting agencies
Estimated market values on all U.S. properties owned
Inquiries and charge-offs from payday and online lenders
CoreLogic said in their press release that it will "help lenders mitigate risk by uncovering debt obligations, and increase new lending opportunities by identifying previously hidden credit behavior that could improve a consumer's credit profile."
Don't miss the Halloween celebrations going on this month at the Jacksonville Zoo. October 20-23 and 27-31 from 6:30 to 9:00pm.
There will be candy stations throughout the zoo to satisfy everyones sweet tooth. The zoo just bought 675,000 pieces of candy for this event so there should be plenty to go around.
There will be plenty of family fun including a pumpkin patch, bouncy houses, DJ spinning family friendly halloween music and animal exhibits, plus much more.
We are fortunate to have a top notch zoo right here in North Jacksonville. Please come out and show you support for this great family fun event.
Tickets are $10 or $8 for zoo members. Kids under 3 are free. Purchase your tickets in advance online and save $1.
Through the 1960s, Jacksonville, like most other large cities in the US, suffered from the effects of suburban sprawl. To compensate for the loss of population and tax revenue, (and end waste and some corruption here and there), voters elected to consolidate the government of Jacksonville with the government of Duval County. The move was carried out on October 1, 1968, and Hans Tanzler, elected mayor of Jacksonville the year before, became the first mayor of the consolidated government of Jacksonville. This single event earned Jacksonville a distinction it still enjoys today: we’re the largest United States city in land area than any other American city (outside Alaska).
We are fortunate in Jacksonville that we have a great microbrewer like Bold City Brewery. Join them Saturday October 15th at 1pm to celebrate their 3 year anniversary.
If you love great craft beer as much as I do you need look no further than our local Bold City Brewery. While they offer many different styles of beer my personal favorite is Duke's Cold Nose Brown Ale. This Saturday they will have a special release of Duke's aged in Woodford Reserve oak bourbon barrels. All pints will be only $2 including this special Ale Saturday so don't miss the anniversary celebration.
Bloom Realty Team Realty's newest addition is Jimmy Conner
, who happens to have a long and colorful history in Northside Jax
, with some serious "flying time" mixed in for good measure.
His Dad owned Oceanway Pharmacy on North Main Street for 40 years, which closed upon his passing in 1999. Jimmy's Uncle Ralph owned the Oceanway Hardware Store right down the road. He grew up on the Northside, and his career literally "took off" when he went to work at Jacksonville International Airport right out of High School. His work has taken him to some of the most beautiful, vibrant cities in the world, but he says he's glad to be back to thte place he's always called home.
If you are a car nut like me you might want to check out this weekend's (Saturday) Car show "Cars For Our Troops," which is a fundraiser event to benefit Homes For Our Troops, a national non-profit organization that builds adapted homes for severely injured soldiers returning from war since 9/11. The event is held at Wild Wings Cafe on Southside Blvd at Tinseltown, and will run from 10am to 1pm.
The show is FREE to the public so no excuses here!
The pain, the wait, and the dwindling affection for bank work-outs have now, as they say, “entered the water supply.”
One indicator of the bottoming out of this market could be a rise in the buyer-to-frustration ratio. When I bought my first home, if they told me I might not be able to move in for six months, two of the five stages of grief would have me in their grip: anger and acceptance. The bargain sales price comes with a liability that cannot be measured in money. Continue reading after the break...