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Friday, January 14, 2011

Which Would You Choose? Buy a home in Rockledge, Florida's Chelsea Park or Phillips Landing?

When looking for a home to purchase in the Rockledge or Viera, Florida area, there are lots houses in lots of subdivisions from which to choose. There are 489 single family homes listed for sale this morning in Rockledge and Viera.

Likewise there many subdivisions from which to choose.  For example,  lets compare the Rockledge, Florida subdivisions Phillips Landing and Chelsea Park.

Both are relatively close to each other. The students attend the same high school (Rockledge High) while the elementary and middle schools are different but both superior quality schools.  Both developments offer easy access to major routes, shopping, and recreation (golfing, ice rink, beaches).  Both offer newer construction, concrete homes.

So which is the better choice in 2011?

At Chelsea Park you will find eight homes on the market.  Of these, four are short sales while another is a foreclosure. The prices range $150,000 to $259,900 with half under $185,000.

All of these Chelsea Park homes were built between 1996 and 2004.  The homes in Chelsea Park are, for the most part, larger homes (greater than 2,100 sq. ft. under air) and on larger (not zero lot line) parcels than the homes in Phillips Landing.

Although Chelsea Park has a community park, it does not offer its residents a community pool. Phillips Landing does offer a community pool, water park, and a playground for its residents.

Phillips Landing offers newer homes than those offered in Chelsea Park. For example, in December a new construction home (3 bedroom 2 bath 2 car garage, 2,132 sq. ft.) sold for $180,000.

Prices have dropped considerably in Phillips Landing as evidenced by two foreclosures under contract awaiting closing listed at under $130,000.

As of today there are six homes for sale in Phillips Landing with four of these being new construction. With all six properties priced from $169,900 to $229,900, Phillips Landing offers home buyers excellent value.

One major trade-off at Phillips Landing is space. These homes are basically zero lot line homes with most being on .16 to .18 acre lots with minimal set back from the sidewalks. 

So which does one choose?  Perhaps neither of these.

The best choice may be in the nearby Enclave subdivision or Augusta Trace on Turtle Creek Golf Course or something a bit older in Heritage Acres or Three Meadows. Or maybe the nearby Viera planned unit development only a couple of miles away!

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