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9641 Lochfield Drive
Pike Road, AL 36064
$479,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2838
Property Description
Hurry to see this custom built 4-bedroom, 3 bath home that is in pristine condition. Lots of updates, including recently painted interior of the home, a new custom tiled shower in the hall bathroom, recently painted custom built kitchen cabinets and cabinets in guest bathrooms, beautiful salt water pool, covered patio with stamped concrete, and professional outdoor lighting. This home features stunning crown molding throughout, beautiful hard wood floors, plantation shutters, and custom bamboo shades. The home boasts natural light throughout with a view of the salt-water pool from every window in the back of the house, making you feel like you are in a resort! The outdoor living space is perfect for relaxing. There is also yard space in addition to the pool area. Entering the foyer, you are greeted with natural light, gorgeous hard wood floors, and custom crown molding. The spacious dining room opens into the den making entertaining a breeze. The den is the center of the home with a wonderful gas fireplace. The den opens into the eat-in kitchen and the sunroom. The kitchen is a cook's dream with custom-painted cabinets with new hardware, stainless appliances with a gas range, granite countertops, a deep sink, a large breakfast bar adorned with bead-board underneath, and a pantry. The large eat-in kitchen looks over the pool area. Off the kitchen, the bonus room could be used for an office, or whatever you choose. The large main suite has a tray ceiling and crown molding. The en-suite bathroom is complete with two walk in closets, a double vanity with granite countertops, garden tub, private water closet, and tiled shower. The other 3 bedrooms are large with the 4th bedroom having a walk-in closet. The hall bathroom has a new tiled shower and the 3rd bathroom is conveniently located for guests. All bathrooms have granite countertops. The laundry room is located as you enter from the 2-car garage. No detail has been overlooked in this immaculate home!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2011
MLS Number
553868
Location
Address
9641 LOCHFIELD Drive
City
Pike Road
State
AL
Zip Code
36064
County
MONTGOMERY
Listing
Provider
ARC Realty, original listing
Name
ARC Realty
Phone
(186) 628-3253 x2
Office Name
ARC Realty
Office Phone
(186) 628-3253 x2
Agent Name
Jill Benefield

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.