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36089 Feuding Lane
Sterling, AK 99672
$989,671
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
5064
Property Description
WELCOME TO BEAUTIFUL ALASKA! This home sits perched high up on a hill with breathtaking panoramic views of the Alaska mountains, scenery and wildlife all around. As soon as you step through the door, you will see quality and excellence in design everywhere you look. This home is a 'must see' to be able to appreciate the craftsmanship and elegance. This grand 5,064 sq. ft. home with it's 5 bedroom and 4 multi-purpose rooms which could be a study, office, library, & craft room, 4 full bathrooms, 2 half baths. Features LED lighting, hardwood floors, high ceilings, security system, granite/counter tops, custom tile work, and upgrades everywhere you look throughout this amazing home. Sellers just added a 16 X 42 ft deck off the main living area. The lowest level has a separate entrance, with two bedrooms, one bath, laundry facility, second kitchen, wood stove, and ample living space. This could be a mother-in-law or Nanny's living quarters. The main floor has a remarkable chef's kitchen that is spacious and well designed with lots of generous custom cabinetry, granite counter tops, high end appliances and finishes. There is a walk-in pantry and a large laundry room off the kitchen. You will LOVE the formal dining room and huge open concept main living areas full of natural light. This home has a lot of windows to let in natural light throughout. As you go up the grand staircase to the 3rd and 4th level, you will see the spacious bedrooms with large closets and beautiful windows letting in lots of natural light. You will never get tired of the view of surrounding mountain ranges from these levels. The Master bedroom suite offers a private deck, a jetted tub, a walk in shower, and tile work that shines with pride of ownership. The garage is HUGE at 961 sq.ft. with high garage doors, storage shelves, mezzanine, and plenty of space for all the vehicles and toys. Outside you have tons of parking for your RV/Boat and much more. If you like to garden, there is an awesome 70 ft. long high tunnel. Landscaping displays creativity and beauty. Builders that built the home were licensed and bonded builders, with construction company named PRP Contracting. They have been well known for quality craftsmanship and superior design. The high end energy efficient construction keeps the utility bills minimal. This home has been inspected by Bob Springer throughout construction to include the plumbing, electrical, insulation, foundation, framing, etc. All documents will be attached. LOCATION, LOCATION, LOCATION, This Alaskan retreat is close to the KENAI RIVER and situated between TWO boat launches, Bings Landing and DOT'S. The launch and parking fees are very reasonable!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2018
MLS Number
23-9243
Location
Address
36089 Feuding Lane
City
Sterling
State
AK
Zip Code
99672
County
KENAI PENINSULA
Listing
Provider
exp realty llc, original listing
Name
exp realty llc
Phone
(907) 351-9434
Office Name
EXP Realty, LLC
Office Phone
(907) 519-0095
Agent Name
Katie Uei

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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.