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135 Slate Point
Greenup, KY 41144
$999,999
Conventional
Property
Bedroom
6
Bathroom
4
Property Type
Conventional
Square ft
3655
Property Description
These Sellers are motivated and wanted me to let you know! This magnificent property offers an exquisite blend of luxury, space, and natural beauty. 6 bedrooms, 3.5 bathrooms, and endless possibilities, this is the epitome of upscale living. The heart of this home is a chef's delight with ample workspace and large pantry. Custom Amish built cabinets throughout in the large eat in Kitchen. Extra large windows throughout the house invite plenty of natural light, creating a bright and welcoming atmosphere. Stay organized with cleverly integrated storage closets throughout the home. Primary located on the main floor offering a peaceful retreat with spa-like en-suite bathroom, double walk-in closets. Custom tile shower. 3 large bedrooms upstairs, full bathroom and closets galore with a private reading nook overlooking the beautiful yard. The finished basement adds even more value, offering 2 additional bedrooms, a full bath, a large family room, and a functional office space. Additionally, the property features a versatile pole barn with a full kitchen setup, perfect for entertaining and hosting gatherings. Embrace the splendor of nature as you explore the vast almost 120 acres that features flat yards and rolling hills, private trails, a large pond with seating areas. Seize this rare opportunity to own your own paradise with the added bonus of a versatile pole barn, a fully finished basement, and a new asphalt driveway. Seller is offering a paid Home Warranty andMineral rights transfer.
Property Information
Lot Size
116 acre(s) square ft
Property Type
Residential
Year Built
2006
MLS Number
178094
Location
Address
135 Slate Point
City
Greenup
State
KY
Zip Code
41144
County
GREENUP
Listing
Provider
REAL ESTATE CENTRAL, LLC, original listing
Name
REAL ESTATE CENTRAL, LLC
Phone
(304) 201-7653
Office Name
BH&G REAL ESTATE CENTRAL, LLC
Office Phone
(304) 201-7653
Agent Name
Josh McGrath

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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.