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4630 W 1100 Road
Wheatfield, IN 46392
$995,000
Conventional
Property
Bedroom
4
Bathroom
6
Property Type
Conventional
Square ft
5712
Property Description
Nicely updated country home on over 20 wooded acres. The approx. 5700 sq ft, 4+ bedroom, 4.5 bath home has a big wrap-around porch and is set back from the road on a mostly wooded lot. There is a stocked 1+ acre pond with a private dock and lighted fountains. As you enter thur the gated security entrance, you will drawn down the beautiful tree-lined lane to what is called Black Walnut Farm. The dozens of walnut trees, as well as numerous other species of oaks, maples, hickory, pines and many planted fruit trees, create a beautiful and natural wildlife lovers' paradise. Many details of the natural and landscaped areas of the pond and yard will provide much enjoyment outdoors. The waterfront dock, the wood firepit with gas starter, the covered porches and decks, the grilling and dining area, pool, hot tub and miles of wooded walking trails are just some of the property's features. There's even a private shooting area and plenty of deer, turkey, waterfowl, and small game if you enjoy shooting and hunting sports. The oversized attached garage is perfect for hobbyists, car collectors or just to house your vehicles and toys. The separate large garage provides additional storage space and has pens and a small pasture for the two pet goats currently living on the property. Inside, you'll find a spacious, partially open-concept layout that makes great use of the finished living space. The big dine-in kitchen is a chef's dream, with a center island cooktop, bar seating, granite countertops, ceramic floors, stainless steel appliances, and ample storage. Imagine sipping your morning coffee from your coffee bar in the breakfast nook or on the front porch overlooking the peaceful pond. The main level also boasts a living room, family room, a bar/reading/office area and a yoga/meditation room. One of the 4.5 baths and an off-garage mudroom with hall lockers are also on the main floor. Upstairs is the primary suite, complete with a decorative fire accent, a spa-like bath, big walk-in closet, and dressing or sitting area. Three additional bedrooms and two tastefully appointed modern baths provide plenty of space for family, friends, or guests. Each bathroom is tastefully appointed with modern fixtures, and one has access from one of the bedrooms. A second-floor laundry is an added bonus for living convenience. In the partially finished basement, there is a living area, a gym, a craft room or workshop. Shown by appointment only to well qualified buyers.
Property Information
Lot Size
21 acre(s) square ft
Property Type
Residential
Year Built
1997
MLS Number
202334808
Location
Address
4630 W 1100 Road
City
Wheatfield
State
IN
Zip Code
46392
County
JASPER
Listing
Provider
William Minor, original listing
Name
William Minor
Phone
(317) 446-9500
Office Name
Whitetail Properties Real Estate
Office Phone
(217) 285-9000
Agent Name
Robert Styka

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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.