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540 Country Club Rd
Sheldon, IA 51201
$525,000
Conventional
Property
Bedroom
1
Bathroom
3
Property Type
Conventional
Square ft
4060
Property Description
This condominium is the epitome of quality and beauty!! This 2,196 sq ft beauty, with an open floor plan will take your breath away!! The kitchen is to the front with beautiful custom made cabinets with stunning Cambria counter tops. A large island, with an additional sink, is open to the dining room and living room. This very spacious living room has a unique vaulted ceiling that makes it seem even more spacious. And if it's natural light that you want, this will certainly satisfy with the large picture windows with built-in blinds. During the cooler months you can snuggle up with the gas fireplace that has ceramic tile surround and lighted built-ins for decorations. Also on the main level is a half bath for guests and the master suite that features a lighted tray ceiling and a glass sliding door to a solid cement deck. Walking into the large master bath you'll have double sinks, lights under the vanity, a walk-in, onyx shower and a huge walk-in closet that conveniently connects to the laundry room. The laundry has storage galore with white cabinets, a closet, a utility sink and counter top space for folding clothes. As we head down to the lower level, of which 1,894 sq ft of it is finished for additional living space. You'll walk into this stunning rec room and family room accentuated by rustic hickory trim and doors. The rec room has a bar with a mini frig, microwave and six bar stools. In the family room, you'll have another gas fireplace to cozy up to with stone surround and built-in cabinets and shelves. It also has a glass sliding door to a covered, cement patio area convenient for more entertaining outdoors if you so desire. There are also two non-conforming bedrooms with large walk-in closets, a storage room and a mechanical room. This condominium also features a zero entry, two stall, attached garage that is finished, insulated, has shelves and movable cabinets, work bench, epoxy floor, utility sink and two floor drains...
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2014
MLS Number
824350
Location
Address
540 Country Club Rd
City
Sheldon
State
IA
Zip Code
51201
County
O`BRIEN
Listing
Provider
Northwest Realty, original listing
Name
Northwest Realty
Phone
(712) 737-3386
Office Name
Northwest Realty
Office Phone
(712) 441-2229
Agent Name
Jayne Korver

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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.