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601 Connell
Dysart, IA 52224
$329,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2864
Property Description
REDUCED DUE TO JOB RELOCATION $10,000 PLUS SELLERS GIVING A $ 5,000 CLOSING COST AND PREPAIDS CREDIT AT CLOSING!!!!!! Recently remodeled Brick Mid-Century Modern Ranch 3 bedroom 2 ½ bath, turn-key ready located on a Main Street corner lot. Short walk to elementary school, middle school, public pool, park, library, post office, shopping and dining. Connected to the attached garage is a large breezeway to welcome family and friends with a place for shoes and coats. Updated features include south facing Pella casement windows, patterned porcelain tile floors, modern doors with 5 windows to allow ample light. Can also be used as a sitting area to enjoy your morning coffee or evening wine. The adjacent powder room is resplendent with full walls of vertical subway tile and finished with patterned porcelain tile floor. The kitchen features shaker style cabinets and pantry with dove-tail drawers, full-extension soft closing undermount runners for seamless operations. a pull-out spice organizer, and corner lazy susan double shelf. Walls are covered with matte white penny tile. The new appliances include a Kutch Professional Chef Series gas oven and Samsung refrigerator and dishwasher. All of this is connected together by quartz concrete finish countertops. Transitioning through the open space where walls were removed, you enter the large dining room with more Pella windows for the Fall and Spring breezes. Again, no walls separate you from the living room with its oversized Pella casement windows that flood the space with soft southern and eastern light and bring the view of mature maple trees right into the room. The northern side of the house features a flowing hallway with original mid-century Maple checkerboard paneling with entry to three large bedrooms. The First bedroom is a light filled large master with casement Pella windows to the East and a new ensuite bathroom with an arched entry, freestanding deep soaking black bathtub, towel warmer and open glass shower, with tiled floor and walls. The middle bedroom is large enough for a King size bed with original maple floors and closets with built-in drawers. The third large bedroom also has original maple floors and closets and is currently being used as a home office for remote work. The basement features new carpet, a kitchenette counter microwave and refrigerator with wiring for an oven. Large entertainment area with faux fireplace and 70” TV. There is also non-conforming bedroom. The utility side of the basement has been freshly painted and has a new HVAC installed December of 2021, wiring updated with new breaker, new Samsung Washer and Dryer with steam/moisture sensor features, plus a remodeled bathroom with a shower.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1970
MLS Number
20241835
Location
Address
601 Connell
City
Dysart
State
IA
Zip Code
52224
County
TAMA
Listing
Provider
Carl Luze Real Estate, original listing
Name
Carl Luze Real Estate
Phone
(319) 269-7858
Office Name
Carl Luze Real Estate
Office Phone
(319) 476-4949
Agent Name
Julie Elliott

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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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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.