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2323 Nebraska Street
Sioux City, IA 51104
$600,000
Conventional
Property
Bedroom
8
Bathroom
4
Property Type
Conventional
Square ft
6069
Property Description
Here is your chance to own a piece of Sioux City history with this Georgian Mansion. The architect was Howard Shaw from Chicago and the builder was Frank Clark from Sioux City. This home has 3 stories with 8 bedrooms, 4 bathrooms, lots of living areas and sits on a half acre lot. As you approach the front there is a brick paver patio leading you to the front door. Entering the foyer you will see a grand staircase and leaded glass doors which lead to a family room with wood floor, a unique circular wall and door to a patio. There is a convenient half bathroom and coat closet in the foyer. To the left of the foyer is the living room with wood floor, wood walls, beamed ceiling, gas FP, bookshelves and 2 doors to the 10 x 20 sunroom. To the right of the foyer is the formal dining room with wood floor, gas FP and corner hutch. Tucked behind is the eat in kitchen with white cabinets, pantry, granite counter, and all appliances stay. Going upstairs you will notice the spindles have been redone and all wood floors refinished by Don Hanna. There are large landings halfway up. Second floor has 2 bedrooms and a full bathroom with original tile that could be a master suite as there is a pocket door for these rooms. There is a door from each of these rooms to the second level porch. There are 3 more bedrooms on the second floor, each with wood floor, a full bathroom with tub/shower combo, original tile, and there is lots of storage in the hallway. The third floor has 3 more bedrooms. One bedroom has carpet and a bathroom with a claw foot tub. The other 2 bedrooms have dormers and wood floors. The back staircase goes from the kitchen to the third floor. The basement is partially finished with a 10x18 rec room. 2 car detached garage. All the windows have been replaced. The boiler has been updated. Central air has been added for some of the bedrooms. The entire lot is sprinkled with a separate water meter. New shingles on house and garage 08/2023..
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1904
MLS Number
823922
Location
Address
2323 Nebraska Street
City
Sioux City
State
IA
Zip Code
51104
County
WOODBURY
Listing
Provider
Century 21 ProLink, original listing
Name
Century 21 ProLink
Phone
(712) 224-2300
Office Name
Century 21 ProLink
Office Phone
(712) 224-2300
Agent Name
Barb Maxon

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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.