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1979 Kiowa Road
Clay Center, KS 67432
$450,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2489
Property Description
If a beautiful home with outdoor living space and large, functional outbuildings is what you are looking for you must see this amazing 4 bedroom, 3 bath country home on 4.4 acres more or less with very nice outbuildings. Although this 1 ½ story home was built in 1941 there have been extensive updates throughout that include a master suite and 2 car attached garage addition completed in 2017. The home is on natural gas and does have both rural water and a well. The exterior is stucco with a beautiful covered porch, 12 x 22 composite deck and a patio along with an underground irrigation system for the yard. The home has newer windows and doors and the attached garage was recently insulated with closed cell spray foam. The interior has large spacious rooms a gas fireplace in the living room and amazing wood work, nice carpet and wood floors throughout. The master suite, office, laundry and all 3 baths are on the main level. The remaining bedrooms are upstairs and all of the bedrooms have walk in or oversized closets. The basement has a nice finished family room and there is an egress window in the basement if a bedroom was to be added. The home has natural gas heat and central air conditioning with 2 complete systems, one for the original home and one for the master suite. There are two outbuildings. The first is a 60 x 60 insulated metal building, with an office space finished out. It has hot water floor heat throughout the concrete floor. There are 2 overhead doors, one is 18 feet high and 30 feet wide the other is 16 feet high and 18 feet wide. Has nice LED lighting and wired for 220, building is entirely plumbed for a compressor with outlets in 3 locations and there is water to the building. The 2nd is 60 x 84 metal building with a 36 x 36 finished shop on a concrete floor, the remainder of the building is all open with a gravel floor. This building has a 10 feet high x 8 feet wide overhead door and a 14 feet high by 25 feet wide double sliding door.
Property Information
Lot Size
4 acre(s) square ft
Property Type
Residential
Year Built
1941
MLS Number
2475076
Location
Address
1979 Kiowa Road
City
Clay Center
State
KS
Zip Code
67432
County
CLAY
Listing
Provider
Crown Realty of Kansas Inc, original listing
Name
Crown Realty of Kansas Inc
Phone
(877) 276-9625
Office Name
Crown Realty
Office Phone
(785) 242-7700
Agent Name
Todd Burroughs

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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.