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2015 Drury Lane
Mission Hills, KS 66208
$2,749,900
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
6590
Property Description
Designed by pioneering architect, Mary Rockwell Hook. Every element of this Mission Hills home has been meticulously crafted with both beauty and functionality in mind. As you step through the threshold, you are greeted by a grand foyer with sweeping staircase and warm embrace of Italian terrazzo flooring-a mosaic of marble chips set in polished concrete, a testament to craftsmanship and attention to detail. The main living spaces seamlessly blend classic elegance with a modern functionality. Stepping down from the entry is an elegant hand painted formal living space with a marble fireplace and french doors leading to your beautiful garden. Through your formal living you will find your private office space with custom built-in. From there you enter your family room with soaring coffered ceiling, stone fireplace, and double French doors leading to your private backyard oasis. Continuing through the home you'll find a formal dining space with barrel ceilings, and additional french door overlooks private pool. The heart of the home is the kitchen-w/high end stainless appliances, island, hearth room, additional mud room, and main floor laundry. Upstairs find a massive primary suite w/fp, two walk in closets, and updated en suite. Bedroom 3 includes its own en suite, further down the hall, Bedroom 1 and 2 are spacious and share a newly updated hall bathroom with double sinks and vanity. At the end of the hall, you are greeted by a 350 sq ft bonus room with custom built-in cabinet and tons of natural light. The lower level living you will find two recreational rooms, one with a rare stone exposed walls and cozy stone fireplace, wine storage, 5th conforming bedroom, full bathroom with steam shower and sauna, 2nd recreational room with a wet bar, beverage refrigerator, and a walk out walk up basement leading to your incredible landscaped backyard with a pool and hot tub. Please see full list of Features and Upgrades.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1928
MLS Number
2472822
Location
Address
2015 Drury Lane
City
Mission Hills
State
KS
Zip Code
66208
County
JOHNSON (NORTH COUNTY)
Listing
Provider
ReeceNichols, original listing
Name
ReeceNichols
Phone
(913) 558-8977
Office Name
ReeceNichols - Country Club Pl
Office Phone
(816) 709-4900
Agent Name
Heather Lyn Bortnick

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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.