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5901 S 127th St E
Derby, KS 67037
$1,995,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
5244
Property Description
Step into your own slice of paradise with this extraordinary estate sprawling across over 70 acres of picturesque countryside. From the moment you arrive, you're greeted by the promise of a lifestyle defined by luxury and tranquility. Passing the waterfall feature in the circle driveway, your cares of the day start to fade away. Enter through the triple column entry, where a world of wonders awaits within. Crown cove accents the entryway, welcoming guests with understated sophistication. A marble entry floor sets a tone of timeless elegance, while custom wood shutters add a touch of refinement to every room and maple wood floors grace the main floor with warmth and elegance. Elegant beams adorn the living and kitchen areas, adding a touch of architectural intrigue. Two way stone fireplaces with custom mantle made from timber from the land is the focal point of this area creating an ambiance of rustic charm and comfort. The kitchen is the heart of this exquisite home, granite countertops, as durable as they are beautiful, grace the kitchen, offering a luxurious workspace that's both practical and visually stunning. Custom cabinetry, adorned with light rail accents, exudes timeless sophistication while providing ample storage space to keep your kitchen organized and clutter-free. A dedicated display area adds a touch of personal flair, allowing you to showcase treasured culinary essentials or decorative accents with pride. The island serves as the focal point of the space, offering additional prep area and storage for your convenience. Whether you're whipping up a gourmet feast or enjoying a casual meal with loved ones, this kitchen provides the perfect backdrop for unforgettable moments. Floating beams in the master bedroom and a tranquil fireplace, offering a haven of relaxation and serenity. The well appointed bath with custom tile shower and tub and to finish it off with the closet that is the envy of all closets. Entertain with ease in the full wet bar of the basement, featuring stone accents and a wine cellar capable of holding 300 bottles of your favorite vintages. The outdoor kitchen, meticulously crafted with a mortise and tenon frame and adorned with sleek concrete countertops, begs you to pull up a chair and enjoy dinner while watching the most amazing Kansas sunsets. Everything is ultra convenient, an outdoor half bath and shower offer effortless relaxation while you are catching some rays in the 18x40 heated pool, complete with a new liner and cover. Other memorable mentions not to be missed, custom tile showers and granite countertops throughout, while two master suites provide unparalleled comfort and convenience, each offering direct access to the outdoors. With two laundry areas, convenience is always at your fingertips. Find peace of mind in the storm shelter, ensuring safety and security during inclement weather. The oversized three-car garage boasts painted floors, a utility sink, and a drop zone for added convenience. Let's get outside!!! Discover the barn measuring 60x64 with a concrete floor and wood-burning stove, offering endless possibilities for hobbyists and farmers alike. The entire acreage is fully fenced with hot wire and features water lines with quick connects throughout. Not just one, but two ponds with charming concrete bridges. A fenced garden area with sprinklers makes gardening a breeze. Embrace the opportunity to make this extraordinary estate your own, where every amenity and indulgence has been thoughtfully curated to elevate your lifestyle to new heights of splendor and sophistication.
Property Information
Lot Size
71 acre(s) square ft
Property Type
Residential
Year Built
2014
MLS Number
638819
Location
Address
5901 S 127th St E
City
Derby
State
KS
Zip Code
67037
County
SEDGWICK
Listing
Provider
Hometown Partners, LLC, original listing
Name
Hometown Partners, LLC
Phone
(316) 729-8500
Office Name
Keller Williams Hometown Partners
Office Phone
(316) 729-8500
Agent Name
Amy Preister

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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.