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916 Twelve Oaks Dr
Mt Washington, KY 40047
$975,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
6958
Property Description
Welcome to your dream home in the desirable Twelve Oaks neighborhood! As you step into the main floor of this traditional style home, you will immediately be greeted by the spacious foyer area with a formal living room and dining room. When you walk into the inviting family room with a cozy fireplace, and bar area perfect for relaxing with loved ones and friends. Make your way to the stunning second floor, where all four bedrooms are located, including the primary suite. This luxurious retreat boasts a dual fireplace, connecting to the primary bathroom, creating a warm and romantic ambiance. The en-suite bathroom features a spa-like atmosphere, perfect for unwinding after a long day. With a total of 5517 square feet, there is plenty of room for all your needs. The main floor offers 3812 square feet, while the basement provides an additional 1705 square feet, complete with a theater room, family room or pool room, and a full kitchen with a dining area and a full bathroom. The possibilities are endless in this versatile space. But the amenities don't stop there. Step outside to your own private oasis with an inground pool and fully stocked pond, perfect for summer days spent relaxing and entertaining. And for all your storage needs, there is a 3-car attached garage, as well as a 3-car detached garage with an in-law suite attached on the second floor with newer carpet and a full kitchen and 1 full bathroom. Also don't worry about having to do laundry at the main house there's a half bathroom downstairs with a washer and dryer. Located on 8.94 acres, this home offers both privacy and convenience. In close proximity to shops, grocery stores, schools, parks, golf courses, and tennis courts, you will have everything you need right at your fingertips. Come and see for yourself why 916 Twelve Oaks Dr is the perfect place to call home. Don't miss your chance to own this unique and luxurious property. Schedule your showing today and start living your dream life in Twelve Oaks! Offered at $995,000
Property Information
Lot Size
8 acre(s) square ft
Property Type
Residential
Year Built
1993
MLS Number
1657317
Location
Address
916 Twelve Oaks Dr
City
Mt Washington
State
KY
Zip Code
40047
County
BULLITT
Listing
Provider
Keller Williams Realty, Louisville East, original listing
Name
Keller Williams Realty, Louisville East
Phone
(502) 554-9500
Office Name
Keller Williams Louisville East
Office Phone
(502) 554-9500
Agent Name
Mary Ann Ritsch

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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.