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589 Marshall Ridge Road
Greensburg, KY 42743
$520,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3001
Property Description
Here is your chance to own your dream home! Gorgeous modern farmhouse located just 2 miles out of the city limits of Greensburg and 11 miles from Campbellsville in the much desired Marshall Ridge area 1/2 mile from the Green County Country Club and Golf Course. This 4 bedroom, 2 1/2 bath home is situated on 1.71 acres with a magnificent view of the countryside. The home has over 3,000 square feet of living space on 2 floors with an entertaining area extending to the outside. You will absolutely love the wrap around porch with gazebo, covered rocking chair front porch and backyard with in-ground sport pool and patio area. Completing the well landscaped, outdoor space is a large yard area for play, a garden space, raised beds and a kennel. Once you step inside, you will be impressed with a beautifully designed and well laid out floor plan. A large open concept living, kitchen and dining area with fireplace invites you in. Flooring on the main floor is a beautiful hardwood and tile. Natural gas heat will keep you warm. The well appointed kitchen features a center island, stainless steel appliances and white cabinets with upgrades. Steps from the dining area is a sunroom with cathedral ceiling, wooden beams and large picture windows to take in the view. Completing the main floor is a primary bedroom with en-suite bath, french doors leading to the porch and huge walk-in closet, office, guest bath and main floor laundry with pantry. Upstairs you will find 3 additional carpeted bedrooms with walk in closets, another full bath and attic storage space. A two car attached garage with golf cart garage will hold your autos and toys.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1996
MLS Number
SC45312
Location
Address
589 Marshall Ridge Road
City
Greensburg
State
KY
Zip Code
42743
County
GREEN
Listing
Provider
Southern Nest Realty, LLC, original listing
Name
Southern Nest Realty, LLC
Phone
(270) 380-1250
Office Name
Southern Nest Realty, LLC
Office Phone
(270) 380-1250
Agent Name
Tammy Stotts

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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.