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154 Pecan Bayou Drive
Alexandria, LA 71303
$1,185,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3859
Property Description
Brick courtyard with fountain, lights and water flow controlled by light switch in home, Emtek doorknobs throughout home, 3 hanging gas lanterns, Large kitchen window overlooking courtyard with fountain, Custom Molding throughout home designed with personal made knife, Custom designed wood headers over every door and cased opening, Reclaimed wood ceiling at Courtyard entrance, Reclaimed beams in Living Room, 14 ft. Coffered ceiling in foyer, Plinth blocks on all door casing, Applied molding on walls in Formal Dining Room, 12 – 14 ft ceilings throughout, Quartzite countertops throughout house, Jen Air Appliance package $50,000.00, Six gas burners with double ovens, Tower refrigerator and freezer, Microwave drawer, Warming drawer, Steam oven, Ice maker, Custom shaker style cabinets with bead insert full overlay, 18 ft wood boxed ceiling in office/bedroom room with cypress wrapped beams, Reclaimed wood doors in office/bedroom, Isokern wood burning fireplace with gas ignition inside and outside, Marble flooring and shower in Bathroom #3, Custom 10 ft. windows to the floor in living and breakfast, Custom built wood doors, Custom 8 ft. wide His/Hers walkthrough Master Shower with 10’ceilings all marble, Emtek crystal cabinet knobs in Master Bathroom, Marble countertops in Master Bath, Marble flooring in Master Bath, Two large custom designed closets in Master, Hidden closet/gun room, Digital keyless locks on two doors with one operating via phone/WIFI, Plantation shutters in two bedrooms and two baths, custom painted from the factory to match trim color, All closets custom built with shoe/sweater racks, Custom pool designed by Robert Plant and built by Ewing Pools with inground floor cleaner, chiller and brick fountain wall all operated by phone/WIFI, Custom audio system inside and outside, 30,000.00 Landscaping designed by Darren Greene, Outdoor brick fireplace with gas ignition and brick hearth, Outdoor kitchen with gas grill, refrigerator, stainless steel cabinets, and sink with garbage disposal, 3 car garage with 11’ ceilings and painted wood luan, Storage room with stairs to the floored attic, Custom built aluminum operational powder coated shutters, Security system with cameras connected to app in phone, Porch, front steps, courtyard, and guest parking have St. Louis used brick, Custom built concrete retainer wall overlooking woods in backyard, Night lighting on automated switches around house, front porch, landscaping in backyard including lights 20’ high in back yard trees, Painted rafter tails on front, back, and side porch, Entire home has water filtration system with reverse osmosis filtered faucet in kitchen Reserve: Lights in office, living, breakfast, island, foyer sconce, and office bath (will give lighting allowance); Curtains and curtain rod; Gym equipment; green egg *Owner Agent
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2020
MLS Number
2399941
Location
Address
154 PECAN BAYOU Drive
City
Alexandria
State
LA
Zip Code
71303
County
RAPIDES
Listing
Provider
CENTURY 21 Buelow-Miller Realty, original listing
Name
CENTURY 21 Buelow-Miller Realty
Phone
(318) 442-1381
Office Name
CENTURY 21 BUELOW-MILLER REALTY
Office Phone
(318) 442-1381
Agent Name
CHANEL BOLTON

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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.