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328 Faciane Lane
Slidell, LA 70460
$1,000,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
3638
Property Description
Discover this waterfront oasis nestled on approximately 13 acres, boasting over 1300 feet of pristine bayou waterway frontage. Your journey begins w/ a picturesque front entrance adorned w/ lots of trees & a pond, or a more secluded gravel driveway leading to the rear of the property. Arrive at the circular driveway, greeted by meticulously landscaped gardens, leading you to the inviting front porch where you can soak in sunset views. Step through the front foyer into an expansive open-concept living area, seamlessly blending the living, dining, & kitchen spaces. Floor-to-ceiling windows frame panoramic vistas of the bayou, while a charming brick gas fireplace, adorned w/ wood mantel, offers warmth & character to the living room. Salvaged hard pine wood floors exude rustic elegance throughout. The kitchen serves as the heart of the home, featuring the same salvaged pine floors, a spacious eat-in brick island w/ a sink, & abundant cabinetry for all your essentials. Adjacent to the kitchen, a cozy sitting area awaits, bathed in natural light streaming through large windows overlooking the bayou. For added convenience, a chef's pantry with built-ins & adjacent laundry room equipped w/ ample storage space to cater to your organizational needs. The luxurious primary suite is conveniently situated off the living room. Indulge in the spa-like primary bath, complete w/ double sinks, oversized soaking tub,& separate shower. The expansive walk-in closet features built-in shelving & ample hanging space. Ascending the staircase, you'll find a versatile second level, including a keeping room, a jack-n-jill bathroom servicing two full bedrooms. Additionally, two supplementary wing rooms offer endless possibilities, whether utilized as a home office, storage space, or playroom. Outside, entertain in style by the in-ground pool, beneath the house, or back patio. The back porch is equipped with mosquito misters for uninterrupted enjoyment of the serene surroundings.
Property Information
Lot Size
13 acre(s) square ft
Property Type
Residential
Year Built
--
MLS Number
2445196
Location
Address
328 FACIANE Lane
City
Slidell
State
LA
Zip Code
70460
County
SAINT TAMMANY (EAST)
Listing
Provider
Keller Williams Realty Services, original listing
Name
Keller Williams Realty Services
Phone
(985) 727-7000
Office Name
Keller Williams Realty Services
Office Phone
(985) 727-7000
Agent Name
Manly Cazedessus

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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.