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14865 Highway 174
Mt Vernon, MO 65712
$689,000
Conventional
Property
Bedroom
7
Bathroom
3
Property Type
Conventional
Square ft
2700
Property Description
This immaculate traditional-style country home is situated in a prime location in Mt. Vernon offering a combination of modern amenities and traditional charm, making it an attractive option for potential buyers seeking space, quality, and comfort. The property is conveniently located just 3 minutes from the intermediate/high schools and likewise 3 minutes from the I-44 exit ramps, which creates ease of access for commuters and travelers. The house boasts seven bedrooms and three bathrooms, making it suitable for a large family or hosting guests. The interior presents newly refinished Hickory hardwood flooring with a high-traffic finish, ensuring durability and an appealing look. A custom-made elder wood front door adds an artisanal touch to the entrance, and hand-made ceiling beams in the living room contribute to the home's rustic and modern aesthetic. All interior doors are crafted from pinewood, enhancing the home's custom and quality feel. Freshly painted walls throughout the house create a clean and updated appearance. Both the kitchen and bathrooms feature elder wood cabinets and custom-cut granite countertops, indicating a high level of quality in the home's design. All bathrooms have modern-style walk-in glass showers and tile flooring, adding to the contemporary and stylish feel. The exterior of the home has been well-maintained with a brand-new gutter system and great quality roofing, and the front deck has been newly stained, enhancing its curb appeal. A fully screened back porch that includes sun windows offers a comfortable outdoor space for relaxation. Also, the brand new 3-car garage comes with stairs leading to an attic space providing ample storage. The property includes expansive land with a chicken coop and wired fence for those interested in gardening, keeping chickens and other personal uses. Lastly, a seller inspection report is available, offering transparency and valuable information about the condition of the property.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
2015
MLS Number
60253848
Location
Address
14865 Highway 174
City
Mt Vernon
State
MO
Zip Code
65712
County
LAWRENCE
Listing
Provider
Murney Associates, LLC, original listing
Name
Murney Associates, LLC
Phone
(417) 575-1205
Office Name
Murney Associates - Primrose
Office Phone
(417) 823-2300
Agent Name
Gabriel Popa

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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.