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1491 W Hwy 34
Aurora, NE 68818
$775,000
Conventional
Property
Bedroom
5
Bathroom
3
Property Type
Conventional
Square ft
3569
Property Description
House with 4 car attached garage, 5 bedrooms, 2.5 bathrooms, 5.17 acres total, barn, garden, & garden shed. This home isn't just a house, it is a classic piece of what makes Aurora, Nebraska so beautiful. Built in 1915 and very well preserved, this home sits on the west edge of Aurora. The property includes 5.17+/- acres total, 3.87+/- acres of that is fenced grass/pasture, and on approximately 1 acre sits the home, yard, garden shed, and barn. The property has its own well and septic system. The house has basement, main level, upstairs, and attic, with approximately 1,500+ sq ft on each level. The house has a beautiful wrap around porch, attached 4 car garage, underground sprinklers, established landscaping, a tree lined property, historical barn, garden area, and garden shed. The entry way of the home has an old-fashioned staircase with intricate wooden details leading to upstairs, a built-in bench, and coat closet. Moving in living room, there is a comfortable seating area with large windows and another doorway to the wrap-around porch. Past the seating area, is a cozy area with wood burning fireplace insert and lined chimney. This leads into the dining room. The dining room's beautiful custom woodworking includes a built-in buffet and hutch. The original lead glass windows have remained intact but updated. New Bristol windows were installed in 2012 on the main level. The kitchen was remodeled in 2007. The wooden cabinets and built-ins have solid surface countertops. The over the range microwave, electric range, dishwasher, and fridge/freezer will remain in the home. From the kitchen, leads to a sunroom and exit outside. Also, from the kitchen is the second set of butler stairs to the upper level of the house. The main level 1/2 bathroom sits between the kitchen and den area of the house. From the den, leads into the bonus office/breezeway and to the four-car garage. Both the breezeway and garage have walk though doors leading to the front and back of the house. The upstairs bedroom area of the home has 5 bedrooms, one of which is the master bedroom. Upstairs, there is 1 full bathroom, that was updated in 2005, has a double sink with onyx countertop, and tub/shower. New Bristol windows were installed in the upstairs level in 2012. The bedrooms all have gorgeous hardwood floors and nice size closets. The upper bedroom level of the home has a stairway that provides access to the attic for mechanics and storage. The attic is approximately 46 ft x 24 ft, has 8 windows that were replaced in 2017, and contains the forced air and heating unit. The basement of the home has stairway for outdoor access. The basement contains the electric panel, hot water heater, water softener, boiler, coal room, sprinkler controls, and laundry room. Also, in the basement is many storage options, a living room area, and 3/4 bathroom. Bristol windows were installed in the basement in 2017. The house has 8+ ft ceilings throughout the home, a laundry chute, and so many custom and vintage touches. The historic roofline, steel siding, and roof and gutters are all in excellent condition. This property looking for someone who wants to be close to town, yet on their own acreage. The lawn has been fertilized this spring and is continuously watered with underground sprinklers. The garden area is prepped and ready for planting. This property is truly one of a kind and is excited for its new family.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
1915
MLS Number
11272342
Location
Address
1491 W Hwy 34
City
Aurora
State
NE
Zip Code
68818
County
HAMILTON
Listing
Provider
Cornwell Inc.Land & Home Brokers-Auctioneers, original listing
Name
Cornwell Inc.Land & Home Brokers-Auctioneers
Phone
(402) 694-8470
Office Name
Cornwell Inc.Land & Home Brokers-Auctioneers
Office Phone
(402) 694-8470
Agent Name
Clinton Mickey

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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.