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88017 521 Dr
Verdigre, NE 68783
$549,000
Conventional
Property
Bedroom
5
Bathroom
3
Property Type
Conventional
Square ft
--
Property Description
This is a unique property consisting of approximately 78.55 acres near the Verdigre Creek, it includes a charming country home, three rental cabins (currently operating as Slinger Farm Cabins), a 40x80 machine storage shed, smaller outbuildings, livestock facilities, native pastureland, mature hardwood tree cover, and wildlife habitat. The home offers five bedrooms, full bath, additional 1/2 bath, eat-in kitchen, formal dining room, living room, parlor, and sunroom with gas fireplace. The home boasts of ornate woodwork, etched glass, panel doors, and other unique features. The full basement provides a family room, mechanical room, a ton of storage and 3/4 bath. The third story attic has a large cedar lined closet, has been insulated and sheeted, and is ready to be used as a hobby room or playroom. The home is serviced by a propane furnace, central a/c, gas hot water heater, and a wood furnace. It has a larger single car attached garage. The home resides in a heavily forested oak tree setting at the end of a long tree lined driveway. The property has three cabins. Each cabin has one bedroom, one bath, kitchen, living area, window heat and air, a covered front porch with grilling area and all come completely furnished. More details regarding the lodging business are available upon request. The owners continue to operate the lodging business and continue to make reservations. The remainder of the property offers native pasture and recreational land with grazing and hunting income. The property is just a couple miles south of Verdigre and has tremendous deer and turkey on site and the surrounding area. The property has beautiful views of the hillsides and the Verdigre Creek valley.
Property Information
Lot Size
78 acre(s) square ft
Property Type
Residential
Year Built
--
MLS Number
11225619
Location
Address
88017 521 Dr
City
Verdigre
State
NE
Zip Code
68783
County
KNOX
Listing
Provider
Mossy Oak Properties Homestead Land & Management,, original listing
Name
Mossy Oak Properties Homestead Land & Management,
Phone
(402) 358-5100
Office Name
Mossy Oak Properties Homestead Land & Managem
Office Phone
(402) 358-5100
Agent Name
Ryan Vesely

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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.