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507 Vine Street
Atwood, KS 67730
$170,000
Conventional
Property
Bedroom
5
Bathroom
2
Property Type
Conventional
Square ft
2600
Property Description
A home with classic style, a south facing front porch and beautiful woodwork from the 1920's. This charming home features a large living space with a retired fireplace and a open flow to the dining room. There are 3 bedrooms on this main level, with one currently being used as an office with amazing natural light. The kitchen has lots of countertop space and plenty of storage for all your appliances and essentials. The basement bedrooms might be called non-conforming because they lack egress windows but WOW they have enormous closets and plenty of room for your massive bed and lots of furniture. The basement has a wide walk-in shower in the double sink bathroom. The laundry room/craft room is one of the largest I've ever seen. The storage is awesome. It's perfect for your folding, or sewing or other crafts. As you enter the rear of the home a large mudroom with tongue and groove siding has been added with its own heater. The battle against mud and dirt is easy with this large entryway that has room for everyone's coats and boots. There is an oversized garage with more storage down the long driveway. This home is located near the downtown and within quick walking distance to the store, library and theater. In the block across the street a brand new pickle ball court is being constructed. To schedule an appointment to see this property please call or text Diana Skiles at 785-626-5800
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1923
MLS Number
84838
Location
Address
507 Vine Street
City
Atwood
State
KS
Zip Code
67730
County
RAWLINS
Listing
Provider
Pine Branch Real Estate, original listing
Name
Pine Branch Real Estate
Phone
(785) 626-3196
Office Name
Pine Branch Real Estate
Office Phone
(785) 626-3196
Agent Name
Diana Skiles

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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.