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1220 S Oakhill
Atoka, OK 74525
$550,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2411
Property Description
Discover luxury living at its finest with this immaculate home situated on 2 acres. Boasting a manicured yard with a privacy fence, a second building that could serve as a guest house, man cave, or office space, a storm cellar for added safety, and ample outdoor living spaces including a large patio in the backyard and a covered porch in the front yard, this property offers a perfect blend of comfort, style, and luxury. The stunning exterior exudes elegance and sophistication. Notice the grandeur of the high ceilings, open concept living areas and a modern paint scheme throughout that creates a sense of flow and cohesion, while large windows allow natural sunlight to flood the rooms, creating a bright and welcoming atmosphere. The living room features a stunning fireplace with beautifully stained wood that adds warmth and character to the space, providing a cozy spot for gathering with loved ones or unwinding after a long day. The large kitchen features custom stained cabinetry, stainless steel built-in appliances, granite countertops, and a spacious layout that is perfect for meal preparation and entertaining. The bedrooms are generously sized and offer ample space, while the master suite is a private retreat with a door leading to the backyard, tray ceiling, large walk-in closet for storage and organization, and a spacious bathroom with granite countertops, custom stained cabinetry, and Jack and Jill sinks. The second building on the property is open-concept and spacious, offering a versatile space that could be used as a guest house, man cave, office for business, or any other purpose to suit your needs. Complete with a fully functional kitchen area and full bathroom, this building provides additional living space and endless possibilities for customization and personalization. Located in Atoka, Oklahoma, this home offers easy access to nearby attractions, amenities, and recreational opportunities that enrich the quality of life for residents.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
2006
MLS Number
2407424
Location
Address
1220 S Oakhill
City
Atoka
State
OK
Zip Code
74525
County
ATOKA
Listing
Provider
HST & Co., original listing
Name
HST & Co.
Phone
(405) 614-9081
Office Name
HST & CO
Office Phone
(870) 478-7653
Agent Name
Lauren Hutson

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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.