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441075 E 240 Road
Vinita, OK 74301
$579,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
1842
Property Description
THIS BEAUTIFUL PROPERTY IS SITUATED ON 5 ACRES. CONVENIENTLY LOCATED CLOSE TO TOWN, BUT WITH SPRAWLING COUNTRY LIVING. BEAUTIFUL PIPE FENCING SURROUNDING THE PREMISES. THIS AMAZING PROPERTY, WITH A NICE FAMILY HOME, ALSO HOUSES TWO ADDITIONAL, TEMPERATURE CONTROLLED GARAGE/SHOPS. FABULOUS FOR A WORKSHOP OR A COLLECTION. THESE BONUS BUILDINGS COME WITH COVERED PARKING ON ONE SIDE AND AN ADDITIONAL HALF BATH IN ONE. ALSO INCLUDED IS A TACK ROOM. AND, TWO MORE FREE STANDING CARPORTS. THE INSIDE OF THE HOME HOUSES A GIANT MASTER BEDROOM WITH A LARGE TUB IN THE MASTER BATH. THIS PROPERTY IS A REAL GEM THAT WOULD BE PERFECT FOR ANYONE LOOKING FOR BOTH PRIVACY AND COMFORT. SITUATED IN CLOSE PROXIMITY TO AN UPCOMING AMUSEMENT PARK, THIS PROPERTY PRESENTS AN EXCEPTIONAL OPPORTUNITY TO CAPITALIZE ON THE ANTICIPATED GROWTH AND EXCITEMENT THAT WILL SURROUND THE AREA. IMAGINE BEING JUST MOMENTS AWAY FROM A WORLD OF ENTERTAINMENT, ATTRACTING VISITORS FROM FAR AND WIDE. WITH ITS GENEROUS SIZE, THE EXPANSIVE PARCEL OF LAND PROVIDES AMPLE SPACE TO BRING YOUR DREAMS TO LIFE. WHETHER YOU ENVISION CREATING A RESIDENTIAL COMMUNITY, A COMMERCIAL COMPLEX, OR A MIXED-USE DEVELOPMENT, THE POTENTIAL IS BOUNDLESS. DON'T MISS OUT ON THIS ONCE-IN-A-LIFETIME OPPORTUNITY TO SHAPE THE FUTURE OF THIS THRIVING AREA. WHETHER YOU'RE AN EXPERIENCED DEVELOPER OR AN AMBITIOUS ENTREPRENEUR, THIS 5-ACRE PROPERTY IS READY TO BE TRANSFORMED INTO SOMETHING EXTRAORDINARY. SEIZE THE CHANCE TO CREATE A LEGACY AND MAKE YOUR MARK ON THIS RAPIDLY GROWING COMMUNITY.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
1958
MLS Number
2400971
Location
Address
441075 E 240 Road
City
Vinita
State
OK
Zip Code
74301
County
CRAIG
Listing
Provider
Chinowth & Cohen Realtors, original listing
Name
Chinowth & Cohen Realtors
Phone
(918) 392-0900
Office Name
Chinowth & Cohen
Office Phone
(918) 392-0900
Agent Name
Gayle Roberts-Pisklo

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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.