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47447 Mead Road
Heavener, OK 74937
$525,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2948
Property Description
Country Home - Shop - Land - National Forest Location: This property is located in a very private and secluded country setting about 2.5 miles East of the small community of Hodgen, Oklahoma. The property is nestled in a beautiful valley setting at the base of Walker Mountain with property frontage to the 1.5 million acre Ouachita National Forest which offer great hunting opportunities for whitetail deer, eastern wild turkey, black bear and wild hogs as well as an impressive network of hiking, horseback riding and ATV trails. The new property owners will enjoy the very best of country living and yet still be close to the modern conveniences that are offered in the nearby towns. The surrounding area offers many recreational activities for the outdoorsman. The property is a short drive from the Wister Lake State Park, Cedar Lake, Broken Bow Lake, Kerr Lake, Lake Eufaula and Lake Sardis. Nearby towns include Poteau, Talihina and Hochatown, Oklahoma. The property is about a 4-hour drive from Dallas, Texas. Services to Property: Rural Electricity, Rural Water, Conventional Septic System and Propane Country Home: This well-maintained home sits on 20 acres m/l and was built in 1992 and features 4 Bedrooms and 2 1/2 baths, large covered porches, updated kitchen with beautiful granite counter tops, farmhouse sink, oak cabinets and amazing wood vinyl flooring throughout, large walk in closets, safe room, and gas log fireplace. The property also includes a 1500 ft2 3 car garage, covered parking for two additional cars, and a large swimming pool. This home could be purchased as a two-family dwelling, multigenerational or extended family house with a shared kitchen. Kitchen: The updated kitchen (30 feet x 25 feet) is very spacious. This kitchen has numerous beautiful custom oak cabinets, amazing granite counter tops with lots of counter space, and a large island complete with a hood. There is also a double farmhouse sink with oil rub bronze faucets. The appliances are stainless steel and include: cook top, oven, dishwasher, and refrigerator. The kitchen is also equipped with a large pantry with numerous built in shelves and display cabinets for Knick knacks. The kitchen has a large eating bar that easily seats 4 with plenty of room to spare for meal prep. In addition, this home features the perfect size dining area for more seating. This area is spacious enough for a table with chairs and additional furnishings. The kitchen is also spacious enough for a sitting area with furnishings. Family Room: The large family room (19 feet x 24 feet) features the gas log fireplace, new vinyl distressed barn room flooring, there is a beautiful brick accent wall with 3 brick stairs leading into the kitchen. The rooms proximity to the kitchen and pool room is perfect for entertaining guest. Master Bedroom #1: (10 feet x 12 feet) Plenty of space for a king-size bed. There is an accent wall with barn wood and an exit to the deck. The floors are covered in like new high traffic carpet. The Master Bath (7 feet x 10) and (7 feet x 11) is designed perfectly for a master bath and has a separate area that can be utilized as a guest bathroom. The room is equipped with a very large single vanity and closet space with built-in shelves, hanging area and drawers. The vanity has laminate countertop, oil rub bronze faucets and the floors are covered in vinyl. There is a shower. Bedroom #2: (13 feet x 9 feet), Laundry Room (12 feet x 5 feet). Level II Living Room (17 feet x 15 feet). Bedroom #3: (12 feet x 20 feet) Bedroom #4: (11 feet x 9 feet) Bathroom #2: (6 feet x 11 feet) This home also features a utility/mud room (22 feet x 8 feet). Safe Room: There is a large safe room. Air-conditioned insulated shop with bathroom: 30-foot-wide x 50-foot-long metal shop building complete with concrete flooring, electrical wiring, and lighting. Land: There are approximately 20 acres of land that will convey with this transaction. Pond
Property Information
Lot Size
20 acre(s) square ft
Property Type
Residential
Year Built
1992
MLS Number
11231161
Location
Address
47447 Mead Road
City
Heavener
State
OK
Zip Code
74937
County
LE FLORE
Listing
Provider
United Country-Mixon Realty & Auctions, original listing
Name
United Country-Mixon Realty & Auctions
Phone
(918) 647-9114
Office Name
United Country-Mixon Realty & Auctions
Office Phone
(918) 839-4717
Agent Name
Bob Bowman

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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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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.