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1595 S 426
Pryor, OK 74361
$1,200,000
Conventional
Property
Bedroom
3
Bathroom
1
Property Type
Conventional
Square ft
1508
Property Description
Nestled on 134 sprawling acres of picturesque landscapes, this property is a haven for nature enthusiasts and homesteaders alike. Boasting a harmonious blend of pasture, hay meadow, and fertile farm ground, it presents endless possibilities for agricultural pursuits. The centerpiece of this property is the newly remodeled farmhouse, exuding charm and modernity with its new roof, doors, windows, siding, and freshly painted interiors. Whether you're relaxing indoors or enjoying the outdoor splendor, every corner reflects comfort and style. Nature lovers will delight in the abundance of wildlife, from graceful deer to majestic turkey and the occasional flight of geese. Two tranquil ponds add to the allure, providing serene spots for fishing or simply soaking in the beauty of the surroundings. A seasonal creek meanders through the land, bordered by a lush tree line that ensures privacy and seclusion from the road. For those with equestrian interests, the property features a 36x36 horse barn with additional 12-foot lean-tos on two sides, ideal for sheltering and caring for horses. Arriving via the inviting long driveway, you'll appreciate the tranquility of having only one neighbor, offering a sense of exclusivity and peacefulness. Additionally, the availability of additional water taps further enhances the property's potential for expansion and development. This exceptional property, appraised on March 29th, 2024, for $1,232,000, affirms its outstanding value and investment potential. Its strategic location just 10 minutes from Google and the Mid-America Industrial Park at Pryor Oklahoma adds convenience and accessibility to business and technology hubs. In summary, this property offers a rare combination of natural beauty, modern comforts, proximity to key amenities, and endless possibilities, making it a dream retreat for those seeking a peaceful rural lifestyle.
Property Information
Lot Size
134 acre(s) square ft
Property Type
Residential
Year Built
1955
MLS Number
2412783
Location
Address
1595 S 426
City
Pryor
State
OK
Zip Code
74361
County
MAYES
Listing
Provider
Century 21 Group One, original listing
Name
Century 21 Group One
Phone
(580) 762-0400
Office Name
Group One
Office Phone
(918) 341-7150
Agent Name
Johnny Leonard

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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.