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6903 W Eseco Road
Cushing, OK 74023
$150,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
--
Property Description
See this peaceful, country style home on 5 acres, pond on portion of the west side of the property. Check this extra income opportunity: there are 3 pads, 2 concrete/places for RV and camper parking with water, and hook-ups. This is a pretty piece of property. The RV pad has tall roof and extra patio. The mobile home has 3 decks; the bedroom on the west end of the home has a patio door and nice deck. Western style decor with tin metal features, scenic wall murals of mountains and horses! The shop at the front of the property is 30 x 40, has 2 roll up garage doors. The electric is 100 AMP and another 100 amp can be for 220, shop lights included. Mobile home on pier and block, with the Metal tongue. Under the west deck. All information deemed reliable, buyer or buyer's agent to confirm schools, total amount of land and other details. Verify financing availability before making appt to see. Seller prefers cash buyer. Price is firm. New metal roof last year, HVAC unit had new fan motor; new windows installed, no dishwasher but there is a place for one. Come check out this little slice of OKIE heaven! Easy access to turnpike on Hiway 18, and minutes outside of Cushing. Excellent neighbor, too! Beautiful sunsets and big starry night sky are awesome! **special information: Owner prefers a 4-6 week close of escrow. There was an old house on the property that was torn down some years ago, but the tax record still shows that information; yr. blt. and sq ft are not accurate. Land that conveys is 5 acres. Original land amount of 7 acres is now 5 because 2 acres on the west side of the property was part of the original land but was granted away, the property line runs from the street down the middle of the pond to the back fence.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
1996
MLS Number
1105861
Location
Address
6903 W Eseco Road
City
Cushing
State
OK
Zip Code
74023
County
PAYNE
Listing
Provider
Crossland Real Estate, original listing
Name
Crossland Real Estate
Phone
(405) 921-4409
Office Name
Crossland Real Estate
Office Phone
(405) 921-4409
Agent Name
Aimee Crossland

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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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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.