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332503 E Highway 105 Highway
Perkins, OK 74059
$1,726,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
--
Property Description
They aren't making anymore LAND!! Don't miss your chance at prime real estate just off Highway 105. Paved roads all the way to the property! This 160 Acres also includes a 3 Bed, 2 bath 2,434 sqft Home. Built in 1965, it has several convenient updates to the kitchen and bathrooms as well as a concrete unground swimming pool and an enclosed sunroom. Outside the house, you'll find an outbuilding for extra storage and a barn with 2 interior stalls, and an exterior livestock cover on the east side that opens up to one of the several fenced divisions on the farm. "Dugout Creek" runs North and South across the acreage and splits toward the South end providing ample space for an abundance of wildlife. The estate also boasts 3 ponds with one being fully stocked for fishing and the others perfect for livestock watering. On the Northeast corner is an existing site with a drilled water well, septic, and electric drop perfect for building a new home with a view of the pond. Several convenient access points allow you to get to the various fenced areas from Hwy 105 or NS 3330 Rd (dirt) on the East edge. Seller is open to dividing the property into various tracts, mostly based on current fencing and access points. (See map in the photos). Lots of room for animals and grass for grazing or baling along with a couple of animal shelters. House, Barn, and other structures are being sold "AS-IS". For less acreage, see MLS# 1103858 with house, 1103859 Land Only, 1103860 Land Only, 1103861 Land Only, 1103862 Land Only Possible building site, 1103863 Land Only, 1103864 Land Only.
Property Information
Lot Size
160 acre(s) square ft
Property Type
Residential
Year Built
1965
MLS Number
1103018
Location
Address
332503 E Highway 105 Highway
City
Perkins
State
OK
Zip Code
74059
County
PAYNE
Listing
Provider
McGraw REALTORS, original listing
Name
McGraw REALTORS
Phone
(405) 348-4422
Office Name
McGraw Davisson Stewart LLC
Office Phone
(405) 735-3977
Agent Name
Chad Stinson

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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.