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2500 Ridgewood Way
Phenix City, AL 36870
$339,900
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
--
Property Description
Welcome to 2500 Ridgewood Way! The spacious home offer a little piece of tranquility in a convenient location. Sitting back at the end of the cul-de-sac, you will find a private, oversized lot with no neighbors to your rear. This stately home stands out with a style all its own within the neighborhood with beautiful wood beams and archway. Boasting 4 bedrooms, 2.5 baths and 2950 sq ft with an office, family (flex) room, and a loft on the second level, there is plenty of space for a growing family and entertaining all of your friends. The main living areas are on the main level with a separate dining room w/ tray ceiling & wood floors, the family room or whatever fits your needs, spacious kitchen overlooking the great room with fireplace. There are tons of cabinets, granite counter tops, stainless steel appliances & large pantry. A kitchen island w/ plenty of space for bar stools & gathering around the kitchen. A home office or study is also on the main level, tucked behind the kitchen near the half bath, perfect for a quiet, separate area for work or reading. Upstairs you will find the laundry room, a loft area that’s perfect for the play or TV room. A large master suite w/ separate sitting area or nursery. Spacious en-suite bath with a soaking tub, separate shower and dbl vanity. The walk-in closet is huge! Secondary bedrooms are all great sized with ample closet space and large secondary bath. Plenty of closets for storage, a oversized two car garage. Unwind in the private back yard while listening to the sound of the creek running in the distance, while never worrying about rear neighbors. Central location with easy drive to Auburn/Opelika, Fort Moore and Columbus. Bus route runs to neighborhood for Lakewood Primary should you want to transfer. This home offers the best of everything!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2016
MLS Number
E98030
Location
Address
2500 Ridgewood Way
City
Phenix City
State
AL
Zip Code
36870
County
LEE
Listing
Provider
Realty River Cities III, original listing
Name
Realty River Cities III
Phone
(706) 221-6900
Office Name
Keller Williams Realty River Cities Iii
Office Phone
(334) 298-3900
Agent Name
Liz Cassidy

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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.