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14208 Bayou Cypress Drive
Coden, AL 36523
$155,000
Conventional
Property
Bedroom
2
Bathroom
3
Property Type
Conventional
Square ft
--
Property Description
Exceptionally cool home with almost an acre, and several workshop areas plus fabulous grilling cabana for all your extra-curricular activities and play time. This home is located near the end of the culdesac, so you'll have little to no traffic, and it is fully fenced with a brand-new privacy fence for added privacy. There is NO flood insurance required at this time, so you don't have to worry about that, and you will love the newer whole house generator to keep you cool and dry during any outages from storms. This home offers a nicely updated kitchen, with gorgeous painted cabinets with a lovely patina finish, as well as electric range and dishwasher and lots of counter space for prep-work. There is an adjacent dining area, and a den that steps down into a huge family room. You have one bedroom on the first floor and an additional room that could be used for a bedroom, but doesn't have a closet. There is a full bath on the main level that the bedroom and living areas share and another half bath off the den. Upstairs, you will love the private owner's suite, with 3 large closets, and a private bathroom. There are multiple screened in porches so you will love the potential for enjoying the outdoors without the bugs! There is a nice sized laundry room as well. The yard is amazing with tons of mature fruit trees, including scuppernongs, citrus grapefruits and oranges, lots of garden areas to grow anything you love to eat! There are no hoa restrictions so you can have your freedom to use your yard for what you need. There is also a community boat launch for small boats and fishing! Buyer to verify measurments, zoning and flood information. This property is well below market value and seller chooses not to make any repairs, and selling as-is. Please make sure offers reflect this.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1992
MLS Number
7287454
Location
Address
14208 Bayou Cypress Drive
City
Coden
State
AL
Zip Code
36523
County
MOBILE
Listing
Provider
Keller Williams Realty Mobile, original listing
Name
Keller Williams Realty Mobile
Phone
(251) 662-5660
Office Name
Keller Williams Mobile
Office Phone
(251) 662-5660
Agent Name
Leslie Davis

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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.