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9441 Elmore Road
Anchorage, AK 99507
$799,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2950
Property Description
This one-of-a-kind property is waiting for someone who loves horses and privacy yet wants the convenience of Lower Hillside. The home's interior has been updated with a modern farmhouse look including new flooring, white painted walls, gray barn doors, & matte black fixtures. Starting in the spacious front entry, you'll find luxurious vinyl plank flooring with in-floor heat & easy garage access. On the main level, the eat-in kitchen is open to the living room with shaker-style painted cabinets and tons of counter space finished in a contemporary white quartz. There's also a large walk-in pantry off the kitchen and a home office. The primary bedroom suite is located on the upper floor with its own spa-like bathroom, private deck access, and bonus yoga loft or 2nd office space. While the other two bedrooms are on the lower level with an updated designer bathroom with double sinks and a separate family room area that could be closed off to make a 4th bedroom. The yard is part lawn and part au natural with an old stable barn located directly behind the main house. The attached garage is another huge bonus as it is large enough for four vehicles in tandem and has an exterior overhang over the double garage door to make working in the yard that much easier. Located on an acre lot within walking distance to Ruth Arcand Equestrian Park and nearby trails.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1973
MLS Number
24-3821
Location
Address
9441 Elmore Road
City
Anchorage
State
AK
Zip Code
99507
County
ANCHORAGE
Listing
Provider
RE/MAX Dynamic Properties, original listing
Name
RE/MAX Dynamic Properties
Phone
(907) 261-7616
Office Name
RE/MAX Dynamic Properties
Office Phone
(907) 865-4700
Agent Name
Michelle Nelson

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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.