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211 W 9th
Beardstown, IL 62618
$145,000
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
3000
Property Description
With updated electric and at over 3000 square feet of living space, this home is perfect for a large family, a duplex or as a rental property. Only four minutes from downtown Beardstown and 8 minutes from Walmart, this two story home features four spacious bedrooms, a fully enclosed second floor balcony with French doors that could be utilized as a fifth bedroom, a large open area with a closet on the second floor, two big full sized bathrooms, one on the main level and one on the second floor, an enclosed side porch/room, the convenience of an attached two car garage and a large airy kitchen opening up to the dining room. The first level master bedroom has been completely refinished and an abundance of electrical outlets put in on both the first and second floors in 2021. It boasts a huge walk up attic that could be made into a third floor living area and a back staircase leading from the first to second floor. The foyer area is complimented by the main staircase and a stained glass window which is simply beautiful. It also features a large updated furnace that will keep the house warm during those cold winter months and central air conditioning to keep it cool during hot summers. There's a cozy covered front porch and fenced in back yard. Electrical was updated to 200 amps in 2021. There are wired smoke detectors throughout the house.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1920
MLS Number
11270835
Location
Address
211 W 9th
City
Beardstown
State
IL
Zip Code
62618
County
CASS
Listing
Provider
DeSollar & Wessler Bros Agency, LLC, original listing
Name
DeSollar & Wessler Bros Agency, LLC
Phone
Office Name
DeSollar & Wessler Bros Agency, LLC
Office Phone
Agent Name
Connie Martin

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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.