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27919 Quarton Road
Palmyra, IL 62674
Joyce Clagg with Keller Williams Capital, original listing - (217) 303-8445
$1,250,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3
Property Type
Conventional
Square ft
3764 Square Feet
Property Description
This puts a whole new meaning to barndominium plus 103 acres. Living space is open and drop dead gorgeous with 4 bedrooms, 3 baths. Bamboo flooring through out except tile bathrooms. State of art thermostat controlled shower in the primary bath along with a whirlpool tub. Monogram commercial stove with a speed cook microwave, soft close cabinets with drawers instead of shelving, granite countertops, huge pantry, Windows across with backside of home so that you can enjoy the unbelievable view ,of your property whether it is the sunsets, wildlife or the color of the changing trees. Now let's step out into the GARAGE... Trust me, no one has a garage like this, 6600 sq ft. You heard me right 6600 sq ft, (60 x 110) with 18' sidewalls and 21' ft at the peak. If you want to have livestock, there is a 52 x 192 hoop barn with 2 freeze-less livestock waterers and 2 hydrants. When grazing those animals, there is 2 more waterers located in the pasture. Above ground pool with deck to enjoy THAT VIEW. Are you into growing your own vegetable, you have a large Greenhouse to do so. Beautiful pond that has been recently dredged. If you are nostalgic, there is a neat old wooden barn. The description of this property could go on for days, will close with this 103 acres, 16 of the 103 acres is CRP ($3000 yearly) 20 acres tillable, 60 acres fenced (high tensile) CITY WATER with over 5000' of waterline ran throughout the property. Hunting abounds on this property; deer, turkey, and mushrooms!!
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Single Family Residence
Year Built
2015
MLS Number
--
Location
Address
27919 Quarton Road
City
Palmyra
State
IL
Zip Code
62674
County
MACOUPIN
Listing
Name
Phone
(217) 553-4368
Office Name
Office Phone
(217) 303-8445
Agent Name
Joyce Clagg
Agency Phone
(217) 303-8445

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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.