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3301 Mangrove Rd
Edmond, OK 73034
$441,840
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2250
Property Description
This Hummingbird Bonus Room 1 floor plan includes 2,495 Sq Ft of total living space, which includes 2,250 Sq Ft of indoor living space and 245Sq Ft of outdoor living space. There is also a 600 Sq Ft, three car garage. This version of the Hummingbird takes your lifestyle up a level. We've added a second-floor bonus room over the three-car garage. With 435 square feet of open living area and a full bath, the extra room can be used as bedroom, play room, media center, office, studio, or man cave. Imagine what you can do with all of this bonus space. Like the original Hummingbird home, you have the open floor plan where the living room, kitchen, and dining room come together in one large space, without the walls that separate you from enjoying the activity. That's what the master suite is for! Escape to a wonderfully private area with details like a sloped ceiling, custom tub and tile surrounds for your European walk-in shower and jetted whirlpool tub, and a large, walk-in closet with 10-foot ceiling and third row shelving for seasonal storage. The fourth bedroom that is adjacent to the master suite can extend the living space here. Use it as a sitting room, library, office, or studio, and give the other household members the two bedrooms on the opposite side of the home. The kitchen-the heart of your home-is designed for comfortable flow from prep to cooking to serving and clean-up. The stainless steel farm sink on the center island makes it easy to tend to...
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
--
MLS Number
--
Location
Address
3301 Mangrove Rd
City
Edmond
State
OK
Zip Code
73034
County
OKLAHOMA
Listing
Provider
Homes By Taber, original listing
Name
Phone
Office Name
Office Phone
Agent Name
Woodland Park

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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.