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1560 Marilyn Avenue
West Lafayette, IN 47906
$689,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3046
Property Description
Welcome home to your mid-century modern executive retreat, nestled in the coveted Hills & Dales neighborhood--conveniently located close to the Purdue campus! Crafted with timeless Bedford limestone, situated on a spacious corner lot, this stunning home boasts elegant design and tasteful finishes throughout. Once inside the welcoming foyer, flanked by a guest ½ bath and guest closet, it opens up to a spacious living/dining combination space. The living area is drenched with natural light from the large picture windows surrounding the amazing floor-to-ceiling stone fireplace with wood beam mantle. The dining space is equally spacious and can accommodate the largest of tables including any dining accessory furniture. Step into your dream gourmet kitchen, featuring a full suite of top-of-the-line stainless appliances, sleek granite countertops, drinking water filtration system, an eat-up island and an efficient pantry closet. Down the hall, 3 expansive bedrooms await including the primary retreat at the end of the home, with ample space for your bed and dressers and a nook for a home office, sitting or nursery area. Enjoy your accompanying spa-like bath with dual sink, comfort height vanity, a luxurious soaking tub and custom tiled oversized shower, and custom closet organizing system. Two additional oversized bedrooms with closet organizers and a compartmentalized full guest bath for added convenience. Downstairs you’ll find additional living area just like a generational suite offers! Enjoy the convenience of more open living in a family room with custom tiled fireplace, a highly functional kitchenette, more dining space, space for a pool table, ping pong or a gaming area! Adjacent you’ll find additional flex space for a home gym, play area or craft/hobby area. Also, there is a 4th massive bedroom with exterior egress, oversized closet and more storage space. An oversized laundry room awaits including washer and dryer, with plenty of storage and a full bath for family or guests. Step outside to your private outdoor oasis, featuring expansive outdoor living under a covered porch and a massive, composite deck with ample space for outdoor grilling! Other features include tasteful landscaping, mature trees, double HVAC systems, top-down, bottom-up shades in the primary bedroom, custom shades throughout, beautiful, engineered hardwood flooring, and a 2-car garage with great storage space. Make this dream home yours today!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1947
MLS Number
202414070
Location
Address
1560 Marilyn Avenue
City
West Lafayette
State
IN
Zip Code
47906
County
TIPPECANOE
Listing
Provider
Realty Group Partners, LLC dba Berkshire Hathaway, original listing
Name
Realty Group Partners, LLC dba Berkshire Hathaway
Phone
(765) 449-8844
Office Name
BerkshireHathaway HS IN Realty
Office Phone
(765) 449-8844
Agent Name
Eric Seymour

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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.