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2142 220th
Independence, IA 50644
$1,325,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
4330
Property Description
Welcome to your own private retreat! This stunning secluded property boasts 37.55 acres with a custom-built 4 bedroom, 3 bath home that will take your breath away. Enter through the front door and be greeted by the unique arched ceiling in the front entryway, setting the tone for the elegance and quality of the rest of the home. With high ceilings and 4,330 finished square feet, this home offers plenty of space for both relaxation and entertainment. Open kitchen/living room area features a wall of windows for tons of natural light. Current office space counts as the 4th bedroom if needed. Loads of kitchen cabinet and counter space, formal dining room, main floor laundry, huge master suite with jetted tub. The large rustic basement family/rec room is perfect for movie nights or game days. The basement offers tremendous storage space and a potential bedroom and a bathroom are ready to be finished. The oversized two-stall attached garage provides ample space for your vehicles and storage needs. Plus there’s a machine shed with an attached lean-to, an open-faced building and, just down the hill is Hiddun Hollow Stables--a 108x108 heated horse boarding facility built in 2009 featuring 16 stalls and an indoor center arena. All buildings add more versatility to the property, allowing for a variety of uses. Outside, you'll find yourself surrounded by crop ground, timber and plenty of wildlife, making this the perfect retreat for nature lovers. Whether you're sipping coffee on the porch or patio, taking a hike down the lane, or just enjoying the peacefulness of your own backyard, this property has everything you need to unwind and recharge. For the hunter/outdoorsman type, this property has some of the best deer and turkey hunting around. Don’t miss this opportunity to make this one-of-a-kind property your own. Seller will consider splitting the property and selling the horse facility separately. See possible split in aerial footage within videos.
Property Information
Lot Size
37 acre(s) square ft
Property Type
Residential
Year Built
2004
MLS Number
20234969
Location
Address
2142 220th
City
Independence
State
IA
Zip Code
50644
County
BUCHANAN
Listing
Provider
RE/MAX Independence Realty, original listing
Name
RE/MAX Independence Realty
Phone
(319) 334-5703
Office Name
RE/MAX Independence Realty
Office Phone
(319) 334-5703
Agent Name
Curt 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.