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1600 Croell Ave
Tiffin, IA 52340
$724,900
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
2780
Property Description
Beautifully built grand two-story home in Woodfield Ridge. From the welcoming front porch you will step into the open two-story foyer that leads to the spacious great room. This open floor plan between the kitchen, dining space, & living room is great for entertaining. Cozy gas fireplace with tile surround & built-in cabinets for convenient storage. Large open kitchen with great cabinet storage, under cabinet lighting, soft closing drawers/doors, & white subway tile backsplash. Huge center island with counter-height breakfast bar. Nice walk-in pantry with shelving & a motion light. Spacious dining space with a sliding glass door to the screened-in porch & stamped patio. Large kitchen window over the deep single sink overlooks the fenced-in backyard with built-in play structures & raised garden beds. In addition to the large hall closet, there is a separate mudroom with cubbies/hooks plus a convenient insulated doggy door to the outside. High ceilings in the 3-car garage provides additional room for storage. Main level also features a nice office with glass doors & a half bathroom. Beautiful open staircase leads to the open upper level. Large primary suite with elegant double doors and a spacious walk-in closet with custom-built shelving/drawers. The primary bathroom features a tile walk-in shower with glass door & a huge vanity with double sinks and a make-up counter. Three additional bedrooms plus a conveniently located laundry room with sink & cabinets on the second level. The finished lower level features a family room with a wet bar, 5th bedroom, 3rd full bathroom, & a large unfinished storage area in addition to the storage space under the stairs and in the utility room. Central vacuum throughout and the home has already mitigated for radon.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2016
MLS Number
202401288
Location
Address
1600 Croell Ave
City
Tiffin
State
IA
Zip Code
52340
County
JOHNSON
Listing
Provider
KALONA REALTY, INC., original listing
Name
KALONA REALTY, INC.
Phone
(Uni) ted-Stat xes13196565299
Office Name
KALONA REALTY, INC.
Office Phone
(319) 656-5299
Agent Name
Jessica Hochstedler Yoder

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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.