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108 Lakota Ct Ne
Cedarrapids, IA 52402
$600,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
2492
Property Description
You’ll love this sprawling, light-filled ranch home overlooking the Cedar River! The main level features quarter-sawn oak hardwood flooring and large windows with generous views of woods and water from the living room, kitchen, primary suite, and sun room. Living room with gas fireplace and floor-to-ceiling lighted built ins and beautiful accent inlay at the hearth. Step through the double doors into the home office with built-in planning desk and lighted built-in bookshelves. Retreat to the primary suite featuring a well-appointed walk-in closet and ensuite bath with jetted tub, double vanity, ample storage spaces, and shower with tile surround. Down the hall to the kitchen and dining areas, perfect for gathering a crowd! The dining area with deck access comfortably seats 8+ with space for even more around the granite island with built-in gas cooktop. Pull-out shelving, ceiling-height upper cabinets, and additional storage in the beverage center and built-in hutch areas offers room for all your small appliances, entertaining pieces, and much more. Just off the kitchen, you’ll find a generous all-seasons sun room, perfect for entertaining with a Cedar River view, or take the party outdoors to the bi-level raised deck overlooking the river. Downstairs, more comfortable living space with a generous family room with fireplace and built-ins, access to an additional/separate deck with river views, and an entertaining bar. Two additional bedrooms on the lower level feature double closets and private baths, plus a home gym area with sink, shower, and access to the ground-level patio and outdoor storage area. Space could also be used for a home-based business like hairdresser, dog groomer, photographer, etc. Art niches, two-inch wood blinds, solar panels, storage under the stairs (complete with chalkboard wall for little artists!) and so much more… come see for yourself and fall in love with 108 Lakota Ct NE!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2000
MLS Number
202401632
Location
Address
108 Lakota Ct NE
City
CedarRapids
State
IA
Zip Code
52402
County
LINN
Listing
Provider
RE/MAX Corridor, Inc., original listing
Name
RE/MAX Corridor, Inc.
Phone
(319) 350-0798
Office Name
RE/MAX Concepts
Office Phone
(319) 395-0101
Agent Name
Debra Callahan

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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.

Free Foreclosure Listings

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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.