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2040 100th St
Corydon, IA 50060
$285,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1536
Property Description
This property checks many boxes. First off, this is 3.3 taxable acres in the country, within 5 miles of Corydon. Located at the end of gravel before the level B road so the privacy is amazing. The house has 3 bedrooms, 2 full baths, kitchen, dining area, living room, HUGE deck and best of all it has been completely remodeled. And when I say its massively improved I'm not kidding. We can start with the kitchen with all new floor joists, flooring, countertops, cabinets, overhead shelving, shiplap style walls, farmhouse sink, all new stainless appliances, new pex cold and hot water line to kitchen sink as well as spicket on side of house. The rest of the house has had all new vinyl flooring, paint, texture, trim, fixtures, some new windows, french doors, barn doors, new ac/heat mini-splits(4 units installed, 1 more will go with sale but not installed). The bathrooms both have new showers and one with tub, 1 has new stool, laundry area same upgrades with included washer and dryer located on the 2nd floor. 1 bedroom on main and 2 more on 2nd floor and 1 bathroom up and 1 bathroom down. A new black metal roof has been put on and was completed in November 2023. Lots of new steel siding, new power pole and line coming from pole to house. This is topped off with a huge 1/2 way wrapped around front deck partially covered. Then we can talk about the 26x45 metal garage/living quarters. One side has 2 garage doors for your vehicles and room for toys etc...the other living quarter side has had all new floors, new window, paint and texture. This area has a full bathroom, and works great for guests to have their own space. The seller will give a $15,000 credit for a new septic.3.3 great acres, with some timber, huge yard and just an all and all great set up that has been cared for, this will make someone a great house in the country. Don't delay, this one is worthy of much attention. Make your viewing appointment today.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
1900
MLS Number
11251001
Location
Address
2040 100th St
City
Corydon
State
IA
Zip Code
50060
County
WAYNE
Listing
Provider
Hicks Realty, LLC, original listing
Name
Hicks Realty, LLC
Phone
(641) 895-8471
Office Name
Hicks Realty, LLC
Office Phone
(641) 895-8471
Agent Name
Kimberly Hicks

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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.