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4870 Skyline Drive
Sioux City, IA 51104
$569,000
Conventional
Property
Bedroom
5
Bathroom
3
Property Type
Conventional
Square ft
3424
Property Description
Nestled in a desirable neighborhood, this fully renovated Home has a classy design with all current amenities competing with what you`d find in new construction. The exterior is neutral & curb appeal is clean but understated in comparison to what you will find inside. This Home is the definition of a sleeper. Must see inside!! Entering through the front door, you are greeted by a spacious foyer with tile floor, sight lines into kitchen and living room & immediately you are drawn to the quality of this home. To the right of the foyer, is the living room with a large bay window that lets in plenty of natural light. This room features hardwood floors, a stone accent wall, & built-in bookshelves. Adjacent to the living room, is a formal Dining room that can easily accommodate a large gathering. Continuing through the main level, you come to the heart of the Home: The Kitchen. White shaker custom soft close cabinets, sleek stainless appliances, subway tile backsplash, under cabinet lighting, & quartz counter with waterfall top and blanco sink. What a statement piece the island is with a sink & a breakfast bar providing additional prep space & seating. Adjacent to the kitchen, there is a bright & airy eat in area with oversized sliding door that leads to the backyard, a family room, plus main floor laundry & Wet bar. The main level has 3 bedrooms, including a master suite with it`s own sitting room, walk-in closet, & a luxurious en-suite bathroom with double sinks & a walk-in tiled shower. The spare bedrooms share a spacious hall bath with a double sink vanity & tile shower. The lower level is finished offering a family room, a bath, & 2 more bedrooms. There is also a 2nd laundry in basement. Outside, the privacy fenced backyard is a serene oasis with a large patio for entertaining & mature trees provide shade\privacy. A two-car attached garage & a huge driveway offers plenty of parking space. Don`t forget to ask for the upgrades\details sheet, it`s thorough!!!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1967
MLS Number
823734
Location
Address
4870 Skyline Drive
City
Sioux City
State
IA
Zip Code
51104
County
WOODBURY
Listing
Provider
Century 21 ProLink, original listing
Name
Century 21 ProLink
Phone
(712) 224-2300
Office Name
Century 21 ProLink
Office Phone
(712) 224-2300
Agent Name
Tiffany Pech-Williams

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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.