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11409 Meadow Lane
Leawood, KS 66211
$2,699,000
Conventional
Property
Bedroom
5
Bathroom
7
Property Type
Conventional
Square ft
8453
Property Description
Exquisite Hallbrook Estate with timeless European sophistication overlooking the 2nd fairway of the Tom Fazio Hallbrook Course! This stunning Rick Standard built, all-brick, 1.5-story home was constructed like no other, boasting 2 primary suites, 5 bedrooms, 5 full baths, & 2 half baths, offering luxury throughout. Upon entering, you'll be captivated by the grandeur of the foyer & living room with soaring ceiling heights, fireplace, wall of windows providing picturesque views & entrance onto the outdoor brick terrace. Adding to the home's sophisticated charm, the home features hardwood floors, plantation shutters, arched doorways, & beautiful wood molding. The impressive study offers floor-to-ceiling bookshelves found in the turret with custom curved woodwork/cabinets, & a 2nd floor Juliet balcony, adding additional distinction & charm. The expansive eat-in kitchen, complete with an oversized island & abundance of natural light, seamlessly connects to the large yet cozy hearth room, oversized sun-drenched sunroom, laundry room & outdoor living space. The main level primary suite is a private retreat, featuring a fireplace, balcony, & a large elegant bath with marble & (2) generous walk-in closets. The second primary suite is located on the 2nd floor with a magnificent balcony to enjoy the beautiful outdoors. The large walk-out lower level is ideal for entertaining & relaxing with a family room, recreation room, see-through stone fireplace, bar, non-conforming 6th bedroom, full bath & exercise room, plus ample storage! The home also includes a private dog entrance with a dedicated dog room, catering to the needs of your furry companions. The breathtaking estate also boosts an idyllic outdoor sanctuary with expansive terraces overlooking a large level private backyard, ideal for a pool or family games. Don't miss the opportunity to make this exceptional, one-of-a-kind home your own with an unparalleled blend of character & elegance.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1992
MLS Number
2465485
Location
Address
11409 Meadow Lane
City
Leawood
State
KS
Zip Code
66211
County
JOHNSON (SOUTH COUNTY)
Listing
Provider
Name
Compass
Phone
(816) 280-2773
Office Name
Compass Realty Group
Office Phone
(816) 280-2773
Agent Name
Linda McClung

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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.