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105 Mystic Valley Drive
Linn Valley, KS 66040
$799,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
3152
Property Description
As you pull through the monitored front gate, you feel the excitement of knowing you are almost there! A place to escape from the everyday hustle and bustle. A calm, relaxing place to gather and enjoy, with family and friends. Lake life is the best life. Linn Valley Lakes is a wonderful community, with everything you need to get away. This beautiful, ranch home, sits on 2, lake front lots, with 140ft of water front and is perfectly nestled in trees, making this the perfect "Hideaway". Offering stunning views, convenient water access, in a no wake cove. Perfect for laying out, swimming, boat rides and lots of fishing! Tons of outdoor space to sit and watch the fireworks off of the dam, on the 4th of July, a place to roast marshmallows and hot dogs, and a playset out front with ample space to play catch, host a family reunion, or to watch as kids play. As you walk through the front door into the living room, its bright and open concept to the kitchen and dining room, great for family gatherings. With 2 spacious bedrooms and a full bath on the left side, the primary bedroom and en suite are on the opposite side, offering privacy. Great working kitchen, prep area and a additional place for seating at the counter. 3 large patio doors along the backside of the home to allow access outdoors to take in the beautiful views on the expansive deck. Laundry room is across from the kitchen as you come in from the spacious, 3 car garage. The full finished, walk-out basement, has huge windows across the whole back side, to allow ample light and to allow you to enjoy the marvelous views of the lake. Walks down to another expansive deck to extend your outdoor living. Non conforming 4th bedroom, full bathroom, pool table (rec area) and second living room downstairs. Private dock, 2 sheds, and a carport. Roof, HVAC and Water heater are all new in 2019. Come see if 105 Mystic Valley Dr. is the "Hideaway" you've been looking for and start living, the lake life!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1997
MLS Number
2475146
Location
Address
105 Mystic Valley Drive
City
Linn Valley
State
KS
Zip Code
66040
County
LINN
Listing
Provider
Platinum Realty, original listing
Name
Platinum Realty
Phone
(913) 227-0798
Office Name
Platinum Realty
Office Phone
(888) 220-0988
Agent Name
Kimberly Vanek

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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.