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106 E Sugar Lake Cove
Mound City, KS 66056
Miles Rost with Keller Williams Realty Partner, original listing - (913) 906-5400
$459,900
Conventional
Property
Bedroom
5
Bathroom
Full: 3
Property Type
Conventional
Square ft
2080 Square Feet
Property Description
This lake front home is in the sought after Sugar Valley Lakes neighborhood. Enjoy the lake whenever you want to get out of the city or choose to live here year-round. The property is set in a quiet cove of the main lake with gorgeous views. The lake house is a contemporary dome style with lots of space and an open floor plan. The home is being sold as is, but has great potential. It is just waiting for you to make it your own! Unique skylight windows and the round interior architecture make the main living area sunny and airy. The big living room has a fireplace and built-in features. A large eat in kitchen has bar seating, an island, and room for a kitchen table. All appliances stay, including the washer and dryer in the main level laundry room. The home has 5 bedrooms and 3 full bathrooms, and can easily accommodate even more people with the 3rd level sleeping loft. Outdoors, enjoy the large deck wrapping around one side and the back of the home. A covered area provides a break from the sun with lovely views of the water. At the lakefront you’ll find plenty of space to build your own private dock, and the no-wake waters here afford safe swimming space for young swimmers. Lake privileges at SVL include boat ramp access and a swim beach, and no fishing license is required in this private lake community. Boats (< 22’), pontoons (< 28’), and personal watercraft are allowed on the lake. HOA amenities include a 9-hole golf course, a pool, and a club house with food and drinks at the Sugar Valley Grill. Stores, groceries, and restaurants are conveniently located just minutes away within Mound City. This secluded area is a great escape from the city and is only one hour south of the KC area. It’s perfect for weekend getaways! ADDITIONAL MLS LISTING NOTE: Reference MLS # 2514727 to view a shop/garage on 3 lots across the street being sold by the same owner.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1988
MLS Number
--
Location
Address
106 E Sugar Lake Cove
City
Mound City
State
KS
Zip Code
66056
County
LINN
Listing
Name
Phone
(913) 219-0638
Office Name
Office Phone
(913) 906-5400
Agent Name
Miles Rost
Agency Phone
(913) 906-5400

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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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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.