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702 N Chestnut St.
Beloit, KS 67420
Connor Williams with Hayden Outdoors Real Estate, original listing - (970) 674-1990
$249,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3
Property Type
Conventional
Square ft
--
Property Description
Property Location/Address: 702 N Chestnut St., Beloit, KSWelcome to this beautifully updated ranch-style home in Beloit, KS, perfectly positioned in the heart of town on a spacious corner lot. With nearly 3,200 square feet of total living space as recorded by Mitchell County, this property combines modern updates with classic charm. A full remodel of the main level was completed in 2020, showcasing an open and inviting floor plan. The main level includes two bedrooms and two bathrooms, along with an additional office space that could serve as a third bedroom. The open kitchen is designed for both functionality and style, featuring granite countertops, stainless steel appliances, ample cabinet and counter space, and elegant LVP wood plank flooring. Just off the kitchen, you'll find a spacious family room, perfect for gatherings or relaxing evenings at home. Each main-level bedroom is carpeted for added comfort. Convenience is at the forefront with a whole-house attic ventilation fan and a dedicated laundry area near the rear entrance from the oversized two-car attached garage. The washer and dryer, both just three years old, are included in the sale. The mostly finished basement adds even more versatility to this home, offering one additional non conforming bedroom and an additional bathroom, along with a very spacious living/family room, for recreation or hobbies. There's also a bonus room that has been previously used as an ammo reloading room, but could be used for crafting or additional storage. The home's electrical breaker panel has been updated, and is also equipped with a generator outlet for added peace of mind. Key recent upgrades include a furnace and hot water heater installed in 2020, and a roof replaced in 2014. The backyard is fully enclosed with a combination of chain-link and wooden privacy fencing, and includes a small metal outbuilding, as well as a built-in two-run dog kennel. This property combines modern amenities, ample space, and thoughtful details, making it a true gem in Beloit. Whether you're looking for a beautiful home to raise a family, or a comfortable place to come to after a long day of hunting, don't miss the chance to make this inviting, move-in-ready home your own. Community Attractions: This property is only 10 miles east of Waconda Lake (Glen Elder Reservoir), a 12,500-acre body of water and one of Kansas' largest lakes. Waconda Lake is known for its great fishing, hiking/biking trails, water recreation, wildlife, and hunting opportunities. A few of the fishing species in Waconda Lake include Channel catfish, crappie, flathead catfish, striped bass, walleye, and white bass. It also offers RV hook-ups, cabins, and tenting locations for rent. Additionally, Glen Elder Wildlife Area encompasses thousands of acres of public hunting land, providing excellent waterfowl, deer, turkey, pheasant, and quail opportunities. Beloit, KS offers many amenities to its residents and visitors including various restaurants, hotels and lodging, post office, fuel stations, municipal airport, hospital, and a K-12 school system.   Please contact the listing agent for more information on this property or to schedule a private showing.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Single Family Residence
Year Built
1965
MLS Number
--
Location
Address
702 N Chestnut St.
City
Beloit
State
KS
Zip Code
67420
County
MITCHELL
Listing
Name
Phone
(970) 674-1990
Office Name
Office Phone
(970) 674-1990
Agent Name
Connor Williams
Agency Phone
(970) 674-1990

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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.