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1002 N Kansas Avenue
Chanute, KS 66720
$239,900
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
2052
Property Description
Manufactured Home on 4.28 acres on the edge of city limits but with a country feel. Located just on the north end of town in a quiet neighborhood. The home is 2052 sq ft., boasting 4 bedrooms and 2 baths, plus an office/den. Begin with a sprawling front yard with white post and rail fencing. In the back is wide open acreage with unlimited potential. The entire back of the property is fenced. Livestock are allowed. New roof on both the house and garage 2 years ago. There are multiple outbuildings, as well as a separate carport behind the main garage/shop. There is an oversized 2 car garage/shop building with a workbench and plenty of built-in shelving and cabinet storage space. The garage/shop building is connected to the main house by a covered walkway. Automatic garage doors are a included. The property also features a storm shelter. Entering the front door is a wide open family room/dining area. The dining area comes complete with a wood burning fireplace where you can enjoy a warm fire while having a meal or playing board games at the dining room table. There is a spacious master bedroom, with a walk-in closet of every woman’s dream, as well a master suite bathroom with a garden tub and built-in cabinetry for plenty of storage space. The master bathroom also has a double vanity. There are 3 bedrooms at the other end of the house with new carpeting and plenty of closet space in each, as well as another full bathroom. The kitchen space is open and efficient, with plenty of countertop space, as well as pantry space for groceries. And the kitchen appliance are staying with the property. There is also a large laundry room/utility room with a back door entrance that sits off of the kitchen. To top it off there is an office/den directly off of the living room. The home has Central AC/Heat, and all utilities are city/public.
Property Information
Lot Size
4 acre(s) square ft
Property Type
Residential
Year Built
2002
MLS Number
2469891
Location
Address
1002 N Kansas Avenue
City
Chanute
State
KS
Zip Code
66720
County
NEOSHO
Listing
Provider
Timepiece Real Estates, original listing
Name
Timepiece Real Estates
Phone
(620) 231-7653
Office Name
Timepiece Real Estate
Office Phone
(620) 231-7653
Agent Name
Darren Swartz

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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.