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111 S Sherman
Logan, KS 67646
$249,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
1512
Property Description
A property like this one at 111 S. Sherman St. in Logan, KS doesn't come on the market very often. This immaculate 1,512 square foot ranch style home must be seen to appreciate. Built in 1999, the home has been extremely well cared for and is in like new condition. It has 2 bedrooms upstairs that are split by a large, full bath with a double vanity and whirlpool tub. The open family room connects to the beautiful kitchen complete with recently updated stainless appliances. The plentiful cabinets are gorgeous and match the added pantry storage. The laundry room, off the kitchen, offers access to the fully insulated, oversized 2-car garage, as well as a door to the enclosed patio/porch room. The basement has an oversized bedroom and a large 3/4 bathroom complete with more storage. The remainder of the finished area is a large family room. The mechanical room is also located down here. It has plenty of space for storage and also houses the furnace, water softener, and water heater. The water heater was new in 2020 and the furnace/ac was put in new in 2019. Outside, an additional detached, oversized, one car garage is found. It too is fully insulated and finished on the inside. Next to this is the garden, complete with a fence and is already fertilized and ready to go in the spring. The fescue grass around the house is complete with an automatic sprinkler system and the attractive landscaping is already in place. Sidewalks are in place, connecting the garden, garage, and the house. The large yard area that remains is a great stand of buffalo grass and a couple of established trees. The whole lot is comprised of 3 city lots. It goes from the alley to the street and has a wooden privacy fence in place on the remaining property line. Other amenities are too numerous to mention and are best to be experienced in person. Again, this house and property are pristine. The opportunity to get a hold of a property like this doesn't come along very often. Don't wait!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1999
MLS Number
11232517
Location
Address
111 S Sherman
City
Logan
State
KS
Zip Code
67646
County
PHILLIPS
Listing
Provider
4C Land & Auction, LLC, original listing
Name
4C Land & Auction, LLC
Phone
(785) 533-3300
Office Name
4C Land & Auction, LLC
Office Phone
(785) 533-3300
Agent Name
Jessica Hindman

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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.