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280 Silverside Drive
Scottsville, KY 42164
$599,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
1780
Property Description
Beautiful lakefront home! This three bedroom two and a half bath home has many upgraded amenities. Hardwood and tile flow throughout the entire home! The great room offers a 20' tongue and groove ceiling with a floor to ceiling beautiful stone fireplace with gas logs. The large bright kitchen features lots of cabinetry with soft close doors and drawers, including a pantry cabinet, an island, granite countertops, Travertine tile backsplash and a stainless appliance package including a French door refrigerator with an ice/water dispenser, deli drawer, and a bottom freezer. The adjoining dining room has French doors leading out to the 12' x 35' deck. The utility room also houses a half bath and comes with a nice utility sink and a washer and dryer! The main bedroom is on the ground floor and has a large walk in closet with upgraded Freedom Rail shelving. The main bathroom features tile flooring, a two person walk-in tiled shower with ADA compliant adjustable handheld shower slide bars, dual vanities with granite countertops, and beautiful mirrored medicine cabinets that are mirrored inside, as well. Upstairs there is a loft bedroom that overlooks the great room with sliding barn doors, and has a vaulted tongue and groove ceiling, and French doors that open out onto the covered, private 12' x 35' deck with Western cedar gables. There is a big jack and jill type tiled bathroom with a tiled shower surround and an ADA compliant sliding handheld shower bar. The third huge bedroom has a big walk in closet and two storage dormer cubbies. The front porch features stamped concrete and Western cedar porch railings. The side entry two car garage also offers a side passage door. The pretty landscaping also features a split rail fence lined with Knockout roses and a circle drive. Under deck storage, too! Conveniently located near Walnut Creek Marina and the Brownsford Road boat ramp. An additional lot may also be available. Owner/agent.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2024
MLS Number
RA20242727
Location
Address
280 Silverside Drive
City
Scottsville
State
KY
Zip Code
42164
County
ALLEN
Listing
Provider
Keller Williams First Choice Realty, original listing
Name
Keller Williams First Choice Realty
Phone
(270) 782-1811
Office Name
Keller Williams First Choice Realty
Office Phone
(270) 782-1811
Agent Name
Verice England

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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.