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438 Middleburg Street
Liberty, KY 42539
$285,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
2485
Property Description
LARGE BRICK HOME IN TOWN WITH GARAGE - LIBERTY, KY. Beautiful large brick home located near the downtown area of Liberty in south central Kentucky. This home has been a prominent piece of the local downtown area for generations and has been well kept throughout this time. The home contains 3 bedrooms, two baths and approx. 2,485+/- square feet of living space. A blacktop driveway off of Middleburg Street leads to a large two car garage in the spacious backyard with an additional gravel driveway with access from Beldon Ave. A large porch wraps the front and sides of the home. So much history in this home with so much to offer. Really a must see to appreciate. Walking into the front door leads to the foyer with access to either the living room, hallway or stairs. To the right is a large living room with lots of windows for natural lighting along with plenty of space for an entertainment center along with other furniture. Through a set of French doors leads to the formal dining room with areas for the dining table along with multiple hutch/buffet spaces. Beyond the dining room is a recently updated kitchen with plenty of cabinet and counter space along with stove, refrigerator, microwave and dishwasher that will remain with the home. Attached to the kitchen is a sunroom for additional space for company. Down the hallway is a full bathroom along with access to the basement and an additional storage closet. Upstairs features two bedrooms on the right side of the steps with the master bedroom down the hallway. The end of the hall has a smaller storage/sitting room along with the second full bathroom in the home. There is also an unfinished third level to the home for additional storage space. The basement to the home is unfinished and provides even more storage as well as location for the laundry. The home has central heating and air along with city utilities.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
--
MLS Number
11202774
Location
Address
438 Middleburg Street
City
Liberty
State
KY
Zip Code
42539
County
CASEY
Listing
Provider
United Country Re/Cntry Living Spec Inc, original listing
Name
United Country Re/Cntry Living Spec Inc
Phone
Office Name
United Country Re/Cntry Living Spec Inc
Office Phone
(606) 787-8391
Agent Name
Matt Murphy

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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.