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628 George Street
Lebanon, KY 40033
$209,900
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1300
Property Description
Come on over to the conveniently located Rolling Hills neighborhood to find this lovely brick ranch ready to be called home. In the heart of the home is a desirable open living room/kitchen concept offering lots of space to relax and hangout with the family. The kitchen is centered by a large island offering additional cabinet and counter space and is brightened by an array of recessed lights while the backsplash pairs brilliantly with the smooth laminate countertops and adds a classy touch. Included in the kitchen are all the appliances (refrigerator, dishwasher, stove, and microwave) and rounding out the kitchen is an adorable dining area. Down the hall is a sizable utility room furnished with a handy 1/2 bath. Then situated on its own wing of the home are 3 generously sized bedrooms all sporting that same beautiful hardwood as the living room/kitchen. Accompanying these bedrooms is a full bathroom featuring a stylish vinyl tile floor, dual vanity, and nifty storage closet. Outside you'll love being able to entertain or unwind on the rear deck. This deck is covered by a cool canopy and furnished with a privacy fence so you can relax in peace. There is also a wrap-around bar to really ramp up the fun and as an added bonus... the inflatable hot tub stays too! Next to the deck is a spacious patio for even more furniture and fun... and don't forget about the enormous fenced-in backyard that is perfect for the kids and pets to play. Anchored in the backyard is a 10 X 9 storage shed with a lean-to giving you a spot for the mower and all the yard tools. There is also an attached carport to keep your vehicles out of the elements and updates that include a new roof (2023) and heating system (2023)! Call IRVIN ABELL for the personalized tour today!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
--
MLS Number
11280586
Location
Address
628 George Street
City
Lebanon
State
KY
Zip Code
40033
County
MARION
Listing
Provider
The Lancaster Agency Inc, original listing
Name
The Lancaster Agency Inc
Phone
Office Name
The Lancaster Agency Inc
Office Phone
(270) 692-6748
Agent Name
Charles Lancaster, Jr

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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.