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3345 Loethen Ln
Coralville, IA 52241
$344,900
Conventional
Property
Bedroom
4
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
1810 Square Feet
Property Description
Photos are of a similar property. All details and finished will vary and have been pre-selected by the builder. ESTIMATED COMPLETION 8.15.23 Selections: White cabinets in the Kitchen and Primary Bath. Sienna cabinets in the guest baths and white trim throughout. The main level includes a living room, a kitchen with an island and stainless steel appliances, a dining room and access to the deck. This price includes steps down from the deck to a patio. If buyer does not want the steps or patio they can get a $5,000 credit at closing. The upper-level features 3 bedrooms including the primary with a private bathroom and walk-in closet, another full bath and a laundry room. The lower-level has a recreational room with a garden view, a bedroom and a full bath. Listing Agent is related to the seller.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Other
Year Built
2024
MLS Number
--
Location
Address
3345 Loethen Ln
City
Coralville
State
IA
Zip Code
52241
County
JOHNSON
Listing
Provider
Robertson Real Estate Inc, original listing
Name
Phone
(319) 430-2671
Office Name
Office Phone
(319) 728-8891
Agent Name
Greyson Conlon
Agency Phone
(319) 728-8891
House Features
Appliances: Dishwasher, Oven, Washer, Microwave, Range, Refrigerator
Appliances
Architectural Style: Other
Architectural Style
Cooling: Central A/C
Cooling
Interior Features: Island, Highceilings, Vaultedceilings
Interior Features
Rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
Rooms
Window Features
Exterior Features: Patio, Deck
Exterior Features
Parking Features: Carport
Parking Features
Patio and Porch Features: Patio, Deck
Patio and Porch Features
Property Condition: New Construction
Property Condition
Neighborhood/Schools
Elementary School/District: Penn
Elementary School/District
Middle/Junior High School/District:
Middle/Junior High School/District
High School/District: LibertyHighSchool
High School/District
Subvidision Name: Forevergreen Heights
Subvidision Name

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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.

Free Foreclosure Listings

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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.