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331 Tanglewood Lane
Blue Earth, MN 56013
$249,000
Conventional
Property
Bedroom
2
Bathroom
3
Property Type
Conventional
Square ft
3848
Property Description
This lovely home with over 2200 sq. feet on the main level is currently a 2 bedroom, 3 bath home but could easily be converted to a 4 bedroom home. The main level features a large family room with gas fireplace, off the family room is a 3 seasons porch surrounded by windows with a tile floor. The kitchen is open to the casual dining room with patio doors to the backyard, the spacious living room is adjacent to the dining area. A large bedroom and sitting room could be two separate bedrooms with the addition of a wall between them. The primary bedroom is very spacious and has a large walk in closet, 3/4 bath and a separate office area. There is also another full bath on the main level as well as the laundry. The basement has a large family room, office/den and a room currently being used as a bedroom, but there is an not an egress window in that room, however, the adjacent room has an egress window, and would be complete with sheetrock and flooring. There is a large storage room in the basement as well. An oversized double garage is attached, 28'x28', shingles were new in 2018. Great home in a great location, close to the park and pool. Don't wait, call for your appointment today!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
--
MLS Number
7033415
Location
Address
331 Tanglewood Lane
City
Blue Earth
State
MN
Zip Code
56013
County
FARIBAULT
Listing
Provider
Olson Nelson Realty Inc, original listing
Name
Olson Nelson Realty Inc
Phone
(507) 526-7304
Office Name
OLSON NELSON REALTY
Office Phone
(507) 526-7304
Agent Name
LAURIE OELKE

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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.