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794 Linwood Avenue
Saint Paul, MN 55105
Christopher Fritch with eXp Realty, original listing - (320) 500-4397
$1,195,000
Conventional
Property
Bedroom
6
Bathroom
Full: 1, ½: 2, ¾: 2
Property Type
Conventional
Square ft
4538 Square Feet
Property Description
Nestled in the historic Summit Hill neighborhood and listed on both the State and National Register of Historic Hill Districts, this stunning home blends timeless charm with modern amenities. The slate and brick exterior, complete with 1900s woodwork and Craftsman-style railing, welcomes you into a space filled with gorgeous wood flooring, coved ceilings, and custom built-ins. The main level features a formal dining room, a cozy living room with a wood-burning fireplace, and an inviting family room with another wood-burning fireplace, built-ins, charming wet bar, and convenient 1/2 bath. The kitchen is a chef's dream featuring commercial-grade appliances such as a trash compactor and Sub-Zero refrigerator. It also includes a walk-in pantry, a butler’s pantry, ample cabinetry, ceramic flooring, and an informal dining area. The French doors on the upper level lead to the primary suite with a private ¾ bath with dual sinks, a huge closet, and access to a private 3-season porch and private 10x28 deck. A clawfoot bathtub enhances the upper-level full bath's historic charm, while the third level offers a remodeled bath with dual sinks. This expansive home offers a total of 6 bedrooms and 5 baths, with three beds on the upper level, and three more beds on the third level, and spacious walk-in closets in all bedrooms. The finished lower level provides additional living space with a family room, another fireplace, and a convenient half bath. The expansive backyard features a large porch and patio, perfect for outdoor entertaining, and a basketball court for recreation. A 22 x 27 attached garage provides ample space for vehicles and storage, enhancing the convenience of this exceptional home. Situated in historic Summit Hill, close to Grand Avenue, this home is a rare find, combining historical significance with exceptional comfort.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1909
MLS Number
--
Location
Address
794 Linwood Avenue
City
Saint Paul
State
MN
Zip Code
55105
County
RAMSEY (County)
Listing
Provider
eXp Realty, original listing
Name
Phone
(763) 746-3996
Office Name
Office Phone
(320) 500-4397
Agent Name
Christopher Fritch
Agency Phone
(320) 500-4397

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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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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.