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4661 Spring Meadow Cove
Olive Branch, MS 38654
Donnie R Chambliss with Crye-Leike Of MS-SH, original listing - (662) 349-5550
$1,300,000
Conventional
Property
Bedroom
6
Bathroom
Full: 6, ½: 1
Property Type
Conventional
Square ft
6400 Square Feet
Property Description
Spring Place Estates in Olive Branch, MS is DeSoto County's Premier Luxury, Gated Community ~ Custom-Built, One-Owner, Well-Maintained, with lots of upgrades and updates throughout the 6400sf with 6 Bedrooms, 6.5 Bathrooms, Media Room, Outdoor Living, Outdoor Kitchen, Gunite Pool, and 3-Car Garage on a .7 Acre Lot ~ Circular Drive in front welcomes you to an impressive Colonial elevation with 8 foot arched double doors opening to an Entry with gorgeous Nail-Down Hardwood floors leading to an Office-Study (or Bedroom 2) with Built-Ins on one side and a Formal Dining with Buffet Nook and Butler's Pantry on the other side ~ Central Living Area Great Room with wood floors, Custom Limestone FP flanked by built-in bookshelves and cabinets, and twin double rear entry doors opening to the 30 foot Covered Rear Porch Outdoor Living space ~ Great Room opens to a large Chef's Kitchen with Professional Thermodore Double Ovens, Gas Cook-Top, Full Vent Hood, Pot-Filler, Custom Cabinets to Ceiling with backsplash, Under Cabinet Lighting, Built-In Coffee & Tea Bar with Hot Water Filler, Ice Maker (concealed), Built-in Trash Pull-Out, 9 Drawer Stacks, Center Island with Granite Breakfast Table Kick-Out, Walk-In Pantry and Built-In Commercial grade Fridge-Freezer ~ On the opposite end of the home find a rear hallway leading to the Primary Suite with Tray Ceiling, Wood Floors and Security Keypad with a hallway to 2 separate walk-in closets and a Spa-Like Bath with Center Soaker Tub, Walk-Thru Shower with 3 Heads, Rainfall, and Seat plus 2 separate Granite Vanities with 4 Drawer stacks ~ Mud Area just off the Kitchen with cubbies, extra custom storage cabinets, 2nd Rear Stairs, and a Rear Entry Door leading to a Guest 1/2 Bath (pool bath) and a huge Laundry Room with upper/lower cabinets, granite folding counter, sink, Pet Kennel nook, space for fridge, hanging rod, and hamper cubbies ~ Upstairs find matching 16 x 16 Bedroom Suites (BR3,4) with Built-In Desk, Bookshelves, cabinets, and drawers plus private-baths across from a larger Bedroom 5 with the same ~ Large, Multi-Purpose Room (could be Bedroom 6) is next to Bathroom 6 down the hall from a Media Room / Kids Den with Built-In Shelves and Cabinets ~ Outside find an amazing Vaulted, Covered Rear Porch with Brick to Ceiling Wood-Burning FP, 3 Ceiling Fans, and 6 Recessed Lights plus a 25 foot side Grilling Porch with Outdoor Kitchen opening to an extended patio and a custom gunite, salt-water pool with tanning ledge, bubblers, and water fall ~ Back Yard has room to run and is surrounded by a full privacy fence with gates ~ Additional Features: Throughout the home find Surround Sound, Plantation Shutters, Heavy Trim, Wide Crown, and Nail-Down Wood Floors... Updated Lighting, paint and flooring, Centralized Audio System with speakers in every room and exterior, Automated Lighting system, Heat Sensors above equipment wired to security system, Zoned HVAC system, Security Cameras, Tesla Charging Station and much more... Hurry and come home to Spring Place.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2015
MLS Number
--
Location
Address
4661 Spring Meadow Cove
City
Olive Branch
State
MS
Zip Code
38654
County
DE SOTO
Listing
Name
Phone
(901) 355-2074
Office Name
Office Phone
(662) 349-5550
Agent Name
Donnie R Chambliss
Agency Phone
(662) 349-5550

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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.