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5138 St Andrews Cove
Olive Branch, MS 38654
Brian Couch with Burch Realty Group Hernando, original listing - (662) 449-1700
$864,000
Conventional
Property
Bedroom
6
Bathroom
Full: 4
Property Type
Conventional
Square ft
4793 Square Feet
Property Description
Elegant and Spacious home with in-ground pool in Wedgewood Golf Community! Sitting on a 1.68 +/- corner lot, this beauty has it all! The gorgeous, landscaped grounds and the elegant interior and quality construction make this home a real showstopper! The living space offers 6 Bedrooms, 4 Bathrooms, Formal Living and Dining Rooms, an impressive Great Room with a two story ceiling, and a kitchen that is open to a breakfast and hearth area. Highlights include an impressive two-story entry with extensive iron railing that starts at the foyer entry and extends to the upstairs; a Chef's kitchen with a buffet and desk area, large island, upgraded appliances that include double ovens and cooktop, custom painted cabinets with stunning quartz counters, decorative backsplash, under cabinet lighting and a walk-in pantry; a massive Master retreat with a sitting area offering a door to covered back porch and an ensuite bathroom that includes two separate vanities with quartz counters, a Jacuzzi brand air bath, a separate shower with wall and rain head faucets, and 2 walk-in closets. Other extras include a second bedroom down with full bathroom, an upstairs that has four additional bedrooms (all with walk-in closets), a jack-n-jill bath between 2 of the bedrooms and another full bath with private access from the 5th Bedroom. Bedrooms 3 and 4 have a door that leads to the upstairs exterior balcony that overlooks the fabulous sparkling pool and the walk-in attic has more storage space than you would ever need. Additional interior features include nailed down hardwood flooring, gorgeous iron work, plantation shutters on every window, upgraded lighting throughout, upgraded cabinet hardware, two staircases, a laundry room with sink, tons of cabinets and room for an extra fridge and if that isn't enough, the outside gets even better! From the extensive landscaping to the heated in-ground pool to the covered back porch to the upstairs balcony with spiral staircase to the outdoor kitchen area, you will never want to go inside. Other exterior features include a 3-car garage, a friend's entrance on the side, tons of additional parking, and a circle driveway. For the golfers, home is located between the 9th green, 1st tee box and the 18th green. It has been meticulously maintained and is a must see to truly appreciate all it has to offer.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1999
MLS Number
--
Location
Address
5138 St Andrews Cove
City
Olive Branch
State
MS
Zip Code
38654
County
DE SOTO
Listing
Name
Phone
(901) 461-7653
Office Name
Office Phone
(662) 449-1700
Agent Name
Brian Couch
Agency Phone
(662) 449-1700

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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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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.