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326 Glenway Drive
Jackson, MS 39216
Melissa Hutchison with Charlotte Smith Real Estate, original listing - (601) 238-6620
$869,000
Conventional
Property
Bedroom
3
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
4853 Square Feet
Property Description
You must see this stunning example of mid-century modern design. With its unique architectural details, the home presents an incredible opportunity for MCM enthusiasts to own a perfect example of this timeless architecture. Tucked away in the sought-after Woodland Hills neighborhood, this MCM home embraces the open concept plan that is so popular today. The design maximizes both space and natural light, making the home comfortable and easy for day-to-day living, while also providing the perfect backdrop for entertaining. The striking entry provides a preview of the style within. In the foyer, square polished cherry panels, a slate floor, and an original MCM rock garden welcome visitors. The Brazilian cherry hardwood floors in the living areas harmonize with the fresh neutral palette of the walls. The clerestory windows in the living room and floor to ceiling windows in the dining, kitchen and keeping rooms allow abundant natural light, elevating the style and sophistication of these spaces. The formal living room flows into the formal dining room, where a custom built-in server adds architectural interest. The serene and streamlined kitchen features custom cabinetry by SieMatic, a German luxury brand known for its high quality, durability and functionality. Honed granite countertops in absolute black and stainless appliances work with the SieMatic cabinetry to create an aesthetically appealing space that will captivate guests. But the kitchen is not only beautiful, it offers amenities that will delight even the most discerning home chef: a built-in Viking refrigerator/freezer, a Viking 48'' 4-burner cooktop with griddle and grill, a 54'' Viking hood, Dacor double ovens and warming drawer, and island with prep sink. The primary bedroom features a raised panel wall, as well as an accent wall with stylish wallpaper. Floor to ceiling windows keep this space bathed in natural light and provide wooded views. The spa-like primary bath boasts slate floor and walls, a large, jetted tub and separate spacious shower. Custom demi-lune vanities topped with honed black granite, a custom leaded glass window, and two closets with built-ins complete this fabulous space. Just outside the primary bath, an office with built-ins and another wooded view provides a work-from-home space. The original, concealed accordion door can be used to close off this space when needed. A powder room for guests and a second bedroom with a beautifully updated white marble ensuite bath are also situated on the main level. Highlighting the lower-level space is a beautiful catering kitchen offering stunning Tigris wood cabinetry topped with white quartz countertops and a white marble tile backsplash. This space also features a built-in icemaker, microwave and a commercial KitchenAid glass front refrigerator. The spacious, climate-controlled wine cellar holds 1,000 bottles of wine and also makes an excellent storm shelter. A third bedroom with ensuite bath is located downstairs, as well as a seating area with built-ins that opens onto a private patio. At the back of the lower level a large, very flexible space provides a broad array of options. The sellers have used this space as an art studio, a playroom, and a bedroom. The space has evolved as the owners' needs have changed. Additional features of the home include built-in speakers both inside and outside, Pella windows with integrated screens, a well-fortified foundation with 16 ft concrete piers and steel joists, a whole house water filtration system and a new sewer line to name a few. This property is a must-see, as it is the perfect blend of classic design and contemporary convenience. Call your realtor and put this home at the top of your list- there is nothing quite like it on the market today.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1958
MLS Number
--
Location
Address
326 Glenway Drive
City
Jackson
State
MS
Zip Code
39216
County
HINDS (EAST)
Listing
Name
Phone
(601) 238-6620
Office Name
Office Phone
(601) 238-6620
Agent Name
Melissa Hutchison
Agency Phone
(601) 238-6620

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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.