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1010 Sapphire Crossing
Flowood, MS 39232
$549,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2692
Property Description
Perfection from every angle! Welcome to 1010 Sapphire Crossing, a custom-built dream home in the heart of Flowood. Located in the gated community of Latter Rayne, this four-bed, three-bath home leaves little to be desired. Step into the foyer through the covered front entrance and you'll find top of the line finishes and hardwood floors throughout. To your left, a formal dining room with one of many carefully sourced, beautiful light fixtures. Just ahead, a spacious living area with tons of natural light, custom built-ins, and plantation shutters throughout the common areas. Brick accents will lead you into a dream kitchen that boasts top of the line appliances, a spacious keeping room with fireplace, quartz countertops, and dual pantries with mirrored doors. Down the hall, a large laundry room and mother-in-law suite with a large bedroom and bath. On the opposite side of the home, there's a spacious master bedroom with a primary bath that will please even the pickiest of buyers. There's a seamless glass shower, separate tub, glass cabinetry, and a large master closet. There are two additional bedrooms on the right side of the home with a shared bath. In the three-car garage there's a finished staircase that lead to a walk-in attic that could easily be converted to a home office, movie theater, or bonus room. In the back yard, spend evenings around the built-in gas fire pit or on the screened in porch. This is one is even better in person, schedule your private viewing today!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2018
MLS Number
4075354
Location
Address
1010 Sapphire Crossing
City
Flowood
State
MS
Zip Code
39232
County
RANKIN
Listing
Provider
Havard Real Estate Group, LLC, original listing
Name
Havard Real Estate Group, LLC
Phone
(601) 672-8147
Office Name
Havard Real Estate Group, LLC
Office Phone
(601) 340-9656
Agent Name
Ben Hill

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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.