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6585 Ne Catawba Rd
Breckenridge, MO 64625
$599,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3400
Property Description
An unmistakable home in Caldwell County has hit the market. On the north side of 36 Highway, about 9 miles east of Hamilton, stands a home that was built at the turn of century and is easily recognizable by the tall architectural pillars. The driveway eases into the large front yard, winding through the mature trees which add to the allure of the property. Sitting in front of the home you feel a sense of pride that J.C. Penney must have felt when he owned the property in the 1940s. Although you love the historical vibes, the fiber internet will keep you in touch with the modern world. Upon entering the home, you are greeted with a large family room and a curving staircase that leads to the 2nd level. You are amazed, and relieved, that most of the original woodwork is elegant and intact. While passing through the family room, your attention focuses on the wood burning fireplace lined in brick. You briefly wonder about how many families have gathered around this fireplace for warmth and camaraderie on a cold winter's eve. Entering the kitchen, you immediately notice the updates. With new flooring, new appliances, quartz countertops and cabinets, the chef of the home will be delighted. An oversized window in the dining area adds tons of natural light and a great view while dining. The rest of the first level has an office, another living room, bathroom, an attached 2 car garage and a sun porch. After climbing the beautiful staircase to the second level, you are welcomed by original hardwood floors lining the hallway. The primary bedroom has a long closet and a large bay window with a bench seat. There is also a primary bathroom that has many recent updates. The rest of this level has 3 more bedrooms and another full bathroom. One of the highlights of the 2nd level is the balcony, which overlooks the front yard. Back outside on the 7 acres, you'll find two additional outbuildings. The smaller one is rough finished on the inside, has a bathroom, and is currently used for a man cave. The larger outbuilding measures 175' X 50' adding tons of dry storage space. All in all, this property is a unique blend of rich history and modern convenience.
Property Information
Lot Size
7 acre(s) square ft
Property Type
Residential
Year Built
1910
MLS Number
11281612
Location
Address
6585 NE Catawba Rd
City
Breckenridge
State
MO
Zip Code
64625
County
CALDWELL
Listing
Provider
United Country Graham Agency, LLC, original listing
Name
United Country Graham Agency, LLC
Phone
(660) 646-7653
Office Name
United Country Graham Agency, LLC
Office Phone
(660) 646-7653
Agent Name
Mac Lee

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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.