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401 S Dudley Street
Hamilton, MO 64644
$339,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1724
Property Description
Located on the eastern edge of Hamilton, MO, awaits a storybook home at 401 S Dudley Street. As you approach, the contrast of the slate blue siding with white trim catches your eye. But it's what lies inside the front door that truly captivates. Once inside you are pleasantly surprised at the remodeled interior. The spacious living area leads to a dining area and then to the kitchen, which is truly a chef's delight. Featuring high-end KitchenAid appliances and custom cabinetry, this kitchen is versatile and beautiful. Imagine preparing evening meals while loved ones gather around the island, sharing stories and laughter that fill the air. The rest of the main level has 3 bedrooms, 2 bathrooms, and an attached garage that has been converted into an oversized family room. Although there is no duct-work in this area, the newly installed mini-split ensures that comfort is not an issue. At the back of the family room is a stairway that leads to the full-sized, unfinished basement which adds tons of storage. But the allure of this home extends beyond its four walls. Step outside to discover the backyard, surrounded by a white vinyl fence that offers both privacy and charm. The roof is almost brand new and do not overlook the 26x40 shop that adds even more possibilities. With concrete floors, electricity, and a large door big enough for your camper or RV, the opportunities are limited only by your imagination. It should also be noted that the shop has it's own water and electric meter. This home was remodeled by contractors for the current owners to retire in, however plans sometimes change. This is in no way, shape, or form a flip house. Don't let this opportunity slip away. Contact me to be first in line to see this beauty when it becomes active on May 8th.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1984
MLS Number
11273491
Location
Address
401 S Dudley Street
City
Hamilton
State
MO
Zip Code
64644
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.