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2403 Merlot Place
Excelsior Springs, MO 64024
$429,995
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2870
Property Description
Welcome to your dream home in this maintenance free - 55 and over age restricted neighborhood! This stunning new construction boasts almost 1600 square feet on the main level and an additional estimated 1300 square feet of finished basement area, giving you plenty of room to spread out and make yourself at home. Conveniently located near shops and with easy access to the 69 highway, this home offers the perfect combination of privacy and accessibility. As you enter the home, you'll immediately notice the large semi-open floor plan and abundance of natural sunlight, thanks to the generously sized windows throughout. The main level features two spacious bedrooms, with a third bedroom located in the walkout basement. The master bedroom is a true retreat, complete with a large master bath featuring a walk-in closet, double-headed shower, and double sink. Plus, with a private entry door to the covered back porch, you'll feel like you have your own private oasis. The beautiful kitchen is a chef's dream, with custom cabinets, a walk-in pantry, and custom countertops. The laundry is conveniently located off the kitchen, along with a storage area to kick off your shoes and jacket. This home doesn't disappoint in upgrades, with high-end finishes and attention to detail evident throughout. The finished basement provides even more living space, with a large living area that walks out to the backyard. There's also one large basement bedroom with a full bath next to it, perfect for guests. Downstairs includes 2 additional storage rooms, so you'll never run out of space for all your belongings. Outside, the neighborhood is maintenance-free to include mowing as well as snow removal with a walking trail and a nearby neighborhood pool for your enjoyment. The home also includes a water sprinkler system maintained and paid by the HOA. With a two-car garage, you'll never have to worry about parking again. Don't miss your chance to make this house your forever home!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2023
MLS Number
2471034
Location
Address
2403 Merlot Place
City
Excelsior Springs
State
MO
Zip Code
64024
County
CLAY
Listing
Provider
RE/MAX Area Real Estate, original listing
Name
RE/MAX Area Real Estate
Phone
(816) 820-2463
Office Name
RE/MAX Area Real Estate
Office Phone
(816) 630-4000
Agent Name
Manley Home Team

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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.