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4622 Fairmount Avenue
Kansas City, MO 64112
$1,595,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
3700
Property Description
KALA built high-performance, Certified LEED Platinum, Net-Zero Home in the West Plaza. KALA's motto is' When you built better, you live better' and this is obvious pulling up to the home. This thoughtfully designed home sets a new standard for energy efficiency and luxurious living. Every detail has been carefully considered to create a residence that not only minimizes environmental impact but also provides a superior quality of life for its occupants. The home showcases an exceptional level of craftsmanship, utilizing only the finest materials to achieve a luxurious standard of finish. From top to bottom, the residence exudes quality and attention to detail, making a lasting impression on all who step inside. The kitchen and butler's pantry are outfitted with top-of-the-line Wolf and Sub-Zero appliances, ensuring the sense of luxury in the heart of the home. Custom cabinetry throughout, from the Walnut built in's in primary bedroom to the White Oak in secondary bedrooms and mudroom, it feels like a work of art. The main level boasts an open kitchen and family room, a butler's pantry, an office, and powder room, Meanwhile, the second story offers three bedrooms, each with its own private bath, along with a dedicated laundry room and porches accessible from each bedroom. This layout provides a perfect blend of modern functionality and comfortable living spaces. The walk-out lower level encompasses a bedroom and bathroom, a mudroom, and a spacious 2+ car garage. Radiant heat is integrated throughout the lower level, including the heated garage and driveway, The mechanical room embodies a futuristic feel with its innovative features, including a 14 kWh solar array on the roof, a geothermal HVAC system and serves as the central hub for the smart home system, showcasing the home's advanced and energy-efficient infrastructure. This is a remarkable selling point that emphasizes the property's forward-thinking approach to sustainability and modern living.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2023
MLS Number
2471612
Location
Address
4622 Fairmount Avenue
City
Kansas City
State
MO
Zip Code
64112
County
JACKSON (County)
Listing
Provider
Name
Compass
Phone
(816) 280-2773
Office Name
Compass Realty Group
Office Phone
(816) 280-2773
Agent Name
Cory Ward

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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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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.