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30445 Orchard Drive
Lebanon, MO 65536
$425,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
5000
Property Description
Shop House DELUXE! This large family home has tons of square footage, garage space and acreage to accommodate a small hobby farm. This one of a kind property welcomes you immediately when you enter into the open concept living room, dining area and kitchen. With vaulted tongue and groove ceilings it gives it a rustic feel with luxury vinyl plank floors throughout most of the upstairs and tile in the kitchen and bathroom. The kitchen is perfect for those that love to cook and have family gatherings with two huge islands for seating, plenty of cabinets and prep space and a good size pantry. Tons of natural light filters in from the large windows and sliding glass door leading out to the covered porch. Down the hallway is the master bedroom with an on suite bath that has a jetted tub, walk in shower and single vanity. There are two more bedrooms on the second level and the main bathroom. Downstairs there is an oversized room that the owners currently use for their business that has a separate entrance from the outside perfect for in law apartment. The 4th bedroom is also on the main floor with an attached 1/2 bath, along with a small kitchen. The home has a 3 car attached garage along the front of the home and a 25X100 shop on the backside that runs the entire length of the building with oversized garage doors on both ends and a 1/2 bath. The outdoor living space is perfect with large decks that are mostly covered and wrap around two sides of the home. The property is fenced and cross fenced to have a few horses or calves. There are two RV hook ups for that already have power and water hook ups. Great location off blacktop with easy access to Lebanon, Bennett Springs, Ha Ha Tonka or the lake!
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
1995
MLS Number
60264100
Location
Address
30445 Orchard Drive
City
Lebanon
State
MO
Zip Code
65536
County
LACLEDE
Listing
Provider
Greater Springfield Realty, LLC (Keller Williams), original listing
Name
Greater Springfield Realty, LLC (Keller Williams)
Phone
(417) 883-4900
Office Name
Keller Williams
Office Phone
(417) 883-4900
Agent Name
Philip Reed

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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.