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1327 East Deer Lane
Mt Vernon, MO 65712
$479,900
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
4340
Property Description
Welcome Home!! This beautiful Park Woods subdivision is conveniently located next to the Mt. Vernon Golf Course and City Park, and close to schools! This immaculate custom built house has it all! Get ready because we are diving right in! With over 4,300 square feet, this house offers 4 spacious bedrooms and 3 full bathrooms. Throughout the main floor are gorgeous tall ceilings with crown molding to complete. The oversized master bedroom includes a bay window, an en-suite master bath with his and her walk-in closets, and private access to the stunning covered composite deck out back! Whether you are entertaining guests at the wet bar next to your custom stone fireplace in the great room, or entertaining conversations in the formal dining room, you can easily swoop your guests out to the back patio through double French doors located in BOTH ROOMS! There is not enough space to talk about all the outstanding kitchen features, so here's a few - THREE pantries with TONS of storage, deep cabinets and drawers, pull-out cabinets, a warming drawer, smokeless grill, and still enough space for the desk off to the side! If you have ever dreamed of having a built-in ironing board and a farmhouse sink in your laundry room, paired with a sink in your oversized garage with built-in storage, well my goodness, this house has it!! The upstairs consists of Jack and Jill bedrooms with a Jack and Jill bathroom between! The attic is easily accessible with separate 3 entrances with lighting and flooring throughout, and is even equipped with a power vent and an attic fan! This home has a new Trane HVAC, a new A/C unit being installed soon, newer hot water heater, gutter guards, wrap around porch, lots of updates, and a circle drive to top it all off! You will HAVE to see all this and more for yourself! Please call today to set up your very own private showing!!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1998
MLS Number
60245529
Location
Address
1327 East Deer Lane
City
Mt Vernon
State
MO
Zip Code
65712
County
LAWRENCE
Listing
Provider
Murney Associates, LLC, original listing
Name
Murney Associates, LLC
Phone
(417) 575-1205
Office Name
Murney Associates - Primrose
Office Phone
(417) 823-2300
Agent Name
Dale R Doolittle

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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.