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5647 Mo 142
Thayer, MO 65791
$1,200,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
5464
Property Description
COUNTRY LOG HOME/ACREAGE located just outside of Thayer on Highway 142. 38.8+/- acres with 36+/- acres of hay field or pasture for livestock, a big pond and woven wire fencing. From the highway follow the paved driveway for almost 1/4 mile up to the 4-bedroom, 4-bath, 3 car garage LOG HOME on a hilltop setting with long range views from most every room in the home. From the 3 sided porch enter the living and dining area with Cathedral ceilings featuring exposed beams and a native stone wood burning fireplace. Living, Dining & Kitchen areas compose one open great room. Kitchen has all appliances, Refrigerator, Electric Stove, Microwave, plus an operational Wood Burning Cook stove. Yes, cook those old time country breakfasts that Grandma used to cook for you. Off the kitchen is the laundry & bath where you can come in and clean up after a day of working your cattle or farming. The main bedroom on the first floor features a lighted walk in closet and bath with a Jacuzzi tub plus separate walk in shower. Take a trip up the stairs to a huge open loft area over looking the living and dining area below, an ideal family room or play area. There's a large bedroom and walk in closet and full bath also. This upper area has all wood flooring, banister's and stairway. Look out the windows on all sides for an even more extended long distance view from this hilltop setting. Let's go down to the main level and to the walk out basement featuring the long family or play room extending from the front to back of the home and 2 bedrooms with bath between them. That's not all, there is a drive in garage with the mechanical area, water softener, large water heater, well pressure tank and Heat Pump furnace. Out back is concrete area for access and retaining walls. Then right on out to the 24x40 metal shop with 220 wiring and 1/2 bath.
Property Information
Lot Size
38 acre(s) square ft
Property Type
Residential
Year Built
2006
MLS Number
60262594
Location
Address
5647 Mo 142
City
Thayer
State
MO
Zip Code
65791
County
OREGON
Listing
Provider
United Country- Cozort Realty, INC., original listing
Name
United Country- Cozort Realty, INC.
Phone
(417) 280-6604
Office Name
United Country-Cozort Realty, Inc.
Office Phone
(417) 280-6604
Agent Name
Norman Cozort

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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.