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344 Panorama Drive
Cape Fair, MO 65624
Audrey E Spratt with Weichert, Realtors-The Griffin Company, original listing - (417) 338-4500
$480,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3
Property Type
Conventional
Square ft
2970 Square Feet
Property Description
Check out this beautifully designed, custom built home surrounded by mature trees and wildlife in the peaceful lakeside community of Walnut Springs. This 4 bed and 3 bath home with everything you need on the main level is right around the corner from Table Rock Lake. Welcome home to 344 Panorama Drive. Through the entryway is a bedroom/office space with bamboo flooring, a full guest bathroom, and an attached 2 car garage, fully insulated with high ceilings. The functional kitchen has a center island, custom built hickory soft close cabinets, pantry and tile backsplash. There's plenty of space for dining and entertaining in the open concept kitchen/dining/living area. Your new favorite spot will likely be the screened in porch, lovingly built and surrounded by the wooded beauty of the Ozarks. This is the perfect tranquil retreat for morning coffee and evening reflection. Step through the screened door taking in more nature on the large, composite deck with manual awning and steps to the lower level. The master bedroom has high ceilings, hardwood floors, and access to the deck. Master bathroom includes a large garden tub with shower and walk-in closet. Rounding out the upper level is the laundry room with washer, dryer and storage cabinets. The lower level includes a large family room with gas fireplace, 2 additional bedrooms with more storage, and a full bathroom. Through the family room exterior door is a large patio overlooking the gravel path that leads to a garden shed with pavers and a large outdoor building housing a wood workshop and lots of additional storage. The seller carved out 2 trails that go through the wooded area of the property leading to a wet weather creek and water fall during rainy seasons. Neighborhood boat launch has public access. There is also a private community dock and community park. There's so much here to take in! Don't miss your opportunity to own this meticulously and lovingly kept home. Your personal oasis is waiting.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2009
MLS Number
--
Location
Address
344 Panorama Drive
City
Cape Fair
State
MO
Zip Code
65624
County
STONE
Listing
Name
Phone
(417) 338-4500
Office Name
Office Phone
(417) 338-4500
Agent Name
Audrey E Spratt
Agency Phone
(417) 338-4500

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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.