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5600a State Highway 38
Hartville, MO 65667
Terry Coats with Century 21 Hometown Properties, original listing - (417) 926-1070
$560,000
Conventional
Property
Bedroom
4
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
3000 Square Feet
Property Description
Exceptional Property! Beautiful home on 10 ac m/l with state highway frontage just a short distance out of the county seat! The home sets well off the road and is all one level. It features a great dine-in kitchen area that opens up into the living room and four seasons sun room. The beautiful custom kitchen is in the heart of the home and ideal for those family gatherings. It has granite countertops, lots of storage space, freshly painted cabinets and a spacious breakfast bar. You'll have to decide whether to drink that morning coffee and watch the wildlife and sunrise from either the four seasons sunroom or the large covered deck. When you decide to retire for the evening you will have plenty of privacy in the very spacious master suite - and the walk-in closet is huge! Additional space inside the home includes the large living room with wet bar, and an oversized 2 car garage. A Generac generator has you covered in case of a power outage. You will find plenty to see and do outside the home as well. There is a large insulated shop with electric and plumbing, an attached chicken house, nice garden area (including raised beds) and garden sheds, a variety of fruit and nut trees, raspberry, blackberry, strawberry plants, a basketball court, above ground pool, and a new storm/root cellar. The land is a nice mixture of pasture and woods and features newer perimeter fencing, a pond, and a newer barn with side sheds. Current owners are running a few head of cattle and goats. Can be purchased with more acreage. Pictures don't do this property justice. Come take a look. You might just fall in love!
Property Information
Lot Size
10 acre(s) square ft
Property Type
Residential-Farm
Year Built
2012
MLS Number
--
Location
Address
5600a State Highway 38
City
Hartville
State
MO
Zip Code
65667
County
WRIGHT
Listing
Name
Phone
(417) 926-1070
Office Name
Office Phone
(417) 926-1070
Agent Name
Terry Coats
Agency Phone
(417) 926-1070

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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.