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2608 Ferris Drive
Mountain Grove, MO 65711
Dawn Marie Newberry with Century 21 Hometown Properties, original listing - (417) 926-1070
$299,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
1656 Square Feet
Property Description
NEW BUILD! Do you want a new house but don't want to go through the hassle of building it? Now is your chance to own this beautiful 1656 sq ft home, estimated to be completed early February 2025. Located in a highly sought after N. Highway 95 neighborhood that will put you just minutes from all conveniences and schools. This beautiful home boasts a very current white board and batten style vinyl siding with shaker accents. The brick compliments the look with black outdoor fixtures along with future black garage doors. As you enter this gorgeous home you will be immediately impressed with the cathedral ceilings in the living room and the welcoming open concept living/kitchen area. The floor to ceiling fireplace with mantel will provide a grand entrance to the home. The luxury plank flooring flows throughout the house and will lead to the beautiful dining and kitchen that will have quartz countertops and custom white cabinets along with an alder kitchen island. Off of the kitchen there is a nice sized pantry to help with hiding small appliances and and other kichen necessities. A perfectly sized laundry room will allow for easy access but not visible to the main living areas. The ample master bedroom has great lighting and a sizeable walk in closet. The master en suite bathroom will be a showstopper with a custom multi textured tilework shower along with a large soaker tub and double vanity with alder cabinets. The remainder of the house boasts two perfectly sized bedrooms and a guest bath with a custom tile shower and alder cabinets. An in-house office area will allow for a great work/ life balance. We can't forget the outdoor entertainment opportunities with a large covered porch in the back and the possibility for a privacy fence at an extra cost. A 15x 15 building in the backyard with roll up garage completes the storage possibilities. This is a rare opportunity to purchase a gorgeous new home with too many meticulously planned details to mention.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2025
MLS Number
--
Location
Address
2608 Ferris Drive
City
Mountain Grove
State
MO
Zip Code
65711
County
WRIGHT
Listing
Name
Phone
(417) 259-0523
Office Name
Office Phone
(417) 926-1070
Agent Name
Dawn Marie Newberry
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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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.