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16 Peterson 2
Lewellen, NE 69147
$345,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1792
Property Description
Lovely 1792 sq ft 3 bedroom 3 bath home with 2 car heated attached garage on corner lot. New paint and carpet throughout home. Vinyl waterproof plank flooring in kitchen and dining room. Atrium Pella back door off of kitchen to large redwood deck. Office nook between kitchen and living room. Kitchen has wall oven, microwave, garbage disposal, propane gas stovetop and garbage compactor. Beautifully maintained yard with underground sprinklers. Spacious corner lot with mature lilac bushes.  Underground sprinklers and beautiful maintained yard. This lovely home is 1,792 total sq. ft.  The upstairs is a spacious primary bedroom, walk-in closet, and bathroom.  The main floor kitchen has access to large redwood deck, dining room and cozy living room.  The basement has 2 more large bedrooms with nice large windows and closets, a full bathroom,  laundry room, family room and storage room.  Large back yard has a storage shed. Property is close to Cedar View bait shop,  boat ramp and sandy beaches. Home is 25 miles from Colorado state line so climate here is similar CO front range.  Lake McConaughy is listed on the Top 100 Family Places to Fish and Boat in U.S.   The lake with white sandy beaches is 20 miles long and 4 miles wide and 142 ft deep at the dam. The area has great golf course in Ogallala, Brule and Oshkosh.  There are fishing tournaments and restaurants have live music. Ash Hollow state Historical Park has summer events.  The area also has duck, goose, deer, elk and antelope hunting. and all types of outdoor recreation. As early as the 1880′s, citizens of south-central Nebraska discussed the possibility of bringing irrigation to the area. Interest in irrigation grew with each successive drought cycle until the drought and economic depression of the 1930s helped convince state and federal officials and community leaders of the need for irrigation. The Public Works Administration approved funding for the hydro-irrigation project in 1935 and construction began in 1936. Kingsley Dam was closed and dedicated in 1941 and project operations began soon afterward. The dam and reservoir are named for George P. Kingsley, a Minden, Nebraska banker, and C.W. McConaughy, a grain merchant and mayor of Holdrege, Nebraska, two of the leading promoters of the project. Although neither lived to see the completion of the project, their leadership and perseverance eventually culminated in a public power and irrigation project that helped Nebraska become one of the nation's leading agricultural states. The property is located on the north side of highway 92 and is on a corner lot.  Airports are located in Oshkosh and Ogallala, NE
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1997
MLS Number
11239317
Location
Address
16 Peterson 2
City
Lewellen
State
NE
Zip Code
69147
County
GARDEN
Listing
Provider
Hayden Outdoors, LLC, original listing
Name
Hayden Outdoors, LLC
Phone
(970) 674-1990
Office Name
Hayden Outdoors Real Estate
Office Phone
(970) 674-1990
Agent Name
Lorrie Clark-Friesen

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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.