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1224 R Street
Ord, NE 68862
Mattison Ference with Hayden Outdoors Real Estate, original listing - (970) 674-1990
$195,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
684 Square Feet
Property Description
This completely overhauled home is a rare find in Ord, NE! Featuring a master suite on the main level with custom walk-in shower, main floor laundry/mudroom, an open concept kitchen and a cozy, unique living space. Plus two guest bedrooms and a guest bathroom in the fully finished basement. The property sits on a large corner lot. Property would make a great vacation home/rental or primary residence. Welcome to The Brass Cottage! Property sits on a large corner lot with close proximity to the Valley County Fairgrounds. The lawn was leveled, seeded and had underground sprinklers installed by Buller DesignScapes of Scotia, NE in June of 2024. Trees were professionally trimmed in 2023. There is a detached garage and garden shed on the North side of the property. A new driveway was added on the East side of the property to have easy access to inside the home. | This 3 bedroom 2 bathroom was gutted to the studs and the floor plan completely reimagined. This home now offers an open concept kitchen and living with new stucco fireplace, room for a dining area, a modern kitchen with peninsula and pantry, main floor laundry and mudroom area, a master bedroom with sleek ensuite featuring a custom walk-in shower and a fully finished basement. Basement now offers two bedrooms, a modern guest bathroom with tub/shower combo and a designated utility room with all new appliances, plumbing and wiring. Favorite features include: concrete kitchen countertops, custom built Elm wood floating shelves and range hood cover, matching Elm wood header wrap, Silver Maple wood door trim accent in basement hallway, brass hardware throughout, stucco fireplace, stucco and custom tile walk-in shower, kitchen pantry, laundry cubbies, penny tile by East entrance, kitchen peninsula and outdoor fire pit area for entertaining and cottage style deck railing. | Renovation Notes Summarized (full detail provided at showing/over the phone): *all improvements completed between 2023-2024 House was gutted to the studs and re-built Outside leveling/drainage issues removed/resolved New interior wall insulation (on main and basement) New windows throughout All new electrical (including in the walls) All new pex plumbing Furnace and central air unit installed in 2023, each unit has only ran one season (no central air prior) New headers in ceiling All new flooring (LVP on main) (porcelain tile in baths) (carpet in basement) All new light fixtures New concrete sidewalk and concrete driveway approach Basement fully finished (was just masonry block walls and no rooms) Egress Windows added Grass leveled and seeded with Fescue blend Underground sprinklers installed Rock walkways and fire pit area added Garage roof and wood replaced Broken siding pieces on house and garage replaced You do not want to miss out on this move-in-ready home/investment property! Nearby lakes include Calamus Reservoir (26 mi away), Davis Creek (16 mi) and Sherman Reservoir (20 mi). Several kayaking, tubing and tanking outfitters can be found in and around Ord! View the Resources section for more information about the surrounding area. The home's prior use has been as a primary residence, however now fully overhauled with added bedrooms and bathrooms, this property would make a great vacation rental or investment property. New to Ord? You are sure to be welcomed by friendly faces and people who are always willing to lend a hand. Ord is a lively town that sees its fair share of visitors to the area. There are several attractions in the surrounding area that provide for this. Most notably would be the Nebraska Sandhills, Davis Creek, Calamus Reservoir, Sherman Reservoir, North Loup River for kayaking and sandbar hangouts, Scratchtown Brewery located in downtown Ord, the Nebrask
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1920
MLS Number
--
Location
Address
1224 R Street
City
Ord
State
NE
Zip Code
68862
County
VALLEY
Listing
Name
Phone
(970) 674-1990
Office Name
Office Phone
(970) 674-1990
Agent Name
Mattison Ference
Agency Phone
(970) 674-1990

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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.