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279 Eastview Drive
Urbana, OH 43078
V. Patrick Hamilton with RE/MAX Alliance Realty, original listing - (937) 652-1100
$266,900
Conventional
Property
Bedroom
3
Bathroom
Full: 1, ½: 1
Property Type
Conventional
Square ft
1765 Square Feet
Property Description
This 3-bedroom, 1.5-bath brick ranch home, located on the East side of Urbana, offers 1,765 square feet of single-level living space. If you're seeking a condo alternative without stairs, this might be the perfect option. Conveniently located near groceries, restaurants, and shopping, it's just 30 minutes to the Honda plant in Marysville, 46 minutes to Dublin, and 25 minutes to Interstate 70. Upon entering, you're greeted by a spacious living room with a large front window overlooking the yard. The eat-in kitchen, which has recently updated countertops, offers plenty of cabinetry and storage. Adjacent to the kitchen is a versatile flex room, ideal for use as a dining room, study, or home office. Beyond that, the oversized family room boasts cathedral ceilings and a window overlooking the fenced backyard. The flex room and family room can easily be combined into one large space, as the dividing walls are false and non-load bearing. Off the kitchen, there's a laundry room with ample storage and a half bath for convenience. Down the main hall are three bedrooms and a full bath. Outside, you'll find even more perks, including a 20x16 outbuilding with electric (not your normal backyard shed), an 18-foot round, 4-foot deep above-ground pool, and a covered patio that overlooks the pool and fenced yard. The property also features a 2-car attached garage, attic storage, and plenty of off-street parking. Recent updates include a new water softener (2021), water heater (2019), and HVAC system (2018). The home offers affordable utility costs, with electric at $108 and gas at $117 per month on level billing.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1976
MLS Number
--
Location
Address
279 Eastview Drive
City
Urbana
State
OH
Zip Code
43078
County
CHAMPAIGN
Listing
Name
Phone
(937) 869-1809
Office Name
Office Phone
(937) 652-1100
Agent Name
V. Patrick Hamilton
Agency Phone
(937) 652-1100

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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.