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104 S Meadowcroft Drive
Akron, OH 44313
$265,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1976
Property Description
Nestled within the heart of West Akron lies Fairlawn Heights, a neighborhood where urban charm meets rural tranquility. Nature's generosity is evident here, with majestic trees adorning the landscape alongside rugged cliffs and lush wooded valleys. Wide, sloping lawns and meandering boulevards further enhance the scenery, crafting an ambiance of unparalleled beauty. It's a place where history resonates through stately homes, where meticulously crafted landscapes beckon exploration, and where a vibrant community thrives amidst a rich tapestry of cultural, educational, and recreational pursuits. South Meadowcroft is a stand-alone half-circle drive containing roughly 10 mostly stately homes with a wooded backdrop, and an air of exclusivity. 104 S Meadowcroft is the blocks-only ranch-style home, making it even more sought after. With its wood siding, brick paved driveway, large 1-acre lot, and peaceful setting, you're sure to fall in love before you make it to the front door. The home's large and abundant windows and access to the exterior cultivate a seamless transition between the indoors and the outdoors. Enjoy your favorite meals or relax with your perfect beverage among nature on the ground-level deck equipped with a natural gas line direct to your grill. You'll appreciate the oversized breezeway/enclosed porch. Off the breezeway, you're greeted by a quant dining space with a perfect picture window and a state-of-the-art kitchen with soft close maple cabinets, granite counters and backsplash, and stainless steel Subzero Fridge and Viking Professional oven/range. The easygoing living room impresses with its natural light, gas fireplace, and additional outdoor access. The 1st floor is finished with 2 bedrooms and a remodeled full bath. The basement offers nearly 800 sqft of additional finished space with a 3rd bedroom or family room, full bath, w/large walk-in closet, and huge laundry room/common area, plus storage. Opportunity awaits you! More info in supplements.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1949
MLS Number
5028309
Location
Address
104 S MEADOWCROFT DRIVE
City
AKRON
State
OH
Zip Code
44313
County
SUMMIT
Listing
Provider
Coldwell Banker Schmidt Family Of Companies, original listing
Name
Coldwell Banker Schmidt Family Of Companies
Phone
Office Name
Portage Lakes
Office Phone
(330) 645-2960
Agent Name
Eric Cooper

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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.