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3719 Overlook Court
Akron, OH 44333
Inna Muravin with Engel & Völkers Cleveland, original listing - (440) 568-0400
$699,900
Conventional
Property
Bedroom
3
Bathroom
Full: 3
Property Type
Conventional
Square ft
3139 Square Feet
Property Description
Drees Homes presents Rosemont Retreat! Welcome to the highly sought after area of Fairlawn. This is our newest ranch, the Parkette! This home is oozing with curb appeal with a three-car garage and modern farmhouse look. Feel refreshed coming home to this beautifully appointed home with three bedrooms, a home office or formal dining room and finished recreation room in the basement. You can easily entertain guests in the kitchen, dining room and family room with this open concept plan. Jump for joy when you walk in and see the vaulted ceiling running from the kitchen through the Family Room! You will truly get a split floorplan as the three bedrooms are all on opposite corners of the home and one even has an ensuite bathroom. You can plan for the best hangouts in the neighborhood in your finished recreation room in the basement with 9-foot foundation walls. Snuggle up to the warm and cozy exterior gas fireplace on the Outdoor Living space or keep it cool with the patio ceiling fan for those hot summer nights. Feel like a chef in your new kitchen with warm burlap cabinets, gas range, tile backsplash and quartz countertops. Keep your bathrooms sparkling with granite countertops, luxury vinyl plank flooring and Moen matte black faucets. This laundry room is complete with a utility sink. No standard interior paint for this home, we upgraded all the rooms to a lovely Alabaster with Pure White trim. You get model quality with knockdown textured ceilings and a textured wall finish in your three-car garage. We didn’t forget to add some extra pizazz with craftsman baseboards and casings. Also, no weekend projects here because we already installed craftsman wainscotting in the foyer, family foyer, home office and back of the kitchen island. So, sit back and enjoy your new home because we’ve already hung the chandeliers and upgraded the bathroom light fixtures too!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Other-Single Family Residence
Year Built
2024
MLS Number
--
Location
Address
3719 Overlook Court
City
Akron
State
OH
Zip Code
44333
County
SUMMIT
Listing
Provider
Engel & Völkers Cleveland, original listing
Name
Phone
(440) 568-0400
Office Name
Office Phone
(440) 568-0400
Agent Name
Inna Muravin
Agency Phone
(440) 568-0400

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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.