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817 5th St
Alva, OK 73717
$181,000
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
2657
Property Description
Welcome home to 817 5th Street Alva Oklahoma 73717 Built in 1918 this beautiful four bedroom home has two bathrooms and contains so much character, displayed in every room! This home also offers space for everyone in the family! With two generous sized living areas, you have the option for hosting large family gatherings or cozy evenings in by the fireplace. The main living room is large enough to accommodate a sectional sofa, piano and more. It has a wood burning fireplace and beautiful woodwork. The secondary family room is perfect for game night, movie night and more! It is also grand enough to accommodate a sectional sofa, pool table and bar! This family room also has a wood burning fireplace! Each living area also comes with its own television! The dining room is located directly off of the kitchen and is perfect for family dinners or holiday meals! It has beautiful hardwood floors with a large chandelier and comes with a large table and chairs which can be expanded with a leaf that's easily added to the table. The kitchen has a pantry and all appliances are included. The stove was replaced in June of 2023, refrigerator was new in 2019 and the dishwasher was new in 2022. The kitchen is perfect for making endless cups of hot chocolate for your kids sleepovers, slow dancing while making dinner, and has just the right sunlight first thing in the morning when you take your first sip of coffee. The downstairs bathroom is located off the laundry room and has a large walk in shower, the upstairs bathroom feature a large garden tub and a separate shower. The upstairs bathroom has recently been repainted with new flooring laid. There are 3 bedrooms upstairs and one bedroom downstairs located off the dining room. The master bedroom features two walk in closets and has incredible light! There are two basements in the house. There is a safe room located under the pool table and an unfinished basement under the house accessible through the pantry. The basement stays cool and dry, perfect for storing any of that summer canning you may be doing this summer! The house also comes with a large fenced in backyard with utility shed. The yard has several raised planters, perfect for gardening enthusiasts! Behind the house is a separate garage with apartment. The apartment currently rents for $400 a month. It is a 1 bedroom/1 bath. This property is within walking distance to NWOSU. Make your appointment today to see this awesome property! Don't miss your opportunity to own this home!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1918
MLS Number
11183732
Location
Address
817 5th St
City
Alva
State
OK
Zip Code
73717
County
WOODS
Listing
Provider
Kohlrus Real Estate LLC, original listing
Name
Kohlrus Real Estate LLC
Phone
(580) 327-4007
Office Name
Kohlrus Real Estate LLC
Office Phone
(580) 327-4007
Agent Name
Rachel Spellman-Hughes

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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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USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.