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254 S Grand Ave
Burns, OR 97720
$255,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
2304
Property Description
Welcome to 254 S. Grand Ave, a wonderful property nestled in the heart of Burns, Oregon. This charming home offers a serene and picturesque setting, boasting a quiet neighborhood and plenty of space. Whether you're seeking a peaceful retreat or a cozy family residence, this property has it all. Step inside this well-maintained and updated home, featuring 3 bedrooms and 2 bathrooms. The open-concept design allows for flow between the living, dining, and kitchen areas, creating an inviting space for entertainment and relaxation. The interior showcases a blend of modern updates and classic details, with hardwood flooring, large windows, and ample natural light throughout. The spacious kitchen is a chef's dream, equipped with new appliances and plenty of counter space for meal preparation. It offers both functionality and style, making it an ideal space to whip up culinary delights for family and friends. The bedrooms in this home are generously sized and offer comfortable retreats for rest and rejuvenation. Step outside onto the front or back porch areas which are wonderful spaces for hosting summer barbecues, enjoying morning coffee, or simply basking in the tranquility of the surroundings. The property also features large yard spaces, providing an opportunity for green thumbs to indulge their passion for landscaping. The location offers a perfect balance of privacy and convenience, with easy access to local amenities, schools, parks, and shopping centers. Outdoor enthusiasts will appreciate the proximity to recreational activities, including hiking trails, fishing spots, and camping areas. LEGAL:T23S, R30E, W.M. Sec 13AA, Tax Lot 7500, TAXES: $2,087 for the 2022-2023 tax year (please contact Harney County Tax Assessor with any property tax questions), FINANCING: Cash or bank loan financing available for the property, YEAR BUILT: 1924, SQ. FT.: 2,304 sq ft (+/-); single story home with basement, ACREAGE: .34 (+/-) acres, HEAT SOURCE: Heat pump/electric forced air (new 2020), BEDROOMS: 3 bedrooms • Bedrooms have large closets and wood-cased vinyl windows • Main bedroom has carpet flooring while second and third bedrooms have wood floors • One of the bedrooms shows a crack in the ceiling, BATHROOMS: 2 bathrooms • Main bedroom and second bathroom both have single sink vanity, new toilets, newer waterproof vinyl flooring, newer paint • One bathroom has a walk-in shower while the second bathroom has tub/shower combination, KITCHEN: Large workspace Formica counters, lots of wood cabinet space, newer linoleum flooring, access door to the back yard space; the dining room area is located off the kitchen and features wood floor and built-in China cabinet. Appliances include newer refrigerator, dishwasher, electric cooktop, garbage disposal, LIVING ROOM: Open concept living room has original wood floors, decorative fireplace, wood-cased vinyl windows, ceiling fan with lighting, and front door access leading to a covered front porch, LAUNDRY: Located in the basement, the area features storage, electric washer and dryer hookups, wood laminate flooring, and the furnace, BASEMENT: The downstairs basement features four separate rooms, two storage rooms, a larger room that could be used for a variety of purposes, and a laundry room with storage and electric washer and dryer hookups. The flooring in the basement is wood laminate in the laundry area and concrete throughout the remaining area.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1924
MLS Number
11176419
Location
Address
254 S Grand Ave
City
Burns
State
OR
Zip Code
97720
County
HARNEY
Listing
Provider
Jett Blackburn Real Estate Inc., original listing
Name
Jett Blackburn Real Estate Inc.
Phone
(541) 573-7206
Office Name
Jett Blackburn Real Estate Inc.
Office Phone
(541) 413-5660
Agent Name
Colby Marshall

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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.