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335 Baker Lane
Altoona, PA 16601
$249,900
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1996
Property Description
DRASTICALLY REDUCED!!! NEW PRICE $249,900!! Priced well below a recent appraisal! Welcome to this well maintained ranch home in the lovely Beverly Hills section of Altoona, Logan Twp. As you walk in the front door, the first thing you will notice is the beautiful sandstone wood burning fireplace and the hardwood floors in both the living room and the dining room. The owner just had the wallpaper boarder removed from the LR and DR and both rooms had the walls and ceiling freshly painted. The living room opens to the dining room and they both have new bay windows to bring in lots of light and offer great views. The kitchen has been updated and has new patio doors to the decks and heated pool. There is an awning for the deck that is stored at Lingenfelter's in Duncansville and they put it up every year and take it down in the late fall. The seller is leaving the kitchen/table bar that has extra storage on one side and an extra leaf for added seating. The bar stools stay too. There is also a pantry in the kitchen that gives plenty of storage for food or small appliances. All of the bedrooms have hardwood floors and nice sized closets. Both of the bathrooms have been updated with the master bath having a shower and the hall bath has a tub/shower combo. The basement has a large finished area for family fun and an extra bonus room that is used as a fourth bedroom but can be an office, playroom, craft room or what ever your family needs it to be. The large laundry room has a closet for storage and the washer/dryer and freezer stay. Outside you will find a large deck with an awning off of the kitchen for picnics and an attached deck around the pool for lots of summer fun. The vinyl fence was just added last summer for privacy. There is plenty of off street parking for family and friends that come by for a swim or hollidays. The coverd front porch is a great place to relax after a long day. The single garage is very deep and can hold two cars end on end. There is plenty of storage and room for a workshop in the back of the garage. This home is very close to Penn State Altoona, the Altoona hospital and Juniata Gap Elementary school. Beverly Hills is a very nice neighborhood in the Logan TWP area of Altoona. The seller mistakenly stated in the Seller Disclosure that the roof was put on in 1965 and on another place she stated 1979. We found paperwork stating the roof was put on in spring of 2003 using 30 year shingles. The roof is in excellent shape. Schedule a showing today!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1965
MLS Number
74160
Location
Address
335 Baker Lane
City
Altoona
State
PA
Zip Code
16601
County
BLAIR
Listing
Provider
RE/Max Results Realty Group, original listing
Name
RE/Max Results Realty Group
Phone
(814) 935-6049
Office Name
Re/max Results Realty Group
Office Phone
(814) 946-9355
Agent Name
Debbie Griswold

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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.