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1123 North 19th Street
Allentown, PA 18104
$380,000
Conventional
Property
Bedroom
5
Bathroom
3
Property Type
Conventional
Square ft
1820
Property Description
Rare opportunity to own this TWIN in highly desired Allentown West, about 2800 sqft of living space, and the same size lot adjacent to it. Welcome to this totally renovated beauty, 5 bedrooms, 3 full bath, finished basement (with a room), finished loft, 2 car garage, 2 car on driveway. Enter the home to original hardwood flooring, covered porch/morning room, so many windows to brighten the space and a wood burning fireplace to warm your soul in winter. A spacious living area and continue on through the accordion French doors into the formal dining room. Follow through to the kitchen, granite countertops, and quaint breakfast nook where you can imagine yourself enjoying your morning coffee. On the 2nd floor, you will find 3 spacious bedrooms, a full bath, access to the 3rd floor with plenty of storage and another bedroom kind setup. Fully finished basement with a bedroom and full bath and more storage of office. The outdoor space is a private fenced backyard, a same size lot for your outdoor activities, all you need for entertainment for the family and you will never run short of room for hosting gatherings and social occasions. Central air conditioning, sunroom on the first floor and enclosed balcony on the 2nd. Walking distance to restaurants and local attractions! Book your showing through showing time!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1926
MLS Number
734899
Location
Address
1123 North 19Th Street
City
Allentown
State
PA
Zip Code
18104
County
LEHIGH
Listing
Provider
Keller Williams Real Estate, original listing
Name
Keller Williams Real Estate
Phone
(610) 435-1800
Office Name
Keller Williams Real Estate
Office Phone
(610) 435-1800
Agent Name
Ravi Dhingra

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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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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.