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811 Otto Drive
Allen, TX 75013
Michelle Jones with Coldwell Banker Apex, REALTORS, original listing - (972) 727-3377
$899,900
Conventional
Property
Bedroom
4
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
3514 Square Feet
Property Description
Located on one of the largest lots in The Villages of Twin Creeks, this two-story home has over $150K in upgrades.Hardwood floors on most of the bottom level except for the primary bedroom and wet areas.Eight foot solid wood doors downstairs. Plantation shutters throughout. 4 bedrooms, 3 living areas and a study. A curved staircase is the focal point of the entry. Study with french doors is located off of the entry. The two story family room is light and bright, has a ceiling fan and is completely open to kitchen and dining area. The kitchen includes Alder cabinets go up to the ceiling above the 5 burner gas cooktop. Large island and walk in closet.There is a half bath down as well as another room with a built-in desk.Primary bedroom is spacious with upgraded patterned carpet, tray ceiling.The bath features an oversized, walk-in shower with pebble base and granite seat.There are two primary walk in closets with off season rods. Upstairs are 3 bedrooms, a large gameroom and media room. There are two full baths upstairs - one is a jack and jill. The oversized backyard features an extended patio. Hot tub and firepit remain.Lovely landscaping, wrought iron fence. The garage has epoxy flooring. Beautiful home and ready for move-in.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2016
MLS Number
--
Location
Address
811 Otto Drive
City
Allen
State
TX
Zip Code
75013
County
COLLIN County (WEST)
Listing
Name
Phone
(214) 280-9384
Office Name
Office Phone
(972) 727-3377
Agent Name
Michelle Jones
Agency Phone
(972) 727-3377

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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.