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703 Old Turnpike Rd
Sutton, WV 26601
Wyndi Yanero with Central WV Real Estate, LLC, original listing - (304) 462-5997
$295,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
--
Property Description
This three bedroom, two bath split-level home sits on three lots just outside Sutton city limits. The home was originally built in 1950, with several additions and upgrades made from 1988 to 2023. The living room boasts of hardwood floors, wired surround-sound, a beautiful cherry ceiling with sun-lights, and rock accents on four walls. Three of the rock walls surround the space for the wood stove. From that same area, you can exit the french doors onto the newly paved patio to relax in back yard, which is fenced in for your privacy. This yard also has a large dog-kennel, and just beyond one of the two gates is additional parking spaces, as well as a basketball hoop/area for the kids. From the kitchen you can access a newly finished 30'x12'covered deck. All three bedrooms are located on the main level. The master-bedroom-suite is located down the hall from the kitchen, near the laundry room. The other two bedrooms are on the opposite side of the home. The staircase to the basement leads you to a walk-out family room, a cellar, an unfinished canning kitchen, and a spacious two-vehicle garage. The home is equipped with a twelve-gun fireproof safe bolted into the floor, and a small hidden safe built into the wall. There's a large attic for storage accessed through the laundry room. You'll never have to stress about a power outage because the home is equipped with a whole-house Generac generator. New Pella windows, new siding and a newly completed french drain around the home. City water and private septic, but city sewage is available as well. There's a detached garage located in front yard next to the road, giving you additional space to park, store lawn equipment, etc. Priced at $295,000.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
--
MLS Number
--
Location
Address
703 Old Turnpike Rd
City
Sutton
State
WV
Zip Code
26601
County
BRAXTON
Listing
Name
Phone
(304) 765-2255
Office Name
Office Phone
(304) 462-5997
Agent Name
Wyndi Yanero
Agency Phone
(304) 462-5997

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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.