Home for Sale at 6437 EAST ST., Texarkana, AR 71854

6437 East St.
Texarkana, AR 71854

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Property Details

List Price:	$599,900
Beds:	3
Baths:	3
Status:	Active
SqFt:	3059
Agency:	MLM Real Estate

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Description/Comments

Lot Size:	2 acre(s)
Property Type:	Residential
Year Built:	2009
Notes:	Beautiful setting with a custom built by the builder as his personal home. This traditional 3,000+ sq ft home shares 2 acres with multiple shops, sheds, gazebo & an inground pool. Plenty of space for parking or playing. The home has 3 bedrooms, 2 & a half baths, 2 eating areas, 3 living areas counting a sunroom/enclosed patio. The bedrooms are split with 2 guest rooms on the front with a spacious guest bath with jetted tub. The main bedrooms is roomy and has a private bath with jetted tub & walk-in shower, double sinks, 2 walk in closets, one of them is cedar lined, plus a 3rd smaller closet. The central living area has a fireplace and plenty of room for any family gathering. One of the other living areas served as an office but has a closet if you needed it as a 4th bedroom. There are 2 HVAC units & 2 water heaters (one is a tankless for the 2 full baths). The kitchen has a breakfast area with a built-in for extra dishes. There is a breakfast bar area, tons of storage & counter work space, a great little spot for your coffee bar. Great lighting in the kitchen with a skylight. The laundry room is super size with space for a folding table or hanging bar, there is a sink & a good amount of storage. You can access the garage from the laundry room or from the office area. There are beautiful wood floors throughout most of the home. Ceramic tile floors in wet areas (kitchen, laundry, baths). Pool is approx 16 x 32, 36 x 32 shop, detached garage is 990 sq ft
MlsNumber:	114490

Listing Provided By:	MLM Real Estate, original listing
Name:	MLM Real Estate
Office Name:	Griffin Realtors
Office Phone:	(870) 774-6101
Agent Name:	Sarah Sealy
Disclaimer:	Copyright Â© 2024 Texarkana Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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.

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.

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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing