Home for Sale at 1 L Street, Lake Lotawana, MO 64086

1 L Street
Lake Lotawana, MO 64086

« Prev

Property Details

List Price:	$1,100,000
Beds:	5
Baths:	4
Status:	Active
SqFt:	4282
Agency:	Keller Williams Realty Platinum Partners

Map Details Show Map | Show StreetView

Warning: Invalid argument supplied for foreach() in /var/www/allhud/templates/importanthomescyphersvideo/html/com_propertylist/details/default.php on line 469

Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	1980
Notes:	Find peace with nature and the world is your oyster with this expansive 1.84 acre property. Nestled in a small inlet off the main body of the lake this 5 bedroom 4 bathroom lake home has so much to offer for the entire family plus their friends! Upon entering you are greeted with large open ceilings. A living room to entertain the masses featuring wooden beams, high ceilings, wooden floors, a fireplace, plus an original wet bar! A chefs kitchen with multiple ovens and a gas cook top. Plenty of counter top space, plus a walk in pantry. Donâ€™t forget the private BBQ deck. Formal dining that houses a large table for holidays and an eat in kitchen for those quick mornings. The breathtaking view of the lake from the master suite is incredible. With a walk-in closet, vaulted ceilings, plenty of natural light and a full bathroom including a jacuzzi tub, who would want to leave. Each additional bedrooms are large enough for multiple beds in each room! Enjoy the views of Lake Lotawana from multiple level decks and impressive windows from almost every room in the house. Every inch of extra space has been converted to storage. Need even more storage? An insulated 40x40 shop with multiple garage doors and a loft is attached. This home features a single well dock, a boat lift and a shore station for additional boat parking, plus a large swim dock. Ask Listing Agent for more details.
MlsNumber:	2432911

Listing Provided By:	Keller Williams Realty Platinum Partners, original listing
Name:	Keller Williams Realty Platinum Partners
Phone:	(816) 525-7000
Office Name:	Keller Williams Platinum Prtnr
Office Phone:	(816) 525-7000
Agent Name:	Tommy Needles
Disclaimer:	Copyright Â© 2024 Heartland Multiple Listing Service. 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.

AllHud.net is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

AllHud.net is an Equal Housing Opportunity

- Pat. 7,813,958 - Pat. 7,958,007 - Pat. 8,046,258 - Pat. 8,073,737 - Pat. 8,190,476 - Pat. 8,195,514
- Pat. 8,306,856 - Pat. 8,412,576 - Pat. 8,510,165 - Pat. 8,825,527 -

Property Details

Map Details Show Map | Show StreetView

Description/Comments

Local Real Estate Expert

USHUD.com on the Go!

HUD Foreclosures

Foreclosure Listings Increasing