Home for Sale at 1030 White Oak Drive, Plainfield, IN 46168

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1030 White Oak Drive
Plainfield, IN 46168

Mike Stailey with RE/MAX Centerstone, original listing - (317) 272-5002

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Property Details

List Price:	$469,900
Beds:	4
Baths:	Full: 2, ½: 1
Status:	Active
SqFt:	3161 Square Feet
Agency:	RE/MAX Centerstone
Agency Phone:	(317) 272-5002

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Description/Comments

Lot Size:	0 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	2004
Notes:	This Larry Good custom built home offers a great value! The home is being offered at a great value and at a price per square foot that well below the average price per square foot for the last 5 homes that have sold in the Oak Park subdivision! Value is apparent! Home is custom built with high quality materials such as doors, Pella Windows and Patio Door, and high end interior trim. This well maintained custom-built home offers nearly 3200 square feet, this 4-bedroom, 2.5-bath gem features a large entryway, solid wood doors, and beautiful interior trim including crown molding throughout. The spacious great room, measuring 20x15, is open to the kitchen area and includes a custom mantel. The primary suite is large, offering an 18x14 bedroom, oversized walk-in closet, jetted tub, separate shower, and dual vanity. All bedrooms are very spacious and contain walk-in closets. The upper level includes a loft and a separate 244 square foot bonus room! The large kitchen features a center island perfect for food prep and entertaining. The finished oversized 798 square foot 3 car garage includes a workshop or storage area. The home offers a living room and a formal dining room. Located in a quiet neighborhood within the highly sought-after Plainfield School System, this beautiful property also boasts an open patio with a motorized awning, a koi pond, and a spacious covered front porch. Close to shopping, restaurants, and I-70, this move-in ready home is a must-see.
MlsNumber:	--
ListingId:	21978360

Listing Provided By:	RE/MAX Centerstone, original listing
Phone:	(317) 508-8880
Office Phone:	(317) 272-5002
Agent Name:	Mike Stailey
Disclaimer:	Copyright © 2024 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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.

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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