Home for Sale at 1107 S Clinton Avenue, Alexandria, IN 46001

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1107 S Clinton Avenue
Alexandria, IN 46001

Raylene Webb with eXp Realty, LLC, original listing - (812) 734-6048

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Property Details

List Price:	$89,995
Beds:	4
Baths:	Full: 2
Status:	Active
SqFt:	2077 Square Feet
Agency:	eXp Realty, LLC
Agency Phone:	(812) 734-6048

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	0 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1959
Notes:	Welcome to your potential new home in charming Alexandria, Indiana! This spacious house is ready for some TLC and your personal touch. With 2,077 square feet of living space, you'll find plenty of room to spread out and make memories. This cozy abode boasts four bedrooms. Two bathrooms ensure no morning traffic jams when everyone's getting ready. The large fenced-in yard is a dream come true for furry friends alike – imagine the barbecues and backyard games you could host! Need a spot for your car or a workshop? The detached garage has got you covered. And let's talk about location – while you'll enjoy the perks of small-town living, bigger cities and shopping centers are just a short drive away. It's the best of both worlds! Speaking of small-town charm, don't forget to treat yourself to a frosty mug at the local root beer stand or indulge in a scoop (or two) of ice cream at Dortee's. Trust us, your taste buds will thank you! Now, we won't sugarcoat it – this house needs some elbow grease. But hey, that's just another way of saying it's full of potential! With a little love and effort, you could transform this diamond in the rough into your dream home. So, if you're ready to roll up your sleeves and create something special, this might just be the place for you. Come see it for yourself and let your imagination run wild with the possibilities!
MlsNumber:	--
ListingId:	202433671

Listing Provided By:	eXp Realty, LLC, original listing
Phone:	(260) 715-2765
Office Phone:	(812) 734-6048
Agent Name:	Raylene Webb
Disclaimer:	Copyright © 2024 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. 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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