Home for Sale at 1333 Forest Ridge Court NE, Swisher, IA 52338

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1333 Forest Ridge Court Ne
Swisher, IA 52338

Daniel Seda with COLDWELL BANKER HEDGES, original listing - (319) 378-8760

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Property Details

List Price:	$589,500
Beds:	4
Baths:	Full: 3
Status:	Active
SqFt:	2921 Square Feet
Agency:	COLDWELL BANKER HEDGES
Agency Phone:	(319) 378-8760

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Description/Comments

Lot Size:	0 sqft
Property Type:	Residential-Other
Year Built:	2019
Notes:	This custom-built condo by Sattler Homes is nestled on a quiet cul-de-sac with hard-surface roads, conveniently located in the Corridor; just 15 minutes from Cedar Rapids or Iowa City. The property backs up to a beautiful, wooded area, perfect for enjoying local wildlife, including deer, turkey, and a variety of birds. The open floor plan features high-volume ceilings, zero-entry access, and a split-bedroom layout. The front bedroom can easily double as a home office, while the main living area flows seamlessly into a modern, white kitchen with soft-closed cabinetry, tall upper cabinets, upscale Quartz counters, and a large island ideal for baking and entertaining. Top of the line appliances included with built in oven, microwave and gas cook top. The oversized pantry adds both convenience and storage. Luxury flooring runs throughout the home, and the four-season room, with its many windows and gas fireplace, offers tranquil views of the trees and the fenced yard—a great setup if you have pets. Maintenance free deck. Downstairs, the walkout lower level includes two additional bedrooms, a bathroom, a wet bar, and a spacious rec room that opens onto a covered patio surrounded by mature trees. This home blends modern amenities with a peaceful, nature-rich setting.
MlsNumber:	--
ListingId:	2407775

Listing Provided By:	COLDWELL BANKER HEDGES, original listing
Phone:	(319) 367-8760
Office Phone:	(319) 378-8760
Agent Name:	Daniel Seda
Disclaimer:	Copyright © 2024 Cedar Rapids Area Association 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.

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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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