Home for Sale at 401 Taylor Road, Independence, KS 67301

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401 Taylor Road
Independence, KS 67301

Cynthia White with Bill White Realty, original listing - (620) 331-7060

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Property Details

List Price:	$405,000
Beds:	4
Baths:	Full: 2, ½: 2
Status:	Active
SqFt:	5498 Square Feet
Agency:	Bill White Realty
Agency Phone:	(620) 331-7060

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Description/Comments

Lot Size:	0 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1982
Notes:	This home is located across from #16 tee box in the Independence Country Club. It has been very well maintained with plenty of updates and added features. Fully equipped gourmet kitchen with state-of-the-art stainless-steel appliances including a 36" cooktop, range hood, oven mounted in island, and pot filler above cooktop. Kitchen island seats dinner for eight along with a breakfast area that will seat up to six to eight. Kitchen has plenty of kitchen cabinets including a pull-out pantry. Large laundry with extra storage and utility sink right off of the kitchen. The music room located just off of the kitchen would make a great office, hobby area, or a 4th bedroom. There is also a half bath off the kitchen and laundry. Spacious formal/dining area. Kitchen/family room combo has a fireplace. Primary bedroom and bath are on the main floor and the bath is mobility accessible and is all new earlier this year. Double vanities, full shower with three shower heads including a rain shower head. Bath also has a skylight that is controlled with a remote. Upstairs features two spacious bedrooms, full bath that is recently updated, and a great living area for family time or office space. There are walk-in attics off each side of the upstairs living space including a cedar closet. Basement is large with a LOT of storage, workroom, work area, and a walk-out area with a garage door to store lawnmowers or golf carts. Additional storage outside for garden tools, etc. Full shutoff valves for gas and water are in the basement. Property is located on a large corner lot with a gorgeous view.
MlsNumber:	--
ListingId:	2521609

Listing Provided By:	Bill White Realty, original listing
Phone:	(620) 331-7060
Office Phone:	(620) 331-7060
Agent Name:	Cynthia White
Disclaimer:	Copyright © 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.

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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing