Home for Sale at 400 Northhampton Drive, LITTLE ELM, TX 75068

Refine Search

400 Northhampton Drive
Little Elm, TX 75068

« Prev

Property Details

List Price:	$391,990
Beds:	3
Baths:	3
Status:	Active
SqFt:	1931
Agency:	D.R. Horton Homes

Map Details Show Map | Show StreetView

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

Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	--
Notes:	New homes in Little Elm are Now Selling! Welcome to Spiritas Ranch, Now Selling in Little Elm, Texas. A master planned community neighboring Lewisville Lake that spreads across 545 acres of land totaling close to 2100 homesites inviting families and new home buyers to a great new place to call home. With two community centers the amenities are set to be a large resort style pool with a separate splash pad for little ones, a sand volleyball court, an outdoor soccer field, fitness center, walking trials, and more! This community offers easy access to Hwy 380 and FM 720 and is surrounded by retail, restaurants, and the major employment areas of Frisco, Plano, and Denton while also being a 30-minute drive from DFW airport. Situated in the Denton Independent School District, families can send their children to one of the fastest-growing school districts in Texas. An elementary school is also set to be built on sight and is almost at completion. This community is 15 Minutes away from UNT and TWU, two of the top universities in North Texas. We are excited to offer 3, 4 & 5 bedroom plans ranging from 1,931-3,049 square feet on 40 and 50 foot lots.
MlsNumber:	43309+X30F

Listing Provided By:	D.R. Horton Homes, original listing
Name:	D.R. Horton Homes
Office Name:	D.R. Horton - DFW Central
Agent Name:	Grayson Hill - Spiritas Ranch
Disclaimer:	Copyright Â© 2024 D.R. Horton. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Local Real Estate Expert

Gibsy Jones

eXp Realty

Call Today!: (202) 330-1829

Contact Me

USHUD.com on the Go!

Foreclosure Mobile App

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.

HudExchange.com 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

HudExchange.com 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 -