Home for Sale at 719 W Platinum, Butte, MT 59701

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719 W Platinum
Butte, MT 59701

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Property Details

List Price:	$229,000
Beds:	1
Baths:	1
Status:	Active
SqFt:	1616
Agency:	EXP REALTY LLC

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1915
Notes:	Discover the charm of 719 West Platinumâ€”, a well-maintained bungalow nestled in the heart of Butte, MT. This adorable abode boasts one cozy bedroom, complemented by a convenient bath featuring a classic clawfoot bathtub, perfect for unwinding after a long day. Step inside and be captivated by the gorgeous details that make this house a home. The warm embrace of the fireplace creates an inviting atmosphere, while the sunny enclosed front porch serves as an idyllic spot for morning coffee or a serene reading room. The newer stackable washer and dryer add a touch of modern convenience, ensuring that this property is as functional as it is enchanting. Spacious bonus room can be used as a second bedroom/guest room, office, or craft room. The possibilities are endless! <br /> This property is surrounded by a vibrant backyard that flourishes with Russian sage, tulips, valerian root, and many other plants. The backyard firepit promises delightful evenings under the stars, and the spacious basement offers ample extra storage. Additionally, the garage provides a secure area for all your toys and tools or an additional space for creative endeavors.<br /> Location is key, and this home is ideally situated close to the hospital and Steele Park! Seize the opportunity in this delightful property, where every detail is a testament to the care and attention it has received.<br /> Be sure to check out the 3D tour
MlsNumber:	392976

Listing Provided By:	EXP REALTY LLC, original listing
Name:	EXP REALTY LLC
Phone:	(406) 578-4399
Office Name:	eXp Realty, LLC
Office Phone:	(406) 578-4399
Agent Name:	Nikki Corr
Disclaimer:	Copyright Â© 2024 Big Sky Country MLS. 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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