Home for Sale at 10992 Kile Road, Chardon, OH 44024

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10992 Kile Road
Chardon, OH 44024

Karen Barnes with Howard Hanna, original listing - (440) 286-4111

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Property Details

List Price:	$449,999
Beds:	3
Baths:	Full: 2, ½: 1
Status:	Active
SqFt:	1956 Square Feet
Agency:	Howard Hanna
Agency Phone:	(440) 286-4111

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Description/Comments

Lot Size:	5 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1976
Notes:	Welcome home to this idyllic property on 5.50 acres. Located on a long, one third mile private drive off Kile Rd. this charming home offers privacy and seclusion to get away from the busy, outside world. There is plenty of room to enjoy all your favorite activities. The above ground pool with has a large, spacious deck with beautiful landscaping surrounding the pool. The primary suite has sliding glass doors that lead out to a large deck that has stairs down to your pool which is wonderful for enjoying your morning cup of coffee that overlooks your serene backyard. You could also take a lovely morning swim outside your bedroom! There are also two other good sized bedrooms and full bath in the hallway. The kitchen has abundant storage and plenty of counter space. Adjacent to the kitchen is the spacious dining room with sliding glass doors that lead out to the deck and the above ground pool and a cozy area to just sit and relax! This leads into the living room with a insert in the wood burning fireplace. The living room is currently used a the pool/game room. On the other side of the home is the cozy family room with a wood burning stove and a office. This room was originally the garage that was redone into the family room adding approximately 400 extra square feet. The chicken coop stays not the chickens! The detached garage is 24 x 24. The outbuilding is 25 x 50 with a partial upstairs. Approximately two acres of invisible fence for your dog/dogs. Schedule a private tour today! Welcome home!
MlsNumber:	--
ListingId:	11367077

Listing Provided By:	Howard Hanna, original listing
Phone:	(440) 477-3129
Office Phone:	(440) 286-4111
Agent Name:	Karen Barnes
Disclaimer:	Copyright © 2024 My State 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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