Home for Sale at 13480 Walking Stick Lane, Chardon, OH 44024

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13480 Walking Stick Lane
Chardon, OH 44024

Alec Roman with Howard Hanna, original listing - (330) 702-8400

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Property Details

List Price:	$825,000
Beds:	3
Baths:	Full: 2, ½: 1
Status:	Active
SqFt:	4711 Square Feet
Agency:	Howard Hanna
Agency Phone:	(330) 702-8400

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Description/Comments

Lot Size:	3 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	2008
Notes:	Welcome to your dream home with endless possibilities. Sitting on 3 acres this beautiful ranch and property has something for everyone. Whether you are looking for a finished garage or an entertainment room or a patio out back, this home provides plenty of opportunities to get away from the busy and outside world so you can sit back and relax. From the moment you walk thru the front door, you'll be greeted by a spacious and inviting atmosphere, perfect for both relaxing and entertaining. With an open-concept living area, the main living space flows seamlessly thru the heart of the home. With a kitchen featuring custom cabinets, granite countertops and center island this is ideal for culinary creativity. The primary bedroom offers a picturesque view out the back with a sliding glass door to the deck. Two additional spacious bedroom and full bathroom are down the hall. Off the kitchen, is a large mudroom or office with staircase to the basement. Oversized two car garage. Exiting from the rear of the garage features a separate 1,200+ sq ft entertainment room, complete with a full kitchen, wine room, half bath and barn style doors leading out to a second deck. Full basement is partially finished. Primary residence comes with home generator. Give us a call today to see this home and what awaits for you at 13480 Walking Stick Lane.
MlsNumber:	--
ListingId:	11366922

Listing Provided By:	Howard Hanna, original listing
Phone:	(330) 360-6098
Office Phone:	(330) 702-8400
Agent Name:	Alec Roman
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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