Home for Sale at 1488 US 68, Xenia, OH 45385

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1488 Us 68
Xenia, OH 45385

Miah Reed with Keller Williams Advisors Rlty, original listing - (937) 848-6255

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Property Details

List Price:	$815,000
Beds:	4
Baths:	Full: 3, ½: 1
Status:	Active
SqFt:	2518 Square Feet
Agency:	Keller Williams Advisors Rlty
Agency Phone:	(937) 848-6255

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	8 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1973
Notes:	You won’t want to miss this must see property! From the moment you pull into the hidden drive you get to admire the beautiful property. This gorgeous brick cape cod sits on 8 acres with a pond, fenced in in-ground pool, large concrete floor pole barn (45x75) with second barn in back for animals or storage (30x36) , and an attached 2 car garage. Inside carries so much charm and character from freshly refinished wood floors, exposed brick in the kitchen, to unique bathroom tiles. This house has 4 large bedrooms and 4 bathrooms, 3 being full baths with a half bath in the mud room! The master bedroom has two large closets, a cozy fireplace, a master bathroom with an attached vanity area. You will never run out of space with large bedrooms, nice closets, two living rooms, and a partial basement that would easily be able to be finished. The kitchen connects one of the living rooms that opens up with french doors to the beautiful sun room where you can admire the property and all the amenities. The pool has a brand new pump and is serviced regularly and ready to be swam in with freshly painted concrete around the pool. You will find updates throughout this home such as new carpet, refinished wood floors, fresh paint, updated bathroom sinks, freshly painted tubs, new toilets, waterproofed basement with lifetime guarantee, brand new water heater, newer furnace and AC units. Schedule your tour with a realtor today, you will not want to miss out on this one of a kind property!!
MlsNumber:	--
ListingId:	915515

Listing Provided By:	Keller Williams Advisors Rlty, original listing
Phone:	(937) 768-8512
Office Phone:	(937) 848-6255
Agent Name:	Miah Reed
Disclaimer:	Copyright © 2024 Dayton Realtors. 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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