Home for Sale at 27261 Regal Ct, Sioux Falls, SD 57108-8364

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27261 Regal Ct
Sioux Falls, SD 57108-8364

Dan Hindbjorgen with Hegg, REALTORS, original listing - (605) 336-2100

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Property Details

List Price:	$1,500,000
Beds:	5
Baths:	Full: 1, ½: 1, ¾: 2
Status:	Active
SqFt:	4490 Square Feet
Agency:	Hegg, REALTORS
Agency Phone:	(605) 336-2100

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	2017
Notes:	This exceptional home offers the perfect blend of indoor comfort and outdoor appeal. Nestled on 1.2 acres in the coveted Arthur Estates development, this stunning walk-out ranch overlooks a private pond and Bakker Crossing Golf Course. The spacious floorplan features 3 main-level bedrooms and 2 basement bedrooms. You’ll love the solid pecan hardwood flooring, custom alder cabinetry, and quartz countertops. The kitchen is equipped with high-end Thermador appliances, a walk-in pantry, and a gas range. Cozy up to fireplaces in the living room, family room, and 3-season covered deck. The primary ensuite and basement bathrooms have heated floors, while the basement includes in-floor heating and bedroom zoned heating. A well-placed laundry/mud room and half bath sit between the garage and kitchen, complete with entry bench and hooks, and cabinets perfect for shoes and everyday items. The covered deck has a gas fireplace and motorized retractable screen, making outdoor enjoyment possible nearly year-round. The home also features custom closet systems, a basement wet bar and wine cellar, an office with built-ins, and abundant storage. The core floor garage provides extra space for yard equipment. Plus, it’s very close to Harrisburg Adventure Elementary School. With its special design and great location, this home is truly one of a kind.
MlsNumber:	--
ListingId:	22407858

Listing Provided By:	Hegg, REALTORS, original listing
Phone:	(605) 338-0060
Office Phone:	(605) 336-2100
Agent Name:	Dan Hindbjorgen
Disclaimer:	Copyright © 2024 Realtor Association of the Sioux Empire 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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