Home for Sale at 207 Pinewood Park, Jefferson, SD 57038

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207 Pinewood Park
Jefferson, SD 57038

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Property Details

List Price:	$829,000
Beds:	3
Baths:	2
Status:	Active
SqFt:	2305
Agency:	Century 21 ProLink

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	2024
Notes:	This home is under construction on one of the final lots in Wynstone. Completion date 8\15. This 3 bedroom, 2 bathroom, 3 car garage home sits on a 1 acre lot on a cul de sac with a neighborhood park nearby. From the back yard you can see and enjoy the fountain that is at the entrance to Wynstone. No homes to the back of the home. Sod and sprinklers to be completed front, sides and 150` of the back yard. The home is at sheetrock stage. There will be 10 foot ceilings and engineered wood floors in main floor living spaces. Living room will have electric fireplace and large windows with view of back yard. Dining area will have slider to covered concrete deck. Conveniently located off dining\kitchen is a pocket office. The kitchen will have custom cabinets, quartz counters, island, 5 x 9 pantry and all appliances will be included. Off the garage is a mudroom and laundry room. This is a split bedroom plan. The master bedroom will have carpet and a pop up ceiling. The master bathroom will have in floor heat, freestanding tub, double vanity, toilet room and walk in shower. From the walk in closet, you can access the laundry room. The other 2 bedrooms will have carpet and double closets. A full bathroom with tub\shower combo serves these bedrooms and guests. The lower level is unfinished and has 3 nice daylight windows and is plumbed for a bathroom and wet bar. Open enrollment available to Dakota Valley Schools...
MlsNumber:	824737

Listing Provided By:	Century 21 ProLink, original listing
Name:	Century 21 ProLink
Phone:	(712) 224-2300
Office Name:	Century 21 ProLink
Office Phone:	(712) 224-2300
Agent Name:	Barb Maxon
Disclaimer:	Copyright Â© 2024 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing