Home for Sale at 14001 Shaker Boulevard, Shaker Heights, OH 44120

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14001 Shaker Boulevard
Shaker Heights, OH 44120

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Property Details

List Price:	$2,950
Beds:	2
Baths:	3
Status:	Active
SqFt:	1606
Agency:	RE/MAX Crossroads

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Description/Comments

Lot Size:	--
Property Type:	Rental
Year Built:	1951
Notes:	Welcome to the left unit of this well-maintained duplex. This property is located a short drive away from local restaurants, parks, and lakes. This unit features 2 half baths, 1 full bath, 2 bedrooms, and in-unit laundry. Upon entrance, you will be greeted by the wood flooring and an additional closet in the foyer. The open-concept floor plan of the first floor allows the living room, sun room, and dining area to flow seamlessly together and provides plenty of room to host friends and family. The sun room boasts wood-paneled ceilings, bright brick walls, and a pass-through window that looks into the kitchen. The chef-ready kitchen comes equipped with granite countertops and built-in cabinetry which provides ample amounts of storage. Upstairs is where you can find the sizable master bedroom with an ensuite half bath, second bedroom and full bath. Both bedrooms have large closets and hardwood flooring. The conveniently placed full bath has a shower tub combo and a single sink vanity. Some exterior features include a large grassy yard perfect for children to play and an attached 2 car garage. The tenant is responsible for all utilities.
MlsNumber:	5030203

Listing Provided By:	RE/MAX Crossroads, original listing
Name:	RE/MAX Crossroads
Phone:	(800) 887-7444
Office Name:	RE/MAX Crossroads Properties
Office Phone:	(440) 331-2870
Agent Name:	Anthony Latina
Disclaimer:	Copyright Â© 2024 MLS Now. 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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