Home for Sale at 4021 INDIAN RUN DR, Baton Rouge, LA 70816

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4021 Indian Run Dr
Baton Rouge, LA 70816

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Property Details

List Price:	$369,990
Beds:	3
Baths:	3
Status:	Active
SqFt:	2327
Agency:	Keller Williams Red Stick Partners

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1985
Notes:	Welcome to your stunning retreat in the serene White Oak Commons subdivision! This extraordinary multi-level home offers a plethora of features to elevate your living experience. Revel in the spacious kitchen adorned with a stylish island and gleaming stainless steel appliances. The master suite, conveniently located downstairs, boasts high ceilings for an airy ambiance. With a 2-car enclosed garage, convenience is at your fingertips. Step outside to the patio and immerse yourself in the tranquil surroundings, enjoying a picturesque view of the pond in the backyard. Unwind in the luxurious master bathroom, complete with a rejuvenating soaking tub. Plus, rest assured knowing you're prepared for any Louisiana weather with the added security of a home generator. Don't miss the opportunity to call this beautiful abode your own!
MlsNumber:	2024002480

Listing Provided By:	Keller Williams Red Stick Partners, original listing
Name:	Keller Williams Red Stick Partners
Phone:	(225) 768-1800
Office Name:	Keller Williams Realty Red Stick Partners
Office Phone:	(225) 768-1800
Agent Name:	Matt Bruno
Disclaimer:	Copyright Â© 2024 Greater Baton Rouge Association 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.

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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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