Home for Sale at 309 Iowa Avenue, Lake Arthur, LA 70549

309 Iowa Avenue
Lake Arthur, LA 70549

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Property Details

List Price:	$295,000
Beds:	3
Baths:	3
Status:	Pending
SqFt:	2210
Agency:	Flavin Realty Inc

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	1914
Notes:	Prepare to be Amazed!! Driving by this adorable turn of the century farmhouse, which by the way, is located on over 5 city lots, your thoughts may be focusing on the overall charm this property exudes. A beautiful Oak tree shades an entire side of the front yard area and the inviting front porch is ready for set of rockers or a swing to accommodate your morning coffee rituals. Once inside you will be absolutely in love with renovation updating of every nook and cranny, from top to bottom. Completely redone Electrical and plumbing system will give new buyer peace of mind knowing this has all been taken care of. 12 ft ceilings and original pine flooring features keep the original integrity of this home intact. The cozy living area features a gas fireplace perfect for those chilly winter nights. Stepping into the kitchen area, you immediately admire the oversized island with quartz countertop that is this rooms centerpiece. Gorgeous cabinetries surround the space, which boasts a built in gas cooktop, built in oven and microwave, as well as a dishwasher and farm style sink. Storage space is not lacking here, as you can enjoy the benefits of a generous oversized pantry. The primary bedroom is joined by a totally updated bath with a very nice sized walk-in closet. Off the kitchen area you will find the other two bedrooms which share a jack and jill bathroom. There is also a half bathroom located off of the kitchen which will certainly accommodate guests. Step out of the back door onto your screened in porch where you can enjoy entertaining family and friends. The majority of the backyard is fenced, and the seller has a dirt pad ready to go for your future workshop. The home is located in flood zone X; rest of property in AE.
MlsNumber:	SWL23004209

Listing Provided By:	Flavin Realty Inc, original listing
Name:	Flavin Realty Inc
Phone:	(337) 478-8530
Office Name:	FLAVIN REALTY
Office Phone:	(337) 478-8530
Agent Name:	NANCY CORMIER
Disclaimer:	Copyright Â© 2024 Greater Southern MLS. 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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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