Home for Sale at 1713 E Elm Street, New Albany, IN 47150

1713 E Elm Street
New Albany, IN 47150

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Property Details

List Price:	$339,900
Beds:	5
Baths:	3
Status:	Active
SqFt:	3108
Agency:	RE/MAX FIRST

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1929
Notes:	Restored 1929 2 Story home in the heart of New Albany. This 1929's home has a "Colonial Revival" flair, with a modern open floor plan. Main level offers Primary Bedroom with private ensuite. The center room can be designed as a library, office, or bedroom. Large kitchen - living room area is super inviting for family & friends. The laundry room across the back of house, has room for your washer & dryer - plus refrigerator & freezer too. It's gigantic. Convenient half bath is perfectly placed off laundry room, for guest inside & out in the backyard. Second floor offers, potential 3 bedrooms and full bathroom. Currently staged with 2 bedrooms & 2nd floor family room-storage closet. But you decide. Second floor full bathroom is one you just have to see!! Soaking tub & huge tiled shower on both levels. Pick which floor you want primary bedroom on. If that isn't enough, the basement has finished square footage for storage or playroom. Backyard is large, completely fenced in, and has a surprise detached garage you weren't even expecting! Come out & see for yourself all the possibilities! Seller is licensed Realtor in Indiana.
MlsNumber:	202408656

Listing Provided By:	RE/MAX FIRST, original listing
Name:	RE/MAX FIRST
Phone:	(812) 283-4778
Office Name:	RE/MAX FIRST
Office Phone:	(812) 283-4778
Agent Name:	Angela L Bauer
Disclaimer:	Copyright Â© 2024 Southern Indiana REALTORS Association. 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.

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or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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