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3204 Judy Lane
North Pole, AK 99705
$599,800
Conventional
Property
Bedroom
6
Bathroom
3
Property Type
Conventional
Square ft
3907
Property Description
Custom Built and secluded Tri-Level Home, could be Single Family, Mother-In-Law, Duplex, Airbnb or VRBO, several income income producing possibilities. Home has an open concept floor Plan with approximately 4,710 square foot of total living space, 3,907 sq ft Finished & 803 sq ft Unfinished. Large open living area with both laminate & tile flooring on the main level. Custom designed kitchen with custom tile counter tops & backsplashs, double ovens, Jenn-Air type gas cook top on the breakfast bar and ample cabinets & storage spaces. Living room with fireplace, open beam tongue & groove cathedral ceiling with custom lighting in both the kitchen & living area, exterior glass door opening to the large covered back deck with a ramp for handicap access, raised office/sitting area and separate private entrance to the downstairs 3 bedroom, 1 full bath, apartment. Upstairs has two large bedrooms with solid wood entry & closet doors, an office/den and full bath with tile flooring. Downstairs is a spacious 3 bedroom, 1 full bath daylight apartment with 1,755 square foot of living space and private entrances from both inside the main home and the outside. Open kitchen & living area, solid wood entry & closet doors, laundry area in the full bath area and tile flooring throughout. There is a nice entrance/sitting area with cathedral ceiling, custom windows and an additional 258 sq ft unfinished room plumbed for a sink & toilet between the main home and large heated 793 square foot double car garage. There is an 228 square foot single car garage on the same level as the apartment under the home, that could be used for the apartment occupants, and a large separate 545 sq ft unfinished work shop area or storage/hobby/exercise room that could possible be accessed from the sitting area between the main house and the double car garage. There is also a roughly 12' X 16' storage shed, space for RV parking and circular driveway. Home was just recently tested and received a 4 Star Plus Energy Rating. New Septic System was also just installed. Home has approximately 3,907 sq ft of Finished Living Area with 803 sq ft of Unfinished Living Area. Seller willing to give Carpet/Flooring or Closing Cost Credit
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
1975
MLS Number
152155
Location
Address
3204 JUDY LANE
City
North Pole
State
AK
Zip Code
99705
County
FAIRBANKS NORTH STAR
Listing
Provider
Gold Standard Real Estate Services, original listing
Name
Gold Standard Real Estate Services
Phone
(907) 978-9545
Office Name
GOLD STANDARD REAL ESTATE SERVICES, LLC
Office Phone
(907) 978-9545
Agent Name
Butch Currier

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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.

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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.