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120 Sportsman Lake Road
Lebanon, KY 40033
$359,900
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
1552
Property Description
Here is a beautiful brick ranch perched on a hillside in the Calvary area overlooking some of the most stunning knob land around! The home offers a warm welcome into the airy living room laid with a woodgrain laminate that glows from the trio of sun-enticing windows and accentuated by the gas fireplace and artisan trim. Flowing from the living room is a delightful eat-in kitchen. The kitchen is souped-up with an assortment of custom cabinetry, smooth granite countertops, and stainless-steel appliances (including a deep double well sink) that shine under an array of recessed lights... Plus a buffet/bar that seamlessly connects the living room to the kitchen. The home features 4 generously sized bedrooms including a spacious primary suite located on its own wing of the home. The primary bedroom is laid with a soothing vinyl plank floor and offers a stately view of the woods while also having a private ensuite bathroom paired with a dressing room. Down the hall is where you will find the other 3 bedrooms sporting that sleek laminate flooring and accompanied by another full bath and a utility room furnished with a handy sink and cabinetry. Outside you will love being able to sprawl out on the 3.58-acre (+/-) spread of land that backs up to the woods and invites all kinds of wildlife (including deer) right in your backyard! And we mean in your backyard literally... there is a salt block in the backyard that regularly brings out deer that prance right by the house! Then family gatherings are getting moved to your place with all the hosting and entertainment this home has to offer from the above ground pool/deck combo to the covered rear patio to the climate controlled detached garage complete with a kitchenette and 1/2 bath! The only thing to do now is call MIKE SPALDING to make this house your home today!
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
1974
MLS Number
11256974
Location
Address
120 Sportsman Lake Road
City
Lebanon
State
KY
Zip Code
40033
County
MARION
Listing
Provider
The Lancaster Agency Inc, original listing
Name
The Lancaster Agency Inc
Phone
Office Name
The Lancaster Agency Inc
Office Phone
(270) 692-6748
Agent Name
Charles Lancaster, Jr

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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.