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1101 Woodrow Court
Norman, OK 73072
$799,000
Conventional
Property
Bedroom
5
Bathroom
3
Property Type
Conventional
Square ft
--
Property Description
Say hello to Bungalows at the Woods, an enclave of recently built, contemporary homes located only one mile from the University of Oklahoma, Campus Corner, world-class museums, and all that central Norman has to offer. We present to you the first offering of 1101 Woodrow Court, where you will find a large, modern abode, full of industrial-chic finishes like streamlined, custom designed metal-laminate cabinetry, cable railings, two-story ceilings, and more. A large and welcoming front porch and an exceptionally generous screened-in porch with views of Imhoff Creek and a neighborhood trail system counter-balance the sleek modernity of the interior spaces with warmth and a feeling of hospitality. Offering five bedrooms, three bathrooms, a bonus room, an open-concept kitchen, a study, and an attached two-car garage, this home provides an abundance of space for every lifestyle. Additional features such as a safe room, plentiful built-in storage options, a mudroom/laundry, Geothermal energy sources, a LEED Silver certification, and a built-in sound system contribute not only to the functionality of this property, but to the luxury of it as well. At ground level, a thoughtful primary suite is located near the study; a guest suite is across the home for privacy. Upstairs, three bedrooms, a full bath, and a bonus room await. Custom-built by the current homeowner in 2009, every detail of this home was well thought out and attended to. Don't miss your chance to be a part of this exclusive and sought-after community. The Bungalows at the Woods is your next place to call home.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2009
MLS Number
1101891
Location
Address
1101 Woodrow Court
City
Norman
State
OK
Zip Code
73072
County
CLEVELAND (County)
Listing
Provider
Sage Realty Partners, original listing
Name
Sage Realty Partners
Phone
(405) 748-0405
Office Name
Sage Sotheby's Realty
Office Phone
(405) 748-0405
Agent Name
Sarah Jordan

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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.

Free Foreclosure Listings

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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.