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604 Bayless
Wister, OK 74966
$199,000
Conventional
Property
Bedroom
2
Bathroom
2
Property Type
Conventional
Square ft
1849
Property Description
Discover the gem of 604 Bayless Street, Wister, OK – an exquisite custom-built two-story home set on over 3 acres of pristine land. Large open concept kitchen/ dining area perfect for preparation of family meals and dining. Behold Sugarloaf Mountain's sunrises that grace this remarkable property. A mere 3 miles from the renowned Lake Wister State Park, this haven is a paradise for outdoor enthusiasts. This charming two-bedroom, two-bathroom residence seamlessly marries natural beauty with modern comforts. The convenience of a spacious 2-car garage, large permanent carport on a concrete slab located next to the home, coupled with an expansive covered rear deck and outdoor cooking area with built in grill guarantees relaxation and entertainment at its finest. As the deck overlooks the landscape and the beautiful Rock Creek is on the eastern boundary, where deer are seen most days, every meal and gathering is imbued with enchanting views. There is enough land for your dogs to play and even have horses. Cedar Lake and Equestrian Camp is only about 30 minutes away. Safety and preparedness are paramount, evident in the in-ground storm cellar that provides peace of mind during adverse weather. There is a fully fenced backyard, adorned with majestic, mature shade trees. The property's durability is further accentuated by a protective metal roof and gutters. Experience a lifestyle of versatility – with the addition of RV and boat storage, huge front yard, the home sits far enough off of the road for kids to play safely, a garden spot, and ample mature shade trees, this property caters to every desire. Imagine cultivating your garden, lots of covered storage for vehicles, equipment, and even your prized RV and boat. There is a matching out building beside the house that has been used as an extra bedroom, and the bedroom upstairs has an area behind French doors has also been used for an additional bedroom as well, it has a magnificent view to the front yard.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
1988
MLS Number
1066921
Location
Address
604 Bayless
City
Wister
State
OK
Zip Code
74966
County
LE FLORE
Listing
Provider
Shockley-Cooper Realty & Auctions, original listing
Name
Shockley-Cooper Realty & Auctions
Phone
(918) 564-2299
Office Name
Shockley-Cooper Realty & Auctions
Office Phone
(918) 564-2299
Agent Name
Monte Shockley II

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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.