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427872 E 1920 Road
Rattan, OK 74562
$349,900
Conventional
Property
Bedroom
2
Bathroom
2
Property Type
Conventional
Square ft
--
Property Description
Don't miss this new cabin with 83 acres on Rock Creek! This combination property is an amazing two-bedroom cabin built in 2023, with a spacious, full length front porch. This home sits along Rock Creek which flows out of nearby Ozzie Cobb Lake. There is an improved crossing on the creek for easy access to the remainder of the property. A sizeable water hole at the bend of the creek, next to the crossing, making the perfect swimming, wading, or perch fishing spot! But if you want the bigger fish, Ozzie Cobb Lake is less than five miles from the home location! The comfortable, inviting interior of the cabin is finished in wood tones. An open concept living/kitchen area features raised ceilings for optimum roominess. The kitchen boasts beautiful butcher block countertops, and all appliances currently in the home are included. A sliding barn door to the master suite saves space, while adding to the rustic charm. The two bedrooms are on separate ends of the home to allow the most in privacy. Having one and a half baths, this cabin is comfortable enough for a fulltime residence or a luxury for the hunter's or fisherman's getaway! A 20'x12' locking shed with both a walkthrough, and rollup door add to the security of your toys, and adds storage for tools, etc. Other unique features of this home include your own programmable internet tower, a brand new 1,000-gallon rainwater supply system- with filters and pump, deer stands, feeders, and so much more! This is truly a recreational retreat for the avid outdoorsman. Nearby Kiamichi River, Hugo Lake, and Pine Mountain ATV Trails are all major draws to the area, yet this property is in a quiet, private location away from the hustle and bustle. Grocery, fire, police, ambulance, and gambling are all within a short 30-minute drive. Don't forget about being able to reach our own, booming tourist location, Hochatown within 45 minutes! This location truly has much to offer. Covenants apply.
Property Information
Lot Size
83 acre(s) square ft
Property Type
Residential
Year Built
2023
MLS Number
2413423
Location
Address
427872 E 1920 Road
City
Rattan
State
OK
Zip Code
74562
County
PUSHMATAHA
Listing
Provider
Babcock Real Estate, original listing
Name
Babcock Real Estate
Phone
(580) 317-3790
Office Name
Babcock Real Estate
Office Phone
(580) 317-3790
Agent Name
Sharon Smith

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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.