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16430 S Elwood Avenue
Glenpool, OK 74033
$899,500
Conventional
Property
Bedroom
1
Bathroom
1
Property Type
Conventional
Square ft
900
Property Description
Welcome to your dream farm property in Glenpool, where country living abounds! Nestled on 19.5 acres of native prairie grass and Bermuda, this spectacular property is a haven for horse and livestock enthusiasts. Fully fenced and cross-fenced with pipe fencing and coated cable, and divided into three pastures with run-in sheds, it features a home, a main barn, a storage barn/workshop, a pond, a 60 ft white oak round pen, and two double-sided heated Muraco waterers, with every detail tailored for optimal comfort and functionality. The charming home is the epitome of coziness, featuring a 10 ft x 20 ft covered front porch and an expansive kitchen with a generous island/bar setup, pantry, and ample storage. The bedroom, with its vaulted ceiling, wide closet, and room for a king-sized bed, offers a perfect retreat. The bathroom boasts a tiled shower, spacious counterspace and plenty of storage. There is plenty of room to expand the existing home or build your dream home instead. The attached 900 sq ft garage is a versatile space, fully insulated and equipped with skylights, a 4 ft x 8 ft Family Safe tornado shelter, and abundant storage and workspace. The main barn is a masterpiece, measuring 48 ft x 75 ft x 14 ft, fully insulated, and featuring two 14 ft wide overhead doors. The barn has six oversized custom European stalls (16' by 16') with fans and feeders, each with access to covered paddocks. Additional amenities include a 12 ft x 24 ft tack room, on-demand hot water, and frost-free faucets, stocks and square bale storage. Completing this incredible property is the 21 ft x 36 ft x 12 ft storage barn/workshop, boasting a sealed concrete floor, A/C and heat, a walk-through door, built-in shelving and an overhead door. Conveniently located 1 1/2 miles from Hwy 75, the property has easy access to the Glenpool retail area, nearby Tulsa Hills Mall, and is only 20 minutes to downtown Tulsa. Come enjoy the rural charm on this Glenpool gem.
Property Information
Lot Size
19 acre(s) square ft
Property Type
Residential
Year Built
2015
MLS Number
2416910
Location
Address
16430 S Elwood Avenue
City
Glenpool
State
OK
Zip Code
74033
County
TULSA
Listing
Provider
RE/MAX Life, original listing
Name
RE/MAX Life
Phone
(918) 928-2881
Office Name
RE/MAX Results
Office Phone
(918) 254-0600
Agent Name
Randy Gasswint

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Donaldson Realty Company
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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.