Home for Sale at 7505 E Old Maple Avenue, Terre Haute, IN 47803

7505 E Old Maple Avenue
Terre Haute, IN 47803

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Property Details

List Price:	$389,900
Beds:	3
Baths:	3
Status:	Active
SqFt:	2547
Agency:	Remax Real Estate Associates

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	1953
Notes:	Have you ever wanted a nice ranch style home close to town but also a park like setting, look no further! The park-like exterior includes an inground salt water pool (chlorinator is 1 year old and electric pool cover is new), pool house with toilet and storage, basketball court, play set, covered shelter, firepit area, open deck, shed and a koi fish pond. The detached two car garage has a workshop with heater(never used), roof is a 50 year roof put on in 2022 and lots of storage. This home has three bedrooms, might be able to go back to four. Third main level bedroom was converted to a large laundry room which is great but if you need additional bedrooms it could go back to the basement. Large rooms with quality wood floors and wood trim throughout. The Living Room boosts a marble gas log fireplace, bay window and inlaid hardwood floors. The eat-in Kitchen includes the gas stove, refrigerator, microwave, and dishwasher with breakfast bar and room for a small table as well. The Master Bedroom is 25 X 25 (625 sq ft) with a large walk-in closet and wonderful bathroom with double sinks and a walk-in glass block shower. The basement is a great space for extended family with the 3rd bedroom and/or Family Room, semi-finished Kitchenette and full bathroom. Extras in this home include: rented water softener, reverse osmosis system, two water heaters, perimeter drain and sump pump, tornado shelter closet, wired fire alarms and wired for a generator. Whether a growing family or downsizing this home has so much to offer, call to make an appointment today.
MlsNumber:	103588

Listing Provided By:	Remax Real Estate Associates, original listing
Name:	Remax Real Estate Associates
Phone:	(812) 235-4433
Office Name:	REMAX R.E.A.
Office Phone:	(812) 235-4433
Agent Name:	LETITIA BENNETT
Disclaimer:	Copyright Â© 2024 Terre Haute Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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