Home for Sale at 7200 Spencer Road, Spencer, OK 73084

7200 Spencer Road
Spencer, OK 73084

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Property Details

List Price:	$694,900
Beds:	4
Baths:	3
Status:	Active
SqFt:	--
Agency:	McGraw REALTORS

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Description/Comments

Lot Size:	25 acre(s)
Property Type:	Residential
Year Built:	1985
Notes:	Escape to the privacy and security of your own wooded paradise. From the moment you drive down the winding drive to the main house, you notice the quiet solitude of your own private oasis. From your covered front porch, you can relax and watch the sunsets as you enjoy the beautiful natural setting. As you enter the front door, you are welcomed by the spacious living area and stone fireplace. The formal dining room at the end opens to a spacious kitchen. Rows of cabinets, large windows looking into back of property. Adjoining family room with see-through fireplace makes for cozy mornings. The hallway leads into the primary suite area with luxurious bathroom features as well as spacious bedroom area.<br /> Downstairs features perfect area for family or guests with wood burning fireplace, kitchenette and <br /> for another large living area with fireplace, kitchen area, dining or game area as well as a climate-controlled wine room.<br /> Insulated Shop (48x24) features, 4 overhead doors. Other out buildings include a 3x9,as well as two other buildings, and fenced garden area.<br /> The property offers and opportunity for expansion opportunities for a home-based business with access to NE 71st. street and well as possible subdividing part of acreage either off Spencer Rd. or NE 71st.<br /> Numerous updates include Roof, 2019, HVAC 2019, Water Tank, 2023, Counters and flooring also were recently updated. <br /> Generac generator is propane. Entire home is OGE electric, Septic System, Well, OKC Trash. <br /> Wonderful opportunity to own a property that offers for much for the price. <br /> Two Oklahoma County Assessor account numbers. 141454750, 141454760.
MlsNumber:	1120291

Listing Provided By:	McGraw REALTORS, original listing
Name:	McGraw REALTORS
Phone:	(405) 348-4422
Office Name:	McGraw REALTORS (BO)
Office Phone:	(405) 348-4422
Agent Name:	Patti Scott
Disclaimer:	Copyright Â© 2024 MLSOK, Inc. 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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