Home for Sale at 2107 Beech Street, Texarkana, AR 71854

2107 Beech Street
Texarkana, AR 71854

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Property Details

List Price:	$465,000
Beds:	4
Baths:	4
Status:	Active
SqFt:	4698
Agency:	MLM Real Estate

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1940
Notes:	Follow the red-brick road to an iconic Texarkana home! This cedar shake historical beauty is the ideal space for entertaining groups of friends, working from home, relaxing outside, and anything else a homeowner might want! Sprawling over more than 4,000 square feet, this two-story Early American features numerous spaces to unwind. The large living room features a fire place and a space big enough for all your furniture, and is accompanied by the downstairs study complete with built-in bookshelves. Around the corner, the den gives a more private space to kick back and relax. The formal dining is spacious enough to host large dinner parties, while the eat-in kitchen has ample room to prepare and store dishes. The bedroom downstairs could serve as a second primary bedroom as it is complete with a full on-suite bathroom, and access to the back porch. As you go upstairs, don't miss the half bath located conveniently under the staircase. The second floor houses two guest bedrooms separated by their own full bathroom. Across the way is the nicely sized primary suite. The large walk-in closet, claw-foot tub, and stand-alone shower are enough to make this suite complete, but the true bonus is the attached office space that leads out to the rooftop deck that truly make it stand out! The backyard courtyard is built for parties! The covered patio has room for a comfortable sitting space next to the hot tub. Even the garage is special with its upstairs bonus room complete two closets, and enclosed storage rooms on either side. Schedule to see this showstopper today!
MlsNumber:	114461

Listing Provided By:	MLM Real Estate, original listing
Name:	MLM Real Estate
Office Name:	Better Homes & Gardens Real Estate Infinity
Office Phone:	(903) 306-1454
Agent Name:	Amanda Ables
Disclaimer:	Copyright Â© 2024 Texarkana Board 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.

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.

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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing