Home for Sale at 887 Mt. Carmel, Dubuque, IA 52003

887 Mt. Carmel
Dubuque, IA 52003

« Prev

Property Details

List Price:	$839,000
Beds:	4
Baths:	3
Status:	Active
SqFt:	2655
Agency:	American Realty of Dubuque, Inc.

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	2013
Notes:	This luxurious, high-end home boasts timeless architectural design. That along with modern sophistication and location is a must see. As you approach the house, a meticulously landscaped front yard welcomes you, setting the tone for what lies within. The exterior features are a blend of stone and brick with tasteful accents and a grand entry framed by lush greenery. Upon entering, you are greeted by a spacious foyer adorned with a dazzling chandelier. this leads you to the heart of the home. The open concept living area is bathed in natural light, thanks to expansive windows that offer breathtaking views. The gourmet kitchen is a culinary enthusiast dream., with top-of-line appliances, granite and an oversized island. Perfect for casual dining or entertaining. Adjacent to the kitchen a cozy breakfast nook overlooks the tranquil yard. The main bedroom suite is a quiet retreat featuring a spa-like bath with soaking tub and walk in shower. A formal dining room with amazing woodwork and crown molding exudes quality and charm, The high ceilings in the great room frame the beautiful gas fireplace, hardwood flooring and access to the impressive deck. The office/library is perfect for efficient work. There is a elevator space complete with electrical components and custom space for installation. The lower level is accessed buy a beautiful open staircase. This is a area complete for full living quarters. Complete with recreation room, kitchenette, bath, two bedrooms, 2 car garage, and abundant storage. In total the property has four heated garages, 3.5 baths and a list of extensive upgrades.
MlsNumber:	148402

Listing Provided By:	American Realty of Dubuque, Inc., original listing
Name:	American Realty of Dubuque, Inc.
Phone:	(563) 599-0711
Office Name:	American Realty of Dubuque, Inc.
Office Phone:	(563) 556-4577
Agent Name:	Peggy Nesler
Disclaimer:	Copyright Â© 2024 East Central Iowa 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.

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.

HudExchange.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

HudExchange.com is an Equal Housing Opportunity

- Pat. 7,813,958 - Pat. 7,958,007 - Pat. 8,046,258 - Pat. 8,073,737 - Pat. 8,190,476 - Pat. 8,195,514
- Pat. 8,306,856 - Pat. 8,412,576 - Pat. 8,510,165 - Pat. 8,825,527 -

Property Details

Map Details Show Map | Show StreetView

Description/Comments

USHUD.com on the Go!

HUD Foreclosures

Foreclosure Listings Increasing