Archive for May, 2005

Donald Trump hosts fundraiser for Florida GOP gube…

Monday, May 30th, 2005

Donald Trump hosts fundraiser for Florida GOP gubernatorial candidate

Donald Trump will be hosting a fundraiser June 14th for Charlie Crist, GOP frontrunner for governor. The event coincides with Trump’s 59th birthday and will be held in Trump Towers in Manhattan, according to Dateline Alabama. Read this snippet from the full report:

“Getting someone like Mr. Trump in the primary is a huge boost,” Crist political adviser Brian Ballard said Monday. “It makes the campaign exciting.”

Crist, who was first introduced to Trump at a charity benefit in 1998, met with Trump in New York on May 20 and was encouraged by the developer’s interest in his candidacy to succeed Gov. Jeb Bush.

“He could not have been more gracious or more hospitable,” Crist said Monday. “The guy cares about Florida. He has a residence in Florida and spends a lot of time in Florida.”

Trump owns a home in West Palm Beach. A guard at his New York City headquarters said Monday no one was available because of the Memorial Day holiday and the phone numbers for Trump’s publicists rang unanswered.

We wish both Mr. Trump and Mr. Crist all the best in their endeavors.

-John Mudd
“Mr. Real Estate”

Contact John now to find and buy, or sell luxury homes, luxury condos or commercial investment property!

source: Donald Trump hosts fundraiser for Florida GOP gube…

Current HUD for southwest Missouri 5/26/2005

Friday, May 27th, 2005

Current HUD home listings for southwest Missouri, 5/26/05:

As always, the listings are formatted as: Address, price (asking price), as is (value per appraisal), bed/bath, escrow (for repairs needed for FHA sale), property type, listing date, bid deadline followed by comments. Insured/uninsured refers to whether the property will qualify for FHA (insured) financing.

Featured properties (full details for featured listings after the cut):

HC 81 BOX 8604, CASSVILLE, MO 65625, COUNTY: BARRY, $75,000

678 LOG CABIN ROAD, CRANE, MO 65633, COUNTY: STONE, $64,900

1124 S KIMBERLY DR, MOUNT VERNON, MO 65712, COUNTY: LAWRENCE, $56,700

730 TRACY LN, MOUNT VERNON, MO 65712, COUNTY: LAWRENCE, $83,500

Address price as is bed/bath escrow property type listing date deadline
638 HOLIDAY HILLS DR
CAPE FAIR, MO 65624
COUNTY: STONE $15,000 $15,000 2/1 $5,473 S 5/13/2005 5/29/2005 11:59:00 PM
Property #: 291-265264
Comments: AMENITIES: CEILING FANS, WOODED AREA. THE FOLLOWING COMMENTS AND ESCROW ITEMS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: ELECTRIC METER MISSING. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. PROPERTY HAS PRIVATE SEPTIC SYSTEM AND WELL.
FHA Financing Insurability: Insured With Escrow
HUD Property n/a Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
503 S ELM ST
CARTERVILLE, MO 64835
COUNTY: JASPER $63,500 $63,500 3/2 $1,051 S 5/20/2005 5/29/2005 11:59:00 PM
Property #: 291-270937
Comments: AMENITIES: COVERED PATIO, COVERED FRONT PORCH, WOOD PRIVACY FENCE, CEILING FANS, 2 STORAGE SHEDS, LARGE SHADE TREES, UTILITY ROOM. THE FOLLOWING COMMENTS AND ESCROW ITEMS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 45-90 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. WATER METER MISSING. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. Possible Lead Based Paint.
FHA Financing Insurability: Insured With Escrow
HUD Property n/a Picture Available New Listing

Address price bed/bath year built property type listing date deadline
208 S FOUNTAIN ROAD
CARTERVILLE, MO 64835
COUNTY: JASPER $10,395 2/1 1975 M 4/12/2005 Daily
Property #: 0726-319570
Comments: LAND ONLY SALE - ANY MANUFACTURED HOME WHICH MAY BE ON THE LOT IS NOT INCLUDED IN THE SALE. EVIDENCE OF MOLD - NO REMEDIATION DONE BY SELLER. Possible Lead Based Paint.
Bank Owned Property n/a Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
HC 81 BOX 8604
CASSVILLE, MO 65625
COUNTY: BARRY $75,000 $75,000 4/2 S 5/27/2005 6/5/2005 11:59:00 PM
Property #: 291-326233
Comments: AMENITIES: PORCH, WOODED AREA, STORAGE BUILDING. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: ELECTRIC METER MISSING. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. PROPERTY DESIGN IS EARTHBERM. PROPERTY HAS PRIVATE WELL, SEPTIC TANK & PROPANE. NO FEMA FLOOD MAP AVAILABLE.
FHA Financing Insurability: Uninsured
HUD Property n/a Picture Available New Listing

Address price bed/bath year built property type listing date deadline
678 LOG CABIN ROAD
CRANE, MO 65633
COUNTY: STONE $64,900 3/2 1989 S 5/17/2005 Daily
Property #: 0726-313898
Comments: SERVED BY WELL AND PROPANE GAS SYSTEMS - CONDITION UNKNOWNSELLER OFFERS A $500 BONUS TO SELLING AGENT TO BE PAID AT CLOSING ONLY
Bank Owned Property Price Reduced Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
602 Irwin St.
DUENWEG, MO 64841
COUNTY: JASPER $29,600 $37,000 2/1 S 5/25/2005 5/29/2005 11:59:00 PM
Property #: 291-312647
Comments: AMENITIES: ENCLOSED PORCH, STORM WINDOWS. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA 203k FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 30-45 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. Possible Lead Based Paint.
FHA Financing Insurability: Uninsured
HUD Property Price Reduced Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
623 S SERGEANT AVENUE
JOPLIN, MO 64801
COUNTY: JASPER $88,200 $98,000 4/4 S 5/11/2005 Daily @ 11:59:00 PM
Property #: 291-289837
Comments: AMENITIES: COVERED PORCHES, BALCONY, GORGEOUS INSIDE-MUST SEE, WOOD FLOORS, CEILING FANS. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA 203k FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 30-45 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. Possible Lead Based Paint.
FHA Financing Insurability: Uninsured
HUD Property Price Reduced Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
1714 S PICHER AVE
JOPLIN, MO 64804
COUNTY: JASPER $30,000 $30,000 3/1.5 S 5/27/2005 6/5/2005 11:59:00 PM
Property #: 291-181553
Comments: AMENITIES: COVERED PORCH, CHAIN LINK FENCE, STORM WINDOWS, DETACHED STORAGE BUILDING. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA 203k FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 30-45 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. GAS METER MISSING. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. Possible Lead Based Paint.
FHA Financing Insurability: Uninsured
HUD Property n/a Picture Available New Listing

Address price as is bed/bath escrow property type listing date deadline
1124 S KIMBERLY DR
MOUNT VERNON, MO 65712
COUNTY: LAWRENCE $56,700 $63,000 3/1 S 5/25/2005 5/29/2005 11:59:00 PM
Property #: 291-279026
Comments: AMENITIES: PARTIAL FENCE, MODERN KITCHEN, SHED, NICE SHADE TREES. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 45-90 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. Possible Lead Based Paint.
FHA Financing Insurability: Insured
HUD Property Price Reduced Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
730 TRACY LN
MOUNT VERNON, MO 65712
COUNTY: LAWRENCE $83,500 $83,500 /2.5 S 5/27/2005 6/5/2005 11:59:00 PM
Property #: 291-255761
Comments: AMENITIES: PATIO, PORCH, BASEMENT, MODERN KITCHEN. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS.
FHA Financing Insurability: Uninsured
HUD Property n/a Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
RR 1 BOX 44
PURDY, MO 65734
COUNTY: BARRY $65,000 $65,000 3/2.5 M 5/27/2005 6/5/2005 11:59:00 PM
Property #: 291-257225
Comments: AMENITIES: WOOD DECK, PORCH, WOODED AREA, MODERN KITCHEN. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: ELECTRIC METER MISSING. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. PROPERTY HAS PRIVATE WELL, SEPTIC TANK & PROPANE. NO FEMA FLOOD MAP AVAILABLE. ENGINEERING CERT REQUIRED
FHA Financing Insurability: Uninsured
HUD Property n/a Picture Available New Listing

Address price as is bed/bath escrow property type listing date deadline
RR 3 BOX 168
VERONA, MO 65769
COUNTY: BARRY $63,200 $79,000 3/2 M 4/27/2005 Daily @ 11:59:00 PM
Property #: 291-301708
Comments: AMENITIES: LAUNDRY ROOM, NEWER HOME. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS PROPERTY HAS SEPTIC SYSTEM, PRIVATE WELL, LP, NO FEMA FLOOD MAP AVAILABLE, ENGINEERING CERT RECOMMENDED
FHA Financing Insurability: Uninsured
HUD Property Price Reduced Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
1511 S WASHINGTON ST
WEBB CITY, MO 64870
COUNTY: JASPER $42,500 $42,500 3/1.5 $1,870 S 5/20/2005 5/29/2005 11:59:00 PM
Property #: 291-317887
Comments: AMENITIES: STOOP PORCH, ATTACHED GARAGE, WOOD FLOORS, NICE BATHROOM, MODERN KITCHEN. THE FOLLOWING COMMENTS AND ESCROW ITEMS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 45-90 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. Possible Lead Based Paint.
FHA Financing Insurability: Insured With Escrow

source: Current HUD for southwest Missouri 5/26/2005

Ft. De Soto Beach, near Tierra Verde, named best b…

Thursday, May 26th, 2005

Ft. De Soto Beach, near Tierra Verde, named best beach in U.S.


Photo courtesy the Tampa Tribune.

Ft. De Soto, an especially serene, well-preserved beach located just south of Tierra Verde, was named best beach in the country by Dr. Beach, America’s beach expert, according to today’s St. Petersburg Times. Expect more people to request homes and condos in Tierra Verde as a result. Everyone loves the beach, but living near the nation’s best beach is a commodity that everyone loves. Contact me now to get more information on beautiful homes and condos near Ft. De Soto Beach, the best beach in the entire United States.

-John Mudd
“Mr. Real Estate”

Contact John now to find and buy, or sell luxury homes, luxury condos or commercial investment property!

source: Ft. De Soto Beach, near Tierra Verde, named best b…

Condo conversions hottest development trend to arr…

Sunday, May 22nd, 2005

Condo conversions hottest development trend to arrive on market, continue to be hot

Both developers and investors have been hot to trot on the condo conversion trend. In fact, I probably hear from a new one at least once a month, or at least that’s been the case since January of this year. The standard property sought is something with 200 or more units and that’s easy to convert, or less if the property is waterfront or in a prime location. From Class A apartment complexes to Class C apartment complexes, investors and developers want to convert them. Everyone knows they’re hot, including the Tampa Tribune:

Making The Switch

In most cases, turning an apartment into a condo consists of installing new carpet and changing the sign out front. Some developers make cosmetic changes, such as upgrading appliances, replacing Formica counter tops with granite and trading in laminate cabinets for wood.

However, there are key differences between apartments and condominiums when it comes to original construction. Apartments typically have thinner walls, lower quality insulation and smaller separations between floors, builders say. Condominium builders typically cater to buyers who would turn up their noses at lower quality materials.

Some developers and engineers say such differences keep apartments from ever truly becoming condominiums.

Where the two kinds of units don’t always differ significantly, though, is price.

“You don’t want to pay premium for something that isn’t premium,” said condominium builder Brooks Byrd, of the St. Petersburg-based Byrd Corp. “The apartment conversion is such a new phenomenon in our area that people don’t really understand what they’re buying.”

This year, more than a dozen apartment complexes in the Tampa Bay area have announced plans to convert, and many more owners say they are thinking about it.

Tom Senkbeit, chief investment officer of Post Properties, which is converting one of its Hyde Park complexes, said the market is right for conversions.

With interest rates low, many of Post’s tenants are considering buying a home. Post saw an opportunity because many of its properties are located in high-demand, urban areas, Senkbeit said.

Apartments aren’t built as well as condominiums, he admitted, but newer apartments are typically built well. And conversions provide housing in neighborhoods that would otherwise be unattainable to some buyers, he said. People who can’t afford a home in Hyde Park, for example, might be interested in a Post apartment priced at $150,000 to $300,000.

“Our units aren’t as big as a single-family home, but for the location and the price, the condo is someone’s choice in some neighborhoods,” Senkbeit said.

With land prices escalating, he said, apartment complexes are typically 20 percent to 30 percent more valuable to sell as condos than to keep as apartments.

When consulted recently about selling one of its apartment complexes, Senkbeit told me they’d rather convert their apartment complexes to condos themself, understandably. The biggest problem investors and developers find in their adamant desire to convert apartment complexes into condos is the fact that some of the most attractive complexes’ owners will keep and convert. Other apartment complex owners, though, may contact me anytime for representation in the sale of one of their apartment complexes. It might make four principals of some very well-to-do groups, including REITs, I know very happy. Some of them probably won’t care if your apartment complex has a HUD loan with a lengthy lockout date on it. After all, there’s a way out of everything, isn’t there?

What does an apartment complex suitable for condo conversion look like? It looks like the one above that’s under contract with a backup (listed with Equity Pro) in Pinellas Park, Florida. Will they be converted to condos? No one will know until the sale is closed, if either contracts get through their due diligence period.

Some of the hottest condo conversions to buyers include The Club at Feather Sound and The Quarter at Ybor, and those units aren’t even available for purchase, yet, except to VIPs. The condo conversion trend will likely continue to be hot, as long as apartment complex owners continue to profitably sell to developers and investors seeking to make a profit from selling apartments converted into condos.

-John Mudd
“Mr. Real Estate”

Contact John now to find and buy, or sell luxury homes, luxury condos or commercial investment property!

source: Condo conversions hottest development trend to arr…

HUD Homes for sale 5/19/05

Thursday, May 19th, 2005

Current HUD home listings for southwest Missouri, 5/19/05:

The listings are formatted as: Address, price (asking price), as is (value per appraisal), bed/bath, escrow (for repairs needed for FHA sale), property type, listing date, bid deadline followed by comments. Insured/uninsured refers to whether the property will qualify for FHA (insured) financing.

623 S SERGEANT AVENUE
JOPLIN, MO 64801
COUNTY: JASPER $88,200 $98,000 4/4 S 5/11/2005 Daily @ 11:59:00 PM
Property #: 291-289837
Comments: AMENITIES: COVERED PORCHES, BALCONY, GORGEOUS INSIDE-MUST SEE, WOOD FLOORS, CEILING FANS. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA 203k FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 30-45 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. Possible Lead Based Paint.
FHA Financing Insurability: Uninsured

Address price as is bed/bath escrow property type listing date deadline
638 HOLIDAY HILLS DR
CAPE FAIR, MO 65624
COUNTY: STONE $15,000 $15,000 2/1 $5,473 S 5/13/2005 5/22/2005 11:59:00 PM
Property #: 291-265264
Comments: AMENITIES: CEILING FANS, WOODED AREA. THE FOLLOWING COMMENTS AND ESCROW ITEMS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: ELECTRIC METER MISSING. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. PROPERTY HAS PRIVATE SEPTIC SYSTEM AND WELL.
FHA Financing Insurability: Insured With Escrow
HUD Property n/a Picture Available n/a

Address price bed/bath year built property type listing date deadline
283 SAINT CLOUD DRIVE
CAPE FEAR, MO 65656
COUNTY: STONE $9,900 1/1 1970 S 5/6/2005 Daily
Property #: 726-234243
Comments: ROOF AND FOUNDATION CONCERNS - INSPECTIONS RECOMMENDEDSELLER OFFERS A $500 BONUS TO SELLING AGENT TO BE PAID AT CLOSING ONLY Possible Lead Based Paint.
Bank Owned Property Price Reduced Picture Available n/a

Address price bed/bath year built property type listing date deadline
208 S FOUNTAIN ROAD
CARTERVILLE, MO 64835
COUNTY: JASPER $10,395 2/1 1975 M 4/12/2005 Daily
Property #: 0726-319570
Comments: LAND ONLY SALE - ANY MANUFACTURED HOME WHICH MAY BE ON THE LOT IS NOT INCLUDED IN THE SALE. EVIDENCE OF MOLD - NO REMEDIATION DONE BY SELLER. Possible Lead Based Paint.
Bank Owned Property n/a Picture Available n/a

Address price bed/bath year built property type listing date deadline
678 LOG CABIN ROAD
CRANE, MO 65633
COUNTY: STONE $64,900 3/2 1989 S 5/17/2005 Daily
Property #: 0726-313898
Comments: SERVED BY WELL AND PROPANE GAS SYSTEMS - CONDITION UNKNOWNSELLER OFFERS A $500 BONUS TO SELLING AGENT TO BE PAID AT CLOSING ONLY
Bank Owned Property Price Reduced Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
602 Irwin St.
DUENWEG, MO 64841
COUNTY: JASPER $33,300 $37,000 2/1 S 4/27/2005 Daily @ 11:59:00 PM
Property #: 291-312647
Comments: AMENITIES: ENCLOSED PORCH, STORM WINDOWS. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA 203k FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 30-45 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. Possible Lead Based Paint.
FHA Financing Insurability: Uninsured
HUD Property Price Reduced Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
623 S SERGEANT AVENUE
JOPLIN, MO 64801
COUNTY: JASPER $88,200 $98,000 4/4 S 5/11/2005 Daily @ 11:59:00 PM
Property #: 291-289837
Comments: AMENITIES: COVERED PORCHES, BALCONY, GORGEOUS INSIDE-MUST SEE, WOOD FLOORS, CEILING FANS. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA 203k FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 30-45 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. Possible Lead Based Paint.
FHA Financing Insurability: Uninsured
HUD Property Price Reduced Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
1124 S KIMBERLY DR
MOUNT VERNON, MO 65712
COUNTY: LAWRENCE $63,000 $63,000 3/1 S 4/22/2005 Daily @ 11:59:00 PM
Property #: 291-279026
Comments: AMENITIES: PARTIAL FENCE, MODERN KITCHEN, SHED, NICE SHADE TREES. THE FOLLOWING COMMENTS AND/OR ESCROW ITEMS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 45-90 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. Possible Lead Based Paint.
FHA Financing Insurability: Insured
HUD Property n/a Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
RR 3 BOX 168
VERONA, MO 65769
COUNTY: BARRY $63,200 $79,000 3/2 M 4/27/2005 Daily @ 11:59:00 PM
Property #: 291-301708
Comments: AMENITIES: LAUNDRY ROOM, NEWER HOME. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS PROPERTY HAS SEPTIC SYSTEM, PRIVATE WELL, LP, NO FEMA FLOOD MAP AVAILABLE, ENGINEERING CERT RECOMMENDED
FHA Financing Insurability: Uninsured

source: HUD Homes for sale 5/19/05

Luxury home market on steroids according to Inman …

Tuesday, May 17th, 2005
Luxury home market on steroids according to Inman News

It seems everyone wants a Hummer of a home, with plenty willing to spend the extra dollar for the finest home money can buy. Here’s a snippet from today’s first part of the new Inman News series on luxury homes (subscription required after today):

America’s luxury housing is on steroids, with 10,000-square-foot homes and eight-figure prices becoming commonplace. In the luxury market, it’s not about keeping up with the Joneses, building a two-story ranch and putting up a white picket fence. The stakes are higher and the fences are made of Australian jara. Now it’s more about keeping up with the high-tech moguls next door: the Bill Gateses and the Larry Ellisons.

“We’ve experienced the overly large home phenomenon for some time,” said William Hablinski, founding partner of Hablinski + Manion Architecture, a luxury housing design firm focusing mostly on the Pacific Northwest. Hablinski said 15,000- to 24,000-square-foot houses are the norm for his firm.

“I’ve had 60,000- to 70,000-foot houses. It’s really almost obscene,” the architect said.

Such projects easily can cost $35 million for the home construction alone. With the price of the land, the house could be valued at $50 to $70 million, he said.

“They’re building palaces,” said Yolande Citro, an agent with Triangle Properties who sells luxury homes in Miami Beach, of her clients. “Star Island and India Creek Island (in the Miami Beach area) have lots of land. They are building gigantic homes, huge master bedrooms with ‘his and her’ bathrooms, pools, six-car garages with private apartments on top, maid’s quarters and cottages for guests.”

The former Atherton, Calif., home of Larry Ellison, founder of Oracle, has seven bedrooms and 7.5 baths on 2.8 acres, with a Japanese teahouse, Japanese gardens, waterfalls, a koi pond, an in-ground spa, a pool and a tennis court. It’s currently for sale at $29.5 million.

Such extravagant homes are spreading. The luxury home market is booming, with Coldwell Banker’s sales volume of homes valued at $1 million or more surging to an all-time high of $35.5 billion in 2004. The company’s previous record volume for luxury home sales was $23.3 billion in 2003.

Luxury home buyers rightfully understand that a home really is the best possible personal investment you could ever possibly make. Contact me now so I can help you find that lusciously lavish luxury home you’ve been dreaming of making yours!

-John Mudd

“Mr. Real Estate”

Contact John now to find and buy, or sell luxury homes, luxury condos or commercial investment property!

source: Luxury home market on steroids according to Inman …

Current HUD Homes - 5/12/2005

Thursday, May 12th, 2005

Current HUD home listings for southwest Missouri, 5/12/05:

The listings are formatted as: Address, price (asking price), as is (value per appraisal), bed/bath, escrow (for repairs needed for FHA sale), property type, listing date, bid deadline followed by comments. Insured/uninsured refers to whether the property will qualify for FHA (insured) financing.

2 Properties reduced almost $10,000

Address price as is bed/bath escrow property type listing date deadline
623 S SERGEANT AVENUE
JOPLIN, MO 64801
COUNTY: JASPER $88,200 $98,000 4/4 S 5/11/2005 5/15/2005 11:59:00 PM
Property #: 291-289837
Comments: AMENITIES: COVERED PORCHES, BALCONY, GORGEOUS INSIDE-MUST SEE, WOOD FLOORS, CEILING FANS. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA 203k FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 30-45 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. Possible Lead Based Paint.
FHA Financing Insurability: Uninsured
HUD Property Price Reduced Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
1511 S SERGEANT AVE
JOPLIN, MO 64804
COUNTY: JASPER $36,000 $45,000 4/2 S 5/4/2005 Daily @ 11:59:00 PM
Property #: 291-140633
Comments: AMENITIES: PATIO, PARTIAL STORM WINDOWS, FENCED BACKYARD, DETACHED GARAGE, WOOD FLOORS, SUN ROOM. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA 203k FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 30-45 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. EVIDENCE OF MOLD-CLEANED BUT NOT REMEDIATED. Possible Lead Based Paint.
FHA Financing Insurability: Uninsured
HUD Property Price Reduced Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
108 ORCHARD ST
ALBA, MO 64830
COUNTY: JASPER $22,000 $27,500 2/1 $2,613 S 5/11/2005 5/15/2005 11:59:00 PM
Property #: 291-283856
Comments: AMENITIES: TOTAL ELECTRIC. THE FOLLOWING COMMENTS AND/OR ESCROW ITEMS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 45-90 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. Possible Lead Based Paint.
FHA Financing Insurability: Insured With Escrow
HUD Property Price Reduced Picture Available n/a

Address price bed/bath year built property type listing date deadline
283 SAINT CLOUD DRIVE
CAPE FEAR, MO 65656
COUNTY: STONE $9,900 1/1 1970 S 5/6/2005 Daily
Property #: 726-234243
Comments: ROOF AND FOUNDATION CONCERNS - INSPECTIONS RECOMMENDEDSELLER OFFERS A $500 BONUS TO SELLING AGENT TO BE PAID AT CLOSING ONLY Possible Lead Based Paint.
Bank Owned Property Price Reduced Picture Available n/a

Address price bed/bath year built property type listing date deadline
208 S FOUNTAIN ROAD
CARTERVILLE, MO 64835
COUNTY: JASPER $10,395 2/1 1975 M 4/12/2005 Daily
Property #: 0726-319570
Comments: LAND ONLY SALE - ANY MANUFACTURED HOME WHICH MAY BE ON THE LOT IS NOT INCLUDED IN THE SALE. EVIDENCE OF MOLD - NO REMEDIATION DONE BY SELLER. Possible Lead Based Paint.
Bank Owned Property n/a Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
602 Irwin St.
DUENWEG, MO 64841
COUNTY: JASPER $33,300 $37,000 2/1 S 4/27/2005 Daily @ 11:59:00 PM
Property #: 291-312647
Comments: AMENITIES: ENCLOSED PORCH, STORM WINDOWS. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA 203k FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 30-45 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. Possible Lead Based Paint.
FHA Financing Insurability: Uninsured
HUD Property Price Reduced Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
623 S SERGEANT AVENUE
JOPLIN, MO 64801
COUNTY: JASPER $88,200 $98,000 4/4 S 5/11/2005 5/15/2005 11:59:00 PM
Property #: 291-289837
Comments: AMENITIES: COVERED PORCHES, BALCONY, GORGEOUS INSIDE-MUST SEE, WOOD FLOORS, CEILING FANS. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA 203k FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 30-45 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. Possible Lead Based Paint.
FHA Financing Insurability: Uninsured
HUD Property Price Reduced Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
1511 S SERGEANT AVE
JOPLIN, MO 64804
COUNTY: JASPER $36,000 $45,000 4/2 S 5/4/2005 Daily @ 11:59:00 PM
Property #: 291-140633
Comments: AMENITIES: PATIO, PARTIAL STORM WINDOWS, FENCED BACKYARD, DETACHED GARAGE, WOOD FLOORS, SUN ROOM. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA 203k FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 30-45 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. EVIDENCE OF MOLD-CLEANED BUT NOT REMEDIATED. Possible Lead Based Paint.
FHA Financing Insurability: Uninsured
HUD Property Price Reduced Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
1124 S KIMBERLY DR
MOUNT VERNON, MO 65712
COUNTY: LAWRENCE $63,000 $63,000 3/1 S 4/22/2005 Daily @ 11:59:00 PM
Property #: 291-279026
Comments: AMENITIES: PARTIAL FENCE, MODERN KITCHEN, SHED, NICE SHADE TREES. THE FOLLOWING COMMENTS AND/OR ESCROW ITEMS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 45-90 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. Possible Lead Based Paint.
FHA Financing Insurability: Insured
HUD Property n/a Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
RR 3 BOX 168
VERONA, MO 65769
COUNTY: BARRY $63,200 $79,000 3/2 M 4/27/2005 Daily @ 11:59:00 PM
Property #: 291-301708
Comments: AMENITIES: LAUNDRY ROOM, NEWER HOME. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS PROPERTY HAS SEPTIC SYSTEM, PRIVATE WELL, LP, NO FEMA FLOOD MAP AVAILABLE, ENGINEERING CERT RECOMMENDED
FHA Financing Insurability: Uninsured

source: Current HUD Homes - 5/12/2005

Current HUD properties - 5/1/05

Sunday, May 1st, 2005

The listing format is: Address, price (asking price), as is (value per appraisal), bed/bath, escrow (for repairs needed for FHA sale), property type, listing date, bid deadline

623 S SARGENT AVENUE
JOPLIN, MO 64801
COUNTY: JASPER $98,000 $98,000 4/4 $0 S 4/8/2005 Daily @ 11:59:00 PM
Property #: 291-289837
Comments: AMENITIES: COVERED PORCHES, BALCONY, GORGEOUS INSIDE-MUST SEE, WOOD FLOORS, CEILING FANS. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA 203k FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 30-45 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. Possible Lead Based Paint.
FHA Financing Insurability: Uninsured
HUD Property n/a Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
108 ORCHARD ST
ALBA, MO 64830
COUNTY: JASPER $24,750 $27,500 2/1 $2,613 S 4/13/2005 Daily @ 11:59:00 PM
Property #: 291-283856
Comments: AMENITIES: TOTAL ELECTRIC. THE FOLLOWING COMMENTS AND ESCROW ITEMS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 45-90 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. Possible Lead Based Paint.
FHA Financing Insurability: Insured With Escrow
HUD Property Price Reduced Picture Available n/a

Address price bed/bath year built property type listing date deadline
208 S FOUNTAIN ROAD
CARTERVILLE, MO 64835
COUNTY: JASPER $10,395 2/1 1975 M 4/12/2005 Daily
Property #: 0726-319570
Comments: LAND ONLY SALE - ANY MANUFACTURED HOME WHICH MAY BE ON THE LOT IS NOT INCLUDED IN THE SALE. EVIDENCE OF MOLD - NO REMEDIATION DONE BY SELLER. Possible Lead Based Paint.
Bank Owned Property n/a Picture Available n/a

Address price bed/bath year built property type listing date deadline
678 LOG CABIN ROAD
CRANE, MO 65633
COUNTY: STONE $64,900 3/2 1989 S 3/22/2005 Daily
Property #: 0726-313898
Comments: SERVED BY WELL AND PROPANE GAS SYSTEMS - CONDITION UNKNOWNSELLER OFFERS A $500 BONUS TO SELLING AGENT TO BE PAID AT CLOSING ONLY
Bank Owned Property Price Reduced Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
602 Irwin St.
DUENWEG, MO 64841
COUNTY: JASPER $33,300 $37,000 2/1 S 4/27/2005 5/1/2005 11:59:00 PM
Property #: 291-312647
Comments: AMENITIES: ENCLOSED PORCH, STORM WINDOWS. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA 203k FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 30-45 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. Possible Lead Based Paint.
FHA Financing Insurability: Uninsured
HUD Property Price Reduced Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
623 S SARGENT AVENUE
JOPLIN, MO 64801
COUNTY: JASPER $98,000 $98,000 4/4 $0 S 4/8/2005 Daily @ 11:59:00 PM
Property #: 291-289837
Comments: AMENITIES: COVERED PORCHES, BALCONY, GORGEOUS INSIDE-MUST SEE, WOOD FLOORS, CEILING FANS. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA 203k FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 30-45 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. Possible Lead Based Paint.
FHA Financing Insurability: Uninsured
HUD Property n/a Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
1511 S SERGEANT AVE
JOPLIN, MO 64804
COUNTY: JASPER $40,500 $45,000 4/2 $0 S 4/6/2005 Daily @ 11:59:00 PM
Property #: 291-140633
Comments: AMENITIES: PATIO, PARTIAL STORM WINDOWS, FENCED BACKYARD, DETACHED GARAGE, WOOD FLOORS, SUN ROOM. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA 203k FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 30-45 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. EVIDENCE OF MOLD-CLEANED BUT NOT REMEDIATED. Possible Lead Based Paint.
FHA Financing Insurability: Uninsured
HUD Property Price Reduced Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
1124 S KIMBERLY DR
MOUNT VERNON, MO 65712
COUNTY: LAWRENCE $63,000 $63,000 3/1 S 4/22/2005 5/1/2005 11:59:00 PM
Property #: 291-279026
Comments: AMENITIES: PARTIAL FENCE, MODERN KITCHEN, SHED, NICE SHADE TREES. THE FOLLOWING COMMENTS AND/OR ESCROW ITEMS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: FOR FHA FINANCING THE CLOSING FOR THIS PROPERTY WILL BE DELAYED BY AN ADDITIONAL 45-90 DAYS FOR LEAD BASED PAINT INSPECTION AND/OR STABILIZATION. PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS. Possible Lead Based Paint.
FHA Financing Insurability: Insured
HUD Property n/a Picture Available n/a

Address price bed/bath year built property type listing date deadline
300 LARRY PLACE
NEOSHO, MO 64850
COUNTY: NEWTON $68,040 3/1 1974 S 3/15/2005 Daily
Property #: 0726-313817
Comments: Possible Lead Based Paint.
Bank Owned Property Price Reduced Picture Available n/a

Address price as is bed/bath escrow property type listing date deadline
RR 3 BOX 168
VERONA, MO 65769
COUNTY: BARRY $63,200 $79,000 3/2 M 4/27/2005 5/1/2005 11:59:00 PM
Property #: 291-301708
Comments: AMENITIES: LAUNDRY ROOM, NEWER HOME. THE FOLLOWING COMMENTS ARE IN ADDITION TO THE PROPERTY CONDITION REPORT: PURCHASER IS RESPONSIBLE FOR THE COST AND REPLACEMENT OF ANY MISSING METERS PROPERTY HAS SEPTIC SYSTEM, PRIVATE WELL, LP, NO FEMA FLOOD MAP AVAILABLE, ENGINEERING CERT RECOMMENDED
FHA Financing Insurability: Uninsured
HUD Property Price Reduced Picture Available n/a

source: Current HUD properties - 5/1/05