Short sale opportunity at 2937 Kincaid Avenue
Priced at $69000
This short sale opportunity at 2937 Kincaid Avenue is in St John could result in a big bargain for you. The home was purchased by the current owner for $123000 at the height of the market in 2007. She has loved living there but is moving because of health issues that are hindering her from climbing stairs.
I like the house at 2937 Kincaid. It has a lot of the charm that you would want in a home that was built in 1920. The floors throughout are trendy refinished pine. There is so much light in every room. Most rooms have light from 2 sides. The dining room is huge, as Bernie would say, and has a bay window across the southern side.
The front entry is 10 x 9 and is an ideal place for a comfortable chair for reading or a couple of chairs with a game table.
The kitchen has been updated. I like the window over the sink. There is a lot of counter and storage space. The pine floors really top it off and then the kitchen door leads to a covered back porch. The main floor also has a half bath – a rare treat in a home that is 96 years old.
The 3 bedrooms and full bath are upstairs. Two of the bedrooms also have the pretty pine floors. These two rooms also have the sloped (cape cod, angled) ceilings that add that old time charm. Click here for some decorating and painting tips for these types of ceilings.
The back yard is large, fenced and level. As a side note, the pictures were taken before the seller moved out. The home needs a new air conditioner compressor.
This short sale opportunity at 2937 Kincaid is being facilitated by a short sale specialist, Laurus Associates. Short sales are a team sport. A successful short sale requires well-coordinated efforts between all parties. They are much more complicated than traditional sales.There will be added documentation and all the different guidelines between lenders and loan types. It’s enough to make your head spin! There is a Buyer Fee Agreement to be signed by the Buyer. All contract documents must be hand signed. No electronic signatures! Provide pre-approval letter/proof of funds with offer. This attention to detail takes considerable time and expertise. To avoid delays we will all need to work together to gather documents as quickly and accurately as possible.
Short sales are like snowflakes each one is different, so it’s impossible to provide an exact timeline on any transaction. Each bank and servicer operates according to their own internal guidelines and procedures. In most instances, there is also an investor, Mortgage/Note holder or mortgage insurance company involved who may be the ultimate decision maker. The response times of Banks, Investors, Buyers, Sellers and Brokers account for the wide variation in short sale timelines. As a general rule, you should plan to close between 60-180 days from the time Laurus Associates has received a full and compliant package.
This short sale at 2937 Kincaid Avenue is not very walkable. However, it is conveniently located for car travel. It is just west of Highway 170 and a couple of blocks from St Charles Rock Road. It is in the city of St John Missouri.
For more information about public transportation, click here.
2937 Kincaid Avenue is in the Ritenour Public Schools. The elementary school is Marvin. For additional information about the public schools in the area click here.