Lee's Summit, MO Real Estate News

By Carrie Cowan Holder, Cowan & Company Realtors
(RE/MAX Premier Realty)
Below is a brief summary of Lakewood Lee's Summit MO Properties that have sold in the last 6 months.  The summary includes single family homes in the Lakewood Subdivison in Lee's Summit MO.  For a more detailed report of recent home sales, please contact Carrie Cowan RE/MAX State Line.     Quick Residential Property Statistics                     Status: Sold (33)     List Price Sale Price Beds Full Baths Half Baths SqFt DOM CDOM Min $119,900 $105,000 3 2 0 1381 4 4 Max $515,000 $550,000 6 5 2 4797 508 757 Avg $274,526 $263,051 4 3 1 3120 133 194 Sum $9,059,350 $8,680,690 For information on currently listed Lakewood Homes for Sale, click the link below: Search Lakewood Homes for Sale   Information on Lakewood Market Stats current as of 10/19/10. Information courtesy of Heartland MLS
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By Mike Russell, Overland Park Kansas Real Estate
(Mike Russell & Associates)
If you are a first time home buyer looking for a home in Lee's Summit then I have some good news for you. The City of Lee's Summit has just announced their new First Time Home buyer Grant Program. The grant program will provide up to $3,000 towards a first time buyers down payment, Closing costs or a combination of both. You are allowed to the $3,000 as follows: Up to 50% of the required down payment not to exceed $3,000 Reasonable closing costs up to $3,000 A combination of the above, not to exceed $3,000 The grants are awarded on a first come, first serve basis. If you would like more information about this program please contact the Russell Home Team at 913-681-1383 or email us at info@RussellHomeTeam.com   To see Lee's Summit first time buyer homes Click Here
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By Carrie Cowan Holder, Cowan & Company Realtors
(RE/MAX Premier Realty)
     Lakewood Quick Residential Property Statistics   Property information for Lakewood Subdivision in Lee's Summmit, MO.  Includes information on homes for sale, current listings, pending listings and listings that have sold in the last 6 months.                     Status: Active (79)     List Price Sale Price Beds Full Baths Half Baths SqFt DOM CDOM Min $84,900 - 2 1 0 1650 3 3 Max $1,200,000 - 6 5 2 6354 1551 1521 Avg $416,418 - 4 3 1 3604 270 358 Sum $32,897,049 -             Status: Sold (30)     List Price Sale Price Beds Full Baths Half Baths SqFt DOM CDOM Min $165,000 $165,000 3 2 0 1823 9 15 Max $549,500 $522,000 5 4 2 4797 1402 1389 Avg $315,865 $301,465 4 3 1 3452 215 329 Sum $9,475,950 $9,043,950             Status: All (109)     List Price Sale Price Beds Full Baths Half ...
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3 Bedroom 2.1 Bath 2 Car Garage 2212 sq ft $195,000 MLS#1672276   Everything's coming up roses with this 2-story home in Raintree Lake. This expanded floor plan offers a grand entry with split stair case, granite updates in kitchen & guest bath, hardwood floors through main level plus a study. Treat yourself to a master suite with corner whirlpool tub, updated tile shower & walk-in closet. Bonus cul-de-sac location. Don't miss the 2 1/2 blinds, hutch nook, updated lighting, newer carpet, newer exterior paint, office with 9ft ceiling and stubbed basement.
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By Debbie White, Your K C Realtor
(Reece Nichols)
Winning the day!  It sounds so easy, but we are so easily distracted with customers, putting out fires, social media and, well, sometimes just the beautiful Springtime weather.  I have found that systematizing my work habits with a daily worksheet and checklist has been monumental in keeping me on task.  I know that when my daily "must do's" are complete, then I can have the time and can enjoy some of the other time grabbers.  For me, there is gratification in checking off the list and knowing that my day has been productive.  Systems create good work habits.  Both equal a successful business. Now off to finish Winning The Day!
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Price: $149,000 FIZBER.com ID 15774567 Single Family with 3 bed, 2.5 bath, in 320 SE Brownfield Dr Lees summit, MO, 64063 http://www.fizber.com/15774567/ 320 SE Brownfield Dr - For Sale By Owner Property Details: Type: Single Family Address: 320 SE Brownfield Dr, Lees summit, MO, 64063 Sq footage: 1412.0 Floors: n/a Bathrooms: 2.5 Bedrooms: 3 Year built: 1985 View full property details and seller's contacts. View more Missouri homes for sale. Homes for Sale by Owner. Description: Three bedroom raised ranch with 2 1/2 baths. Beautiful, park-like setting in backyard with creek that runs through the back part of the property. No neighbors behind. Walkout basement is partially finished and has fully finished room with fireplace that could be used as 4th bedroom or office. Living room has v...
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By Caroline Huising
(Huising)
Price: $179,900 FIZBER.com ID 15534196 Single Family with 4 bed, 3.0 bath, in 3724 NE Ellison Dr. Lees summit, MO, 64064 http://www.fizber.com/15534196/ 3724 NE Ellison Dr. - For Sale By Owner Property Details: Type: Single Family Address: 3724 NE Ellison Dr., Lees summit, MO, 64064 Sq footage: 2800.0 Floors: n/a Bathrooms: 3.0 Bedrooms: 4 Year built: 1984 View full property details and seller's contacts. View more Missouri homes for sale. Homes for Sale by Owner. Description: - 4 bedrooms/3 full baths - 2800 sq ft (approx) of living area -- 1700 main level/1100 basement - 600+ sq. ft of storage area including Large Cedar Closet - Large Great Room w/fireplace on main level and extra large Rec Room on lower level - Almost everything has been updated (light fixtures, faucets, outlets/swi...
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3 Bedrooms 2.1 Baths 2 Car Garage $165,000 MLS# 1663442     Spring is blooming with opportunity. Stainless steel appliances, hardwood floors in kitchen/dining, neutral decor and newer AC plus roof. Treat yourself to master bedroom suite private from the secondary bedrooms plus kitchen with island, new appliances & double pantry. Second living space in walkout finished basement with wet bar and rec room. Bonus extended garage, deck and fenced yard. Just in time for the tax credit.
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By David Nichols, Leenulls Summit Real Estate
(The Nichols/Ersery Home Team, RE/MAX Heartland)
The numbers are in for December 2009 and the real estate market in Lees Summit is doing well... contrary to what the talking heads may lead one to believe. Here is the data as compiled by Heartland MLS Available Homes for sale: 919 New Listings: 135 Average List Price: $243,985 Homes "under contract": 26 Homes SOLD: 108 Average SOLD price: $226,682 Sales to List Price 95.6% AVG Days on Market (DOM) 128 Number of homes withdrawn from market: 4 Number of homes Expired from market: 89 Number of homes back on market: 42 The good news is that homes that are priced appropriately are selling.  What we are observing is that a home that is priced well and in good condition should be under contract in about 90 days.  Lower priced or affordable homes are selling much faster.  In fact, we still hav...
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4 Bedrooms 4.1 Baths 3 Car Garage 4115 sq ft .8 Acre Lot MLS#1650310 $450,000 Great opportunity! Treed Cul-De-Sac 0.8 acre lot plus all new interior paint & carpet make this home show like a model. Spacious secondary bedrooms with walk-ins. Custom finished basement features a mother-in-law or 5th bedroom opportunity, full kitchen with granite & bar; game room w/built-ins; and media room. Design arches, rounded corners, office with French doors & built-in art niches add distinct character. Bonus steam shower, professional landscaping & custom designed patio. Reach your home goal early in 2010!
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By Daniel Bennison
(Reece & Nichols Mission Hills)
 Over a hundred years ago, the small 11 block Town of Strother straddled the Missouri Pacific Railroad tracks. Today, that small town consists of 65.24 square miles and is known as the City of Lee's Summit. In the late 1800's, a man by the name of William B. Howard was drawn to this fertile, gently rolling prairie land with the dream of building a city. Today, nearly 93,000 residents have been enticed to this progressive, yet restful and family-oriented community atmosphere, with a unified dream to create a dynamic, vital city. From yesterday to today, the story of this once small town has been filled with the courage, dedication, and quiet determination of its citizens, making Lee's Summit an ideal city in which to live and work. On October 28, 1865, William B. Howard founded the Town...
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By David Nichols, Leenulls Summit Real Estate
(The Nichols/Ersery Home Team, RE/MAX Heartland)
David Nichols | The Nichols/Ersery Home Team | 816-536-1334 1301 NE Horizon Drive, Lees Summit, MO Custom home in Lees Summit 4BR/2.5BA Single Family House offered at $309,900 Year Built 2004 Sq Footage Unspecified Bedrooms 4 Bathrooms 2 full, 2 partial Floors 2 Parking 3 Car garage Lot Size .3 acres HOA/Maint $0 per month DESCRIPTION Custom reverse 1.5 home at end of cul-de-sac. Gleaming hardwoods, luxury master bath, large back yard and an open floor plan are just a few of the features on this amazing property. Huge rec room with wet-bar and second fireplace on lowerlevel. Oversized 3 car garage... perfect if you have a boat or other toys. More photos and information available at http://www.mykchometeam.com see additional photos below PROPERTY FEATURES - Central A/C - Central heat - ...
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By Eric Stegemann
(River City Real Estate)
  Homes in Lees Summit, MO Real Estate Search - Search all homes for sale in Lees Summit, MO As with many areas of the country, Lees Summit is experienced a significant decrease in properties on the market.  As that happened prices stayed steady and even rose somewhat since September of last year.  You'll notice that at present there are currently only about 850 listings in the city compared to almost 1100 in September 2008.  If you'd like to keep an eye on all the new listings that come up in the market, pay attention to our Lees Summit New Listing Search  
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With all the recent financial troubles daunting many American families, we've seen a huge increase in listings called "Short Sales."  While short sales can represent a "sweet deal" for the buyer looking to buy a bargain - in many cases, they can be more trouble than they are worth. WHAT IS A SHORT SALE? A short sale is when a homeowner is unable to sell their home for enough money to pay off their mortgage.  (This is either because they have been loaned more on the home than the market will bear, or because values in the area have decreased substantially.)  Therefore, the bank agrees to accept less than the mortgage payoff in order to avoid foreclosure proceedings (which can cost the lender up to $60,000). BEWARE - THE ASKING PRICE IS THE AGENT'S "BEST GUESS" When a home is listed as a ...
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    Here is an overview of some benefits of the Economic Stimulus Plan for 2009 and the Homeowner Affordability and Stability Plan that may impact you. Stimulus Plan - Tax Credit for Homebuyers The $787 Billion stimulus bill is made up of tax cuts and spending programs aimed at reviving the US economy. Although the package was scaled down from nearly $1 Trillion, it still stands as the largest anti-recession effort since World War II. One of the major benefits of the plan is a tax credit for new homebuyers. According to the plan, first-time homebuyers who purchase homes from the start of the year until the end of November 2009 may be eligible for the lower of an $8,000 or 10% of the value of the home tax credit. It's important to remember that the $8,000 tax credit is just that... a tax...
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By Debbie White, Your K C Realtor
(Reece Nichols)
To buy or not to buy? Do we or don't we? Have you ever looked back and thought, 'gee, I wish I would have bought that...look what it's worth today'? We think 2009 is posturing to be a great year to buy real estate. We are still at historically low interest rates, prices are low and the government is looking to offer a stimulous tax credit. We already have a $7,500.00 tax credit for first time home buyers who purchase a home before July 1st and are waiting to hear what the stimulous package will offer as well. The conditions to buy simply couldn't be much better. Contrary to popular belief, lenders are lending money. You do need steady employment, a reasonable credit rating and as little as 3.5% downpayment for FHA and 5% for Conventional financing. Don't look back wishing you would have...
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I've heard it time and time again - my house appraised for $x, so that's what I am going to list it for.  While it's great to know the approximate value of your home before listing it for sale - many sellers are misled (albeit unintentionally) by appraisals.  Many times, the "appraisal value" a seller receives can vary significantly from the true "market value" of a home.  Here's why...   IF THEY WORK FOR YOU THEY WANT TO DELIVER GOOD NEWS When you hire a private appraiser, that company is working for you - the seller.  Therefore, they want to earn your money, make you happy, and provide you with the highest possible value for your home.  The typical private appraiser who comes out will likely use the "Cost Approach" method.  This means he or she will estimate the amount it would cost t...
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With all the changes in the mortgage industry in the past year, buyers have found it increasingly difficult to find the assistance they need to purchase a new home.  In previous years, there have been several ways for buyers to buy with no money down - 100% loans being the #1 choice.  But even with the elimination of most 100% loan programs and seller-paid down payment assistance programs, buyers can still get the help they need to overcome what is typically the biggest barrier in their paths. 100% LOANS ARE NOT JUST A THING OF THE PAST While it's true that most conventional loans no longer allow a buyer to borrow 100% of the home's value - there are still options available!  One option many people don't know about is the VA Loan.  While you have to be active or former military to quali...
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You have probably heard over and over "It's a buyer's market out there."  But, in hearing that, many are left wondering what does that really mean, and how will it affect me if I want to sell my home? WHAT IS A BUYER'S MARKET? Put simply, the term "a buyer's market" means that right now, that's who has the advantage in the real estate market.  Because of these three factors: inventory is high, astoundingly low interest rates, and record-high availability of foreclosed homes; buyers are looking for nothing less than (and can certainly find) what they deem "a steal." YOU CAN STILL SELL YOUR HOME! However, this certainly does not mean you will be unable to sell your home!  In fact, a buyer's market is a great time to sell your home - since there are so many buyers out there!  But, just put...
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By J. Robert Dwyer
(Signature Mortgage Group)
The "Credit Crunch" is all over the news and it IS real, but what does that mean to you, the consumer?  In general, it means higher lending costs, but there are caveats to that in the mortgage world.  The atmosphere of mortgage lending has changed drastically over the past year and you, as a consumer, should know what to expect when looking into mortgage financing. Let's start with what's no longer available... anywhere.  •·        Stated Income (showing no income documentation) or Bank Statement (using bank statements to show income) loans •·        100% financing (except for VA and USDA Rural Development) •·        Negative Amortization loans a.k.a. "Option ARMs" If you were wanting any of the above, you need to be aware that these simply aren't options any longer.  Also nearly extinc...
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