Thursday, February 21, 2008

Beautiful Home for Sale in Lake Preston, SD!

205 1st Street SE, Lake Preston, SD 57249
List #08-47
Lake Preston, SD Real Estate
Real Estate for Sale in Lake Preston, SD
List Price $129,900

A gorgeous, vintage, turn of the century two-story home in a friendly small town just 32 miles from Brookings. This spectacular home was originally built by a banker/investor and you will love the beautiful staircase, huge pocket doors separating the parlor from the sitting room. All of the owners have maintained the originality of this home. If you love older homes, see this one!

Descriptive Information

Style: Victorian
Year Built: 1905
Stories: 2.20
Total SqFt.: 2,243
SqFt ML: 1,044
SqFt. UL: 1,200
SqFt. LL: 1,044
SqFt LL Finish: 0
Total Finished SqFt: 2244
Taxes: 1,661.06
Tax Year: 2006
Total Bedrooms: 4
Total Bathrooms: 2

For more information on this or other properties, call Justin's Cell (605) 691-1240 or email me at Justin@BrookingsHomes.com

This property is listed by Nikki Brooks of Best Choice Real Estate, Brookings, SD.

Wednesday, February 13, 2008

Daily Real Estate News | February 13, 2008

Bernanke: Housing Rebound Coming

U.S. Sen. Pete Domenici (R-N.M.), after a private meeting with Federal Reserve Chairman Ben Bernanke, said the central bank chief anticipates signs of a rebound in the housing market by the end of 2008.

Concerns remain that the market downturn will cause an economic recession, which prompted the Fed to cut interest rates recently.

Meanwhile, despite an "unusually uncertain" economic outlook, San Francisco Fed President Janet Yellen says the country will avoid an "outright recession." A survey of economic forecasters by the Philadelphia Fed indicates slightly less than 50-50 odds of a recession.

Source: Investor's Business Daily (02/13/08)

© Copyright 2008

Daily Real Estate News | February 13, 2008

Mortgage Applications Slide Last Week

The number of mortgage applications declined last week compared with the previous week, but business was still brisk, according to the Mortgage Bankers Association weekly mortgage applications survey released Wednesday.

Loan volume was 1063.5, a decrease of 2.1 percent on a seasonally adjusted basis from 1086.6 a week ago. On an unadjusted basis, the index decreased 0.4 percent compared with the previous week, but was up 65 percent compared with the same week a year ago.

The refinance share of mortgage activity decreased to 67.4 percent of total applications from 69.2 percent last week.

Mortgage rates, which increased slightly, were probably behind the small decline:

30-year fixed-rate mortgages increased to 5.72 percent from 5.61 percent.
15-year fixed-rate mortgages increased to 5.18 percent from 5.09 percent.
1-year ARMs increased to 5.72 percent from 5.62 percent.

Source: Mortgage Bankers Association (02/13/2008)

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!!!SOLD!!! Home For Sale De Smet, SD!

317 Front St NW, De Smet, SD 57231
List #07-692
!!!SOLD!!!
De Smet, SD Real Estate
Real Estate for Sale in De Smet, SD
List Price $56,500

Older home with a lot of Remodeling. New addition completed in 1995, added Living Room, Master Bedroom, Bath and Closet. Unfinished basement under addition could be made into a nice family/rec room. Kitchen has been updated.


List Price: 56,500
Possession Date: TBD
Legal: Lot 9, EXC S 65', Block 1 Ely's Addition
Realtor.COM Type: Residential Single Family

Descriptive Information
Area: Residential
Style: 1 Story
Lot Size: 75' x 74'
Year Built: 1948
Stories: 1
Total SqFt: 1,400
SqFt ML: 1,400
SqFt LL Finish: 0
Total Finished SqFt: 1400
Taxes: 883.08
Tax Year: 2006
Garage: None
Total Bedrooms: 3
Total Bathrooms: 2
Total Full Baths: 1
Total 3/4 Baths: 1

Directions: Take Hwy 14 to De Smet, turn North on 25 to Front St, Turn left to end of the Block.



For more information or to schedule a viewing of this property please call me, Justin Fjeldos, at (605) 691-1240 or email Justin@BrookingsHomes.com

This property is listed by Sharon Reents of Best Choice Real Estate, Brookings, SD.

CANCELLED! Brookings, SD New Construction for Sale!

1744 Torrey Pines Drive, Brookings, SD 57006
List #08-52
Brookings, SD Real Estate
Brookings, SD Affordable New Construction
List Price -CANCELLED-

Affordable 1100 square foot split foyer with 2 bedrooms, 1 bathroom and a finished family room in the lower level. This home features cement board siding, a 10x10 deck and a double stall attached garage. More information and photos available soon!

List Price: 165,900
Possession Date: Upon Completion
Legal: Lot 7E, Block 9 of Moriarty Fourth Addition, City of Brookings, County of Brookings, South Dakota
Realtor.COM Type: Residential Single Family

Descriptive Information
Style: Split Foyer
Lot Size: Irregular
Year Built: 2008
Stories: 1
Total SqFt.: 1,100
SqFt ML: 1,100
SqFt. LL: 1,100
SqFt LL Finish: 265
Total Finished SqFt: 1365 approximate
Taxes: 0
Tax Year: 2007
Garage Type: Attached
Garage Stall: 2
Garage Remarks: 22X24 Opener: Included
Total Bedrooms: 2
Total Bathrooms: 1
Total Full Baths: 1


For more information or to schedule a viewing of this property please call me, Justin Fjeldos, at (605) 691-1240 or email Justin@BrookingsHomes.com

This property is listed by David Kneip of Best Choice Real Estate, Brookings, SD.
Brookings4Sale.com
BEST CHOICE REAL ESTATE - (800) 788-8323