New listing in Rosemount MN

http://youtu.be/2HNvo3BtiOw

Wow! 3 BR'S one level walkout rambler with private full master bath! Cul-de-sac location! Vaulted ceilings! Main floor laundry! Huge back yard! Oversized Garage! Oversized family room! Tons of storage! Easy possession and not a short sale!

15682 Crystal Court, Rosemount, MN 55068

Spacious entry with vinyl tile flooring, entry closet, overhead lighting and open to living room area and access to hallway leading to kitchen and garage.

Main floor living area with neutral frieze carpet, vaulted ceiling with lighted ceiling fan, a bank of windows looking out over the back yard, open to informal dining room and access to lower level stairway.

Spacious and bayed main floor informal dining area with neutral ceramic tile vinyl flooring, vaulted ceilings, chandelier, sliding glass door and windows with views of back yard and open to kitchen area.

Vaulted and open kitchen with neutral ceramic tile vinyl flooring, double cloud style light fixtures, oak cabinets with upgraded hardware, ceramic tile backsplash over neutral breakfast bar style counter tops and stainless steel sink with window and wall sconce above, extra bank of cabinets for storage and neutral appliances.

Main floor laundry with neutral ceramic tile vinyl flooring, overhead fluorescent lighting, wire shelving, window, laundry tub and washer and dryer stay with the home.

Main floor master bedroom with neutral carpeting, flat ceiling with lighted ceiling fan, split windows with honeycomb blinds, walk-in closet with wire shelving -- Master bathroom with neutral vinyl flooring, large whirlpool tub with ceramic tile surround and double window above with honeycomb blinds, oversized single vanity top with doors and drawers, designer picture mirror and triple light vanity lighting, separate shower with ceramic tile surround.

Bedrooms 2 and 3 on main floor with neutral carpeting, double door closets, oak trim, and overhead lighting -- one with ceiling fan.

Main floor full bath with neutral vinyl flooring, tub/shower with ceramic tile surround, single vanity with double doors, overhead mirror and vanity lighting.

Huge lower level family room with neutral frieze carpets, neutral wall colors, plenty of space for game area, walkout sliding glass door, Lower level bedroom with frieze carpet and large walk-in closet, designer light fixtures, very nicely finished.

Lower level full bath with stone style vinyl flooring, granite style vanity top with rubbed bronze fixture, doors and drawers, picture mirror and designer vanity lighting -- tub/shower with brick style ceramic tile surround and custom tile inlay. Sharp!

Extra storage space area could be turned into and office area or movie room!

Utility space with furnace, hot water heater, sprinkler system controls, reverse osmosis system (seller has never used) air exchanger, water softener, aprilaire humidifier (seller has never used) and extra space for storage with separate access door.

Large spacious lot on cul-de sac with huge flat backyard, partial privacy fencing and multiple flowerbed areas, mature trees and some perennials. Maintenance free exterior with wrapped sofit and fascia.

Shannon Park Elementary, Rosemount Middle and Rosemount High

MN Energy Gas: $80.00 / average per month Dakota Electric: $85.00 / average per month

REALTOR® Magazine-Daily News-Borrowers Rush to Secure Gov't-Backed Loans

REALTOR® Magazine-Daily News-Borrowers Rush to Secure Gov't-Backed Loans

Daily Real Estate News | April 6, 2011 | Share

Borrowers Rush to Secure Gov't-Backed Loans
Purchase applications for mortgages increased 6.7 percent last week, reaching its highest level of the year, according to the Mortgage Bankers Association.

The MBA reports that government loan applications reached their highest level since May 2010, increasing 10.3 percent last week compared to the week prior.

Michael Fratantoni, MBA vice president of research and economics, attributes the surge to borrowers who were likely motivated to apply for government loans before a scheduled increase in FHA insurance premiums, which became effective last Friday.

Despite the sharp rise, however, purchase volume in mortgage applications still remains relatively low by historical standards, at levels last seen in 1997, Fratantoni adds.

Also, while purchase applications soared last week, applications for refinancing declined 6.2 percent last week, the lowest level since February.

Source: “Apps for Government-Backed Mortgages Surge Ahead of FHA Premium Hikes,” The Real Deal Online (April 6, 2011)

'It's Time to Buy Again,' says Fortune

'It's Time to Buy Again,' says Fortune

'It's Time to Buy Again,' says Fortune

TIME TO BUY: The cover story in the April edition of Fortune magazine trumpets that "housing is back."

"After four years of plunging home prices, the most attractive asset class in America is housing," proclaims Fortune magazine, one of the world's premier business publications, in its April cover story.

The article, headlined "The Return of Real Estate," explains that several market forces have created a more promising outlook for the industry. An excerpt:

So let's state it simply and forcibly: Housing is back. Two basic factors are laying the foundation for dramatic recovery in residential real estate. The first is the historic drop in new construction. The second is a steep decline in prices, on the order of 30% nationwide since 2006, and as much as 55% in the hardest-hit markets. The story of this downturn has been an astonishing flight from the traditional American approach of buying new houses to an embrace of renting. But the new affordability will gradually lure Americans back to buying homes. And the return of the homeowner will start raising prices in many markets this year.

The author, Senior Editor-at-Large Shawn Tully, acknowledges that demand has been extremely weak in recent years, but notes that a "remarkable shift in home affordability" and the cost of owning vs. renting bode well for housing's immediate future.

The second measure, the cost of owning compared with renting, should also inspire potential buyers. In 28 out of 54 major markets, it's now cheaper to pay a mortgage and other major costs than to rent the same house. What's most compelling is that in all of the distressed markets, owning now wins by a wide margin -- a stunning reversal from four years ago. It now costs 34% less than renting in Atlanta. In Miami the average rent is now $1,031 a month, vs. the $856 it costs to carry a ranch house or stucco cottage as an owner.

Some cities, especially those not immersed in foreclosures, will rebound sooner than others, Tully writes, but even the hardest-hit markets have reason for some level of optimism. One big reason: Investors.

"People always want to live in those sunny locales, and their job markets are starting to recover, albeit slowly. In foreclosure markets, the inventory problem is far greater because it includes not just traditional resale homes but millions of distressed properties. Fortunately those houses are now such a screaming deal that investors, including lots of mom-and-pop buyers, are purchasing them at a rapid pace."

The bottom line, Tully concludes, is that it's a great time to buy. His article's final advice for those on the fence:

Beat the crowd.

5233 173rd Street W , Lakeville, MN 55044