New Subdivision, The Oaks of Kokomo, Holds Open House | Local News
What was once a ramshackle trailer park is now home to one of Kokomo’s newest subdivisions.
The Kokomo Oaks, located on 250 East just northeast of Kokomo, had their open house Thursday where the public and local officials were invited to tour one of the manufactured home designs on offer.
The new subdivision was formerly the Woodland Estates mobile home park. The mobile home park was ravaged by many dilapidated trailers, had major water and sewer problems, and was in the process of being condemned by the state.
In the summer of 2020, business partners Jennifer O’Keefe and Tupper Baker purchased the nearly two dozen acre property after seeing a need for affordable new construction homes in the Kokomo area. The two spent the next year leveling and cleaning the property and fixing water and sewer problems.
Now the land has been subdivided to accommodate up to 60 separate lots which are for sale. Five lots have already been sold since last summer.
Baker, a Tennessee resident who has more than three decades in the real estate business, and O’Keefe first made their first foray into the city of firsts when they purchased the Kokomo Estates mobile home park, selling it a year and a half later to focus on Les Chênes de Kokomo.
Homes range from 1,000 square feet to 2,300 square feet and from three to five bedrooms. Pricing ranges from $147.00 to $230,200 and comes in multiple floor plans. Buyers can design and upgrade some of the home’s features to include everything from flooring type, kitchen islands, garages and carports, to tiled showers, tubs, porches and porches. terraces.
The company also works with banks that specialize in manufactured homes, offering FHA loans, conventional loans, flexible terms and approvals for those with lower credit scores. In particular, the buyers will own both the land and the house.
Part of Thursday’s open house was aimed at dispelling any possible negative stigma attached to the manufactured homes of the past. The model shown on Thursday – The Loft – featured an island kitchen, stainless steel appliances, an open concept, a soaking tub in the master bathroom and two living areas.
“These aren’t your dad’s manufactured homes,” said Paul Wyman, chief broker and owner of The Wyman Group, which is the development’s lead real estate agent.
“The industry is really changing,” added Baker. “There used to be a lot of plastic, but now builders are using metal. … If I take off your blindfold, you won’t know if you’re in a built site or if you’re in a prefabricated house.