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205 Baileyshire Lane
Jackson, AL 36545
$695,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
--
Property Description
Exquisite custom-built home on 8.59 acres in Jackson, Alabama. This home features 3 bedrooms and 3.5 baths with an additional 1 bed 1 bath mother-in-law suite and 3 car garage. The sellers have an additional 11 contiguous acres that could possibly be purchased along with this property. This property is located just 2 doors down from Jackson Academy and convenient to everything. You will love all the custom touches found throughout this beautiful home. This charming house has a low-maintenance brick, hardy plank shingle, and stacked stone exterior, a great welcoming front porch, and professional landscaping. You enter through the solid walnut front door to a spacious, light, and airy 2 story foyer with a pretty stairwell and a lovely chandelier that can be raised or lowered for cleaning at the turn of a key. You will notice the high-end finishes and many customized features including the walnut flooring, large, cased openings, crown moldings, plantation shutters across the front of the house, Peacock pavers, 10-foot ceilings down and 9-foot ceilings upstairs, surround sound system, tankless hot water heaters, and large banks of windows. The foyer is flanked by a graciously sized dining room with a large china cabinet/serving buffet and a living room with a stacked stone wood-burning fireplace and built-ins. This area flows easily to the back porch, patio, and separate screened-in porch just right for entertaining or relaxing. The kitchen has granite counters, stained cabinets, a breakfast bar, Kenmore Elite appliances, a rabbit pellet icemaker, a 6-burner gas range with pot filler and large exhaust hood, 2 extra wide convection ovens, a coffee bar, a large walk-in pantry, and an extra-large freezer side by side refrigerator. The kitchen is in an open concept to a keeping room with a casual dining space and breakfast bar dining. Just around the corner is a lovely powder room with a very pretty, copper glass sink. Off the main hall, you will find a handsome study with custom cabinetry and a spacious laundry room great for crafting with storage, hanging space, and a utility sink. The primary bedroom has plenty of space for sleeping and a great sitting area as well. It opens out to the porch and patio too. The primary bath has a jetted tub, a separate shower with agate floors, separate vanities, a water closet, and two great-sized walk-in closets with tons of storage. The bathroom is handicap accessible. Upstairs you will find 2 bedrooms, an ensuite bath, a hall bath, a computer room, a bonus room, and terrific walk-in closets. The house has a porte cachere and is attached to a 3-car garage with tons of organizational storage in the garage and great customizable space above to be built out to your liking. To the rear of the garage is a mother-in-law suite with a full bath and a kitchenette. This could also be a great detached office or entertaining space. The property has a detached Morton barn with EZ Glide barn doors, 4 horse stalls with feeding and watering troughs, power, and water as well as a tack room and RV hookups, and vehicle storage. Other features include programmable thermostats, a Rainbird irrigation system, spray foam insulation, ceiling fans throughout the house, Weather shield windows with low e glass, and a 30-year architectural roof put on in 2010. This property is great as a single-family home, but could also be a corporate retreat or lodge for people hunting nearby. You have plenty of space to live, relax and entertain every day at this beautiful property that is loaded with so very many extras. Make your appointment today to see everything this fantastic property has to offer.
Property Information
Lot Size
8 acre(s) square ft
Property Type
Residential
Year Built
2009
MLS Number
7166648
Location
Address
205 Baileyshire Lane
City
Jackson
State
AL
Zip Code
36545
County
CLARKE
Listing
Provider
LLB&B Inc., Real Estate, original listing
Name
LLB&B Inc., Real Estate
Phone
(251) 342-3200
Office Name
L L B & B, Inc.
Office Phone
(251) 342-3200
Agent Name
Melissa Morrissette

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.