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100 Walnut Street
Catherine, AL 36728
$319,900
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
2558
Property Description
Only a short 25 minute drive to International Paper Company! Welcome to this rustic 4 Bedroom, 3.5 Bathroom home that you'll love to come home to, where it's LIKE BEING ON VACATION EVERY DAY!!!! You have to check out the pictures, but they DO NOT do it justice! You'll be pleasantly surprised entering the home with its stately Fireplace, Pine Ceiling and Walls, and Wood Flooring with brick accents. The large main level Kitchen, featuring custom cabinetry and generous countertop work area, includes all kitchen appliances, beautiful Old Chicago Brick flooring, a desk area, and unique brick topped and Cherry Wood Breakfast Bar. The kitchen is large enough for your dining table and has French Doors opening to a spacious covered Deck, perfect for entertaining. The Master with en suite is on the main level and has another set of French Doors opening to the Deck. To finish out this level, there's a second and third Bedroom and a Bathroom. The loft area is open to view the main level and currently serves as a fourth Bedroom with attached Half Bathroom and walk-in Storage. The Basement, with its trendy Metal Walls, offers a large Gathering Room with a second Kitchen. The Laundry, a third full Bathroom, and room off the Kitchen which previously was used as a "Hot Tub" room completes the Basement. On the basement level is the Garage with 3 Bays and opens up to an additional covered area. Outside there's a detached Carport and Skinning Shed, with lights, power and water. Then the main attraction - the FIRE PIT & Outside Kitchen - where many a cook outs have been held and it just screams.... “Here is where the F.U.N. happens!!!!” Some additional info - Gas Logs, Sprayed Foam Insulation, Timed Irrigation System and Outdoor Night Lighting, Hardee Plank Exterior, Metal Roofing, Supplemental Gas Space Heat, and Termite Bond. Call us today where you'll be pleased with the workmanship and details throughout this well maintained home!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2006
MLS Number
544380
Location
Address
100 Walnut Street
City
Catherine
State
AL
Zip Code
36728
County
WILCOX
Listing
Provider
JPW, LLC DBA RE/MAX TRI-STAR, original listing
Name
JPW, LLC DBA RE/MAX TRI-STAR
Phone
Office Name
RE/MAX Tri-Star
Office Phone
(334) 244-2400
Agent Name
Tanya Dunnam

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HUD Foreclosures

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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Foreclosure Listings Increasing

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.