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1781 Walnut Grove Road
Columbia, KY 42728
$459,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
2239
Property Description
By now most of us have seen that social media post about "just needing a cabin and the Internet", well here it is! This amazing place has so much to offer that you may never want to leave, and yes, it has great fiber-optic Internet service. This meticulously maintained, log-sided home features 4 bedrooms and 3.5 baths on 3 living levels with a walkout basement. Located on a quiet blacktop road with extremely light traffic, and beautiful South Central Kentucky woods all around. Inside, one is immediately struck by how beautiful and well-maintained this premium home really is. Everything is just as you would expect in a home of this caliber. The bright, spacious interior is accented by rich wood, windows that let the sun shine through, and every room looks like you saw it in a magazine. In addition to the gorgeous living space on the main and upper floor there's a partially finished basement that features a fully finished bedroom and bathroom, and casual space throughout, that isn't completely finished, but is great lounging space just the same. The walkout doors make a great private entry point for guests or family members. Two separate HVAC systems maintain maximum comfort, and an outdoor woodburning stove will also heat the entire home AND give you all the free hot water you need. Few things beat a wood fire, and the outdoor furnace takes the mess out of it. Outside there is a front porch that will make you want to sit there forever. Like a little more sun? The huge wraparound deck on the side and back is perfect. There's even a screened room off the deck for those warm Spring days that will be here before you know it, and that screened room has a private entry into the main bedroom suite. Beneath the deck a huge concrete slab patio serves the basement dwellers with lots of outdoor living space and walk-up access to the upper deck. A carport and a 24' X 24' garage/shop building will protect your toys and tools, and the nearby chicken house will help with breakfast. A 9'X21' greenhouse extends the growing season and gives you fresh garden fare well beyond frost. Are you loving this place yet? Wait, there's more! There's still a further getaway cabin at the back of the 8.26 acres. this 12'X16' insulated cabin has a pleasant porch, a bedroom, basic kitchen and a sleeping loft that just looks like a fun adventure. The allotted 2500 characters are just not enough to allow us to properly describe this premium property, so you will just have to come see it!
Property Information
Lot Size
8 acre(s) square ft
Property Type
Residential
Year Built
2006
MLS Number
SC45302
Location
Address
1781 Walnut Grove Road
City
Columbia
State
KY
Zip Code
42728
County
ADAIR
Listing
Provider
Patriot Realty - Auction LLC, original listing
Name
Patriot Realty - Auction LLC
Phone
(270) 380-1246
Office Name
Patriot Realty - Auction LLC
Office Phone
(270) 380-1246
Agent Name
Ken Hill

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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.