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192 Hoskins Road
Auburn, KY 42206
$449,000
Conventional
Property
Bedroom
2
Bathroom
2
Property Type
Conventional
Square ft
1905
Property Description
Country living at its best! This +/- 11.45 acre homestead boasts privacy and tranquility in a gorgeous setting! Located in scenic Logan County, it is just 20 minutes from Russellville, 35 minutes from Bowling Green, and about an hour and 15 minutes from Nashville, offering solitude with convenience close by if you want to head to town! The approx. 1905 sq. foot, 2 bedroom, 1 1/2 bath home was built in approx. 2021. It has an open floor plan and high ceilings covered in beautiful wood! It has wood heat to keep you cozy and mini splits for air conditioning to keep you cool after a long day of work. The home was built with 2x6 shelf, horizontal bracing and is insulated with six inches of foam insulation in the walls and ceiling for easier heating and cooling. It has a well for the water supply with a two-filter system and pressure tank. Modern touches, like the granite countertops in the spacious kitchen, add high end convenience to the charm. Entering the property, there's a solar powered gate with keypad and remotes. There’s a 4 ft. tall woven wire fenced pasture and stock pond. The first of two outdoor metal buildings is 40x25 inside with an attached 14x40 covered shed to the side, and is wired for electric. The second metal building is 40x30 with an attached approx. 10x10 chicken coop, and is also wired for electric. This property also has a fenced garden spot. A large, stocked pond sits beautifully in front of the home. It's approx. 20 ft deep at the dam, and is stocked with bass, channel cat, black crappie, hybrid bluegill, red ear, and grass carp. This property is A MUST SEE with tons of potential for a peaceful, self-sufficient life-style!
Property Information
Lot Size
11 acre(s) square ft
Property Type
Residential
Year Built
2021
MLS Number
RA20242124
Location
Address
192 Hoskins Road
City
Auburn
State
KY
Zip Code
42206
County
LOGAN
Listing
Provider
American Land & Farm, LLC, original listing
Name
American Land & Farm, LLC
Phone
(270) 392-1172
Office Name
American Land & Farm, LLC
Office Phone
(270) 392-1170
Agent Name
Beth Meredith

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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.