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1763 Highway 71 N
Bunkie, LA 71322
$375,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
3617
Property Description
Sitting right in the middle of the best fishing and hunting the south has to offer. Would be a perfect home away from home or a great hunting and fishing lodge to entertain family and friends. Home has been remodeled. Some of the many upgrades are a handicap walk-in shower, tankless endless hot water, 2 -4ton air conditioners, new plumbing, new electrical. The owner installed new fire breaks in the walls that were opened up. Remodeled master bedroom with walk-in closet, large, jetted tub. Large 2nd bedroom with walk in shower. The kitchen features a new island, new laundry room, walk in security vault for all your valuables. New windows and doors that are tinted. Security fence with electric gate and keypad. Home also features 1 acre fenced-in dog run. Tool shed is attached to home. The owner estimates that roughly 100,000 yards of soil could still be removed from the pond to be sold, easily creating cash flow from the property. Behind the home you will find the boat ramp to enter the bayou. Exterior and interior walls have R-30 sound proofing insulation (cement rock). A security fence runs down both sides of the property to the bayou. The driveway is lined with mature live Oaks the entire way to the back of the property, which is where the house sits, property has 21 mature pecans trees. It's the large pecans that they use to make candy. 40x 60 large red barn has 2 large drive through bays one on both sides, you can use to drive your toys in or your RV, the barn has an office in the middle. 2.5 acres of prime US 71 commercial property with over 500 foot of frontage on Highway 71. Property has a 60 x 90 cement pad ready for a barn 6 to 8 inches thick. Owners installed a brand-new waterline from the road to the house. All the black iron on the inside for the natural gas is brand new inside the house, secondary powerline from the pole was dropped under the ground to the home. Owners installed new breaker panel box on the outside of the home with extra breaker space for add-ons in the yard plus a 50 amp service to plug in your RV or a generator to power up those days when you have no power from storms. Property has a second gate out front for a second entryway that runs alongside the pond to the back to the barn. The home sits outside the city, but is still only a two minute drive to the grocery store or for all your needs in town. Located only 4 1/2 hours from Dallas four hours to Houston two hours from New Orleans. This home is a must see and one-of-a-kind call today for your private showing.
Property Information
Lot Size
11 acre(s) square ft
Property Type
Residential
Year Built
--
MLS Number
11271036
Location
Address
1763 Highway 71 N
City
Bunkie
State
LA
Zip Code
71322
County
AVOYELLES
Listing
Provider
Compass Real Estate Group LLC, original listing
Name
Compass Real Estate Group LLC
Phone
(318) 597-8876
Office Name
Compass Real Estate Group LLC
Office Phone
(318) 597-8876
Agent Name
Adam Bordelon

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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.