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913 E Hwy 182
Bayou Vista, LA 70380
$2,195,000
Conventional
Property
Bedroom
4
Bathroom
8
Property Type
Conventional
Square ft
8834
Property Description
This custom-built French Manor sitting on 4 acres overlooking the legendary Lower Atchafalaya River offers majestic views of a long standing naturally occurring Cypress forest. The architecturally rich façade of roof lines, columns, and arches elegantly offer exceptional views among the colossal oaks gracing the grounds. The Hopkins firm created a historically based French style home with ceiling heights from 10 to 13 feet throughout the home, floor to ceiling windows overlooking the peaceful waterway, a 40-foot great room, pecky and sinker cypress wood features. The indoor/outdoor living areas include the vaulted 20-foot ridged indoor grill room with a built-in Wolf grill and a Pennsylvania Blue flagstone terrace. Southern hospitality and entertaining are easily achieved with the elegant open kitchen featuring Omega cabinetry and Travertine flooring, walk-in butler’s pantry, cypress wine cellar room, marble wet bar in the great room and a side entrance guest suite. The second floor entertainment area offers a spacious gym area complete with scenic views and wall mirrors. The luxurious primary bedroom wing includes an elegant vestibule, a 28-foot main room overlooking the waterway with French doors opening onto the terrace, an exquisite stone fireplace, a shower room complete with a morning coffee bar, a glamorous tub room with marble flooring, and a large custom shared walk-in closet. In addition to the bedrooms on the main floor, there are two bedroom suites off the second-floor entertainment area that are accessible by the grand staircase or the mahogany wood paneled elevator. Located approximately 90 minutes from New Orleans, Baton Rouge, and Lafayette, this home is an exceptional area to retreat to the rich culture of South Louisiana including the 18 hole golf course designed by Von Hagge, Smelek and Baril and a local airport. All measurements and flood zone information to be verified by the buyer. Call your favorite REALTOR today to schedule your showing.
Property Information
Lot Size
4 acre(s) square ft
Property Type
Residential
Year Built
2013
MLS Number
2023006535
Location
Address
913 E HWY 182
City
Bayou Vista
State
LA
Zip Code
70380
County
SAINT MARY
Listing
Provider
Associates of Preferred Realty, Inc., original listing
Name
Associates of Preferred Realty, Inc.
Phone
(985) 399-1414
Office Name
ASSOCIATES OF PREFERRED REALTY, INC.
Office Phone
(985) 399-1414
Agent Name
Glen Elliott

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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.