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949 Morrow Crest Drive
Hernando, MS 38632
$899,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
3772
Property Description
EQUESTRIAN'S PARADISE Welcome to this professionally remodeled home where everything has been upgraded and enhanced. You'll notice slurried brick on the house and detached garage when you pull into the drive. Inside you'll find tons of upgrades including hardwood and tile floors, 2 gas fireplaces, (one in the master bedroom), vaulted ceilings, solid wood entry doors with custom iron insets. The master bath has dual shower heads, a whirlpool tub and large walk in closet. This split plan also boasts 3 additional bedrooms another full bath and guest half bath downstairs. Upstairs there is a second master with it's own bath and a theater room. The back yard is your own private resort with a custom pool, hot tub and pool house, designed with entertaining in mind. The pool house has a kegerator with 2 spigots, cedar cabinets, large stone fireplace, granite countertops, 2 TVS and a half bath. A Bugstomper fly system ensures that you can enjoy the area worry free. An aviary and cupola complete the space. The pool and pool house are surrounded by custom iron fencing with 4 access points. The detached oversized 3 car garage with upstairs studio, has wood flooring, vaulted ceilings, a 3/4 bath and it's own HVAC separate from the one that services the garage. THE BARN AND EQUESTRIAN ASPECTS OF THIS PROPERTY ARE AMAZING: There is a gorgeous 5 stall barn (36x72) with metal exterior and brick, stone capped knee wall. The fully custom interior has stained tongue and groove walls and ceiling with electric roll up doors and side access into lounge. Roomy 12x12 stalls have a unique floor system which consists of grated floor mats over a layer of sand and limestone for ultimate drainage and odor control. Each stall has wood/piped stall fronts with feed bin access, beautiful arched designed sliding doors., rear Dutch doors that open to a turn out pen, its own individual ceiling fan and lights. Even your horses get the spa treatment here. The industrial. brick wash rack offers the luxury of hot and cold water from an overhead swivel sprayer, 2 side mounted fans and custom built cabinetry for easy access to bathing supplies. The huge, temperature controlled lounge/tack room with laminated wood floor and separate tiled half bath and direct TV make hanging out close to your horses a pleasure. 14 ft ceilings, a beautiful chandelier and ceiling fans give it a comfortable, homey feel. There is an entry door from the barn exterior and oversized door from the aisle for easier access when carrying larger saddles. The barn has its own large, tiled laundry room with sliding barn door access, custom cabinets and an industrial sink. BUGSTOMPER Fly spray system throughout ensures even your horses enjoy a pest free home. The feed room has both a sliding interior door and a side access door, cabinets and a lighted ceiling fan. the tack closet and mounted wooden grooming boxes in the aisle way give easy access to grooming supplies and riding gear. The custom 95x140 riding arena has a slurried brick wall to match the house and garage with stone caps. The non erosive arena base with sand footing is sloped to drainage pipes for quick drainage of rainwater. There is a 4 horse hot walker, divided 3.5 acre turnout pasture with custom made Railroad Tie fencing and hand forged metal gates. Easy water access for filling water tanks.The area around the barn has lots of graveled parking for multiple horse trailers/boats etc... with plenty of room for turn around when pulling a larger trailer. There is a stocked pond for fishing and access to 40 acres of trails for hiking or riding.All of this on a dead end street with low traffic.-Listing agent or designee required to be present for trail ride area tour.-Sold as is. -Appliances in Pool house not working.
Property Information
Lot Size
8 acre(s) square ft
Property Type
Residential
Year Built
1999
MLS Number
4071518
Location
Address
949 Morrow Crest Drive
City
Hernando
State
MS
Zip Code
38632
County
DE SOTO
Listing
Provider
Burch Realty Group, LLC, original listing
Name
Burch Realty Group, LLC
Phone
(662) 893-1700
Office Name
Burch Realty Group
Office Phone
(662) 893-1700
Agent Name
Melanie Henderson

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Melanie Henderson
Burch Realty Group
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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.