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166 Otha Jones Road
Magee, MS 39111
$515,000
Conventional
Property
Bedroom
5
Bathroom
3
Property Type
Conventional
Square ft
3067
Property Description
Introducing 166 Otha Jones Rd - a stunning two-story home nestled on a sprawling 18.53-acre property. This spacious residence offers a comfortable and luxurious living experience with its impressive features and thoughtful design.Upstairs, you'll find two bedrooms and a well-appointed bathroom, along with a spacious living room and a floored walk-in attic for convenient storage. The bottom floor boasts a grand living room with scored floors, a large brick fireplace, and a magnificent cedar mantle. The fireplace is flanked by generous built-ins, while the vaulted wooden ceiling adds a touch of elegance. The large wooden front door welcomes you into the home, revealing a huge kitchen complete with an oversized bar featuring seating, granite countertops, and ample counter space. The kitchen also includes top-of-the-line appliances such as a gas cooktop, separate oven and microwave, and a dishwasher. With a window over the kitchen sink, the space feels bright and airy. The kitchen seamlessly flows into the dining room, which features under-step storage and provides access to a large laundry room. The laundry room is equipped with granite countertops, a slop sink with built-in shelves, a hanging rack, and a spacious walk-in pantry.The master bedroom, located on the main floor, is generously proportioned and features a large walk-in closet with built-in drawers. The accompanying master bathroom offers a luxurious retreat with separate his and her sinks, granite countertops, three large mirrors, a soaker tub, and a custom-tiled shower with a rainwater showerhead. Two additional bedrooms and a full bath are also located on the lower level, providing ample space for family or guests.Outside, you'll find a cozy gas log fireplace, perfect for outdoor gatherings. The property also includes a two-car carport, a large storage shed with an additional attic, and a shed with a 10ft roll-up door, concrete floors, insulation, electricity, and a separate entrance. The front porch wraps around the house, offering a charming spot to relax and enjoy the surroundings. There's even a two-car garage and a long gravel drive, providing plenty of parking space. The house is equipped with two tankless hot water heaters and two HVAC systems. The cooktop, hot water heaters, and fireplaces are all powered by propane, and there's an outside hook-up for a gas grill.Don't miss the opportunity to make this remarkable property your own. With its impressive features, vast acreage, and beautiful surroundings, 166 Otha Jones Rd is an extraordinary place to call home.
Property Information
Lot Size
18 acre(s) square ft
Property Type
Residential
Year Built
2016
MLS Number
4061829
Location
Address
166 Otha Jones Road
City
Magee
State
MS
Zip Code
39111
County
SIMPSON
Listing
Provider
Main Street Realty (MSR), original listing
Name
Main Street Realty (MSR)
Phone
(601) 849-3226
Office Name
Main Street Realty LLC
Office Phone
(601) 849-3226
Agent Name
Tiffany Kinslow

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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.