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2001 Lakeshore Drive
Jacksonville, TX 75766
$598,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
2888
Property Description
SUMMER FUN is waiting on you....THE VERY best buy on gorgeous Lake Jacksonville (on main water) or any other lake for that matter. Summer is around the corner and with this property you will have tons of room for all your guests. Main home & guest qtrs consists of 2888 sqft, 100' of waterfront. Main home has TWO master bedrooms, 2.5 baths, like new guest hm offers 398 sqft, bed & bath completely remodeled , new CH&A, covered deck & new staircase. EXTENSIVE replacements & upgrades includes plumbing, electrical as well as electrical panels, (up to code), 2 new 3-ton A/C, and 2 new furness for main home, 1 2-ton A/C and 1 new furness for guest house. Every switch and outlet was replaced in both properties. ALL LED lights installed as well as replacing all plumbing. 2 new 50 gal water heaters in main home with shut-off alarm & overflow protection. Guest hm has new 40 gal water heater. Dbl pane LowE windows show off those breathtaking views of the lake. Cabin offers SolEx single panes windows. Bamboo wood flooring installed in main home & cabin. Professional painter used quality paint from Sherwin Williams for both properties, inside and out. Neutral color carpet installed on stairway, all new ceiling fans for both properties. Wood burning Fireplace plumbed for gas. New stone retaining wall with extensive tree removal, debris & clearing. Installed new gutters, new drain tile in driveway, 3 new septic pumps with 500 gallon holding tank & 2 hp grinder pumps. Kitchen & baths like new (re-surfaced), seller is conveying all appliances which include refrigerator, dishwasher, cooktop, oven & wine cooler. All hardware has been replaced! So much NEW (2022-2023) & such a great buy on the cleanest lake you'll ever find. Owner has taken great pride and care by replacing, remodeling to prepare the homes for the mkt. Both are in MINT condition. READY to move in & enjoy grilling with your favorite beverage watching the sunsets on your covered deck. Listed under appraised value!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1976
MLS Number
23015910
Location
Address
2001 Lakeshore Drive
City
Jacksonville
State
TX
Zip Code
75766
County
CHEROKEE
Listing
Provider
Ebby Halliday Jacksonville Office, original listing
Name
Ebby Halliday Jacksonville Office
Phone
(903) 589-8888
Office Name
Ebby Halliday, REALTORS®
Office Phone
(903) 589-8888
Agent Name
Vickie Lough

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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.