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460 County Road 1010
Lampasas, TX 76550
$1,450,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3246
Property Description
BREATHTAKING, best describes this amazing custom-built home nestled on 23 acres featuring some of the prettiest Post Oak Trees you will ever see. No exaggeration here, the iron gated entrance and long driveway takes you through a park-like setting up to the home that’s HGTV worthy. This exquisite property is located at the dead-end of CR 1010 offering amazing privacy. The owners spared no expense with upgraded features when constructing the home, including custom molding and trim; high-end light fixtures, beautiful custom-built cabinets and gorgeous stained concrete floors to name a few. Both the formal living and family room feature their own stone wood-burning fireplace that are perfect for entertaining family and friends. The fabulous kitchen features an oversized breakfast bar, decorative island and gorgeous Granite countertops. To impress even the most avid cooks, the kitchen also features plenty of cabinets and countertop space, stainless steel appliances and a large pantry. The master bedroom suite is split from the secondary bedrooms to allow privacy and features a massive walk-in closet. The master bathroom is on another level, with its oversized walk-in/out shower (with dual shower heads) separate custom vanities and elevated freestanding tub that is the perfect statement piece for this amazing room. The secondary bedrooms are also very spacious and offer oversized closets as well. The massive back patio is as good as it gets and offers fantastic hill country sunsets. But it doesn’t end there, it also features an open custom-stone patio that overlooks a breathtaking pool with an infinity hot tub, stone waterfall and large gazebo just perfect for summertime BBQ’s—truly a sanctuary! Other features of this amazing property include: high-end standing seam roof, oversized 3-car carport, multiple iron-fenced holding pens for farm animals and a 1200 sq ft insulated shop with an attached covered area for UTV and farm equipment storage and much much more!
Property Information
Lot Size
23 acre(s) square ft
Property Type
Residential
Year Built
2009
MLS Number
538770
Location
Address
460 County Road 1010
City
Lampasas
State
TX
Zip Code
76550
County
LAMPASAS
Listing
Provider
Mossy Oak Properties of Texas, original listing
Name
Mossy Oak Properties of Texas
Phone
(940) 781-8475
Office Name
Mossy Oak Properties of Texas
Office Phone
(512) 734-1204
Agent Name
Ronald Bumpus

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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.