Information You MUST be pre-qualified before buying a Home.
Get pre-qualified by filling out our easy, 3 step form!
3218 Canaan Church Road
Crawford, TX 76638
$1,890,000
Foreclosure
Property
Bedroom
9
Bathroom
10
Property Type
Foreclosure
Square ft
3600
Property Description
The live creek runs year round through the more than 185 idyllic acres available in the heart of Texas. Locals say the creek is spring-fed and hasn't gone dry. Escape the hustle and sit on the porch and listen to the creek babble as the breeze blows through several red oak trees. Bring your livestock to graze on the fully fenced and improved pasture land. If this sounds like a retreat it has the beginnings of one. The gated entrance and up the Cottonwood Tree-Lined driveway leads to the traditional 4 bed, 3 and 1/2 bath home with an extra spacious formal living room, den off the extra large kitchen, formal and casual dining areas, and a primary bedroom with a sunroom/sitting room. With some work and updating, this home would be enough. But there is more opportunity available with this property. There is also a 5 unit apartment building and 10 r.v hook-ups plus two additional buildings; one with the beginnings of a snack bar and another could, perhaps, be a recreational building for visitors. It already has a steam/sauna but there is room for a pool table, ping pong table and weight/workout room. And although there is a pool that needs attention, it is nice that there is a pool already constructed. According to the Waco Convention and Visitors Bureau, in 2022 over 1.8 million tourists visited Waco and the surrounding areas. Agriculture and Census statistics cites Agri-tourism as a $949 million industry. And while this property is not perfect, it sure could be the perfect opportunity.
Property Information
Lot Size
185 acre(s) square ft
Property Type
Residential
Year Built
1974
MLS Number
214515
Location
Address
3218 Canaan Church Road
City
Crawford
State
TX
Zip Code
76638
County
MC LENNAN
Listing
Provider
Camille Johnson, REALTORS, original listing
Name
Camille Johnson, REALTORS
Phone
(254) 405-6162
Office Name
Camille Johnson
Office Phone
(864) 884-1531
Agent Name
Tom Waitley

Local Real Estate Expert

Real Estate Expert Photo for Kassy Williams
Kassy Williams
eXp Realty LLC
Call Today!: (254) 433-7449

USHUD.com on the Go!

Foreclosure Mobile App
Ushud Foreclosure iPhone App
Ushud Foreclosure Android App

HUD Foreclosures
Free Foreclosure Listings
Foreclosure Listings Increasing

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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.