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827 County Road 233
Other, TX 76567
$1,600,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3000
Property Description
This private, 25.63 acre property offers country living at its finest with two homes, guest house, shops/barns and plenty of open spaces to make your own. Two homes sites sit near the eastern edge of the property, both of which are custom built with ample room to use for several families, rental possibilities, retreats and more. The first home is approximately 3,200 square feet and features a farmhouse feel from its stained concrete floors to an open living and kitchen area. The home has 4 bedrooms and 2.5 baths along with a large utility room and game room area. The home has a metal roof to stand the test of time. The outside of the home features a large, covered porch and additional storage spaces. The second home is approximately 3,000 square feet and also boasts 4 bedrooms and 2.5 baths. A large kitchen and dining area offers plenty of room to cook for the family. The living area boasts high ceilings too! The rear of the home has a new covered porch/parking area ready to go. This property has several barns, a chicken coop, and a nice metal ~30 x20 shop with concrete floor that is insulated and ready to use for storage or work. A small guest home is in place as well with a bedroom, kitchenette and living area. Use this for family, friends, guests and more. The property itself is is approximately 50% wooded with thick oaks, elms and cedar trees in the rear of the property. Plentiful game in the area for the hunter. There is a nice pond ready to use for livestock or fishing. Good perimeter fencing is in place, with the road frontage side being all pipe. The front of the property is mostly open with scattered oaks & good grazing for cattle or horses. Access comes via CR 233, which is a dead end. Located approximately 35 minutes from Taylor, 1 hour from B/CS, 10 minutes from Rockdale and under 20 minutes from the Sandow Lakes site. Additionally, its approximately 1 hour from the Round Rock area, 45 minutes from Temple/Belton.
Property Information
Lot Size
25 acre(s) square ft
Property Type
Residential
Year Built
2014
MLS Number
522127
Location
Address
827 County Road 233
City
OTHER
State
TX
Zip Code
76567
County
MILAM
Listing
Provider
TX Rec Land Real Estate, original listing
Name
TX Rec Land Real Estate
Phone
(512) 540-1555
Office Name
TX Rec Land Real Estate
Office Phone
(512) 540-1555
Agent Name
John Dean

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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.