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20489 W Grove Club Lake
Whitehouse, TX 75791
$314,900
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1677
Property Description
This remarkable home offers an exceptional living experience, ideal for full-time residency or as an exquisite second getaway home. Step inside and be greeted by an inviting open floor plan, where the kitchen seamlessly connects to the living room, adorned with striking vaulted ceilings. The kitchen is a true culinary masterpiece, featuring a generous island resplendent with gleaming granite countertops. Beyond, you'll find more granite countertops that perfectly complement the elegant white cabinetry and a stainless steel dishwasher. Conveniently tucked off the hallway is the washer and dryer closet and the main bathroom, complete with a shower-tub combo for your daily relaxation. The master bedroom, thoughtfully separated from the other bedrooms by a rolling barn-style door, is a sanctuary in itself. It boasts an en-suite master bathroom with a shower and an expansive walk-in closet for all your storage needs. Venturing down the hallway leads to two additional bedrooms, both graced with vaulted ceilings. The rear bedroom opens up to the backyard through a sliding glass door, creating a seamless connection to outdoor living. The second bedroom features access to the 2-car garage, adding to the convenience of this splendid home. This property has undergone a comprehensive renovation and expansion. Originally constructed in 1935 with 952 square feet, it was meticulously gutted and remodeled. In 2020, a significant addition was completed, increasing the total living space to a generous 1,677 square feet. The property now boasts a 2-car garage and a welcoming concrete patio/porch at the front of the home. On the north side, an enclosed deck, featuring a luxurious hot tub, provides a perfect spot for relaxation. The property is fully fenced, ensuring the safety of medium to large dogs. Additionally, a generously-sized storage building on the north side and a lean-to storage area on the south side offer ample storage space for all your belongings. For water enthusiasts, the lakefront boathouse has been thoughtfully enhanced and rebuilt in 2020. Measuring approximately 12x16, it provides approximately 192 square feet of space for your enjoyment. The waterfront boathouse/cabin features a covered porch and boasts a new wooden deck on three sides. Inside, a small living area, complete with a half bath featuring a toilet and hand sink, offers comfort and convenience. The kitchenette includes a compact sink, an under-cabinet refrigerator, a small microwave, and a toaster oven, making lakeside dining a breeze. You'll also find a large black refrigerator outside under the front awning, ideal for storing beverages and snacks. There is a small detached storage building that has electricity beside the boathouse for storing things like gas, oil, fishing poles, and floaties. This property is a true gem, offering the perfect blend of modern luxury and practicality, both inside and out. Don't miss your opportunity to make it your own! Annual Taxes for home are $467.98, $36.00 for boathouse total per year $503.98.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1935
MLS Number
11232228
Location
Address
20489 W Grove Club Lake
City
Whitehouse
State
TX
Zip Code
75791
County
SMITH
Listing
Provider
United Country H5 Auction & Realty, original listing
Name
United Country H5 Auction & Realty
Phone
(903) 387-6647
Office Name
United Country H5 Auction & Realty
Office Phone
(903) 387-6647
Agent Name
Farrell Alexander

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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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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.