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813 Mackey Rd.
Gilmer, TX 75645
$989,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
3088
Property Description
Experience the serenity of countryside living with the convenience of nearby amenities in this charming 3-bedroom, 2.5-bathroom home. Perched atop a picturesque hill, this residence is situated approximately one acre away from the road with sweeping views and a tranquil setting. Offering the ideal fusion of natural beauty and comfortable living, this property provides an idyllic retreat on 57 acres just north of Longview, off U.S. 259. Gilmer address but it is in Gregg County, just 10 minutes from shopping and restaurants. Built in 2005, this single-story brick home features tile and hardwood floors throughout, creating a serene atmosphere for relaxation and enjoyment. Inside, you'll find a vaulted ceiling in the living room and sunroom, a luxurious step-in shower and spa tub in the primary bathroom, and two spacious walk-in closets. The primary bedroom is strategically positioned on the opposite side of the house from the other two bedrooms, offering enhanced privacy and separation. Additionally, the two secondary bedrooms are conveniently connected by a Jack and Jill bathroom, providing functional and efficient living arrangements. The sunroom boasts five large picture windows overlooking a fully stocked pond and the surrounding woods. Built-in bookshelves and cabinets along one wall make for a perfect office space in the sunroom with a lovely view outside. Cozy up to the back-to-back electric fireplaces for warmth and ambiance without the hassle or odor of a traditional fireplace. Discover the ultimate man cave and workshop! This 30-by-50-foot insulated shop is equipped with a full bathroom, offering abundant space for hobbies and projects. Complete with a separate office area, it provides a dedicated space for work or relaxation, making it the perfect retreat for indulging in your favorite activities. A working well is available for outdoor watering, and a whole-house electric generator powered by a 300-gallon propane tank ensures uninterrupted power supply. A whole-house water filtration system guarantees clean water for all your needs. Most of the expansive 57-acre property is wooded, with creek bottomland and Glade and Witcher Creeks running through the eastern side. Perfect for hunting and outdoor activities, the property offers privacy with only one neighbor to the west. High-speed internet connectivity allows for remote work and entertainment, while the three-car garage accommodates large vehicles. Included within the acreage is a special bonus: a designated one-acre plot of land that has been cleared and is ready for the construction of a separate home. This provides the perfect opportunity for accommodating a relative or building an additional residence, ensuring both privacy and proximity for family members. Relax on the back patio under the starlit sky, listening to the serene sounds of nature. Wildlife abounds, with deer grazing in the pastures and various waterfowl visiting the pond, including geese, wood ducks, and a Great Blue Heron. This idyllic retreat offers the perfect blend of peaceful country living and modern conveniences.
Property Information
Lot Size
57 acre(s) square ft
Property Type
Residential
Year Built
2005
MLS Number
20242431
Location
Address
813 Mackey Rd.
City
Gilmer
State
TX
Zip Code
75645
County
UPSHUR
Listing
Provider
Coldwell Banker Lenhart, original listing
Name
Coldwell Banker Lenhart
Phone
(903) 753-0447
Office Name
Coldwell Banker Lenhart
Office Phone
(903) 753-0447
Agent Name
Suzanne Nutt

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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.