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2154 Fm 1801
Mineola, TX 75773
$2,950,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
3952
Property Description
Twisted Oak Ranch is one of a kind! For the discerning cattleman, the equestrian minded, or the outdoorsman, this place has something for everyone. From the immaculately designed main home complete with outdoor kitchen and saltwater pool and hot tub, on to the greenhouse and raised bed gardens, and the 3 stall, fully enclosed horse barn with tack room, every detail has been carefully and wonderfully planned. The main home is well designed, including a grand entry space with chandelier, vaulted ceilings in the one of the 3 living areas, and 3 fireplaces. The large kitchen has a Viking stove and is well set up for entertaining large parties. The back deck has beautiful views of the rolling hills and overlooks the 2-acre lake, and the side porch overlooks the saltwater pool and hot tub and contains the well apportioned outdoor cooking area. If the 2 acre lake is not enough water for you, the 2800 sqft newly remodeled lake house sits right on the bank of a 5.5 acre lake. The lake house is a perfect VRBO for additional income from the property, and will start producing income in April. Both ponds are well stocked for your angling pleasure! Largemouth bass greater than 5# have been caught. There is also a location to create an additional lake or shallow water duck pond as well. White tailed deer, hogs, furbearers and waterfowl are frequently seen on the property. Soils on the property are predominantly loamy fine sand with a little loamy bottom land. Fences are in good shape and the upland pastures, about 62 acres, are mostly coastal for grazing or haying. The bottomland pasture, about 9 acres, also has some bahia and broomsedge mixed in as well. The property would easily carry 25-35 pairs or 60-75 yearlings, and still have enough room for a few horses. To complete the package, there’s a set of cattle working pens, an enclosed 2-bay shop, and an additional shed roof barn that was previously a 3 stall horse barn. Come see this truly one of a kind offering today.
Property Information
Lot Size
107 acre(s) square ft
Property Type
Farm And Agriculture
Year Built
1997
MLS Number
24002374
Location
Address
2154 FM 1801
City
Mineola
State
TX
Zip Code
75773
County
WOOD
Listing
Provider
United Country Legacy Land Company, original listing
Name
United Country Legacy Land Company
Phone
(903) 593-0148
Office Name
United Country Legacy Land Company
Office Phone
(903) 593-0148
Agent Name
Jared Laing

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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.