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3715 Unus Rd
Lewisburg, WV 24901
$489,000
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
2008
Property Description
Excellent opportunity, 1860s-era country home with four bedrooms, 1.5 baths, and 2008 sq. ft. Located a short drive from Lewisburg, this is a fantastic location for someone who wants to live in a farming community and, if necessary, to live off-grid. This 5-acre property includes a historic brick home with five wood-burning fireplaces. The private location has access via a private lane. The house has five fireplaces and a spring and would be easily convertible to off-grid living. Much of the work for preppers is done. Included are a barn, outbuildings, and a root cellar. Most of the remaining work is cosmetic. Recent renovations include cherry-insulated pane windows, a metal roof, Generac, cherry-insulated pane windows, a new drilled well, and solid cherry trim galore, and more. The home has four bedrooms and 1.5 bathrooms and includes approximately 2008 sq. ft. of living space, according to public records. The front porch is a great spot to enjoy the country with shade from a tree. SURROUNDING AREA Lewisburg, the commercial center of the Greenbrier Valley and the Greenbrier County seat, was voted the Coolest Small Town in America in 2011, combining the warmth of a close community with the sophistication of more urban locations. The Lewisburg history is well-known. The downtown offers year-round live productions presented at the State Professional Theatre of WV, Carnegie Hall, distinctive dining venues, antique shops, award-winning galleries/boutiques, and two summer-season farmer's markets. There is also a modern hospital and all attendant medical facilities, along with many big box stores. Lewisburg is home to the WV Osteopathic Medical School (600 students) and the New River Community and Technical College. The area is a strong economic generator with a solid workforce employed in county/state government, tourism, hospitality, medical, education, retail, construction, wood products, mining, and agriculture. The world-renowned Greenbrier Resort, a 10,000-acre world-class luxury resort with 800 rooms and 1600 employees, is located nearby in the sleepy little town of White Sulphur Springs. The 4-Star resort has a subterranean casino, is home to the PGA tour, the "Greenbrier Classic," and has restaurants and shops open to the public. It also serves as the summer practice facility for the NFL's New Orleans Saints. The Greenbrier County Airport, with WV's longest runway, is located just 15 minutes away. A picturesque train ride from nearby White Sulphur Springs connects the area to DC, Phili, Chicago, and many other locations. By car, DC is 4 hours away, and Charlotte is only 3. Within an hour's drive are located some of the finest recreational facilities in West Virginia: Winterplace Ski Resort, the 2000-acre Bluestone Lake, Pipestem State Park and Resort, the 80,000-acre New River National Gorge National Park, and whitewater rafting/fishing on the New River and Gauley Rivers. The new 10,600-acre Boy Scout High Adventure Camp, Summit (home to the US and World Jamboree) offers weekend visitors ziplining and canopy tours, ropes courses, climbing and repelling, mountain biking, as well as BMX and skate plazas. Five other area state parks and state forests offer unlimited hiking, horseback riding, ATV riding, and rock climbing opportunities. Snowshoe Ski Resort is a 90-minute drive through some of the most scenic country on the East Coast and provides the opportunity to visit the historic Cass Scenic Railroad State Park. In addition to the Greenbrier Resort golf courses, several other area golf courses are available in the area - including Oakhurst Links, America's first golf course, where guests play using old-style hickory-handled clubs and ground-burrowing golf balls!
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
1860
MLS Number
11219796
Location
Address
3715 Unus Rd
City
Lewisburg
State
WV
Zip Code
24901
County
GREENBRIER
Listing
Provider
Foxfire Realty, original listing
Name
Foxfire Realty
Phone
(304) 645-7674
Office Name
Foxfire Realty
Office Phone
(304) 645-7674
Agent Name
Randy Burdette

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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.