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3855 Co. Rd. 308
Troy, AL 36079
$379,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
--
Property Description
Welcome to your idyllic mini-farm retreat nestled between the charming towns of Troy and Elba in Alabama. This sprawling property boasts 10.2 acres of picturesque landscapes, offering you a harmonious blend of spacious living and rural tranquility. With a spacious 2,800 square foot house and a substantial 50x60 metal barn, your dreams of a serene country lifestyle are about to become a reality. As you arrive at this enchanting property, the first thing that captures your attention is the vast expanse of land stretching before you. The property is situated in the highly-regarded Zion Chapel School District, ensuring excellent educational opportunities for your family. The gently rolling terrain is adorned with lush greenery, creating a soothing backdrop that encourages relaxation and rejuvenation. The heart of this mini-farm is the elegant 2,800 square foot house that stands as a testament to comfort and style. The house harmoniously combines modern convenience with a touch of rustic charm, making it a welcoming sanctuary you'll be eager to return to every day. The interior is thoughtfully designed with spacious rooms that allow for both privacy and togetherness. Natural light floods through large windows, illuminating the warm color palette and enhancing the inviting atmosphere. The kitchen, the heart of any home, is a culinary haven with modern appliances, ample counter space, and storage for all your culinary essentials. It's a space where family meals are prepared with love and where stories are shared over hearty dinners. The living areas exude coziness, offering plenty of space for relaxation or entertainment. Whether you're curling up by the fireplace on a chilly evening or hosting gatherings with friends, these spaces are designed to accommodate your every need. Stepping outside, the enchantment continues. The 10.2 acres of land offer endless possibilities for your outdoor aspirations. From gardening and cultivating your own produce to raising a few animals or simply enjoying leisurely strolls through your own private oasis, this property caters to your desire for connection with nature. A prominent feature on the property is the expansive 50x60 metal barn. This versatile structure can house your equipment, provide ample storage for tools and materials, or even be transformed into a hobbyist's haven. Its sturdy construction ensures longevity and functionality, adding another layer of value to this remarkable property. Situated conveniently between Troy and Elba, you're never too far from urban amenities, yet you'll relish the peace and quiet of rural living. Whether you're seeking a weekend getaway, a place to raise a family, or a tranquil retirement haven, this 10.2-acre mini-farm offers it all. Embrace the allure of the countryside and seize the opportunity to make this exceptional property your own.
Property Information
Lot Size
10 acre(s) square ft
Property Type
Residential
Year Built
1970
MLS Number
11203033
Location
Address
3855 Co. Rd. 308
City
Troy
State
AL
Zip Code
36079
County
PIKE
Listing
Provider
Unique Southern Properties, original listing
Name
Unique Southern Properties
Phone
(334) 535-0242
Office Name
Unique Southern Properties
Office Phone
(334) 535-0242
Agent Name
Tracy Flowers

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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.