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981 Bells Ferry
Lumber City, GA 31549
Ryker Carter with Keller Williams Golden Isles, original listing - (912) 434-6477
$591,900
Conventional
Property
Bedroom
2
Bathroom
Full: 2
Property Type
Conventional
Square ft
2000 Square Feet
Property Description
Nestled in the heart of Wheeler County, Georgia, Bells Ferry Retreat is a historic gem spanning 75 picturesque acres. Built in 1845 for Dr. Mobley, this charming homestead invites you to envision horse and buggy rides along the old dirt roads of yesteryear. The property is steeped in history, once featuring the old Bells Ferry that gracefully crossed the Oconee River, connecting communities and creating memories from a bygone era. This home, which later served as part of a tobacco barn, has been lovingly restored over the years. Its original charm shines through with beautifully refinished antique floors, where you can still see the square-headed nails that tell a story of craftsmanship. Recently updated with high-speed internet lines, the property now offers modern connectivity while maintaining its timeless allure. This blend of old-world charm and modern convenience makes it ideal for both peaceful living and staying connected. Surrounded by lush landscapes with young and mature pines, the property is a haven for wildlife enthusiasts, located in prime deer country and just a short drive from the Oconee River boat landing-ideal for fishing and outdoor adventures. A spacious shelter provides ample parking for all your needs, enhancing the property's functionality. Situated in the historic area known as the Forks of the River, where Cherokee Indians once settled, this unique retreat offers a blend of country living and deep-rooted heritage. With its serene surroundings and unparalleled history, Bells Ferry Retreat is truly one of a kind. It's a rare opportunity to own a piece of the past, located at 981 Bells Ferry Rd and just a short drive from Uvalda and Lumber City. Don't miss your chance to experience country living at its finest. This remarkable property won't last long!
Property Information
Lot Size
75 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1845
MLS Number
--
Location
Address
981 Bells Ferry
City
Lumber City
State
GA
Zip Code
31549
County
TELFAIR
Listing
Name
Phone
(912) 434-6477
Office Name
Office Phone
(912) 434-6477
Agent Name
Ryker Carter
Agency Phone
(912) 434-6477

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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.