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235 Jesse Jr. Rd.
Clayton, LA 71326
Stihl Smith with Brown Realty Co. of Rayville, Inc., original listing - (318) 728-9544
$799,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
1674 Square Feet
Property Description
Check out these two nice homes in Clayton, Louisiana, with one hundred and nineteen acres. This area in Catahoula Parish is known for its hunting and big bucks. This property also produces an annual income from CRP. There are 100 acres enrolled in the program that pays $11,768 a year until the end of 2029. When driving into the property, you will see a gorgeous hayfield that could be used for pasture, farming, or livestock, and it has Dundee Silt loam soils. The home on 188 Jesse Jr. Rd. is a brick home with a three-bedroom, two-bath built in 1994. This house has new floors and quartz countertops throughout the house. The total living area is 1,674 square feet, and a new roof was put on two years ago. The front porch is covered, and at the back of the house, there's a patio with a fire pit. Two sheds are here, and both of them have electricity running to it. There is also a new dishwasher, microwave, gas stove and faucets. The 235 Jesse Jr. Rd. home is a three-bedroom, two-bathroom with two living rooms and two fireplaces. The heated square footage is just under 2,000 square feet, and a new roof was installed four years ago. There is also a carport and back porch with a swing. This house was built in 1967, with an addition being added in 1985. Both of these homes have some beautiful hardwood trees that keep the yards shaded. This land has excellent back-up, and wildlife can come from any direction. You can hunt deer, squirrels, hogs, wood ducks, rabbits, and doves here. Big Cash Bayou runs through this hunting land. Miles of trails throughout the property make a great ride on a buggy. There are also food plots and shooting lanes already established. This would be an excellent place to homestead, and you could live off the land. It is situated seven miles from Clayton and 10 miles from Ferriday. The homes are not in a flood zone. You could move your whole family here and enjoy some country living.
Property Information
Lot Size
119 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1994
MLS Number
--
Location
Address
235 Jesse Jr. Rd.
City
Clayton
State
LA
Zip Code
71326
County
CONCORDIA
Listing
Provider
Brown Realty Co. of Rayville, Inc., original listing
Name
Phone
(318) 728-9544
Office Name
Office Phone
(318) 728-9544
Agent Name
Stihl Smith
Agency Phone
(318) 728-9544

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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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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.