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1805 Williams Avenue
Natchitoches, LA 71457
$785,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
4468
Property Description
Country living inside city limits! This 5-bedroom, 4.5 bathroom home is located on desirable North Williams Avenue. Over 5.5 acres of land with no covenants. Water access to Cane River Lake to build a boathouse and an amazing outdoor area with pool gives you the best of both worlds. Enter into multi-purpose entrance with huge living area which is open to kitchen and dining. Two sided wood burning fireplace between living and dining. Tons of glass across back. The finest kitchen with giant island, 12 burners, 2 dishwashers and a stand-alone refrigerator and freezer make this kitchen a chef's dream. If that was not enough, there is a separate room with two beverage refrigerators, sink, and bay area. Room size walk in pantry. Four different bedroom areas in this home. Bedroom with on-suite bath off living area. Main bedroom has a room with a wall of closets, on-suite bathroom with soaker rub and separate tile shower, and privacy a main suite demands. Suite with living area, two bedrooms each with private baths, and huge storage room. AMAZING pool with outdoor fireplace and pizza oven. All bathrooms have been updated and both Ac units and hot water heaters are ap. 3 years old. Brand new whole house generator plus dehumidifier and spray foamed attic. Average City utility bill for the last 12 months is $452 for electricity, water, sewer and weekly garbage service. This house has a lot of potential with staircase to huge attic ready for conversion to more space. Large 30 x 30 shop in the backyard with electricity and water ran. Carport is 29' x 24'. Fenced back yard with garden area including grapevines behind back yard.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
1985
MLS Number
2415894
Location
Address
1805 WILLIAMS Avenue
City
Natchitoches
State
LA
Zip Code
71457
County
NATCHITOCHES
Listing
Provider
Bolton Realty, original listing
Name
Bolton Realty
Phone
(318) 471-9036
Office Name
Bolton Realty
Office Phone
(318) 354-0404
Agent Name
Janice Bolton

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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.