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00 Steel Creek Rd
Georgetown, MS 39078
Chris Wolff with Mason & Magnolia Real Estate, original listing - (601) 265-8482
$93,600
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
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Property Description
Are you looking for an affordable tract that offer year-round recreation with a place to build a home or camp? Stop your searching. This is it! This 25.82+/- acre tract in Copiah Co, MS has everything that you need. Conveniently located a short distance from Hazelhurst and Georgetown, you'll be able to enjoy the peace and quiet of the country while still having easy access to the essentials in town. Near the front of the property, right off the freshly paved blacktop road, is a cleared opening that would be perfect for a home or camp while leaving the remainder of the property for hunting or relaxing at the creek. Power is accessible at the road, so no worries there! The property was planted in pines approx 28 years ago. The front 11+/- acres have been thinned once, making it very easy to clear trails or hunting lanes between the pines. The pine timber across the creek is the same age but has never been thinned. That area is much thicker making a great bedding area for wildlife. Along both sides of the sandy bottom Steel Creek, which runs through this tract, is mature hardwoods for summertime shade along the creek and natural food for wildlife during the hunting seasons. If you're a hunter that likes hunting on long lanes for the opportunity at a long range shot, there is also an underground gas line that runs the length of the property on the east side. For a tract this size, what more could you want? If the only answer that you can come up with for that answer, you're in luck! The adjoining 84.32+/- acres that adjoins this one that could also be purchased!
Property Information
Lot Size
25 acre(s) square ft
Property Type
Land-Other
Year Built
--
MLS Number
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Location
Address
00 Steel Creek Rd
City
Georgetown
State
MS
Zip Code
39078
County
COPIAH
Listing
Name
Phone
(601) 757-7968
Office Name
Office Phone
(601) 265-8482
Agent Name
Chris Wolff
Agency Phone
(601) 265-8482

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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.