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2889 Old Church Drive Nw
Wesson, MS 39191
$310,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1700
Property Description
MOTIVATED SELLERS! You don't find a renovated home with acreage in Loyd Star very often but here it is. This 3 bedroom, 2 bath home has been renovated and is ready for a new owner. The living room has fresh neutral paint, new lighting and all new luxury vinyl laminate flooring. New windows were installed throughout the home. The kitchen was given new cabinets, new paint, an island and granite countertops. Off the kitchen is a sun room/dining room with large windows that give you a magnificent view of the property behind the home. There is a pantry and laundry room as well as a totally renovated bathroom down the hallway off the kitchen. The primary suite has new flooring, lighting and paint as well as a walk in closet. The primary bath has a freestanding tub with a floor mounted faucet and a tiled shower with 4 shower heads including a dual rainfall shower system. When you add in the new lighting and double sinks, this bathroom feels like a spa. Upstairs there are two other bedrooms which were given fresh paint. A tankless hot water heater, all new Hardy siding, and a new central heat and air conditioning system were also added to the home. New brick skirting protects underneath the house and a double carport protects your cars as well as you in inclement weather. At the back of the property is a small playhouse, a shop, and a place where a mobile home once was located that still has water and a septic tank if ever needed. An old barn used for storage is on the property from years gone by and a pump house with a bricked porch for sitting by a fire pit Is also available for cool nights. This one has all you need and it sits in the much desired Loyd Star school district. Call now to schedule a private showing.
Property Information
Lot Size
11 acre(s) square ft
Property Type
Residential
Year Built
2003
MLS Number
140673
Location
Address
2889 Old Church Drive NW
City
Wesson
State
MS
Zip Code
39191
County
COPIAH
Listing
Provider
Cabin & Creek Real Estate, original listing
Name
Cabin & Creek Real Estate
Phone
(601) 810-2104
Office Name
Berkshire Hathaway HomeServices - Cabin & Cre
Office Phone
(601) 810-2104
Agent Name
Melaine Daigle

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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.