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1580 Davis Road
Terry, MS 39170
Allison Daniels with NuWay Realty MS, original listing - (601) 941-2846
$369,000
Conventional
Property
Bedroom
3
Bathroom
Full: 4
Property Type
Conventional
Square ft
2784 Square Feet
Property Description
What a find!! Nestled in a quiet spot on 3.8 acres, surrounded by trees, a pond, and lots of beautiful trees, this 2800 square foot retreat is the dream home that you've been waiting for! This home was custom built by a builder for himself in 1999. Since then only one other owner has resided here, but it has been meticulously maintained and cared for. Pride of ownership shows in every corner. Beyond the long front porch and upon entering the front door, you will find an open floor plan, including a large formal dining area and living space. The living room has a gas fireplace, built in features, and lots of space. The kitchen has beautiful granite countertops, a large pantry, an eat in kitchen, and tons of storage. Don't miss the large laundry room that features an additional oven, great for cooking and entertaining on the holidays! There is also a full bath with walk in shower in the kitchen. The master bedroom off of the living area features large windows, lots of space, and the master bath has double vanities, jetted corner tub, separate shower, and his and hers walk in closets! The guest bedrooms on the opposite side of the house are very spacious, have large closets, and the full bath in between features a storage closet and double vanities as well. Don't miss the bonus room upstairs! Perfect for a man cave, craft room, or whatever is best for your family! There is a full bathroom with an extremely spacious storage closet. Outside you will find a brand new deck, an area for a bonfire, and lots of space to roam. The pond in the back of the property is large and leaves more space to explore. There are so many perfect things at this property! Make sure you see them all. Call your favorite REALTOR today and schedule a private showing!
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1999
MLS Number
--
Location
Address
1580 Davis Road
City
Terry
State
MS
Zip Code
39170
County
HINDS (WEST)
Listing
Name
Phone
(601) 832-0968
Office Name
Office Phone
(601) 941-2846
Agent Name
Allison Daniels
Agency Phone
(601) 941-2846

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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.