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2877 Ebebezer Rd Road
Lexington, MS 39095
$269,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3254
Property Description
This Holmes County home offers the best of both worlds - the old's charm and the new's convenience. If you have been considering a home in the country, consider this home situated on 4.3+/- acres located in Ebenezer. The home has four bedrooms, three baths, and a two-car garage at the rear of the home with storage rooms in the garage. A large den at the lower rear entrance is one of several focal points. The den has surround sound for entertaining, gas logs for ambiance, bookshelves for your favorite books, formal dining, a full bath, and an adjoining private office. Walk up the hardwood staircase to a warm kitchen with a granite island and counters, double oven, dishwasher, breakfast nook, and enclosed laundry room. A cozy sitting area off the kitchen offers adults an area for conversation, studying for kids, or reading. The main entrance has a beautiful front porch that reflects the charm of the old, original stained glass windows facing the street and a grand hallway at the front door. This area has many uses and is accented with transom windows over all the doors, including three bedrooms. Two of the bedrooms have private baths. The floors are carpet in bedrooms, hardwood in the kitchen area , small den, hall and laundry area. The property has plenty of storage inside and out. A 60x40 metal shed can hold all your equipment from campers, boats, ATVs, and tractors. A detached two-car garage provides additional secure storage and the maximum secure storage of a 40'40' shipping container. The property has two portable storage buildings with power connections. This property is within 50 miles of the Metro-Jackson area and about 8 miles from I-55 access. All showings will require prior notice since the home is currently occupied.
Property Information
Lot Size
4 acre(s) square ft
Property Type
Residential
Year Built
1890
MLS Number
4072561
Location
Address
2877 Ebebezer Rd Road
City
Lexington
State
MS
Zip Code
39095
County
HOLMES
Listing
Provider
Tom Smith Land and Homes, LLC, original listing
Name
Tom Smith Land and Homes, LLC
Phone
(601) 454-9397
Office Name
Tom Smith Land & Homes
Office Phone
(601) 898-2772
Agent Name
Samuel D Sample

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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.