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281 Benson Rd
Silver Creek, MS 39663
Chris Wolff with Mason & Magnolia Real Estate, original listing - (601) 265-8482
$390,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
1342 Square Feet
Property Description
Don't miss this sportsman's paradise! Located in Silver Creek, MS, this 78+/- acre tract has everything you've been looking for! The charming 3 bed 2 bath well-maintained home offers the original hardwood floors & spacious bedrooms. The dine-in kitchen is the perfect place to gather around with friends and family and overlook the beautiful stocked pond in the backyard. An abundance of storage space along the hallway leads you to the primary bedroom with an adjoining private bathroom. Every square inch of this home was well thought out leaving no space wasted. Pear, Pecan, Magnolias and yes even Catawba worm trees surround this cozy cottage upon entry. Also on the property is a large outbuilding that has been used as a private office but could be used as so many other options such as a mancave, she-shed, home gym, game room, to name a few. Stepping outdoors, the first thing that you will notice is the peace and quiet. That peace can be enjoyed in so many different ways on this tract. Directly behind the home is a beautiful 2.5-acre pond that is easily accessible, draws the wildlife & is stocked with bream, catfish and bass. Bait a line and cast away! Those fresh air filled spring days are ahead of us. This is just 1 of 4 total ponds on the property. Just north of the large pond is a 3-acre field that could be a large deer food plot, a seasonal dove field, or even a small grazing pasture for a hobby farm. The deer hunter in you is going to absolutely love the back 50 acres! This tract offers very well-maintained internal road systems to be able to access the wooded areas, and you'll definitely want to see just how loaded this tract is with white oaks! Whether you're wanting to hunt on the open powerline, on one of the food plots that are already in place, or create your own plot, this tract of woods will not disappoint! The wildlife has no reason to leave this honey hole. There's even a small pond in the middle of the wooded area for the wildlife to drink without wandering too far. Across the road from the home, there is even 6+/- acres with an established driveway, built homesite, power, water, and septic already installed. This 6+/- acres even has its own pond on it as well. Don't sleep on this one! It has everything! **The Fridge will not remain with the home. Please do not approach the property without permission. The seller still occupies the home.
Property Information
Lot Size
78 acre(s) square ft
Property Type
Residential-Farm
Year Built
1955
MLS Number
--
Location
Address
281 Benson Rd
City
Silver Creek
State
MS
Zip Code
39663
County
LAWRENCE
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 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.