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525 Becker
Brookhaven, MS 39601
Sydney Wilson with Betsy Smith Properties, original listing - (601) 833-6305
$385,000
Conventional
Property
Bedroom
2
Bathroom
Full: 3
Property Type
Conventional
Square ft
3491 Square Feet
Property Description
This unique brick home was custom built to exude ambience and a traveler abroad mindset. This 2 suited home with 3 bathrooms touting a 3,491 sf floorplan inspires a host of entertaining. The serpentine brick wall adorning the side and front yards is but a treasured landmark here on the corner of Storm and Becker. The circle drive with brick bridge leading to the front porch with extra wide brick columns spanning the front and commanding attention. Through the two wood front doors land in the foyer with a botanical mural and complemented with a massive living and dining room with an inverted tray ceiling and floor length windows allowing natural light to flourish. Across the foyer, the primary suite with a full wall of built ins, doors out to the covered brick patio and a bathroom with two closets, separate tiled shower in water closet, dual sinks along a mirrored wall with vanity and additional drawers , cabinets and built in jewelry and lingerie armoire. The den/ informal eating room with raised brick hearth and brick wall opposite the pecky Cypress wall in the den. a testament to the quality of building materials. The sliding glass wall offers a gorgeous view of the covered back patio into the backyard and gunite swimming pool. The tremendous pocket doors lead us to a room with stained glass window from the old courthouse and reminiscent of the craftsmanship throughout. This room houses a full bath with shades of blue and big and fern wallpaper accentuating the era. Our kitchen is just around the corner with white tones and large goldfish or koi giving you a whimsical oriental vibe with Asian accents. And down the hall we have our full laundry with cupboards and cabinets, our workshop room which is the same size as a full garage.and continuing down the hall with more storage behind more louvered doors we take a slight incline to our second bedroom suite. Floor tiles embark on a Mexican clay inspired with large Arabesque floor tiles.. Ceiling beams, fireplace with beautiful mantle with a bayed view of the pool and grounds with its on kitchenette and full bath. This suite could also double as a pool house.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1962
MLS Number
--
Location
Address
525 Becker
City
Brookhaven
State
MS
Zip Code
39601
County
LINCOLN
Listing
Name
Phone
(601) 757-2083
Office Name
Office Phone
(601) 833-6305
Agent Name
Sydney Wilson
Agency Phone
(601) 833-6305

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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.