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2822 Ms 4
Holly Springs, MS 38635
Jason Burch with Burch Realty Group, original listing - (662) 893-1700
$999,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
--
Property Description
333.68 +/- acres located on Hwy. 4 east of Holly Springs, MS. This is a majority wooded tract of land with mixed hardwood timber and huge, scattered volunteer pines. The abundance of wildlife on this property is amazing with a large turkey and whitetail deer population not to mention all of the other small game running around. There is a small 3 BR, 1 BA brick home on the property that could be renovated into the perfect hunting camp or weekend getaway. Numerous other old cabins, barns and structures scattered around the property. The rolling topography of the land makes it perfect for hunting or a recreational tract for 4 wheeler, dirt bike or horseback riding. A 2.5 ac lake and several small ponds scattered throughout the farm allowing for fishing and a year around water source for wildlife. The property adjoins other large farms that have implemented strategic wildlife management plans enhancing the quality of deer in this area and the turkey population. Many great building sites throughout with access to electricity and public water which is available along Hwy. 4. This is a very raw tract of land that has had little to no activity on it in years. Multiple open fields that can easily be converted into food plots. With a little work this land could be made into a showplace that you dream of owning.
Property Information
Lot Size
333 acre(s) square ft
Property Type
Land-Other
Year Built
--
MLS Number
--
Location
Address
2822 Ms 4
City
Holly Springs
State
MS
Zip Code
38635
County
MARSHALL
Listing
Name
Phone
(662) 274-4935
Office Name
Office Phone
(662) 893-1700
Agent Name
Jason Burch
Agency Phone
(662) 893-1700

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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.