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Tbd Muddy Springs Road
Magnolia, MS 39652
Jacob Cantrell with Doug Rushing Realty, original listing - (601) 876-3409
$1,795,000
Conventional
Property
Bedroom
--
Bathroom
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Property Type
Conventional
Square ft
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Property Description
Introducing the “White Wood Springs” Tract on the Tangipahoa River containing 480 acres in Pike Count, MS. This property is a multi-use/multi-opportunity tract that possesses a uniqueness that is second to none and will pull you right into its appeal at first sight. The property is conveniently located approximately 3mi west of I-55 at the Magnolia Exit and is 10mi north of the MS/LA state line. A short drive to Magnolia will give you all the comforts of home you need, yet has an “away” feel having large landowners and scattered residences in the area. The topography is rolling terrain varying from hilltop views overlooking the property to bottoms with a heavy canopy of virgin hardwoods shading the grounds. A great portion of the property is covered in large sections of towering virgin hardwoods in the bottoms and smaller sections of hardwoods throughout the tract as a whole. The balance of the property will be smaller natural hardwoods with mixed pine, 40 acres of 18-year-old planted pines, and a 40-45-acre section of sprayed natural pine. This is a true “untouched” hardwood tract that is rarely seen in this area of south Mississippi. Property also has approximately 1.25 miles of Tangipahoa River frontage, giving it a water-recreational aspect as well. You can sit in the shade under an old white oak and watch the river drift by while throwing a line out. Also, perennial Hurricane Creek runs through the property starting at the western property line joining the Tangipahoa River at the eastern property line. At mid-point of Hurricane Creek, there is a remnant of an old water wheel, dating back to the original settlers during the late 1800's. This property has a great set of trails accessing all points of the property with low-water crossings for Hurricane Creek, and access trails to the Tangipahoa River frontage. Property possesses a great hunting/wildlife attribute with water sources throughout and abundant food sources from the hardwoods. Property has not been heavily hunted, but has 7+ open food plots and miles of shooting lanes along the trail systems. Additionally, there are numerous foot trails through the bottoms leading to several prime areas for the bow hunting enthusiast. With all this, the property is a wildlife haven for whitetail deer, turkey, rabbit and squirrel. Ready for that perfect camp/homestead you've dreamed of and multiple sites with easy access to utilities to choose from! Come fall in love again! Asking $1,795,000
Property Information
Lot Size
480 acre(s) square ft
Property Type
Land-Other
Year Built
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MLS Number
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Location
Address
TBD Muddy Springs Road
City
Magnolia
State
MS
Zip Code
39652
County
PIKE
Listing
Name
Phone
(601) 876-7984
Office Name
Office Phone
(601) 876-3409
Agent Name
Jacob Cantrell
Agency Phone
(601) 876-3409

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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.