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11281 Highway 21
Forest, MS 39074
$1,750,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3500
Property Description
Upon leaving the highway, a 3/10-mile driveway leads to the stunning house overlooking the pond. The 3,500-square-foot house features a spacious 2,000-square-foot wrap-around porch, offering panoramic views of the picturesque 5-acre stocked pond filled with bass and bream, perfectly situated for sunset admiration. The screened back porch provides an ideal spot for sunrise views and boasts a beautiful wood-burning fireplace. The house is topped with a seamless metal roof. Inside, approximately 80-85% of the house is crafted from wood harvested from the property. With 4 bedrooms and 3 full baths, the house includes a living room with a striking 25-foot vaulted ceiling and a stone fireplace reaching to the ceiling, equipped with gas logs. Upstairs, a balcony with a sitting area provides a serene spot to gaze over the pond. The kitchen is a chef's dream, featuring custom-built cabinets, granite countertops, and a gas stove. A 500-gallon in-ground propane tank powers the on-demand water heater, stove, and gas logs. Climate control is ensured by two four-ton AC/heating units for the bottom floor and two two-ton units for the top floor. Additionally, there's a convenient 2-car open-style carport with a storage shed and a bathroom with a sink. The property also has a spacious 20x40 pole barn, walled on three sides, providing ample storage for equipment. This unique property spans approximately 180 acres, featuring an established road system and multiple sites for food plots. Abundant wildlife signs and frequent deer sightings make it a nature lover's paradise. The property being clear-cut five years ago, now has 5 year regeneration pines growing. This extraordinary house is truly a one-of-a-kind gem.
Property Information
Lot Size
180 acre(s) square ft
Property Type
Residential
Year Built
2019
MLS Number
4072769
Location
Address
11281 Highway 21
City
Forest
State
MS
Zip Code
39074
County
SCOTT
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
Colby Watson

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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.