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3357 Old Field Creek Road
Grassy Creek, NC 28631
Chris Barr with Realty One Group Results, original listing - (336) 846-8111
$399,900
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
--
Property Description
Nestled in a serene, park-like setting, this property spans approximately 3 acres of flat pasture with a stunning creek flowing through the heart of the land. The property is not in a flood zone and remained undamaged during the recent hurricane. Beyond the pasture, 10+ acres of wooded area offers natural privacy and a peaceful buffer. Ready for immediate use, the property features a 1BR/1BA tiny home with a kitchen and living area, along with a 2014 Shadow Cruiser RV equipped with 2 bedrooms and 1 bathroom. Four septic systems are already installed, with an additional approved site for 2BR septic system as designated by a soil scientist—ideal for adding future dwellings. Additional structures include two covered shelters that RV's could park under and a finished storage building that could easily be converted into another tiny home by adding a bath and connecting to septic. All furniture and furnishings convey in Tiny House and other Structures. as well. The upgraded electric system and spring water system provide reliable utilities. The spring system includes a 250-gallon reservoir, pump, pressure tank, sediment filter, and newly installed water lines. The system was recently cleaned and chlorinated for optimal use. A newly built circular road leads to a secondary building site on the ridge, expanding the potential of the property. Just minutes from the New River and less than 2 miles off Highway 16, the property offers year-round access and is conveniently located only 15+ minutes from downtown West Jefferson.
Property Information
Lot Size
13 acre(s) square ft
Property Type
Land-Other
Year Built
--
MLS Number
--
Location
Address
3357 Old Field Creek Road
City
Grassy Creek
State
NC
Zip Code
28631
County
ASHE
Listing
Provider
Realty One Group Results, original listing
Name
Phone
(336) 977-2060
Office Name
Office Phone
(336) 846-8111
Agent Name
Chris Barr
Agency Phone
(336) 846-8111

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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.