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975 Pashcall Road
Warrenton, NC 27589
Lawrence Green with Mossy Oak Properties Land and Farms, original listing - (252) 480-5263
$990,000
Conventional
Property
Bedroom
--
Bathroom
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Property Type
Conventional
Square ft
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Property Description
Have you been in the market for a beautiful and spacious, recently built, home with a separate large shop that resides on a pristine 43 acre cattle farm? This stunning home holds a breathtaking view across its property where you can step onto the back porch and look over the pasture land to the back which is just a mile away. The home currently has 2,370sqft that is heated and a completely unfinished 2nd floor that consists of over 2,000 more square feet that could be finished, making this home a combined 4,500+sqft residence! Located only 6 miles from Interstate I-85 it makes this location ideal for access to the surrounding cities. Once enroute you will be under an hour drive from both the growing triangle area of Durham and Wake Counties, also you can find yourself in the Richmond area within an hour and a half! With the main residence boasting an immaculate, free flowing floor plan with approx.2,370 square feet. It currently provides three (3) bedrooms and two (2) and one (1) half baths.The noted 9 ft ceilings present provide an expansive and flowing warmth as you walk throughout the entire home. A welcoming kitchen and formal dining area any chef would truly be envious of. A roomy (2) car garage is also attached with immediate access to the (1) half bath. It is also key to note that there is an additional over 2,000sqft upstairs that has not been finished and offers a blank slate to add additional square footage to the current floor plan; there is even plumbing already in place for a second floor full bathroom! A massive 30 x 40 shop with home office is also present on the property with no expenses spared for the construction. Featuring 2x6 framing and completely insulated. HVAC is present in the office and heat in the shop allowing one to work comfortably or to host guests for those fun fall farm activities! An engineered equipment lean-to is present on the back of the shop to protect your equipment investments from the elements.
Property Information
Lot Size
43 acre(s) square ft
Property Type
Land-Other
Year Built
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MLS Number
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Location
Address
975 Pashcall Road
City
Warrenton
State
NC
Zip Code
27589
County
WARREN
Listing
Provider
Mossy Oak Properties Land and Farms, original listing
Name
Phone
(919) 608-9315
Office Name
Office Phone
(252) 480-5263
Agent Name
Lawrence Green
Agency Phone
(252) 480-5263

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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.