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152 Troy Road
Abbeville, SC 29620
$225,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
--
Property Description
A very unique property! This 3BR/2BA home is on about 4 acres and nestled inside the Sumter National Forest. This property is within walking distance to: horse riding trails, hiking trails, mountain biking trails, ATV/dirt bike riding trails, and public access to hunting land overflowing with state record deer. This property is also close to Parsons Mountain State Park, as well as a short drive to Lake Secession and Lake Russell. This small farm is setup to produce tons of food as it has over 130 mature blueberry bushes, aronia berry bushes, muscadine, and over 50 mature assorted fruit trees, like apples (several varieties), Asian pears (several varieties), figs (several varieties), pineapple guavas, mulberries (5 different varieties), Trifoliate citrus, exotic giant bamboo varieties, several hundred feet of established asparagus beds and hazelnuts. It was also set up to produce assorted veggies and leafy greens all year long. These land plots could also easily be converted back to raising livestock as they have been used to raise horses, cows, goats, pigs, and chickens in the past. There is a 3 stall barn that is full of farm/homestead related tools, equipment, growing trays, garden supplies, etc. Two 16ft x 50ft greenhouses are also included. The property is completely fenced and cross fenced with multiple gates and paddocks. This small, peaceful farm produced tons of food for its owners as well as provided an income by selling fruits and vegetables at the farmers markets all year long. This is a tranquil, remote, one-of-a-kind place, with great neighbors nearby, yet only several miles away from a hospital and grocery store. It is perfect for anyone interested in growing their own food, and/or keeping horses or livestock. Offered for $225,000!
Property Information
Lot Size
4 acre(s) square ft
Property Type
Residential
Year Built
--
MLS Number
20272684
Location
Address
152 Troy Road
City
Abbeville
State
SC
Zip Code
29620
County
ABBEVILLE
Listing
Provider
SILVER STAR REAL ESTATE, LLC., original listing
Name
SILVER STAR REAL ESTATE, LLC.
Phone
(864) 225-1883
Office Name
Silver Star Real Estate
Office Phone
(864) 225-1883
Agent Name
David Phillips

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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.