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272 Trenton Highway
Humboldt, TN 38343
Mason Warrington with Heritage Real Estate, Inc, original listing - (731) 784-8880
$1,200,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
4194 Square Feet
Property Description
INCREDIBLE 21 ACRE lot with a pond, a porch and a private entrance into a 4,700 square foot home. In addition to the stocked pond, this property--located on the former site of a 9-hole golf course--has a 40 x 60 wired shop, a storage/workshop building, a 3-car garage, a detached carport, and an emergency generator. A ramp provides easy access, and bathrooms are equipped with safety handles. The gas stove, the refrigerator and dishwasher are 5 years old. The roof is less than three years old. The kitchen has new flooring. There are three heating/cooling units. One is 5 years old, one less than 2 years old, one less than a year old. The ceiling fans are new. A private entrance--accessible by ramp--offers the opportunity for an in-law suite. Located in the South Gibson Co. School District, outside the city limits but less than five minutes to stores and shopping, this solid mid-century home provides comfort, convenience, and plenty of living space. Make your appointment to see it today! All information deemed accurate but is not warranted by the seller, company or REALTOR. This document is to be used for reference only and is not a valid part of the listing agreement between the buyer and seller. Square footage to be determined by appraisal. Lot lines can be verified by buyer via survey.
Property Information
Lot Size
21 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1971
MLS Number
--
Location
Address
272 Trenton Highway
City
Humboldt
State
TN
Zip Code
38343
County
GIBSON
Listing
Provider
Heritage Real Estate, Inc, original listing
Name
Phone
(731) 661-1419
Office Name
Office Phone
(731) 784-8880
Agent Name
Mason Warrington
Agency Phone
(731) 784-8880

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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.