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0 Anderson County Road 314
Palestine, TX 75803
Cody Robertson with Whitetail Properties Real Estate, original listing - (830) 428-0096
$1,100,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
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Property Description
Nestled in the picturesque countryside of northeastern Anderson Co, Texas, this 140.9-ac tract offers a serene retreat with diverse natural features. Located just 5.8 mi southwest of Frankston and with long frontage along ACR 314 between FM 315 and FM 837, the property is easily accessible while maintaining a sense of seclusion. Whether you’re seeking a recreational paradise, a private escape, or an investment in timber and land, this property has much to offer. The gently rolling terrain features approximately 170' of elevation change, creating a dynamic landscape of ridges and draws with natural springs. The property is predominantly wooded with mature native pine trees interspersed with scattered hardwoods such as oak and hickory. The understory is exceptionally open, allowing for excellent visibility beneath the canopy and making it ideal for wildlife observation or hunting. One of the standout features is the approximately 12-ac section of a larger, mature lake situated in the northeastern corner of the property. With its blend of deep waters and shallow coves, this scenic lake offers excellent potential for recreational activities. The lake is fed by natural springs and a large watershed, maintaining stable water levels in most conditions. During wetter months, an earthen spillway transforms into a series of small waterfalls that feed into a creek south of the lake, adding to the property’s unique charm. Electricity is available in the area but has not yet been extended onto the property. With its diverse terrain, abundant wildlife, and stunning natural features, this 140.9-acre tract in northeastern Anderson County is a rare find. Whether you envision a private retreat, a recreational haven, or an investment in land and timber, this property is ready to fulfill your vision. Don’t miss the opportunity to own this unique slice of East Texas—schedule your visit today!
Property Information
Lot Size
140 acre(s) square ft
Property Type
Land-Unimproved Land
Year Built
--
MLS Number
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Location
Address
0 Anderson County Road 314
City
Palestine
State
TX
Zip Code
75803
County
ANDERSON
Listing
Provider
Whitetail Properties Real Estate, original listing
Name
Phone
(903) 681-0713
Office Name
Office Phone
(830) 428-0096
Agent Name
Cody Robertson
Agency Phone
(830) 428-0096

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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.