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6365 Fm 2940
Cross Plains, TX 76443
Chris Barnett with Chris Barnett Real Estate, original listing - (325) 201-7679
$545,000
Conventional
Property
Bedroom
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Bathroom
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Property Type
Conventional
Square ft
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Property Description
Turnkey Recreational Property located in northern Brown County Texas with optional 400ac Deer Lease to Boot! 47 acres with fully furnished 900sf Barndominium with 1 Bedroom, 1 Full Bath, Bunk Area setup to sleep 6 comfortably, and Kitchen. There are 2 RV hookups, along with a 36 foot, 2005 Thor Toy Hauler setup to sleep 7 that is used as a Guest House. This will be a separate purchase if buyer elects to keep the unit. There is also 1200sf of Covered Patio & Cooking Area, along with 1200sf of Covered Barn Area for parking, storage, etc. The property is serviced by Coleman County Water SUD. Northern Brown County is known for producing great whitetail deer hunting as evidenced by the Bucks the current owner has harvested over the years (see attached Picture). Other game in this area includes hogs, turkey and various predators. Dove hunting around the tank has proven to be average to good depending on migration. The property is comprised of good native grass pasture as well as thick mesquite cover for the wildlife. Additionally, there is a nice size tank that has been stocked for fishing. There is 1 water well on the property but Owner has not utilized it, and does not know if it is still producing. Owner currently breeds native Texas Longhorns to maintain Ag exemption. Livestock available to buyer with acceptable offer. Fencing is excellent to average and does hold cattle. There is an additional 400 acre hunting lease potentially available to purchaser with acceptable offer and Owner approval. Lease includes all blinds and feeders currently in place. Additional equipment available to purchase separately include 32 horsepower 4wd Tractor with loader, shredder and hay spear, 2006 Kawasaki Trans Mule, 2014 CM Cattle Trailer, Club Car electric cart, and Hay buggy for feeding livestock. Exclusions: 1971 Airstream, Club Car cart with bed, Zero Turn Mower, Gun Safe, All wall hangings including mounts, Smoker and Blackstone Grill, Stainless cooking table: Continued
Property Information
Lot Size
46 acre(s) square ft
Property Type
Land-Ranch
Year Built
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MLS Number
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Location
Address
6365 Fm 2940
City
Cross Plains
State
TX
Zip Code
76443
County
CALLAHAN
Listing
Provider
Chris Barnett Real Estate, original listing
Name
Phone
(325) 201-7679
Office Name
Office Phone
(325) 201-7679
Agent Name
Chris Barnett
Agency Phone
(325) 201-7679

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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.