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607 First Street S
Rosebud, TX 76570
Irene Zapalac with Twin Lakes Ranch Realty, original listing - (254) 803-5276
$925,000
Conventional
Property
Bedroom
5
Bathroom
Full: 2
Property Type
Conventional
Square ft
--
Property Description
Step into a piece of history with the perfect combination of Victorian era architecture and modern amenities. Inside there are 5 bedrooms, office and 2 full bathrooms, one with a clawfoot tub! There are a lot of original features, such as the wrap around front and side porches, tall ceilings, 2 fireplaces, pocket doors and the original hardwood floors. The laundry room is convenient to the back door. The kitchen has built-ins and an eat at bar, which connects to the formal dining area and living area with a fireplace. Kitchen area also has the original built-in-China Cabinet. The home is completely insulated including the underneath area. The roof is only a year old and home has newer central air and heat. Also included is an Alarm System. The Solar Panels have a Generac System to lower utilities. There is a wonderful metal workshop with foam insulation and an overhang on two sides and two overhead doors so you can drive thru the building. There also is an older wooden shop which would be great for storage. Included on this property is a had dug water well that just needs a pump. It would be great for keeping the yard green. As you step out of the back of the home, you enter a covered bar-b-que, party area, which overlooks the backyard and pond. The front and side of the home have huge Live Oak Trees. The rest of the yard has Pecan Trees and Crap Myrtle trees. All of this sits on a pretty 8 acres with City Utilities. Property is just out of the City Limits of Rosebud. The property is fenced with black chain link fencing. Whatever your needs, this gem is primed and ready for your vision!
Property Information
Lot Size
8 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
--
MLS Number
--
Location
Address
607 First Street S
City
Rosebud
State
TX
Zip Code
76570
County
FALLS
Listing
Provider
Twin Lakes Ranch Realty, original listing
Name
Phone
(254) 422-3351
Office Name
Office Phone
(254) 803-5276
Agent Name
Irene Zapalac
Agency Phone
(254) 803-5276

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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.