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14423 Azure Lane
Streetman, TX 75859
Julie Teel with RE/MAX LakeSide Dreams, original listing - (903) 654-3970
$550,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
1736 Square Feet
Property Description
Welcome to your Dream Waterfront Home! Nestled on 1.182 acres of picturesque land, this stunning 3 bedroom, 2 and one half-bathroom home offers the perfect blend of luxury, comfort, and outdoor living. With 1,736 sq. ft. of meticulously designed living space, this home is located on a protected canal just moments from open water, providing 212 ft of waterfront access. Enjoy your own 2-slip boat house, complete with a steel retaining wall and concrete walkway, perfect for your boat or water toys. One slip is currently set for 2 jet skis but can easily be converted back into a regular boat slip. This entertainer’s dream features a beautifully landscaped yard ideal for gatherings or relaxation. A firepit for all of the marshmallows and hotdogs roasts, and horseshoe pits for the perfect family competitions. Large shade trees provide a serene backdrop for outdoor enjoyment. Relax or dine al fresco under a large waterfront gazebo on a spacious concrete pad, offering the perfect spot to enjoy breathtaking water views. The backyard is fully fenced with a metal fence for pet security, allowing peace of mind as you enjoy the water views or keep the kids safe away from the water. A spacious garage provides ample room for vehicles, storage, or hobbies. Situated in the highly sought-after Azure Bay neighborhood, this property offers a low $400 annual HOA fee, ensuring a well-maintained and peaceful community environment. This home combines the privacy and tranquility of waterfront living with the convenience of a nearby protected canal, offering both comfort and fun in one perfect package.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2003
MLS Number
--
Location
Address
14423 Azure Lane
City
Streetman
State
TX
Zip Code
75859
County
FREESTONE
Listing
Name
Phone
(903) 654-3970
Office Name
Office Phone
(903) 654-3970
Agent Name
Julie Teel
Agency Phone
(903) 654-3970

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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.