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1249 Us Highway 84 W
Teague, TX 75860
Katherine McSwane with McSwane Real Estate LLC, original listing - (903) 388-2024
$380,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
1588 Square Feet
Property Description
Looking for a spacious property with a unique blend of comfortable living & functional land? This charming rustic home might just be the perfect fit. Situated outside the peaceful town of Teague, TX, this great place offers a rural lifestyle while providing easy access to local amenities & community events. The single-story ranch-style house features three bedrooms & two full bathrooms, making it an ideal size for families who value both space & privacy. The property spans across 11+ acres, offering ample room for outdoor activities, gardening, or any farming interests. Another highlight is the livestock barn, which brings potential for agricultural or livestock projects. For those who enjoy DIY projects or need space for professional work, the workshop provides an ideal setting equipped for creativity and productivity. The landscape is grassy fields, a good sized pond, & a mix of trees. Over .3 miles of county road frontage on CR 866 and no restrictions provides the opportunity for additional developments. Beyond its physical features, the location just outside of Teague provides the benefits of small-town living while also keeping you in proximity to larger cities when needed: Waco - 50 miles, Dallas - 90 miles, & Houston 150 miles. This makes it a perfect balance for those who appreciate a quieter pace of life but still want access to urban conveniences.
Property Information
Lot Size
11 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1967
MLS Number
--
Location
Address
1249 US Highway 84 W
City
Teague
State
TX
Zip Code
75860
County
FREESTONE
Listing
Name
Phone
(903) 388-2024
Office Name
Office Phone
(903) 388-2024
Agent Name
Katherine McSwane
Agency Phone
(903) 388-2024

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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.