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Lake Alan Henry 95 Ranch
Lubbock, TX 79330
JT Haynes with Triangle Realty, LLC, original listing - (806) 367-8334
$575,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
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Property Description
The Lake Alan Henry 95 Ranch is a rare offering of a year around recreational property located within 5 minutes of beautiful Lake Alan Henry. This outstanding property is located in Garza County, approximately 18 miles southeast of Post, Texas, and more specifically, located one mile north of North Ridge Drive and Grubbs RV Park at Lake Alan Henry. This ideal location provides for the ultimate summer headquarters for days spent on the lake. Enjoy summertime evenings with privacy and seclusion. Come fall and winter, the property makes for an ideal hunting camp. The ranch includes quality white-tail deer, turkey and dove.The ranch is all native pasture with mature mesquite, lotebush, sumac, ephedra, prickly pear, etc. Three game food plots provide an attraction for deer and other game. With ample county road frontage on the west, this tract would be easily divided providing excellent investment opportunities. Groundwater is a rare commodity in areas of Garza County. This property includes one operable water well with a water storage tank. A large earthen pond provides a nice swimming hole in the summer and an attraction for dove in the fall. This property includes a 3/2 cabin that is currently unfinished. The buyer can take advantage of this opportunity and have the home finished to their liking. The property is also improved with a metal shed. Offered with no reservations as to minerals or alternative energy rights. Mineral ownership in unknown. Groundwater is a rare commodity in areas of Garza County. This property includes one operable water well with a water storage tank. A large earthen pond provides a nice swimming hole in the summer and an attraction for doves in the fall. Improved with a metal shed and a three-bedroom, two-bath unfinished cabin, the ranch provides an opportunity for a buyer to create a home to their liking. Offered with no reservations as to minerals or alternative energy rights. Mineral ownership is unknown.
Property Information
Lot Size
95 acre(s) square ft
Property Type
Farm-Other
Year Built
--
MLS Number
--
Location
Address
Lake Alan Henry 95 Ranch
City
Lubbock
State
TX
Zip Code
79330
County
GARZA
Listing
Name
Phone
(806) 367-8334
Office Name
Office Phone
(806) 367-8334
Agent Name
JT Haynes
Agency Phone
(806) 367-8334

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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.