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190 Hcr 3138 N
Bynum, TX 76631
Rick Lamoureux with Skylite Realty LLC, original listing - (214) 893-1184
$450,000
Conventional
Property
Bedroom
3
Bathroom
Full: 1, ½: 1
Property Type
Conventional
Square ft
1335 Square Feet
Property Description
Beautiful Secluded 12 Acres with Pond. This well maintained custom 2 story home features 3 bedrooms or large upstairs loft flex room and 2 baths is the perfect serene setting you could ever want. From the moment you drive down the long driveway to your new home you feel like all the cares go away and the huge deck with covered gazebo makes you just want to sit outside for hours while enjoying a drink, soaking up nature and overlooking the peaceful pond and livestock. This home was going to be the owners forever home, so they spared no expense upgrading and updating the home. Just to name a few, Completely updated custom kitchen cabinets with tons of storage, countertops, black stainless appliances, windows, blinds, spray foam walls and under house for energy efficiency, added half bath upstairs, full shower on 1st floor, HVAC, Water Heater and more! Walk in the front door and feel like your home or on vacation, tall souring ceilings, large windows with incredible views and tons of natural light, a kitchen that everyone can gather around for all the holiday meals and so much pantry storage if you’re a prepper, wonderful sized living room that’s open to the kitchen, great sized bedrooms with large closets for extra storage, separate utility room and separate entrance for guest if wanted. Hugh loft bedroom, game room or flex space for all of your needs including attic storage. A must see and this property is also agricultural exempt with a couple Donkeys and Goats.
Property Information
Lot Size
12 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2002
MLS Number
--
Location
Address
190 HCR 3138 N
City
Bynum
State
TX
Zip Code
76631
County
HILL
Listing
Name
Phone
(214) 893-1184
Office Name
Office Phone
(214) 893-1184
Agent Name
Rick Lamoureux
Agency Phone
(214) 893-1184

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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.