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4279 Fm 791
Falls City, TX 78113
Karen Gulick with South Texas Realty, LLC, original listing - (830) 393-0000
$2,500,000
Conventional
Property
Bedroom
3
Bathroom
Full: 3
Property Type
Conventional
Square ft
3100 Square Feet
Property Description
River View Ranch is a dream come true! A gorgeous home on 57.86 +/- acres surrounded by majestic trees, and a gentle slope down to the San Antonio River. River View Ranch is a mesmerizing property that seamlessly blends modern luxury with rustic charm. Nestled on beautiful acres of Ag Exempt ranch land, this beautifully renovated home boasts a little over 3100 square feet of living space. The extensive renovation, completed in 2018, introduced custom Alder cabinets throughout, insulated windows, granite countertops, and two tankless water heaters, ensuring comfort and efficiency. The chef's kitchen is the true centerpiece of the home and a culinary enthusiast's dream. Boasting high-end Bosch appliances including a double oven, French door refrigerator and dishwasher, as well as an incredibly large sit-at island, farmhouse sink, and pot-filler above the gas stove. Entertaining will be a delight with comfortable seating for four at the island, as well as the openness to the dining room and grand living room with stunning cathedral ceiling adorned with wood and exposed beams. The home offers a spacious design featuring three bedrooms, three full bathrooms, a study, a second living/sitting area and a multipurpose/game room. Storage is plentiful with a walk-in pantry and separate area with built-ins and room for additional refrigerators and/or freezers. A large laundry room includes a back door and third full bath, adding to the home's functionality and convenience. The primary retreat is a sanctuary of relaxation, featuring a tray ceiling, abundant natural light from windows on two walls, a backdoor, and an ensuite with heated floors, a large stand-up shower, separate vanities, and a spacious walk-in closet. The hall bath is equally luxurious, equipped with a Kohler Bubble Massage Air Bath and a glass block walk-in shower. The game room, with its custom built-in entertainment center and hidden room, promises endless entertainment. Outside, the covered back deck, complete with ceiling fans and mature trees shading the lush grass, provides a perfect spot for restful days. The crown jewel of River View Ranch is the over 3,210 feet of San Antonio River frontage, featuring the gentle babbling sound of water as it flows over rock outcroppings adding to the property's serene and picturesque ambiance. This is a MUST SEE!
Property Information
Lot Size
57 acre(s) square ft
Property Type
Farm-Farm
Year Built
1975
MLS Number
--
Location
Address
4279 FM 791
City
Falls City
State
TX
Zip Code
78113
County
KARNES
Listing
Name
Phone
(210) 531-6695
Office Name
Office Phone
(830) 393-0000
Agent Name
Karen Gulick
Agency Phone
(830) 393-0000

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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.