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932 Tea Cup
Junction, TX 76849
Jean Benz with JB Goodwin, REALTORS, original listing - (512) 502-7804
$1,850,000
Conventional
Property
Bedroom
7
Bathroom
Full: 5
Property Type
Conventional
Square ft
2904 Square Feet
Property Description
Exceptional Hill Country Ranch Compound with a gorgeous Custom home completed in '22 with the finest craftsmanship, Guest house, huge Workshop with Caretaker quarters, attached oversized RV parking pad and a storage building with covered parking! Located at the highly desirable gated Big Draw Ranches, this AG EXEMPT estate spans 66.67 breathtaking acres. Offering true privacy amongst a lush landscape of wildflowers and native trees that provide cover for wildlife for the hunting enthusiast in a captivating and serene setting! A well-fed pond supports wildlife that include White tail Deer, Axis, Turkey, Doves, Roadrunners and Hogs. Enter through a gated entrance that leads to the impressive home with stone exterior, accented by farmhouse vertical siding, standing seam metal roof and 2 covered patios. Enjoy magnificent morning sunrises, dramatic sunsets and starlit nights beside the stone firepit. This extraordinary residence is a balance of rustic elegance with superior artistry! Comprising of 3 bedrooms, 2 baths with 2,904 sq.ft. of living space and an attached oversized 2 car garage. The home features a light filled Great room with a vaulted ceiling clad with Colorado Milled Aspen, a wood burning stove, stained concrete floors and oversized windows to take in the wildlife and splendor of the property with stunning views of "Tea Cup Mountain"! Open concept of Kitchen with Dining and Living area make this an ideal layout for entertaining and relaxation. Gourmet Kitchen features custom cabinets and a breakfast bar hand-crafted of mesquite that is complimented by granite counters. Woodwork throughout the home is hand made by 1 cabinet maker - 100% solid hardwood of Knotty Alder for Kitchen cabinetry, Entertainment center, Bookcase, Mud/ Laundry room, Bath cabinets and Guest room Murphy bed. Interior doors of Solid hardwood Knotty Alder. Accent walls in the Primary Suite and 3rd bedroom (used as an office) are rough bandsaw cut Colorado Pine. The luxurious Owner's bedroom with 5-piece spa en-suite is a serene sanctuary! 2 spacious secondary bedrooms share a bath. The guest house is situated to afford privacy to the principal residence with a natural tree line. Custom built 2017 Palm Harbor "Big Bend" manufactured home with 4 bedrooms, 2 baths with 2,223 sq.ft. is filled with natural light! Open plan layout with living room featuring a wood burning stove. A fully outfitted kitchen to meet all your guests needs. Inviting Primary bedroom with oversized en-suite. Complete with an outdoor deck and a fenced area planted with fruit trees. Upgrades: spray foam insulation under the home, new water heater, HVAC upgraded, insulation package and double pane windows. For all your projects and toy storage is a 26x60 Metal Workshop, adjoining caretaker's quarters and attached 26x40 covered RV port with outdoor sink. Improvements: foam insulation, electrical, HVAC/Heat pump. There is a game cleaning station next to the workshop. Hunting blinds, on demand and timed feeding stations are provided for wildlife. Well yield of 20+ GPM with water level 114 ft. below land surface. Well and Pump house system upgrades, and a 2,800-gallon concrete holding tank. Residence and Guest house have dedicated Generac Generators, each supported by Propane Tanks. Residence, Guest house and Workshop with water softeners. Perimeter Fencing- five sides have 4- or 5-foot fencing, the Eastern side has posts with barbed wire. This remarkable Estate provides the consummate setting to entertain guests, hunt and experience the pleasure of the Hill Country while creating everlasting memories! Located 8 miles from Junction, 1 hr. to Kerrville and Fredericksburg, 45 min. to Mason, 11/2 hrs. to Boerne and just under 2 hrs. to San Antonio.
Property Information
Lot Size
66 acre(s) square ft
Property Type
Farm-Farm
Year Built
2021
MLS Number
--
Location
Address
932 Tea Cup
City
Junction
State
TX
Zip Code
76849
County
KIMBLE
Listing
Name
Phone
(512) 502-7804
Office Name
Office Phone
(512) 502-7804
Agent Name
Jean Benz
Agency Phone
(512) 502-7804

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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.