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195 Cr 1772
Jefferson, TX 75657
$998,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
2460
Property Description
Come get away to The Ranch! This beautiful home sits on 30.037 green, forested and pastured acres. This lovely Ranch style home offers 2,460 sq ft of living space with many windows letting the picturesque outside in. The main living space boasts beautiful Spanish Terracotta tie flooring. Enjoy the beautiful river rocked fireplace from living room, dining room or kitchen in the spacious open layout- perfect for entertaining! The sizeable master bedroom has a fireplace as well and an office/sitting area. The French doors look out across the vast back spread to view the visiting deer! Master bath has a sunken jetted tub to soak away the day and has a tub centered picture window for gazing across the lush green forest lined pastures. Master bedroom is on the opposite side of the house than the other bedrooms feeling like it is it's own wing completely. This home is also systemed to a Generac generator- lights will come back on in about 30 seconds after a power outage! There is an 832 sq ft detached garage nest to the home. Need more room for toys and animals? Well come on down to the barn! Huge barn is 60x70 sq ft with 3 stalls in and 3 covered out. Has 12x12 insulated tack room with air conditioning. There is plenty of room for your shop inside as well. Please don't tell the donkey he will be moving, he loves his donkey shed- and he will ask when he sees you! The pond is close enough to the house to easily stroll to and throw in a pole or two, or grab your gun and chill in one of the deer forts. The grounds have 2 dogwood trees, one flowering pink and one white in the spring, 3 pecans, a silver leafed maple, a fig tree, a peach, 2 plums and a huge flowering pear tree. Pampas grass, crepe myrtles and many oaks. This property sits , just about a 15 minute drive from downtown Jefferson and all of it's glory! This is a lifestyle property! Get out of the fast lane and come relax at the Ranch and enjoy your quiet, serene 30 acres of beautiful East Texas.
Property Information
Lot Size
30 acre(s) square ft
Property Type
Residential
Year Built
1997
MLS Number
20241847
Location
Address
195 CR 1772
City
Jefferson
State
TX
Zip Code
75657
County
MARION
Listing
Provider
Coldwell Banker Lenhart, original listing
Name
Coldwell Banker Lenhart
Phone
(903) 753-0447
Office Name
Coldwell Banker Lenhart
Office Phone
(903) 753-0447
Agent Name
Amber Raulston

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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.