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245 Ralynn Drive
Lorena, TX 76655
$595,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2362
Property Description
Welcome to this exquisite custom-built home, a true gem on a sprawling 1-acre lot within Lorena ISD. This luxurious home boasts four spacious bedrooms and three full baths, making it ideal for family living, entertaining guests, or accommodating multiple home offices. Upon entering the home, you will be welcomed by an impressive entryway that sets the tone for the entire house. A stylish geometric chandelier illuminates the space, and the rich wood tone of the front door imparts a sense of warmth, complementing the natural light that streams through the glass panels. The entryway, an elegant transition into the living spaces, guides you to an open-concept living room, promising comfort and connection. The living room, illuminated by natural light, is anchored by a stately stone fireplace that provides warmth and a stunning focal point. Custom-built bookshelves, furnishing storage, and display space flank the hearth. The kitchen is a culinary enthusiast's dream, with a rustic yet elegant brick backsplash contrasting with the sleek white cabinetry. The custom vent hood, crafted from natural wood, sits majestically above the range. A few ingenious custom features of this kitchen include a hidden paper towel holder and a spice and utensil caddy on each side of the stove, allowing for effortless cooking experiences. The spacious pantry features a convenient breakfast counter and multiple electrical outlets for all your breakfast appliances. The dining area, adjacent to the kitchen, is set against a backdrop of windows that provide views of the surrounding landscape. It's a perfect space for shared meals, featuring a modern chandelier that adds a contemporary touch to the area. Beyond the kitchen & dining space, the isolated primary suite is a retreat where tranquility meets function. The en-suite bathroom boasts a large walk-in tiled shower with a bench for relaxation and multiple hidden soap niches for convenience. The expansive closet provides a wealth of storage, and a hot tool cabinet is integrated into the cabinetry, ensuring convenience and organization. Opposite the open-plan living space, ensuring a quiet retreat for family or guests. The first guest bedroom is a spacious oasis with ample closet space. It boasts an en-suite bathroom with a large vanity and a tiled shower-tub combo with quality fixtures and fittings. The two additional bedrooms are well-sized, providing flexible accommodation such as children's rooms, guest quarters, or a home office. These rooms flank the third bathroom for easy access. In this bathroom, you can find a cleverly designed step stool drawer, a thoughtful touch for the little ones that can be transformed into an extra drawer when that need is gone. Outside, the home extends into a large covered patio featuring a built-in grill and dedicated space for a refrigerator, perfect for alfresco dining and weekend BBQs. The deck overlooks a sprawling yard, an open canvas for family activities and gatherings, leading to an impressive 30'X40' workshop. This remarkable workspace has two roll-up doors, a built-in workbench, and electrical wiring and outlets, making it a dream space for projects and storage. This home embodies the convergence of luxury and practical design, presenting a lifestyle of ease and elegance. Every detail has been meticulously curated here to enhance daily living from the inside out. Imagine your life in this stunning retreat, where every day feels like a staycation. Welcome home.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2020
MLS Number
222306
Location
Address
245 Ralynn Drive
City
Lorena
State
TX
Zip Code
76655
County
MC LENNAN
Listing
Provider
Logan Capital Real Estate, PLLC, original listing
Name
Logan Capital Real Estate, PLLC
Phone
(254) 280-0485
Office Name
Logan Capital Real Estate, PLLC
Office Phone
(254) 280-0485
Agent Name
Camie Cross

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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.