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22025 Woodway Drive
Woodway, TX 76712
Lisa Horn with Camille Johnson, original listing - (864) 884-1531
$1,875,000
Conventional
Property
Bedroom
5
Bathroom
Full: 3, ½: 2
Property Type
Conventional
Square ft
6467 Square Feet
Property Description
Welcome to your dream home -- a one-of-a kind estate that offers the rare combination of substantial acreage and close proximity to town, all within the esteemed Midway ISD. The property is just over seven acres and has a scenic private drive leading to the beautifully charming house and barn. The home has a casual elegance that feels so welcoming and inviting. It was finely constructed with great attention to detail and has top notch finishes and details throughout. The exterior of the home is stone and is complemented by an inviting front porch that's the perfect spot to enjoy the picturesque views from the front of the property. Upon entry, you'll love the curved staircase that sets the tone for a perfect first impression. The formal dining room is designed to accommodate large gatherings. This room features a stunning chandelier, creating an ideal setting for memorable dinners. The gourmet kitchen is generously sized with an eating bar, double ovens, lots of cabinet space and counters, and a nice pantry. It seamlessly flows into the breakfast area and a cozy keeping room that all offer nice views of the landscaped backyard. The expansive living room boasts a grand two-story ceiling. This space is perfect for entertaining or enjoying family time. There's a magnificent fireplace, detailed woodwork, and intricate trim that adorn an entire wall and provide a focal point for the multiple seating areas. The living room has a secondary staircase that leads to an upstairs landing lined with bookshelves, offering a tranquil space for reading or enjoying the backyard views. Located down a separate wing on the main floor, the primary bedroom offers ample space for a sitting area. The en-suite bathroom features built-in storage, dual closets, and a thoughtfully designed layout with separate vanities, a soaking tub, and a walk-in shower. There is an expansive third living area downstairs that is ideal for use as a den or game room and includes plenty of space for a home office. Built-in cabinets and bookshelves surround the room and large windows provide delightful backyard views. A breezeway conveniently connects this space to the three-car garage. The main front staircase leads to four additional bedrooms, each featuring large closets and dormer windows with window seats. The upstairs layout has two bedrooms on each side, each pair sharing a Jack and Jill bathroom. An additional living area upstairs opens to a spacious deck and balcony that offers breathtaking views of the property's rear expanse and the surrounding area. The backyard is a haven for relaxation and entertainment, featuring a sparkling pool and hot tub amidst mature trees and expansive patio areas. Everything is already equipped for horse enthusiasts...boasting attractive four rail horse fencing, a six-stall barn complete with a wash rack, a tack room/office, and a 1/2 bath. There's also an arena with a sand base and several cross fenced areas. This property offers the unique opportunity to have a spacious and amazing home, privacy, acreage, and a convenient location. Schedule a showing today and picture yourself at home!
Property Information
Lot Size
7 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1993
MLS Number
--
Location
Address
22025 Woodway Drive
City
Woodway
State
TX
Zip Code
76712
County
MC LENNAN
Listing
Provider
Camille Johnson, original listing
Name
Phone
(254) 744-4517
Office Name
Office Phone
(864) 884-1531
Agent Name
Lisa Horn
Agency Phone
(254) 405-6162

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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.