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662 County Road 367
Hondo, TX 78861
$659,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
3135
Property Description
This stunningly and smartly designed home located in both the Medina Valley School District and Settlers Pass Subdivision not only boasts a beautiful aesthetic, but is an ideal area for both family living and entertaining. The living room, kitchen and dining room flow together seamlessly, creating over 900 square feet of open, fluid space. The design of the large area allows for easy interaction between family members and guests, making it the perfect place to host gatherings, dinner parties, or simply relax with loved ones. The 18 foot vaulted ceiling adds to the grandness of the rooms. In the living area, you can relax in front of the large wood burning fireplace nestled in the corner, allowing for wall and floor space to be filled with your most comfortable and inviting furniture and decor. The TV mount is backed with reclaimed hardwood slats adding a rustic feel. Cooking in the kitchen is both efficient and effortless with a large granite topped island, farmhouse sink, gas cooktop, oven, brick veneer exhaust hood, and a second prep sink in the island. Meals can be enjoyed with your favorite people at the island or in the dining space that also hosts a dry bar area with a wine fridge. The primary suite should be standard in all building designs. Your feet sink into the thick carpet as you enter the primary bedroom that is large without losing functionality of space. In the bathroom, you will enjoy relaxing showers in the tiled walk-in shower, or a soak in the large enclosed garden tub. A granite topped double vanity with beautiful cabinetry and separate area for the toilet. With the large walk-in closet, you have plenty of space to store your clothing, shoes, and accessories in a way that makes them easily accessible and organized. The recessed vanity area is perfect for getting ready and the chandelier adds a touch of elegance and glamour making it feel like your own personal dressing room. As you leave the closet, you enter into the expansive utility and mudroom with washer and dryer hookups, hanging bar for your clothes, long granite-topped counter, and more cabinetry. The second and third secondary bedrooms both have recessed granite topped desks and shelving perfect for studying or gaming, double windows for natural light and spacious closets. A second full bathroom sits in between these two bedrooms just off of the core area of the home. On the second floor you will find an expansive bonus room with over 335 square feet of area and a third full bathroom. This bonus room can be used and configured in many different ways making it an excellent space for a home office, game room, or additional bedroom. Off of the bonus room through a sliding glass door, is a balcony offering breathtaking views of the countryside. Stairs from the balcony will lead you down to the main outdoor space. Also on the second floor are three different access points to the attic, one of which is a full size door to easily allow you to store and organize all of your seasonal decor and other belongings. The three-car garage has over 500 square feet for your daily vehicles and recreational toys. One of the garage doors opens to the expansive back patio that has over 250 square feet of covered area and a tv mount, electrical outlets and a propane hook up to allow you to let your indoor living flow outside from the kitchen. The remaining 580 square feet of composite decking on the main level patio is surrounded by a bar top railing and extends up to the second floor balcony. The land this exquisite home sits upon is 2.10 level acres that is ready for your country side oasis. Other standout features are the expansive half-circle driveway that can easily accommodate ten or more vehicles when hosting get-togethers and family, a crushed asphalt pad next to the garage for your RV and heavy duty truck, and a new HVAC system installed November of 2022.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
2012
MLS Number
1740586
Location
Address
662 COUNTY ROAD 367
City
Hondo
State
TX
Zip Code
78861
County
MEDINA (County)
Listing
Provider
EXP Realty, LLC, original listing
Name
EXP Realty, LLC
Phone
(512) 777-9581
Office Name
eXp Realty
Office Phone
(888) 519-7431
Agent Name
Kimberly Santleben-Stiteler

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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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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.