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14200 W State Hwy 22 Highway
Blooming Grove, TX 76626
$3,500,000
Conventional
Property
Bedroom
2
Bathroom
3
Property Type
Conventional
Square ft
1749
Property Description
Welcome Home to your Blooming Grove Ranch. Your new ranch offers 286.6 acres located approximately 20 miles east of Hillsboro and 15 miles West of Corsicana, TX. Just a quick one hour trip to DFW airport, or a quick one hour trip to Waco, TX. Located near cute small towns and country peaceful living surround you, just one mile from a dollar store, donut shop and gas station, talk about convenience and country all wrapped up in one. Blooming Grove School district .The property features a 1749 sq foot Rock home, swimming pool, and covered parking. Nestled next to the home is a Rustic Guest house complete with full kitchen, living room, dining room and bedroom. Large 576sq ft porch, rustic sitting area ,a perfect sit up for entertaining. The main home was built in 2018, open floor plan, 10' ceilings , granite counter tops, stone island and breakfast bar. Spacious Laundry room with outside door access for pool restroom and mud room entrance. Large Master bedroom with double Master bathrooms, Yes that is right you each get your own master suite bathroom ! No sharing needed. Sit and watch the sunset in your 795sq ft screened in porch, that over looks your inground pool and large 10 acre lake. Brand new metal roof installed in April 2024. 3 Car covered carport, engineered slab, cedar wood, and stone this home definitely built to last! Excellent grazing pastures with 5 tanks and 2 lakes nestled among stunning, mature wooded areas and located thru out 286 acres for cattle and wildlife purposes. Natural grass covers most of the property, providing forage for wildlife and cattle during winter. Approx 35 acres of Coastal pasture for Hay crop which produces on average 75 to 100 bales per cutting , fenced separately and located at the entrance to the main home and guest house. There is an abundance of oak and pecan trees, and springtime wildflowers. The ranch is home to a variety of wildlife, including abundant of large whitetail deer, turkey, hog, dove, duck, geese and more. Great hunting and fishing right here on site. Large mouth bass, Blue Cat ,crappie, perch and other fish are stocked in the large 10 acre and the 2 acre lakes. 10 acre lake is equipped with a floating boat dock built in 2018 stocked with fish and approx 14' deep with a natural creek which runs thru tanks to help supply the water source. 2nd fishing dock located on opposite side of tank for extra opportunity to catch the big one! Large 10 acre lake will spill over to the smaller 2 acre lake! Such a great water source. 5 other tanks located thru out the 286 acreage for wildlife and cattle access and a creek in the back of property. Property is completely fenced with new field fencing and Cross-fencing in place, large metal working pens that include a squeeze chute and a head gate. 4 pens for splitting and separating cattle. 2 catch traps and a total of 7 pastures thru out for pasture rotation if desired. 10,560 sq ft Metal Equipment Barn built in 2013 with concrete floors. One sections is 80 X 60 and Hay storage area 40 X 60 . Two roll up doors 12X 14 and roll up door 18 X 14 In the back of shop area you will find a 120 X 20 Covered Equipment Parking. Owner moving out of state, equipment, tractors, tools, trailers etc for sale. With an abundance of wildlife, this property is an exceptional opportunity for those seeking a ranch with premier recreational hunting, cattle or horse readiness, and quite living with a convenient location. Call today!
Property Information
Lot Size
286 acre(s) square ft
Property Type
Residential
Year Built
2018
MLS Number
222986
Location
Address
14200 W State Hwy 22 Highway
City
Blooming Grove
State
TX
Zip Code
76626
County
NAVARRO
Listing
Provider
Ricochet Realty, original listing
Name
Ricochet Realty
Phone
(254) 870-8883
Office Name
Ricochet Realty LLC
Office Phone
(254) 400-2417
Agent Name
Donnetta Haigood

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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.