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4569 Cr 234 D
Henderson, TX 75652
Keith Durrett with Staples Sotheby's International Realty, original listing - (903) 876-1051
$750,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
2513 Square Feet
Property Description
Spectacular small country cattle ranch close to town. Pipe fencing as you enter the property with a concrete base gravel road entering to the house. The home was built in 1985 and has been tastefully updated throughout its time. This amazing property is completely fenced with 20 plus acres of grazing pasture that holds two ponds. One is spring fed and keeps water year round. This property boast a covered shop with a lean to and a porch to relax after the work is done. The water well is fitted with a Rain soft ultra violet disinfection system to keep the water pure. In addition to a working shop, the original red barn is working and outfitted with a chicken coop, floors in the tack room where tack can be stored and maintained. Power and water are available in the barn and shop. The shop is plumbed for a bathroom and currently has a 30 amp RV hookup. The cattle pen is complete with a chute to help in the running of your small farm whether it be loading and unloading or simply vaccinating your small herd. The house has 2 HVAC systems as well as 2 septic systems. 2513 square feet of living space inside, plus single car garage has been outfitted with central heat and air. The house itself is a traditional home with beautiful views from the many windows that allow you to wake up and enjoy your coffee on the farm you own. With updates on the floors, doors, windows as well as the electric you will be able to enjoy the best of country living, yet only a short drive from town. The location offers privacy as it is on a dead end street and the house set back from the road gives another layer of solitude to its owner. The tranquil surrounding make this property a peaceful home to raise a family and the location and property gives the owner a home inviting to friends, if entertaining others is your deal. Please contact the listing agent, Keith Durrett if you need more information. (903) 920-2294 More photos to come.
Property Information
Lot Size
29 acre(s) square ft
Property Type
Farm-Single Family Residence
Year Built
1985
MLS Number
--
Location
Address
4569 CR 234 D
City
Henderson
State
TX
Zip Code
75652
County
RUSK
Listing
Name
Phone
(903) 876-1051
Office Name
Office Phone
(903) 876-1051
Agent Name
Keith Durrett
Agency Phone
(903) 876-1051

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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.