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717 Langtry Joe
Comstock, TX 78837
Wayne Lewis with Circle L Realty, original listing - (830) 719-2799
$499,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
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Property Description
Nestled in the heart of Val Verde County, rural properties offer an unmatched blend of natural beauty and tranquility. With vast open spaces and breathtaking views of the Rio Grande River winding through the landscape, owning land here is more than just an investment its a chance to embrace a peaceful lifestyle in a picturesque setting. The Rio Grande River Ranch offers stunning, panoramic views of the Rio Grande River, nearby canyons, and the mountains of Mexico beyond. The diverse terrain, ranging from gently rolling hills to more rugged and hilly landscapes, gives the property a distinctive natural beauty. Elevations span from approximately 1,115 feet along the Rio Grande River channel to 1,399 feet at the highest point on a hilltop near the northern boundary, making this ranch an ideal spot for taking in breathtaking vistas of the surrounding landscape. This ranch features approximately 0.63 miles of frontage along the scenic north side of the Rio Grande River. The river provides permanent live water features with a strong, steady flow, offering a reliable water source and an attractive natural element. While the river access is limited to hiking only, this feature could appeal to those seeking seclusion and a more adventurous connection with nature. The general area surrounding the ranch has become a popular destination for outdoor recreation, thanks to its abundant live water resources, including Lake Amistad, the Rio Grande River, the Pecos River, and the Devils River. Lake Amistad is a major tourist attraction and is nationally ranked as one of the best fishing lakes in the United States, drawing anglers from across the country. The property features a two-story, custom-built ranch house with a significant living area of approximately 2,205 square feet. The house offers extensive outdoor living space, with 1,242 square feet of covered porches spanning both levels and an additional 249 square feet of upstairs open porch. The deck provides expansive, panoramic views of the Rio Grande River and a nearby tributary canyon, making it an ideal spot to take in the surrounding scenery. The interior of the home includes two bedrooms and one bathroom on the ground floor, with an additional bedroom and bathroom upstairs. Other notable features include a kitchen with custom wood cabinetry and decorative, hand-painted, glazed tile countertops. **Buyers brokers must be identified on first contact and must accompany buying prospect on first showing to be allowed full fee participation. If this condition is not met, fee participation will be at the sole discretion of Circle L Realty. **Circle L Realty, as Broker, asserts that the information contained herein is submitted without representation or warranty. All information is deemed reliable but is subject to error, omission, price change, changes in terms and conditions, prior sale, withdrawal from the market without notice, etc.
Property Information
Lot Size
200 acre(s) square ft
Property Type
Land-Single Family Residence
Year Built
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MLS Number
--
Location
Address
717 Langtry Joe
City
Comstock
State
TX
Zip Code
78837
County
VAL VERDE
Listing
Provider
Circle L Realty, original listing
Name
Phone
(830) 719-2799
Office Name
Office Phone
(830) 719-2799
Agent Name
Wayne Lewis
Agency Phone
(830) 719-2799

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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.