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4502 Foster Road
Vernon, TX 76384
Sally Curtis with DAVIS VERNON AGENCY, INC, original listing - (940) 552-0500
$799,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
2676 Square Feet
Property Description
Stunning Ranch Property in Vernon, TX - 4502 Foster Rd Welcome to your dream home on a sprawling 16.06-acre ranch in Vernon, TX! This custom-built home by KKB Construction Custom Homes/Kevin Bergt, meticulously designed in 2019, combines modern comforts with rustic charm, offering unparalleled features and ample space for relaxation and entertainment. The home boasts a brick and Lueders charcoal stone exterior with a Class 4 24-gauge Meridian standing seam roof. Paved roads lead to the home, providing a country feel while being within city limits in a highly sought-after area. A concrete driveway, lined with landscaping and apple trees, leads to guest parking and a spacious side-entry 3-car garage (1083 sq ft) with two large storage rooms. The property also includes a 50-amp plug for RV hookup and 5 strand barbed wire perimeter fencing. The 2-acre homesite features piped fencing, a Rainbird sprinkler system, and a wood privacy fence with a concrete footer. Water needs are met with city water for the home and a private well that services an exterior faucet (near home), the sprinkler system, and a barn faucet. Enjoy the welcoming front porch with cedar columns and charming wood accents and relax on the front and back covered porches (418 sq ft total), with the backyard porch featuring added privacy. Inside, the home spans 2,676 sq ft of living space with 13-ft vaulted ceilings, white-washed shiplap ceilings with beams, unique ceiling fans and fixtures, and recessed lighting. The stone gas fireplace serves as a focal point in the open concept living area, complemented by custom built-ins with bookshelves and a custom entertainment center. Tile floors run throughout the main living areas, while the large office/multi-use room provides flexible space for a den, game room, or guest room. The open concept kitchen/dining/living area is a chef's delight, featuring an 8-ft island with quartz countertops, with beautiful detailing and stone front, deep pull-out drawers, soft-close features, adjustable shelves, and ample space for serving or additional bar seating. The kitchen also includes timeless tile backsplash, a custom vent hood, stainless steel appliances, and an arched entryway. Alder wood cabinets and a walk-in pantry with an antique door add charm, while the included kitchen appliances ensure convenience. The oversized master bedroom is a serene retreat with abundant natural light and space for a seating area. The ensuite master bathroom includes a double vanity, Brazilian granite countertops, an oversized soaking tub, and a marble shower with a bench. His and her walk-in closets, with one doubling as a safe room, offer ample storage. A convenient laundry/mudroom is located off the garage, complete with built-in storage, a utility sink with hand sprayer perfect for bathing small pets, along with a custom countertop that fits over the sink for use as a folding table when the sink isn't in use, and an Iron-A-Way wall station. The home also features 2 spacious guest bedrooms with deep walk-in closets and a large guest bathroom with alder wood cabinets with a marble tub/shower combo, Brazilian granite countertops, and plenty of storage. Down the hall you will find additional storage available in multiple linen closets with built-in shelving. Practical amenities include complete spray foam encapsulation, a 3-stage central heating and cooling system for enhanced energy efficiency, propane tank for the fireplace and central heat, Culligan water softening system, a tankless hot water heater, and Don Young windows for energy efficiency. This home qualifies as an energy-efficient green home. On the back of the property, you'll find a large 40′ x 80′ barn with LED lights with an insulated tack room, providing ample space for livestock, equipment or additional storage. An attached lean-to with LED lighting, extending from one side of the barn, provides continued covered space for storage or shelter for animals as well as 3 welded pipe pens
Property Information
Lot Size
16 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2019
MLS Number
--
Location
Address
4502 Foster Road
City
Vernon
State
TX
Zip Code
76384
County
WILBARGER
Listing
Provider
DAVIS VERNON AGENCY, INC, original listing
Name
Phone
Office Name
Office Phone
(940) 552-0500
Agent Name
Sally Curtis
Agency Phone
(940) 552-0500

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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.