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294 Cr 1297
Yantis, TX 75497
Linda Burns with Signature Properties, LLC, original listing - (903) 383-3530
$840,000
Conventional
Property
Bedroom
5
Bathroom
Full: 3
Property Type
Conventional
Square ft
2539 Square Feet
Property Description
Experience unparalleled lakefront living in this breathtaking custom-built home, completed in 2022, offering unrestricted water views on the renowned Lake Fork. This prime location boasts exceptional water depth, though this home currently features a50-foot pier and retaining wall, you have the freedom to design and build your own boathouse to fit your vision. Step through the elegant double doors into a grand living room with vaulted ceilings, accentuated by wooden beams and a wall of windows that frame the serene lake views. A gas fireplace, flanked by custom wood shelving and storage cabinets, serves as the focal point of this inviting space. The open-concept design connects to the gourmet kitchen, featuring a large island, and an impressive walk-in pantry with wood countertops, perfect for storing and using appliances while keeping countertops clutter-free. A large dining space off the kitchen and living area makes entertaining effortless, while the expansive covered patio provides the perfect setting to make memories with friends! The luxurious master suite is a private retreat, offering breathtaking lake views from both the bedroom and ensuite bath. The spa-like master bath boasts a soaking tub, custom tile shower, and a spacious walk-in closet that conveniently connects to the utility room for effortless organization. This thoughtfully designed home also includes four additional spacious bedrooms, all beautifully styled and large enough to accommodate various furniture arrangements. A dedicated office space at the front of the home provides a quiet area for work or study. The exterior is a perfect blend of painted brick, Hardie siding, and cedar accents, creating timeless curb appeal. Additionally, a 12x16 storage building in the backyard offers ample space for lawn equipment and lake gear. Imagine waking up to panoramic lake views and spending evenings enjoying the tranquil water from your own backyard. This home is truly a dream come true!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2022
MLS Number
--
Location
Address
294 CR 1297
City
Yantis
State
TX
Zip Code
75497
County
WOOD (COUNTY)
Listing
Name
Phone
(903) 316-4231
Office Name
Office Phone
(903) 383-3530
Agent Name
Linda Burns
Agency Phone
(903) 383-3530

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HUD Foreclosures

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.