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4134 E Highway 11
Winnsboro, TX 75494
$275,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1972
Property Description
Located just 6 miles east of Historic Winnsboro, TX, this classic 1970's brick home sits back off the road and offers 3.6 acres of privacy and beauty of East Texas. A beautify Magnolia tree graces the front yard and there is ample room for outside activities, planting a garden or just enjoying the view. The home offers 3 bedrooms, 2 bathrooms, vaulted ceilings with wooden beams, and a gorgeous brick fireplace with a wood burning stove insert. Bookshelves on each side add to the focal point of the living room. The attached 2 car garage offers storage cabinets, shelving and storage closets. There is an automatic garage door opener for easy access. A small room off of the kitchen offers extra storage and washer dryer hook ups. A covered back patio offers a great place for morning coffee, afternoon relaxation or Bar-B Que. There is a small storage shed, two other outbuildings and an additional carport that will accommodate 2 vehicles. Plenty of room to store your riding lawnmower, boat or other items. This location is perfect for water activities as it sits just south of Lake Bob Sandlin and Lake Cypress Springs. As a Main Street City and Preserve America Community, the town of Winnsboro is a destination for shopping, dining and entertainment and is has the quaint classic downtown square that is hard to find in the city. It hosts arts festivals, theater, rodeos, car shows, various restaurants, antique stores, shops and the annual Autumn Trails celebration each year in October. Close to medical facilities, groceries, pharmacies, hardware, feed stores and farmers market all in a friendly hometown atmosphere. The towns of Pittsburg and Mt. Pleasant are also not far away for additional shopping needs. Schedule your appointment today to come see this special property. It may be the perfect hideaway you have been searching for.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
1970
MLS Number
23014973
Location
Address
4134 E Highway 11
City
Winnsboro
State
TX
Zip Code
75494
County
WOOD
Listing
Provider
Clements Realtors, original listing
Name
Clements Realtors
Phone
(903) 342-5245
Office Name
Clements, REALTORS®
Office Phone
(903) 342-5245
Agent Name
Linda Elliott

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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.