Wood Mountain, Glen Jean, WV 25846

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Wood Mountain

Glen Jean, WV 25846

Randy Burdette with Foxfire Realty, original listing - (304) 645-7674

$2,000,000

Conventional

Property

Bedroom

Bathroom

Property Type

Conventional

Square ft

Property Description

23-ACRE COMMERCIAL SITE ON U.S. 19 Adjoining the US-19 expressway in southern West Virginia, this 23-acre woodland tract with commercial-grade utilities boasts high visibility, high accessibility, and unmatched proximity to principal tourist attractions. More than 19,000 motor vehicles pass daily, including more than 3,000 trucks. Two million tourists visit the region annually, vacationing at the National Scout Reserve and the New River Gorge National Park and Preserve. The property shares utility infrastructure with the U.S. National Guard Armory and includes high-capacity water, sewerage, electric power, and priority road maintenance. Visitation is predicted to grow as the national park economy matures. HIGHLIGHTS & ATTRIBUTES 23-acre tract (+/-) High expressway access High visibility from the expressway Commercial-grade utilities Priority maintained access Proximity to I-77, I-64 Proximity to the National Park Proximity to National Scout Reserve 12 miles south of New River Gorge Bridge LOCATION Google Coordinates: 37.924353, -81.159861 Address: Wood Mountain Road, Glen Jean, WV 25846. (No street address is assigned to properties without structures.) Elevation Range: 1,714 to 1,979 feet above sea level MINERAL RESOURCES The owners deed says that the ownership is SURFACE ONLY. West Virginia is one of the states in the U.S. that has two ownership titles, those being SURFACE RIGHTS and MINERAL RIGHTS. The minerals and mineral rights have been excepted and reserved in the owners deed. BOUNDARIES AND SURVEY The property is being sold by the boundary and not by the acre. UTILITIES Water: W.Va. Water Co. (eight-inch line) Electricity: American Electric Power (three-phase) Natural Gas: Mountaineer Gas Co. Internet: High-speed service available Fire Service: Mount Hope and Oak Hill Fire Department Cell: 5G coverage by several carriers Sewer: White Oak Public Service District ACCESS/FRONTAGE The property is accessed by frontage on Wood Mountain Road (CR 19/36) and an additional strip of access land at the propertys northern boundary. ZONING Fayette County is subject to some zoning and subdivision regulations. All prospective buyers should consult the Fayette County Commission and the Fayette County Health Department for details regarding zoning, building codes, and installation of septic systems. PROPERTY TYPE/USE SUMMARY The property is mostly forestland with some open fields. DEED and TAX INFORMATION Deed Information: A portion of DB 340 Pg. 225 Fayette County, West Virginia Acreage: 23 acres +/- Real Estate Tax ID/Acreage/Taxes: Fayette County (10), West Virginia Plateau District (2) Tax Map 37 Parcel 51; Class 3 2023 Real Estate Taxes: $279.78 DRIVE TIMES Though in a rural area, Glen Jean and the property are located near the center of the eastern U.S. The following mileage and drive time estimates are based on Google calculations. LOCAL DESTINATIONS 0.8 miles to Summit Bechtel Reserve 3 miles to national park boundary 5 minutes to City of Oak Hill 5 minutes to City of Mount Hope 5 minutes to I-77, I-64 10 minutes to Town of Fayetteville 10 minutes to New River Gorge Bridge 15 minutes to City of Beckley 20 minutes to Town of Pax 30 minutes to Summersville Lake 30 minutes to Winterplace Ski Resort 35 minutes to Town of Summersville 50 minutes to City of Hinton 60 minutes to I-79 60 minutes to City of Charleston REGIONAL U.S. DESTINATIONS 50 miles to Charleston, West Virginia 90 miles to Blacksburg, Virginia 100 miles to Huntington, West Virginia 130 miles to Clarksburg, West Virginia 160 miles to Morgantown, West Virginia 170 miles to Winston-Salem, North Carolina 200 miles to Charlottesville, Virginia 215 miles to Columbus, Ohio 215 miles to Charlotte, North Carolina 225 miles to Lexington, Kentucky 225 miles to Knoxville, Tennessee 230 miles to Pittsburgh, Pennsylvania 250 miles to Cincinnati, Ohio 260 miles to Richmond, Virginia 300 miles to Cleveland, Ohio 315 miles to Washington, D.C. 350 miles to Baltimore, Maryland 350 miles to Erie, Pennsylvania 450 miles to Atlanta, Georgia Investment Highlights Valuable land tract The Nation's newest park, The New River Gorge National Park High Traffic Count Great visibility Right at an interchange

Property Information

Lot Size

23 acre(s) square ft

Property Type

Land-Other

Year Built

MLS Number

Location

Address

Wood Mountain

City

Glen Jean

State

Zip Code

25846

County

FAYETTE

Listing

Provider

Foxfire Realty, original listing

Name

Phone

(304) 667-2897

Office Name

Office Phone

(304) 645-7674

Agent Name

Randy Burdette

Agency Phone

(304) 645-7674

HUD Foreclosures

Free Foreclosure Listings

Foreclosure Listings Increasing

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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.

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.

Free Foreclosure Listings

HUDMAX is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With HUDMAX that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like HUDMAX. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.

HUDMAX is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

HUDMAX is an Equal Housing Opportunity

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USHUD.com on the Go!

HUD Foreclosures

Free Foreclosure Listings

Foreclosure Listings Increasing

HUD Foreclosures

Free Foreclosure Listings

Foreclosure Listings Increasing