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9201 Us Hwy 33e
Linn, WV 26384
Bryan Groves with Central WV Real Estate, LLC, original listing - (304) 462-5997
$360,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
1296 Square Feet
Property Description
This beautiful home, situated on 2.14 acres, is located approximately halfway between Glenville (Gilmer Co) and Weston (Lewis Co). The home has been very well maintained and is in move-in condition. The main part of the home embraces the open concept with a living area, dining area and kitchen area. This area is accentuated with a beautiful fireplace, very nice hardwood floors and there are oak cabinets and a small island in the kitchen area. Additional rooms on the main floor include three bedrooms and two baths. The master bedroom has rustic wood walls and the hallway and one of the bedrooms have hardwood floors. The full basement has a family room with a woodstove, a large utility / storage area and a one stall garage. The indoor climate is controlled by a newer forced air and central AC system. There is a covered front porch overlooking the front yard, a small covered back porch and an attached two stall carport. There are additional structures such as a two-story storage building, a large barn / equipment shed and small outbuilding. The yard is accented by a split-rail wooden fence and is easily maintained with plenty of room for gardens, a play area or spots for additional buildings. There is a small run-off stream along the side of the yard. The home has city water, a private septic and a well that supplies an outside spigot. The location is approximately 20 minutes to Glenville and Glenville State University, and approximately 25 minutes to Weston, I-79, medical facilities, schools, churches, restaurants and shopping. This property will be shown by appointment only and a pre-approval letter or proof of funds letter to submitted with a written offer. The Seller requests NO DRIVE BYS. This move-in ready, country home is priced at $360,000.00.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential-Single Family Attached
Year Built
1972
MLS Number
--
Location
Address
9201 US Hwy 33E
City
Linn
State
WV
Zip Code
26384
County
GILMER
Listing
Name
Phone
(304) 462-5997
Office Name
Office Phone
(304) 462-5997
Agent Name
Bryan Groves
Agency Phone
(304) 462-5997

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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.