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425 Sugar Maple Drive
Camp Creek, WV 25820
Richard Grist with Foxfire Realty, original listing - (304) 645-7674
$825,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
--
Property Description
Johnson Mountain Forest is a 555+/- acre multi-use, recreational, residential, and timber investment opportunity. With its vast, contiguous acreage, Johonson Mountain Forest presents an opportunity to create a lasting generational legacy. Estimated $208,000 in ready to harvest timber, thereby producing a strong cash flow to offset purchase and holding costs. The vigorously growing forest is a tremendous Carbon Sink. Carbon Credits could possibly be leased to provide additional income. Johnson Mountain's extensive ecological and conservational values provide many essential ecosystem services, including rainwater filtration, carbon dioxide sinking, oxygen production, and wildlife habitat enhancement. HIGHLIGHTS *555 acres +/- multi-use residential, farming, timber investment, and recreational property *From miniature plants to gigantic trees, biodiversity is exemplified by an incredible variety plants and animals *An estimated $208,000 in valuable timber is ready for immediate harvest producing cash flow to offset purchase and holding costs *Classic two over two farm house dating to the late 1800's to early 1900's *Mature hardwood forest is comprised of Red Oak, White Oak, Hickory, Poplar, White Pine, Hemlock, and Maples *Numerous home or cabin sites including forested and fields with long range views of mountains and valleys *Miles of forest trails provide access to nearly every corner of the property *Elevations range from about 2017 ft. to 2569 ft - making for a diverse topography *Perfectly sized to create a wonderful country retreat - private but not remote *Laurel Creek, a blue line stream runs through the property for 1 mile *Four intermittent streams supporting Laurel Creek lie inside the property for a total of about 1.8 miles. *ATV riding, hiking, camping, hunting, star gazing, and nature viewing *Perfect location to enjoy all water sport activities supported by the nearby New River, *Greenbrier River, Bluestone River, and the 2000-acre Bluestone Lake *Amazing resident wildlife population rich in diversity and ever changing *Area fur bearing wildlife- deer, black bear, squirrel, rabbit, bobcat, raccoon, coyote, fox, chipmunk, opossum *Area winged wildlife includes eagles, Neotropical songbirds, turkey, grouse, eagles, herons, hawks, owls, ravens, king fishers, ravens, crows, and hummingbirds *The mature forest soaks up tons of Carbon Dioxide and produces tons of life-giving oxygen *A rewarding off-grid permaculture lifestyle can be easily developed *Abundant mosses, lichens, liverworts, and ferns add to the biodiversity of the land *Deep shady coves, nearly two miles of interior streams, rock outcrops, wildlife viewing areas, abandoned farm fields, 600' vertical elevation change all combine to create a dynamic and interesting topography. *Electric, landline telephone, and cell coverage, on site. *Starlink Satellite is available in the area *An easy drive to higher population areas of Princeton, Blacksburg, Roanoke, Beckley, Lewisburg and Charleston, 4 jet airports, and 4 major interstates *5 minutes to the 6,000-acre Camp Creek State Park and Forest *Bluestone National Scenic River is just a couple of miles away *18,000-acre Bluestone Wildlife Management Area is close *Proximity to 70,000-acre New River Gorge National Park and Preserve, America's newest national park *City amenities 30 minutes to Princeton, 40 minutes to Beckley *1 hour 40-minute drive to Charleston - WV's State Capitol and largest metro area & jet service *Low taxes, low population density LOCATION Google Coordinates: 37.509380°(N), -81.062590°(W) Address: 425 Sugar Maple Drive, Camp Creek, WV 25820 Elevation Range: 2017 ft. to 2569 ft. +/-
Property Information
Lot Size
554 acre(s) square ft
Property Type
Farm-Farm
Year Built
1800
MLS Number
--
Location
Address
425 Sugar Maple Drive
City
Camp Creek
State
WV
Zip Code
25820
County
MERCER
Listing
Provider
Foxfire Realty, original listing
Name
Phone
(304) 645-7674
Office Name
Office Phone
(304) 645-7674
Agent Name
Richard Grist
Agency Phone
(304) 645-7674

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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.