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203 Summer Street
Alderson, WV 24910
$99,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1344
Property Description
Located within easy walking distance of the free-flowing Greenbrier River is the Wallace Homeplace. The property is a half-acre of land with a 1998 doublewide. The property is laid out very convenient floorplan with 3 bedrooms and two full bathrooms. The property includes a well-built concrete block building with a room with a shower, toilet, and sink, the carport extends towards the street. A second carport is directly beside the first carport. A metal Priddy's storage building is located behind the second carport. For additional storage, a garage building has been connected to the back porch and patio. HOME HIGHLIGHTS 3 Total Bedrooms 2 Full Baths 1344 SF 6 Rooms Living Room Primary Bedroom Walk-in Closets Open Kitchen Laundry First Floor Master First Floor Bathroom 0.50 Acres Built in 1998 1 Story Doublewide Mobile Home Crawl space Municipal Water Private Septic Corner lot No HOA Detached 2-car garage Features Carpet Flooring Vinyl Flooring Forced Air fuel Oil furnace Window unit A/C 200 Amp electrical service Manufactured (Multi-Section) Construction Vinyl Siding Asphalt Shingles Roof Items to convey Oven/Range Refrigerator Dishwasher Microwave Washer Dryer Room Dimensions Kitchen 11 x 12.4 Eat-In section 9.4 12.4 Utility hall with washer and dryer 14.9 x 6 Primary bedroom 12.4 x 14.7, walk-in closet 4.1 x 5.7 Primary bathroom 9 x 8.3 Living room 20 x 12.7 Center bath 9.3 x 4 Bedroom 2, 11 x 12.3 walk-in closet 5.9 x 3.9 Bedroom 3 12.4 x 11.6 walk-in closet 4.4 x 6.3 Exterior Features Tri-level open front deck/porch 11.5 x 16; 2nd tier 9.5 x 9.5; 3rd tier 7.4 x 5.4 West-end side entrance porch 8 x 5.10 Covered back porch 17.6 x 11 with add-on room with roll-up garage door 11.2 x 14 Stick-built carport 20 x 14 with tool room 10 x 14 Metal carport 16 x 20 Metal outbuilding 10 x 16 LOCATION Google Coordinates: 37.730409°(N), -80.663842°(W) Address: 203 Summer Street, Alderson, WV 24910 Elevation: 1532 ft. +/- WATER The town of Alderson provides water (property is outside of the city limits of Alderson). MINERAL RESOURCES West Virginia is one of the states in the US that has two ownership titles, those being SURFACE RIGHTS and MINERAL RIGHTS. A title search for mineral rights ownership has not been conducted. All rights the owner has will convey with the property. A mineral title search could be conducted by a title attorney at the same time when the surface title search is being conducted. BOUNDARIES AND SURVEY The property has metes and bounds descriptions in the owner's deed. The property is being sold by the boundary and not by the acre. UTILITIES Water: Town of Alderson Sewer: Septic system Electricity: Mon Power Telephone: Frontier and Suddenlink Internet: Suddenlink, Frontier, Country Communicates
Property Information
Lot Size
-- square ft
Property Type
Other
Year Built
1998
MLS Number
11106725
Location
Address
203 Summer Street
City
Alderson
State
WV
Zip Code
24910
County
MONROE
Listing
Provider
Foxfire Realty, original listing
Name
Foxfire Realty
Phone
(304) 645-7674
Office Name
Foxfire Realty
Office Phone
(304) 645-7674
Agent Name
Randy Burdette

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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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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.