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246 Johnson
Alderson, WV 24910
Randy Burdette with Foxfire Realty, original listing - (304) 645-7674
$250,000
Conventional
Property
Bedroom
4
Bathroom
Full: 2
Property Type
Conventional
Square ft
2647 Square Feet
Property Description
Mid-Century Craftsman 4 bedroom, 2 bath home on Johnson Street Located in the little town of Alderson, West Virginia, 246 Johnson Street is a fine home that has raised several families over the years. Located out of the FEMA flood plain, this 4-bedroom, 2-bath home is close to many places within easy walking distance. The brand new multi-million dollar public school, the library, the Greenbrier River, shopping, restaurants, city hall, the scenic Alderson Memorial Bridge, and more are within easy walking distance. The property has a huge yard and includes a large level lot across Johnson Street. The approximate acreage is just a shade less than 1 acre. The home is the Craftsman style with a spacious covered front porch. The interior features vintage oak hardwood floors, French doors, and oak trim. A spacious entry-level primary bedroom includes a large bath plus a laundry nook. Traveling up the oak staircase, the home has 3 bedrooms and a full bath in the hallway. THE TOWN OF ALDERSON- Alderson, West Virginia, is a quaint small town on the free-flowing Greenbrier River in Greenbrier, Monroe, and Summers counties; it was settled in 1777 by John Alderson, a frontier missionary Gospel preacher for whom the town was named. In later years, an Alderson descendant founded a Baptist seminary that was later moved north because of the Great Depression to become Alderson-Broaddus College at Philippi, WV. The Federal Reformatory for Women was the first federal prison for women. It was established in the 1920s after a group of local businessmen visited Washington, D.C., to propose to the federal government that the Institution be placed in Alderson. The town is famous for its annual "Best" Independence Day Celebration and the Strawberry Festival held every May. Camp Greenbrier for Boys has been a staple in the community since 1898, and every summer is busy with campers from across the United States. POINTS FOR THE TOWN OF ALDERSON Known as "The Gem of the Hills," located in three counties, Greenbrier, Monroe, and Summers, it was voted "Best Fourth of July Celebration" by West Virginia Living Magazine in 2012. Alderson is the place to be to celebrate America's Independence Day! Yet, there are so many more events that we want you to attend - 2020 population of approximately 1200 - Leagues: Alderson Basketball League - Greenbrier Girls Softball League - Alderson Archers - Alderson Chiefs Youth Football - Chiefs Cheerleading - Chiefs Country Tumbling - Numerous civic clubs and groups - Active Main Street Association - Active Veterans of Foreign Wars - Active Lions Club Home of the annual May Strawberry Festival - Located on the beautiful Greenbrier River, Well-known for fishing, boating, swimming, canoeing, and kayaking - Home of Camp Greenbrier - French the lion is the town mascot - AMTRAK stop at the historic C & O Depot - Excellent town park - The Alderson Mini Park on the river - The historic Alderson Memorial Pedestrian Bridge - Home of Old Greenbrier Baptist Church, which was founded in the 1700s by elder John Alderson, a frontier preacher - A scenic walking trail is established in the town. There is a Weekly farmers market on Tuesday afternoons during warm months - Two full-time volunteer fire departments - A full-time town police force - Full-time hometown ambulance service - Home of "Camp Cupcake" Federal ladies' camp - UTILITIES - Water: Town of Alderson - Sewer: Town of Alderson - Electricity: MonPower - Telephone: Frontier Communications and Optimum - Trash: Weekly curbside by Greenbrier Valley Solid Waste - Internet: Optimum, Frontier Communications, and various cell providers - Cellphone Coverage: Excellent
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1955
MLS Number
--
Location
Address
246 Johnson
City
Alderson
State
WV
Zip Code
24910
County
MONROE
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

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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.