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3001 Odd Rd.
Odd, WV 25902
Richard Grist with Foxfire Realty, original listing - (304) 645-7674
$160,000
Conventional
Property
Bedroom
--
Bathroom
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Property Type
Conventional
Square ft
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Property Description
"TAKE ME HOME COUNTRY ROADS" in the small community of Odd in Raleigh County, West Virginia, brings to mind the John Denver song that you hear reverberating through the beautiful mountains of Wild Wonderful West Virginia. Big Chimney Forest is such a setting: a 73 +/- acre property ready for that forever home or getaway cabin, with a home site already excavated and driveway in place and stoned, and the location of the old homestead with the remaining remnants of its large stone chimney. The property may be cleared to develop a great mini-farm. Big Chimney Forest offers beautiful mountain vistas in a quiet countryside surrounded with plenty of opportunities for the recreational fun-loving family. Come . . . join us in the mountains. HIGHLIGHTS 72+/-ac mostly wooded Two home or cabin ready sites Exceptional views Suited for development of rental cabins Convenient to ATV trails, hunting land, historical sites Already established ATV and hiking trails on property Appalachian Hardwood forest Nearby public hunting property Low light pollution Exceptional stargazing 15 min from winter place ski resort LOCATION Google Coordinates: 37.599504°(N), -81.194032°(W) Address: 3001 Odd Road, Odd, WV 25902 Elevation Range: 2587 ft. to 2862 ft. +/- FOREST/TIMBER RESOURCES Timber resources, complimenting this property is a timber resource that is well positioned for value appreciation over the coming years. With an attractive species mix, adequate stocking levels, and favorable diameter class distribution, the timber amenities represent a strong component of the value to the investor. This well-maintained timber resource can provide a great deal of flexibility to the next ownership in terms of potential harvest revenue in future and can be managed to provide cash flow opportunities to offset holding costs and long-term asset appreciation. The forest has predominantly well-drained upland terrain which has led to a resource dominated by hardwood species. Overall, the species composition is highly desirable and favors Appalachian hardwood types, consisting primarily of white oak, chestnut oak, poplar, cucumber, sugar, red oak, soft maple, and a host of associated species. WILDLIFE Big Chimney Forest is an ideal wildlife preserve. Surrounded by farm fields and Appalachian hardwood forest, the use of constant and adherence management goals have promoted overall wildlife health, facilitated by the harvest of game and the development of food plot areas. These measures increase the carrying capacity and species diversity on Big Chimney Forest. The diversity of tree species, the abundant water supply, and the numerous fields around the property create a perfect wildlife habitat. The edge effect created between creeks, hollows, ridges, and rock outcroppings on and around the property benefits all the residential wildlife. Whitetail deer, black bear, wild turkey, squirrels, rabbits, bobcats, raccoon, foxes and many species of songbirds, owls, and raptors make up the resident wildlife population. The hardwood forest provides the essential nutrient source and produces tons of hardwood mass which include acorns, hickory nuts, and beechnut. Big Chimney Forest is a hunter's or a nature enthusiast's paradise. MINERAL RESOURCES All rights the owner has will convey with the property. BOUNDARIES AND SURVEY The property is being sold by the boundary and not by the acre. UTILITIES Water: City water at the road Sewer: Private septic system will need to be installed Electricity: Power is available at the road Telephone: Available at the road Internet: May be available at the road; also satellite companies ACCESS/FRONTAGE The property's interior road connects directly to Odd Road. ZONING Raleigh County has some zoning and subdivision regulations. All prospective buyers should consult the County Government and also the Health Department for regulations regarding zoning, building codes, and installation of water wells and septic systems.
Property Information
Lot Size
72 acre(s) square ft
Property Type
Land-Other
Year Built
--
MLS Number
--
Location
Address
3001 Odd Rd.
City
Odd
State
WV
Zip Code
25902
County
RALEIGH
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.