Home for Sale at 354 McConnell Bridge Road, Adel, GA 31620

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354 Mcconnell Bridge Road
Adel, GA 31620

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Property Details

List Price:	$1,750,000
Beds:	5
Baths:	Full: 4, ½: 1
Status:	Active
SqFt:	3875 Square Feet
Agency:	Dove Realty, Inc.
Agency Phone:	(229) 740-6474

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Description/Comments

Lot Size:	60 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	2011
Notes:	Truly a one of a kind opportunity to buy a 60 acre farm that includes a high production blueberry farm with freeze protection and a 3875 fully custom log home with barns and ponds all fully private and less than 2 miles from the Interstate and shopping! The blueberry farm is especially impressive with 15 acres planted and an additional 5 acres that could easily be added. Aside from the freeze protection, there are multiple wells, irrigation pond pumps, a 30'x60' barn with concrete floor, additional barns, and even a small office out by the crops. Expected production is approximately 10,000 lbs per acre. The true log home is another masterpiece that you will love! With 5 bedrooms and 4.5 baths, 4 fireplaces, hand-built doors, an upgraded kitchen, separate den with a bar and gorgeous beams and trim work throughout. The extras like the steam shower, the copper plated foyer ceiling, and the covered outdoor grilling area are some of many features that make this home great! The style and quality truly makes you feel like you're in a cabin in the mountains! The ponds are slammed full of fish, and the blueberries are ready to make you money day one! The seller is even willing to assist the new owner through the remainder of the season. Ask about the $200k worth of equipment around the farm that can be purchased as well! Tractors, trailers, pickers, mowers, mulchers, atvs, etc. Don't miss this opportunity to come live the dream!
MlsNumber:	--
ListingId:	140430

Listing Provided By:	Dove Realty, Inc., original listing
Phone:	(229) 563-0377
Office Phone:	(229) 740-6474
Agent Name:	Jason Dove
Disclaimer:	Copyright © 2024 South Georgia MLS (Valdosta). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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.

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.

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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing