Home for Sale at 607 BLUN Road, Swainsboro, GA 30401

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607 Blun Road
Swainsboro, GA 30401

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Property Details

List Price:	$1,300,000
Beds:	3
Baths:	Full: 2
Status:	Active
SqFt:	1548 Square Feet
Agency:	Blanchard & Calhoun - Scott Nixon
Agency Phone:	(706) 863-8953

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Description/Comments

Lot Size:	244 acre(s)
Property Type:	Land-Other
Year Built:	2009
Notes:	This is a dream property for avid hunters, farmers, timber investors, anyone that telecommutes and those who enjoy everything about the outdoors. This 244.6 acre property has been meticulously maintained with no detail spared. It is fenced with 4 gates, (3 of which access the county road) and is tucked in off the road to provide you with your own privacy just 10 minutes from downtown Swainsboro, GA. Complete with over 3 miles of interior roads, you can easily access the 5 food plots and endless hunting areas that are home to big bucks and hundreds of turkeys. The two hay fields that total 22 acres provides 150 tons of improved Bermuda hay per year and the timber has recently been cruised with a marketable value of 270,000+ dollars with timber decks already in place. There is a hay barn on the property with access to a deep well that is serviced with solar and wind power.<br /> <br /> <br /> <br /> The beautiful topography of the land provides an oasis for wildlife with 3 wet weather ponds (at least 1 reaching approx. 22 feet deep), and the Ohoopee Creek runs along the backside of the property. <br /> <br /> <br /> <br /> The pristine log cabin has 3BR and 2BA featuring an open floorplan with gorgeous heart pine wood throughout the walls and ceilings, granite countertops in the kitchen, and new LVP flooring throughout. The property provides a perfect getaway or permanent residence with high speed fiberoptic data connectivity, a vector security system and web-based surveillance cameras. <br /> <br /> <br /> <br /> This property is a unique gem. It is ready to hunt, relax, and make memories with your family and friends!
MlsNumber:	--
ListingId:	533010

Listing Provided By:	Blanchard & Calhoun - Scott Nixon, original listing
Phone:	(706) 877-2139
Office Phone:	(706) 863-8953
Agent Name:	Kristin Ellison
Disclaimer:	Copyright © 2024 Greater Augusta Association of Realtors. 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