Home for Sale at 7000 Farm To Market Road 332, Brenham, TX 77833

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7000 Farm To Market Road 332
Brenham, TX 77833

Kathy McKinney with Compass - Kathy McKinney, original listing - (979) 836-5599

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Property Details

List Price:	$7,636,000
Beds:	3
Baths:	Full: 2
Status:	Active
SqFt:	1613 Square Feet
Agency:	Compass - Kathy McKinney
Agency Phone:	(979) 836-5599

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Description/Comments

Lot Size:	247 acre(s)
Garage:	Garage
Property Type:	Farm-Farm
Year Built:	1890
Notes:	Come back to a time of peaceful sunrises and sunsets that go on forever, with views from high ridges that are yours alone. From cows with new born calves to old school race horse barns having 12X12 stalls and dedicated horse pasture. The ranch has a history of its own. ?Majestic Oaks? speak for themselves with this beautifully maintained property having a 1890?s home with it?s own windmill. A short walk down the asphalt drive leads to three incredible barns that check all the boxes. From a 4 bay garage with separate shop to large equipment storage building to the hay barn with enclosed drive through lane from which trucks and trailers can be unloaded directly into the barn. Each barn is very well constructed and maintained on a concrete slab. A good set of working pens and barns are all in close proximity to the home. The property has been well maintained and fertilized with absolutely beautiful trees, all of which are grounded around an incredible stocked lake in addition to 5 smaller lakes/stock tanks. The lake is overlooked from most of the land. Having road frontage on four sides the property is very private with magnificent oak trees, improved pastures, fencing and cross fencing in new to amazing condition. Round bales can be produced in a good year with barns to store it in. If you would like to build your own home, there are multiple locations. <br /> <br /> Cattle, equipment and vehicles will be available for purchase by bill or sale at the time the property sells.
MlsNumber:	--
ListingId:	146364

Listing Provided By:	Compass - Kathy McKinney, original listing
Phone:	(979) 836-5599
Office Phone:	(979) 836-5599
Agent Name:	Kathy McKinney
Disclaimer:	Copyright © 2024 South Central Texas Board 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.

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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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