Home for Sale at 1032 Clove Hitch RD, Georgetown, TX 78633

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1032 Clove Hitch Rd
Georgetown, TX 78633

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Property Details

List Price:	$385,000
Beds:	3
Baths:	Full: 2
Status:	Active
SqFt:	1737 Square Feet
Agency:	Keller Williams - Round Rock

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Description/Comments

Lot Size:	0 sqft
Property Type:	Residential-Single Family Residence
Year Built:	2015
Notes:	This stunning home is located in the highly desirable Georgetown Village offers a sought-after combination of features. Situated on a spacious lot with a large backyard, which is shaded by a covered patio and beautiful, mature oak trees. Whether you're hosting gatherings or simply relaxing outdoors, this shaded oasis offers a perfect retreat. Privacy and tranquility are key in this home, with the owner's bedroom discreetly tucked away at the back of the house. This layout ensures that you can enjoy peace and quiet whenever you desire. Throughout the house, you'll find hardwood and tile flooring, which not only add elegance but also offer durability and easy maintenance. The secondary bedrooms, feature carpeting, providing a comfortable feel. The open concept design flows seamlessly into the dining area and functional kitchen area. The granite countertops in the kitchen add a touch of luxury and sophistication, while the gas range offers precise and efficient cooking options for culinary enthusiasts. Another standout feature of this property is that it does not have any HOA fees, providing you with more flexibility and freedom. Despite its many remarkable features, the property enjoys one of the lowest tax rates in Georgetown. With its appealing qualities and low tax rate, it presents an excellent opportunity for homeownership in this desirable area. Welcome Home!
MlsNumber:	--

Listing Provided By:	Keller Williams - Round Rock, original listing
Phone:	(512) 255-5050
Office Phone:	(512) 255-5050
Agent Name:	Jesse Lawrence
Disclaimer:	Copyright © 2024 Keller Williams Realty, Inc. 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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