Home for Sale at 1054 Hill Dr, Mccomb, MS 39648

1054 Hill Dr
Mccomb, MS 39648

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Property Details

List Price:	$639,000
Beds:	5
Baths:	5
Status:	Pending
SqFt:	4954
Agency:	Doug Rushing Realty of McComb

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Description/Comments

Lot Size:	16 acre(s)
Property Type:	Residential
Year Built:	1965
Notes:	Come and discover one of the most exquisite homes in Southwest Mississippi! This 5 bedroom, 4 1/2 bath executive home, located on a dead end street, was designed by the legendary architect, Rag Watkins and was built by locally acclaimed builders Peck Sherman and Jimmy Clark, who have been well respected for their lifelong careers of quality construction. The attention to every detail ensures both luxury and functionality. This home, offering almost 5000 sq ft of living space, features large rooms, a main floor primary suite, a gourmet kitchen that includes a sub zero freezer and large commercial gas range, a swoon worthy wet bar, an adorable library nook, hand picked custom wood paneling, wide plank hardwood floors as well as beautiful brick pavers. The exterior doors that lead onto the expansive porch even include pocket screen doors that will allow nice breezes inside while keeping unwanted insects out! The luxurious amenities continue to the outdoors featuring an inground pool, a fabulous outdoor kitchen and bar area perfect for entertaining friends and family or just relaxing around the firepit in the evenings. There are acres of fruit trees, blueberry bushes, muscadines, a beautifully designed green house and even a chicken coop! For the hunters in the family, there is a 10 acre hunting tract complete with a food plot and box stand. This home has everything you could dream of!!! Call your favorite agent today for a private showing!
MlsNumber:	140707

Listing Provided By:	Doug Rushing Realty of McComb, original listing
Name:	Doug Rushing Realty of McComb
Phone:	(601) 249-3400
Office Name:	Doug Rushing Realty of McComb
Office Phone:	(601) 249-3400
Agent Name:	Kristen McBeth
Disclaimer:	Copyright Â© 2024 Southwest Mississippi 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.

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