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6673 Stagecoach Road
Marshall, TX 75672
$650,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2280
Property Description
LAKEFRONT 3 BED 3 BATH! Lakefront privacy and seclusion on Lake Shadowood Reservoir, just northeast of Marshall! Enjoy largemouth bass and channel catfish fishing, tubing, and knee and wake boarding from your personal dock, just a quick walk down from your 2280 sq ft home! Nearly 14 acres of gorgeous and serene pasture and woods with trails throughout and 1400 ft of lake frontage, including private sloped dirt ramp, make this property a beautiful gem tucked away between Longview and Shreveport with quick access to Marshall and Tyler! With no land restrictions and no mandatory HOA, this property can be your hunting and recreational paradise with room for livestock--deer and eagles are common! The home here is perfect for entertaining multiple guests with an open floor plan, cozy living room with wood-burning fireplace, bonus family room with a king-sized murphy bed, two guest bedrooms, and two full guest baths. Space galore and extra closets, a flex office or nursery space next to the master, plus a great size laundry room, make this an excellent retreat for you and your family! You’ll find bar-top seating in the kitchen, plenty of cabinet and counter space, and a walk-in pantry. Dinner will be with lake views in the dining area or spend your mornings out on the back deck! The split master bedroom also has lakefront views and a spacious master bath with double vanity and a tiled walk-in shower with multiple shower heads. There’s fabulous natural light from a transom window above the shower! With ¾’ solid oak flooring, cushy carpet in the bedrooms, and tile in the guest baths, you’ll love the easy maintenance and finishings inside. A cow and horse barn, goat pen, and chicken coop outside means setting up livestock will be easy. With room for gardens, more barns or corrals, and all the bass you could want, this property is a fabulous homestead only 40 miles from Shreveport! Don’t miss your chance for peace and quiet on a private lake in East Texas!
Property Information
Lot Size
13 acre(s) square ft
Property Type
Residential
Year Built
2015
MLS Number
24006249
Location
Address
6673 Stagecoach Road
City
Marshall
State
TX
Zip Code
75672
County
HARRISON
Listing
Provider
Keller Williams Realty, original listing
Name
Keller Williams Realty
Phone
(903) 534-6600
Office Name
Keller Williams Realty-Tyler
Office Phone
(903) 534-6600
Agent Name
Charlotte Williams

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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.

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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.