Home for Sale at 350 Pecan Creek, Henderson, TX 75654

350 Pecan Creek
Henderson, TX 75654

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Property Details

List Price:	$720,000
Beds:	3
Baths:	3
Status:	Active
SqFt:	3319
Agency:	East Texas Preferred Properties, LLC

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1998
Notes:	Welcome Home to 350 Pecan Creek. This stunning home is nestled within the prestigious Pecan Creek Subdivision. This exquisite property is over 3300 square feet and offers a blend of luxury, comfort, and style designed to cater to a refined homeowner's needs. Once you pull into the circle drive, you are greeted with an awe-inspiring view of this gorgeous home. When you step inside you will be in the beautiful foyer with an overlook towards the dining room, office and living room that boasts high ceilings and an abundance of natural light, illuminating the elegant hardwood and tile floors throughout. The large primary suite is magnificent, complemented by a spa-like bathroom with a soaking tub, separate shower, dual vanities, and two generous walk-in closets. Each guest bedroom offers access to a Jack and Jill bath, ensuring privacy and convenience for family and guests alike. One of the guest rooms has a hidden niche for a gaming room or even a reading nook. The kitchen is a chef's dream with beautiful countertops, a gas cooktop, an oversized island perfect for gatherings, and top-of-the-line appliances. The living area is warm and inviting with its cozy gas log fireplace and built-in bookcases. Entertaining spaces flow out of the living and kitchen into an extensive sunroom that is currently being used as a game room. Next, step onto the patio that is leading to the breathtaking, inground gunite pool that features a sunbathing deck and bar seating in the pool and a hot tub attached for the perfect combination. A beautiful cabana with storage, private bathroom and outdoor kitchen. Your peaceful oasis for relaxation or hosting memorable gatherings. At 350 Pecan Creek, this isn't just home it is a lifestyle.
MlsNumber:	20241192

Listing Provided By:	East Texas Preferred Properties, LLC, original listing
Name:	East Texas Preferred Properties, LLC
Phone:	(903) 984-0115
Office Name:	East Texas Preferred Properties, LLC - Kilgor
Office Phone:	(903) 984-0115
Agent Name:	Kacy Kersh
Disclaimer:	Copyright Â© 2024 Longview Area 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