Home for Sale at 859 Cold Creek Drive, Evergreen, AL 36401

859 Cold Creek Drive
Evergreen, AL 36401

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Property Details

List Price:	$375,000
Beds:	3
Baths:	2
Status:	Active
SqFt:	1812
Agency:	Partners Realty

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	2005
Notes:	Discover the epitome of lakeside living with this rustic lake house, poised on the picturesque shores of Cold Creek Lake. This exquisite property seamlessly blends rustic charm with modern touches. The inviting facade welcomes you with a classic natural look, while the large screened porch showcases breathtaking views of the lake. <br /> <br /> Step inside to an open-concept living space featuring a new stove, dishwasher, and vent hood in the kitchen. French style doors open to the large screened deck providing the perfect setting for the gentle lake breeze. The lawn slopes gently towards the private dock, offering direct access to the lake. <br /> <br /> New HVAC, septic system, lighting, and 2 16x40 buildings have all been added in the last year. One of the new buildings has a full bathroom, fully insulated, its on septic system, and power meter. The second one is utilized as a work shop for tools and supplies. There is also a home generator and tankless water heater that run on propane on the main home.<br /> <br /> Cold Creek Lake is a 40+acre private lake that is stocked with bass and bream and produces some outstanding fishing opportunities. An annual association fee is paid in order to maintain and manage this beautiful lake for the residents. <br /> <br /> This lake house is more than a home; it's a lifestyle. Your dream lake house awaits-where memories are made, and a lifetime of waterfront living begins.
MlsNumber:	552292

Listing Provided By:	Partners Realty, original listing
Name:	Partners Realty
Phone:	(334) 277-1077
Office Name:	Partners Realty
Office Phone:	(334) 277-1077
Agent Name:	Rod McIntyre
Disclaimer:	Copyright Â© 2024 Montgomery Area Association of Realtors MLS. 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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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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or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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