Home for Sale at 408 E 1st Street, Long Beach, MS 39560

408 E 1st Street
Long Beach, MS 39560

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Property Details

List Price:	$419,900
Beds:	6
Baths:	3
Status:	Active
SqFt:	2152
Agency:	Coldwell Banker Alfonso Realty,Inc.

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1958
Notes:	Attention! Seller is willing to give a qualified buyer a free night's stay in either unit on property. All I can say is WOW! Don't miss this unique Long Beach home with a separate cottage in back. Listed well below recent appraisal. The main house was mid term rented at $2,750 per month and is now being short term rented for the season. The cottage was also mid term rented and is transitioning back to short term for the season as well. Effectively new having recent professional renovation. This property generated $56,070 last year. The main home features an expansive living room / family room with a brick fireplace. A glass sliding door overlooks the back yard. Luxury vinyl plank floors throughout are beautiful, durable, and pet friendly. The owner's suite is unforgettable... a stunning bath retreat with a soaking tub shower wet area, lots of natural light, and more make this an inviting retreat. The kitchen is ready to make memories... family meals, entertaining, holidays... this will be the heart of the house. A gas range and premium stainless appliances along with natural stone counters and designer cabinets all contribute to the appeal. Two other bedrooms and a shared bath are equally attractive and inviting. Now here's where it gets really good... out back is a separate 3 bedroom 1 bath cottage that is every bit as nice as the main house... a perfect guest house, short term rental (it's present use), or mother-in law's cottage. Professionally renovated and decorated like the home, this little cottage is so cozy and inviting, you might just want to live there. There is private yard with a hot tub spa connected to the cottage. Presently being used as short term rental. Viewings are available when not occupied. The main house is a mid-term rental with viewings subject to 24 hour notice. Furnishings can be included with purchase for a successful turnkey business for $8,500.
MlsNumber:	4069048

Listing Provided By:	Coldwell Banker Alfonso Realty,Inc., original listing
Name:	Coldwell Banker Alfonso Realty,Inc.
Phone:	(228) 287-1000
Office Name:	Coldwell Banker Alfonso Realty-Lorraine Rd
Office Phone:	(228) 287-1000
Agent Name:	Philip J Leblanc
Disclaimer:	Copyright Â© 2024 MLS United. 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

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