U.S. Department of HUD Owned Property – Exceptional Opportunity on One Acre $70,140

U.S. Department of HUD Owned Property – Exceptional Opportunity on One Acre

Presented by the U.S. Department of Housing and Urban Development, this HUD-owned property represents an outstanding opportunity for homeowners, investors, and renovators alike. Offered under Case #281-441047, this spacious four-bedroom, three-and-a-half-bath residence is situated on a generous one-acre lot, providing ample space, privacy, and flexibility for a variety of uses. In accordance with HUD guidelines, the property is being sold As-Is, with Equal Housing Opportunity extended to all qualified buyers.

This home offers a solid foundation, a desirable layout, and significant upside potential for buyers willing to bring vision and improvement. Whether you are looking for a primary residence with room to grow, a renovation project using FHA 203K financing, or an investment opportunity, this property delivers size, land, and structure that are increasingly difficult to find in today’s market.

Upon arrival, the expansive one-acre lot immediately stands out. The large parcel provides room for outdoor living, recreation, gardening, or future enhancements, making it ideal for buyers who value space and privacy. The lot size also offers flexibility for additional outdoor features such as patios, workshops, play areas, or landscaping improvements, subject to local zoning and approvals. Properties with this amount of land continue to be in high demand, adding long-term value and appeal.

Inside, the home features a four-bedroom layout, offering versatility for a wide range of living arrangements. The bedrooms provide ample space to accommodate families, guests, home offices, or hobby rooms. With four bedrooms, this property can easily support multigenerational living or remote work needs, while still maintaining privacy and comfort throughout the home.

The three full bathrooms and one half bath add significant convenience, particularly for larger households or those who enjoy entertaining. Multiple bathrooms reduce congestion during busy mornings and provide comfort for guests. The layout supports functional living while offering opportunities for updates and modernization to suit today’s design preferences.

This property is classified as FHA Uninsured (UI) and is 203K eligible, making it an excellent candidate for buyers who want to finance both the purchase and renovation costs into a single loan. The FHA 203K program allows owner-occupants to customize and improve the property while spreading renovation expenses over time. This makes the home especially attractive to buyers looking to build equity through improvements rather than paying a premium for a fully renovated property.

As required, the sale is subject to FHA appraisal, ensuring that the property meets FHA guidelines for valuation and eligibility under the appropriate loan program. Buyers are encouraged to work closely with experienced lenders and real estate professionals familiar with HUD transactions to ensure a smooth process.

Due to the age of the property, a Lead-Based Paint Addendum is required, in compliance with federal regulations. Buyers should conduct all appropriate inspections and due diligence to fully understand the property’s condition and any remediation that may be necessary. HUD homes are sold As-Is, meaning no repairs or warranties are provided by the seller.

One of the benefits of this HUD-owned sale is flexibility at closing. Buyers may select their own closing agent or firm, allowing them to work with professionals they trust. Additionally, the seller may contribute up to 3% toward the buyer’s closing costs, upon buyer request, which can significantly reduce out-of-pocket expenses and improve overall affordability. This contribution can be especially beneficial for buyers utilizing FHA financing or renovation loans.

It is important to note that buyers are responsible for verifying all square footage, taxes, and school district information prior to submitting an offer. Neither the seller nor the seller’s agents make any representations or warranties regarding the condition of the property, including but not limited to mechanical systems, structural components, or improvements. All information is deemed reliable but not guaranteed, and buyers are strongly encouraged to conduct thorough inspections.

From an investment perspective, this property offers compelling potential. The size of the home, the four-bedroom configuration, multiple bathrooms, and one-acre lot position it well for future resale, long-term rental, or even short-term rental opportunities where permitted. With renovations and updates, this home could command strong market value due to its layout and land size.

For owner-occupants, this property offers the chance to create a personalized home tailored to your needs and style. Rather than settling for someone else’s design choices, buyers can update finishes, layouts, and systems to reflect modern living standards while building equity in the process. The FHA 203K eligibility further enhances this opportunity by making renovations more accessible.

HUD-owned homes are a unique segment of the real estate market, often providing buyers with opportunities that are not available through traditional listings. While sold As-Is, these properties can offer excellent value for buyers who understand the process and are prepared to take on improvement projects. With the right planning, this home can be transformed into a comfortable, functional, and valuable asset.

In summary, this HUD-owned 4-bedroom, 3.5-bath home on a one-acre lot offers size, flexibility, and potential that make it stand out. With FHA Uninsured UI status, 203K eligibility, possible seller-paid closing costs, and a desirable amount of land, this property is well-suited for buyers seeking opportunity rather than perfection. Whether your goal is to renovate, invest, or create a long-term residence, this home provides the space and structure to make it happen.

Serious buyers are encouraged to act promptly, conduct all necessary due diligence, and consult with qualified real estate and lending professionals familiar with HUD transactions. Opportunities like this—combining land, square footage, and financing flexibility—do not come along often.