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1626 Amberwood Drive Se
Bolivia, NC 28422
$1,096,500
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
5050
Property Description
European Charm meets Coastal Retreat in this luxuriously appointed estate in the Water Access Community of Winding River! From the sweeping stone driveway to the relaxing backyard entertaining space with saltwater pool, no detail has been spared. 3 oversized ensuite bedrooms, another bedroom and additional 2 full bathrooms offer endless possibilities for your family! As you enter the two story foyer feast your eyes upon the beautiful stone fireplace, elegant formal dining area, and abundant light from the expansive windows in the Great Room. The whole house sound system, built-ins of the Office and Great Room, crafted mantels of the 4 Fireplaces, and inviting curved staircase offer your family and guests an elegant retreat for the senses. This luxury Coastal Design home built by Craig Lewis Builders accentuates quality craftmanship in every detail with Amish Crafted Cherry Cabinets, spacious rooms with interesting angles and architecture, Chef's Kitchen equipped with beautiful storage and function, and cozy nooks throughout. The Sun Room off the Breakfast and Family Rooms offers additional seating and seamless entertaining options. The Guest Bedroom 3 has peek-a-boo windows with views of the Great Room below, access to the balcony overlooking the backyard oasis and ensuite. The spacious Owner's Suite boasts a Sitting Room with Fireplace, enticing ensuite with jetted tub, and access to the Raised Patio. Numerous options in the oversized Guest Suite with ensuite upstairs. Roof replaced 2023 and Generator installed in 2022 for added comfort. Enjoy the community amenities of Ocean Front Beach House & Pool with 2 gated parking lots, 2 Marinas - Seaside on the ICW & River House on the Lockwood Folly River, Owners' Club House, Fitness Center, Trails, Tennis/Bocce Courts, and Community Pool complex. Enjoy Carolina National Golf Course as the backdrop of this nature-inspired Community!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2003
MLS Number
100393534
Location
Address
1626 Amberwood Drive SE
City
Bolivia
State
NC
Zip Code
28422
County
BRUNSWICK
Listing
Provider
Coldwell Banker Sea Coast Advantage, original listing
Name
Coldwell Banker Sea Coast Advantage
Phone
(910) 457-6713
Office Name
Coldwell Banker Sea Coast Advantage
Office Phone
(910) 457-6713
Agent Name
Heather LaMora

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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.