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1223 Wyse Fork Road
Trenton, NC 28585
$1,600,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
4671
Property Description
2017 luxury two-story home has 4 bedrooms, 3 full baths and 1 half-bath. Separate guest house has two bedrooms & two bathrooms. Drive up the gated driveway, past the water fountain to the expansive covered veranda across the front of the home. Make a grand entrance into the open foyer with adjoining living and dinning rooms. Both living & dining rooms have 10' ceilings, gas fireplaces, hardwood flooring, transom windows, built-ins & walls of windows with a view of the grounds. Cooks kitchen with keeping room has an island with under-mount prep sink, gas cooktop with vent hood, double wall ovens & walk-in pantry. First floor owners' suite with gas fireplace, separate vanities, two closets, soaker tub, oversized walk-in shower, commode closet and private exterior door to the deck. Additional first floor features include half bath, office with built-ins, laundry room, & utility complete with dog shower. Let's go upstairs. Second floor ensuite has dual vanities, separate commode and shower room, & a bonus room. Two additional bedrooms complete with their shared jack & jill bathroom. Second floor bedrooms all adjoin the lounge. Open porch spans the back of the home which leads to the pavilion. Pavilion has room for seating & dining areas, a gas fireplace, wall mounted TV & outdoor kitchen. Furnished guest house with two bedrooms & two bathrooms is being used as an Airbnb. Guest house first floor is a garage with separate bays: used as a workshop, home gym with half bath & one for storage. Rear property line on the Trent River with 4 RV & 1 tent rental sites, bathhouse, floating dock, picnic area & more. Second driveway to the guest house & campsites. Cows, chickens & donkey are the current farm inhabitants. Nine pastures with electric fence, hay barn, pole barn, well house, chicken coop, fenced bee yard, fodder room, hay fields & more. This could be converted to an equestrian property. Call the listing agent for more details & to schedule your showing.
Property Information
Lot Size
37 acre(s) square ft
Property Type
Residential
Year Built
2017
MLS Number
100399229
Location
Address
1223 Wyse Fork Road
City
Trenton
State
NC
Zip Code
28585
County
JONES
Listing
Provider
NorthGroup, original listing
Name
NorthGroup
Phone
(252) 474-8288
Office Name
NorthGroup
Office Phone
(252) 474-8288
Agent Name
Allana Ross | New Bern 4 Sale

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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.