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123 Old Savannah Court
Moncks Corner, SC 29461
$1,295,000
Conventional
Property
Bedroom
7
Bathroom
6
Property Type
Conventional
Square ft
--
Property Description
ACCEPTING BACKUP OFFERS - HOME SALES CONTINGENCY EXPIRES 5/15/24. Come experience the beauty on 9 acres along the historic Cooper River corridor near Mepkin Abbey and across from Buck Hall Plantation (conservation easement). With close proximity to Mt. Pleasant & Moncks Corner, you can easily enjoy the lake, river & ocean. Nearby boat landing provides access to the Cooper River and Lake Moultrie. Louisiana plantation style architectural design with attention to every detail is evident upon entry to this custom home built by the owner. The circular brick-lined driveway welcomes family and guests. A beautiful rural setting, yet only 8 minutes from the Moncks Corner Wal-Mart. The flanking copper entry lanterns, 62' front porch, curved staircase, grand foyer, extensive crown moldingand heart pine floors set the stage on the main level. Every room is filled with natural light in this multi-generational estate. 1st and 2nd floors are complete living quarters with entry from either level, and elevator access to all 3 floors. The slab foundation also provides convenient wheelchair access. First floor has 4 large bedrooms, 3 full baths, laundry room and galley foyer leading to an open family room/dining/kitchen combination with masonry wood burning fireplace and 9' ceilings. First floor kitchen has a stainless farmhouse sink, granite countertops, Wellborn cabinets, soft close drawers, under-cabinet lighting, built-in trash drawer; pull out spice rack and pantry drawers. The second floor boasts a grand library or living room and formal dining room with butler's pantry built-in, master bedroom suite with a spacious custom walk-in closet, laundry room and open family room/dinette/kitchen combination and 10' ceilings. Second floor "L-shaped" kitchen has a convenient gas cooktop/exhaust fan, granite countertops, built-in pantry space. Access the full length screened porch (62 feet by 10 feet) from second floor family room to overlook a beautiful garden along the wood line, trellis walkway, a brick-lined tabby-shell patio, and tiered water fountain. The third floor is a bonus with Jack and Jill bedrooms sharing a full bath, an office space and conditioned walk-in storage. Additional attic storage access from third floor provides access to a widow's walk. Detached 3-car garage is 36'x36', which includes a workshop (12'x36') with full bathroom. The workshop could easily be restored to an apartment as previously used. Energy efficiencies include spray foam insulation in the house and fiber insulation in garage as well as 2 Rinnai tankless water heaters with recirculating systems for instant hot water throughout the home. Back porch is plumbed with 2 LP gas lines for easy grill hook-up. Back-up generator onsite. 300-gallon underground propane tank to serve gas appliances. Owner has current termite bond. This is the perfect find for privacy, space and peace of mind without the hassle of an HOA. Store your boat/RV on the property, bring your horses, and plant your garden. The possibilities are endless. This property truly represents what it means to "Live the Lowcountry Lifestyle".
Property Information
Lot Size
9 acre(s) square ft
Property Type
Residential
Year Built
2009
MLS Number
23019714
Location
Address
123 Old Savannah Court
City
Moncks Corner
State
SC
Zip Code
29461
County
BERKELEY
Listing
Provider
The Boulevard Company, original listing
Name
The Boulevard Company
Phone
(843) 723-1988
Office Name
The Boulevard Company, LLC
Office Phone
(843) 723-1988
Agent Name
Michele Singletary

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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.