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5222 Sc Highway 23
Johnston, SC 29832
$383,000
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
3671
Property Description
Former address was 1612 hwy 23, but 911 changed that to 5222. Historic 4 BR 3 BA Victorian Home on 4.7 Serene Acres amid lovely country estates and farms. There is elbow room in all directions. Property Features: Rare wooden exterior Victorian home, circa 1875. Situated on 4.7 acres with additional pasture acreage available (4.72 acres) which join this property (listed separately ). There is a wide front porch, large covered carport, and spacious enclosed back porch. The dining room and bedroom above have a bay window on the front. A Pecan grove provides a lovely canopy of shade in the warm seasons. Interior Features: Wooden walls and bead board ceilings in some rooms. Downstairs: Living Room, Den, Dining room, eat-in kitchen, large utility room (with solid plank walls), primary bedroom, home office, handicap bath, plus an additional full bath. Upstairs: 3 bedrooms and bath. Restoration Background: This historic gem was lovingly preserved in the 1980s by the parents of the owners, with the goal of maintaining its original charm while modernizing for comfort. Those updates included replacing the wiring, plumbing, installing the baths and kitchen, enclosing the back porch and much more. New metal roof installed in 2017. Central heat was installed and later replaced by propane units for better energy conservation by zoning the rooms being used. Since the owners retired, less rooms were being used. Window AC units were used for energy conservation and personalized temperature control. Sold as is, including the outbuildings that could be removed or repaired at the buyer's option. Home is on well and septic, with public water available at the street. The property is located on the outskirts of Johnston, S.C., known as ''the Peach Capital of The World,'' with neighboring towns of Trenton, Ridge Spring and Edgefield just 10 minutes away. Local shopping includes the basics, with expanded shopping in Aiken, S.C., North Augusta, S.C., and Augusta, Ga., (within 35-45 minutes of this location). Augusta, Ga. is known for its medical facilities, and there is a local hospital within 12 minutes in Edgefield, S.C. Opportunity Awaits: Don't miss your chance to own a piece of history. Schedule a viewing today and unleash your creative power to transform this historic home into your own perfect country retreat. Bring the 1980s restoration forward to 2024! Measurements and age are approximate. Buyer to verify if important.
Property Information
Lot Size
4 acre(s) square ft
Property Type
Residential
Year Built
1895
MLS Number
207949
Location
Address
5222 Sc Highway 23
City
Johnston
State
SC
Zip Code
29832
County
EDGEFIELD
Listing
Provider
Derrick Realty Inc, original listing
Name
Derrick Realty Inc
Phone
(803) 275-4090
Office Name
Derrick Realty
Office Phone
(803) 275-3234
Agent Name
Mary Derrick

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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.