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1132 Francis Marion Rd.
Florence, SC 29506
$989,900
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
4846
Property Description
The Historic Red Doe Plantation, a quintessential Southern estate, offers a glimpse into the past with its Antebellum raised-style cottage built in 1846. Situated on 2.94 acres in Florence, South Carolina, this meticulously restored home boasts 4 bedrooms and 4 bathrooms across nearly 4900 square feet. Step through the original front double doors adorned with large copper gas lighting to discover a world of historic charm. The entertaining level features 12-foot soaring ceilings, original bubble glass windows, a gourmet kitchen with a soapstone island and butlers’ pantry, formal dining and living rooms, a library/office, and original pine flooring adorned with intricate moldings, doors, and mantel pieces lovingly restored to their former glory. Descend to the lower level and be greeted by custom hand-hewn wood ceiling beams in every room. Here, the primary bedroom awaits, complete with a large bath boasting a copper tub, custom tile shower, and leathered quartz countertops. Additionally, this level offers a spacious informal den, two separate laundry rooms, and two additional bedrooms and baths, all featuring quartz countertops and tile showers. Outside, two grand rain-covered porches, an outdoor back patio, and a guest house waiting for remodel provide ample space for entertaining amidst mature foliage illuminated by custom copper gas lighting and outdoor landscape lighting. The property also features a sprinkler system sourced from an outdoor water well. Fully restored with new electrical, plumbing, HVAC, Rinnai tankless water heater, gas lanterns, and more, the Red Doe Plantation has been the backdrop for countless weddings, parties, and celebrations. With its unique blend of glamour and historical charm, this property presents a rare opportunity to own a piece of Southern history and a coveted community event venue. All the glamour and uniqueness instilled into this home make Red Doe Plantation a once in a lifetime find.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
1846
MLS Number
20240912
Location
Address
1132 Francis Marion Rd.
City
Florence
State
SC
Zip Code
29506
County
FLORENCE
Listing
Provider
eXp Realty Pee Dee, original listing
Name
eXp Realty Pee Dee
Phone
(888) 440-2798
Office Name
eXp Realty LLC
Office Phone
(888) 440-2798
Agent Name
Natalie Taflinger

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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.