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601 Highway 747
Loris, SC 29569
$849,999
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2728
Property Description
If you have been looking for the perfect horse farm then look no further! Only 25 minutes from the beach! Absolutely gorgeous two-story country home that sits on nearly 18 acres. This breath taking piece of land includes a four-stall horse barn that is insulated, heated and cooled, has a tack room (or spare bedroom), a bathroom, separate power meter, heated wash racks for horses, riding pen and regulation size riding arena and plenty of riding trails on the property to enjoy! There is 10 acres +/- grazing pasture with cross fencing for grazing. The home has beautiful tile flooring that spreads throughout the foyer, which is flanked by a pair of formal dining rooms with glass doors and home to a convenient half-bath. Through the foyer you’ll find the living room with built-in shelving on either side of its large fireplace, connected by a breakfast area to the kitchen, which features Silestone quartz counter tops and flat-top stove. Upstairs are a pair of guest bedrooms sharing a full bath, a sitting area, and a spacious master suite featuring its own private attached full bath. Gorgeous hardwood flooring extends throughout the home with tile in wet areas and the foyer. If you’re looking for a peaceful setting out in the country then this is it. You even have enough room to land your own private plane. You simply must see this gem for yourself. Can be registered with county as agricultural use (over 10 acres) saving thousands on taxes. This is a turnkey horse facility! Here is some additional information from the seller: Extensive drainage work so the pasture never floods. The home is well-insulated with 5/8 drywall and insulated interior walls very low energy cost never more than a couple hundred dollars. Entire high efficiency dual zone HVAC replaced in 2020 with Nest thermostats . Huge carports with six parking spots or equipment/hay storage, 20 privacy trees along road frontage, Kitchen back splash, Entire house interior painted fall 2019, Insinkerator replaced 2023, Water heater replaced 12/23, custom master closet in 2023, Fiber optic internet, Trash service available, House on city water, Barn on well water, Both the house and barn on city sewer, Added loft storage in the barn and added a utility shed. A wildlife preserve is located behind the land so nothing can be built and the land to the left is classified as wetlands so nothing can be built on that side either. On the right side is a pine tree grove. You will have piece of mind that no homes or subdivisions will be built around you.. Don't let this rare opportunity get away. Book your appointment now!
Property Information
Lot Size
17 acre(s) square ft
Property Type
Residential
Year Built
2002
MLS Number
2408179
Location
Address
601 Highway 747
City
Loris
State
SC
Zip Code
29569
County
HORRY
Listing
Provider
Brand Name Real Estate, original listing
Name
Brand Name Real Estate
Phone
(843) 345-2932
Office Name
Brand Name Real Estate
Office Phone
(843) 532-9133
Agent Name
Jason Ryan

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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.