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3550 Lilly Pad Court
Shallotte, NC 28470
$65,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
--
Property Description
Honey,Look We've Finally Found it! This beautiful .72 acre oversized homesite is located in the desirable River's Edge Golf Plantation community of Shallotte NC. Just outside the gates, the location provides all of the River's Edge Golf Amenities and provides the privacy of an oversized lot and amazing nature with elbow room from neighbors. The lot is also located in a private paved cul-de-sac at a great value! With municipal water and sewer connections available, street lights,road maintenance, and beautiful trees, no need for the fuss of septic tanks or well water. Living at this paradise location provides the opportunity to enjoy all of the neighborhood and Holden Beach House amenities which include the Premier golf course where membership is available or play per day options, a golf clubhouse located on the Shallotte River with a restaurant for golfers and the neighborhod, The River House where the outdoor and indoor pools are located with meeting rooms, exercise facilities, a library, tennis and pickleball courts nearby, The amenities also inckude access to the Holden Beach Club located near the oceanfront on Holden Beach which provides a place to park and hang out as one enjoys the beach. What an incredible buy! Perfect place for anyone looking for good schools and to be close to the commercial hub of Shallotte. Perfect for anyone who likes to walk, meet new friends, enjoy birdwatching and nature. Just a lovely place to build a beautiful home with the help of the River's Edge Architectural guidelines and house planning advice. The HOA is reasonable for all of the extras one gets at your finger tips.This location is minutes to Shallotte Town Center's shopping and restaurants, 10 minutes to Ocean Isle Beach. 20 minutes to Holden Beach Club that is part of the awesome amenities. Plan to visit soon! You can't beat the value!
Property Information
Lot Size
-- square ft
Property Type
Lots And Land
Year Built
--
MLS Number
100317984
Location
Address
3550 Lilly Pad Court
City
Shallotte
State
NC
Zip Code
28470
County
BRUNSWICK
Listing
Provider
Coldwell Banker Sloane Realty, original listing
Name
Coldwell Banker Sloane Realty
Phone
(910) 443-1189
Office Name
Coldwell Banker Sloane Realty OIB
Office Phone
(910) 579-1144
Agent Name
Wendy Milligan

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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.