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Tbd W. Black Bear Crossing
Elk Park, NC 28622
John Heinlein with Blue Ridge Realty & Inv. - Banner Elk, original listing - (828) 263-8711
$165,000
Conventional
Property
Bedroom
--
Bathroom
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Property Type
Conventional
Square ft
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Property Description
Sitting high on a gentle grade knoll in the center of the Headwaters community, you will get the most striking mountain views! Real mountains, not a tree lined ridge! The location and slope of nearby lots should keep other homes from being part of the view. Active 3 bedroom septic permit. No long drive back to the front gate with this lot; Clubhouse, lakes, parks and gated entrance close by. Lot runs to the cul-de-sac which ends the road, so no through traffic and plenty of quiet and seclusion. Priced favorably to big view lots in other nearby subdivisions. The Headwaters at Banner Elk is a luxury gated community in the beautiful Blue Ridge mountains of Western North Carolina. With six community parks, two lakes, miles of trails, breath-taking views and a multi-million dollar clubhouse, this is the place to build your dream home! Headwaters is a short 15 minute drive to quaint Banner Elk. Close to skiing, hiking, the Blue Ridge Parkway, Grandfather Mountain, restaurants, shopping, Valle Crucis, Boone, Blowing Rock and much more! In 2006, a septic system improvement permit was granted by the Health Department to construct a 3 bedroom home on this lot. The permit was reactivated in January 2020 (see Septic Permit in listing documents). The 2020 permit requires the house and driveway location to remain as per the site plan in the original septic permit. Listing office does not hold earnest money. Sellers are brother/sister-in-law of listing agent. There may be an opportunity (see Well agreement in listing documents) to obtain water from the common well on lot 71, but it might be better to have your own private well. "Water Features' listed are found inside the Headwaters community. The high elevation of this lot will provide cool days and nights for your comfort. Headwaters has a minimum rental period of seven consecutive days. For more Headwaters info and photos, please go to www.headwatersatbannerelk.com.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Land-Other
Year Built
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MLS Number
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Location
Address
Tbd W. Black Bear Crossing
City
Elk Park
State
NC
Zip Code
28622
County
AVERY
Listing
Name
Phone
(828) 263-8711
Office Name
Office Phone
(828) 263-8711
Agent Name
John Heinlein
Agency Phone
(828) 263-8711

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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.