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135 W Dowry Creek
Belhaven, NC 27810
$549,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
3400
Property Description
Peace, Privacy, Natural Beauty, full private bathroom for each bedroom, ceramic tile and the finest LVP flooring, views of the sunrise AND sunset, full length covered deck to share with all your friends, an entire additional floor above the flood plain that is partially finished and waiting for your personal touch. This is a home that you not only want to see, but you need to experience! Yes, you can have it all! Walk through the front entrance of this custom Barry Swindell built home to be awe-struck by the comfortable sunroom feel space capped with a cathedral ceiling overlooking the ample and open kitchen, dining and living room. This comfortable area offers a wall of windows for over 180-degree views overlooking across the Pungo River with literally miles of views of boats traveling along the Intra-Coastal Waterway (ICW) or some of the wide array of flying, swimming and walking wildlife. Even with a short stay you are likely to see Bald Eagles and ospreys circling for dinner in front of the house. Deer and mink are common in the wetlands areas that provide privacy and protection of your oversize lot. Each spacious bedroom is upstairs and is en-suite, with a separate half bath for guests. A favorite part of your day will be a 2-step walk to your custom walk-in pantry to plan a menu. Downstairs you will find another full 1,700 s.f. open floor with finished walls, ceiling, lighting and plumbing to add an additional full bath - just waiting for your personal design touches. This floor is also fully above the flood plain level. Trex decking fully covers both decks, as well as the exterior stairs, for care-free and maintenance free living. The custom-built kitchen features ample cabinets, granite countertops and an island that functions as well as it looks. Listing agent is seller. There is an adjacent additional .5 acre waterfront lot with pier & gazebo available. The Dowry Creek Community is uniquely located on South facing land, providing for both spectacular sunrises AND sunsets. Dowry Creek Marina services are available separately and include pier facilities and fuel, electric service at slips, a bathhouse and recreation room, swimming pool in the summer months, a year-round store and a fabulous new restaurant - "The Salty Crab". What more could you ask for? They say ''Location'' is everything in real estate and this listing really does have it all. Make the short drive to enjoy the best kept secret location of Belhaven, the ''Beautiful Harbor'', filled with eclectic restaurants, shops and parks. Come visit, feel welcome and decide if this place feels like your place.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
2023
MLS Number
100413757
Location
Address
135 W Dowry Creek
City
Belhaven
State
NC
Zip Code
27810
County
BEAUFORT
Listing
Provider
Prime Properties of Greenville, Inc. d/b/a Berkshi, original listing
Name
Prime Properties of Greenville, Inc. d/b/a Berkshi
Phone
(252) 321-1990
Office Name
BHHS PRIME PROPERTIES
Office Phone
(252) 321-1990
Agent Name
Gary Foote

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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.