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985 S Bald Head Wynd
Bald Head Island, NC 28461
Wendy Wilmot with Wendy Wilmot Properties, original listing - (910) 470-0000
$4,199,000
Conventional
Property
Bedroom
4
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
3160 Square Feet
Property Description
Crowning Bald Head's Dune Ridge, this 4 bedroom, 4.5 bath Peter Quinn-designed sanctuary delivers quiet while taking optimal advantage of its location to capture views from every angle-serene Maritime Forest perspectives and expansive azure Atlantic panoramas. A spacious foyer greets in this reverse floor plan. Off it, a cozy TV den accesses this level's shaded back screened porch. Beyond, a Full suite-with its own private bath-also provides entrée to the porch. Around the corner, a bright Twin suite sleeps two and supplies an ensuite with tub as well as a door to the ocean-facing front covered porch for seascapes inside and out. Next door, a large, sunlit corner Queen suite, with a sitting area, delights with two sides of water scenes as well as front porch entry. Halfway up the gleaming hardwood stairs, a window bench reading nook, with built-ins, boasts more glinting ocean prospects. The sun-drenched top floor's open floor plan, soaring ceilings and glassed bay walls showcase the surf's majesty from the Shoals far down South Beach. Savor those vistas warmed by the gas fireplace in the generous living space or outside while relishing briny breezes on the top floor's sun deck. Nearby, a dining porch lets you feast alfresco but you also have the option to eat inside while still observing the breakers. The considerable, multi-chef gourmet kitchen features yards of quartz prep space, a breakfast bar seating five, a built-in desk, a wine cooler and tons of storage. Off it are the laundry and the top level's back screened porch-perfect for nature-watching. Down a hall is the powder room and the corner Queen Owner's suite which furnishes a sitting area, private screened porch egress and a pampering bath with jetted tub, water closet, dual vanity and tiled shower. Convenient to the beach, clubs, and shops; adjacent to a donated lot and conveying with two golf carts (a four- and a six-seater), this home also offers a Full BHI Club membership for separate purchase.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2002
MLS Number
--
Location
Address
985 S Bald Head Wynd
City
Bald Head Island
State
NC
Zip Code
28461
County
BRUNSWICK
Listing
Name
Phone
(910) 470-0000
Office Name
Office Phone
(910) 470-0000
Agent Name
Wendy Wilmot
Agency Phone
(910) 470-0000

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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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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.