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156 Nw 12th Street
Oak Island, NC 28465
$969,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2365
Property Description
This unique custom built piling home is situated on two lots on the west end of Oak Island. As you enter the electronic gate into the fully fenced drought resistance landscaping you may choose one of 3 entrances. You are then greeted by a large open living space anchored by a three season room with stonework fireplace and chef's kitchen. The kitchen features a Viking gas stove, teppanyaki grill, commercial graded stainless flip up outlets, 12ft quartz top island, prep sink with reverse osmosis water filtration and casement windows for easy access to the 3 season room. This provides a virtually seamless living between indoor and outdoor space in which to entertain or just chill for your own pleasure. Natural light is abundant with 32 tempered storm windows and custom 12ft slider. The master ensuite features dual walk-in closets that include motion sensors lighting, double vanity, large shower and laundry chute. Guest rooms are located upstairs, with a separate thermostat, jack and jill bathroom connecting the light filled bedrooms and sliding barndoor if not in use and /or for privacy. The ground floor entrance has motion sensor light switch and the stairwells have stainless downlighting for a high-end professionals touch. Located to the left of the downstairs entrance you will find the laundry facility. Features include large cabinets storage , washer & dryer, as well as a custom elevated tile dog wash station for the four legged friend. Although there are just too many features to list, here are a few more to consider: Under the home is 1,450 sq ft of covered space, 500 sq. ft workshop/garage with bay door, home is constructed of 2X6 framing, elevator shaft in place with, hydraulic piston in the wall and 200 amp electrical panel for future addition, and lots of storage, You must come see this one to Truly appreciate!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2017
MLS Number
100422173
Location
Address
156 NW 12th Street
City
Oak Island
State
NC
Zip Code
28465
County
BRUNSWICK
Listing
Provider
Margaret Rudd & Associates, Inc., REALTORS, original listing
Name
Margaret Rudd & Associates, Inc., REALTORS
Phone
(910) 278-5213
Office Name
Margaret Rudd Assoc/Sp
Office Phone
(910) 457-5258
Agent Name
John Dosher

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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.