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3530 Van Buren Street Sw
Supply, NC 28462
$2,999,000
Conventional
Property
Bedroom
3
Bathroom
6
Property Type
Conventional
Square ft
6093
Property Description
INCREDIBLE OPPORTUNITY NEW PRICE PLUS OWNER FINANCING!! Extraordinary Coastal Waterfront Estate with panoramic views of the Shallotte River & Intracoastal Waterway is perfectly situated on a high bluff to maximize all the incredible views. This Luxurious residence sits on 3.11 acres with 320'+ of River Front. The direct water access is a boater's dream. Private & secluded with a gated entry & fully fenced in perimeter. Entering the front gates, you are greeted with lush landscaping & your very own putting green off to the right. The circular drive brings you to the grand front entrance & oversized 3+ car garage. Through the front door is a jaw dropping grand 2 story entry with eye catching water views beyond the glass French door leading outside. The exquisite foyer chandelier sets the tone for all the luxurious architectural details you will find throughout this beautifully designed home. No detail was overlooked in the meticulously maintained property. The formal dining room is framed with decorative arches & features another magnificent crystal chandelier. Gorgeous Italian inspired chefs' kitchen with artisan custom cabinets. The charming breakfast area has doors leading to the outdoor lanai. This is a serene spot for enjoying your morning coffee & taking in more picturesque water views. The stunning grand living has a gorgeous wood burning fireplace, more custom cabinets, elaborate wood ceilings details, and a wet bar with stone countertops. An elegant powder room is conveniently tucked away around the corner. On the opposite side of the residence are 2 private ensuites with large walk-in closets. Head upstairs to the bonus room over the garage with a full bath & endless floored attic storage. First floor laundry has a deep utility sink. Ready for a swim? Meander down to the pool house. This incredible pool house has a kitchenette with countertop seating, living space, full bathroom, and plenty of additional storage. This beautifully designed outdoor area has covered outdoor dining, grilling area, fire pit area with built-in seating, and a magnificent waterfall feature running the length of the entire pool area. Cross the small bridge over the cascading waterfall to an amazing deck overlooking the water. The outdoor lanai is a fantastic area to unwind in the evening or entertain family & friends. This rare & captivating property has it ALL! Must see in person. Schedule your private tour today. Owner financing is available with 25% down 5% interest only for 5 years or 20% down and 4.5 % fixed for 30 years. Less than 8 miles from Holden Beach Island!
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
2005
MLS Number
100411865
Location
Address
3530 Van Buren Street SW
City
Supply
State
NC
Zip Code
28462
County
BRUNSWICK
Listing
Provider
PROACTIVE Real Estate, original listing
Name
PROACTIVE Real Estate
Phone
(910) 842-1616
Office Name
PROACTIVE Real Estate
Office Phone
(910) 842-1616
Agent Name
Michele Klock

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HUD Foreclosures

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.