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150 Deep Bay Drive
Newport, NC 28570
Lisa Harrison with Harrison Homes Real Estate Group, original listing - (252) 723-4959
$790,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
3044 Square Feet
Property Description
Welcome to 150 Deep Bay Dr. An elegant 3-br, 2 and a half bath, ( PLUS LARGE BONUS RM) single-family home located in the award-winning Croatan HS school district. Nestled on a spacious 0.97-acre lot, this beautifully maintained brick home, offers an impressive 3,044 sq ft. of living space, designed for modern comfort and entertaining. Upon entering the home, you are greeted by a welcoming foyer that opens into the expansive living room, where natural light flows through large windows and highlights the gorgeous hardwood floors, which you'll find throughout the home. The gas log fireplace makes a beautiful focal point, while custom built ins finish the opposite side of the room. The high ceilings give this space an added sense of grandeur, making the living area perfect for gatherings or simply relaxing. The gourmet kitchen features granite countertops, custom cabinetry, a tile backsplash, and stainless-steel appliances. A large island provides additional prep space and seating, ideal for casual dining or socializing with guests while preparing meals. You'll find the formal dining room is perfectly situated between the kitchen and the living room, and an additional dining space in the kitchen is perfect for enjoying meals and taking in views of the backyard through the large windows. The mudroom/laundry area help keep things tidy when entering from the garage or the backyard. The sunroom currently serves as a tranquil home office. The exposed brick accent wall provides another added touch of charm to the home. The first-floor principal suite is a private retreat! Offering a spacious bedroom with plenty of space for your King size bedroom set. The en-suite bathroom features dual vanities w/ granite countertops, a luxurious soaking tub, separate walk-in shower & a large walk-in closet, offering both comfort & convenience. Upstairs are two additional bedrooms, both with walk in closets, large bonus room, & full bath which are all generously sized
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1989
MLS Number
--
Location
Address
150 Deep Bay Drive
City
Newport
State
NC
Zip Code
28570
County
CARTERET
Listing
Provider
Harrison Homes Real Estate Group, original listing
Name
Phone
(252) 723-4959
Office Name
Office Phone
(252) 723-4959
Agent Name
Lisa Harrison
Agency Phone
(252) 723-4959

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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.