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304 War Admiral Drive
Havelock, NC 28532
CHRIS MACHLE with TIDEWATER REAL ESTATE, INC, original listing - (252) 249-9800
$345,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
1800 Square Feet
Property Description
Welcome home to this gorgeous, immaculate residence in desirable White Horse Run at Cherry Branch! A 3-bedroom dream located on a gently sloped lot which lives like its practically new! Perfectly designed for any couple or family with a split floorplan and a large multi-purpose bonus room above the garage, you'll be delighted with its quality and flexible livability! As you enter the home through the 6' x 29'6'' covered porch, you'll know you are somewhere special. The airy openness of the vaulted living room lends a wonderful sense of space and elegance. You'll see some of the recent upgrades immediately... New LVP flooring, fresh paint and hearth w/a contemporary electric fireplace, which adds a cozy ambiance to the open feel! Through the double french doors, a huge (12' x 31') private back porch/patio awaits! It's a great, concreted & covered area, ideal for sitting, grilling and enjoying your fully-fenced backyard in any weather!! Back indoors you'll appreciate the two well-proportioned bedrooms (w/brand new carpet & paint) with an upgraded tiled bath which completes the guest wing. Across the living and open dining areas, the space seamlessly transitions to a fantastic gourmet's kitchen!! This space is awesome... Extensive & unique concrete counters, large eat-in island, upgraded cabinetry & a full complement of appliances will surely be the center of activity. The laundry room (w/shelves & cabinets) adjoins, as does a large pantry and access to the private owner's suite. It features a huge closet, sunny bathroom w/ whirlpool and separate shower. The large bonus room shares the upgrades is a perfect room for hobbies or a private escape. This home must be seen to be appreciate, as it has been lovingly maintained and enhanced by the current owners! There's a pool/clubhouse around the corner, & beach access and equestrian facility nearby! A great value that offers it all!! New heat pump! New garage door! Come home to this, your new Eastern NC homeplace!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2003
MLS Number
--
Location
Address
304 War Admiral Drive
City
Havelock
State
NC
Zip Code
28532
County
CRAVEN
Listing
Name
Phone
(252) 249-9800
Office Name
Office Phone
(252) 249-9800
Agent Name
CHRIS MACHLE
Agency Phone
(252) 249-9800

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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.