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214 King Street
New Bern, NC 28560
$850,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3410
Property Description
Experience the perfect blend of historic charm and modern elegance at 214 King Street, in Historic Downtown New Bern. This meticulously maintained home boasts 4 bedrooms and 4 full bathrooms. The inviting brick steps lead to your covered front porch. Inside, step into a spacious foyer that unfolds into the rest of the home. The interior is adorned with wood floors, chair rail and crown molding, high ceilings, and Carolina shutters. The arched entryway leads you to the stairs of the home while the double pocket doors take you to your living area, with modern light fixtures, recessed lighting, and a cozy gas fireplace. The chef's kitchen is equipped with quartz countertops, white cabinetry, and matching stainless-steel appliances, including a double oven and a built-in gas cooktop on a large island where you will have enough space to cook and entertain guests. A gas fireplace surrounded by built-in shelving is the kitchen's focal point, offering warmth and additional storage space. A full bathroom with a custom walk-in shower is conveniently located on the first floor. Adjacent to the kitchen is your formal dining area where you will enjoy holiday gatherings around a warm fireplace. Upstairs, the primary suite is a haven of luxury with wood floors, a gas log fireplace, and an attached bathroom featuring a custom walk-in tile shower and a large walk-in closet. The additional bedrooms located on the second floor share the home's aesthetic and a full-sized bathroom. The full-sized bathroom and laundry room are on the second floor. The third-floor bonus suite offers a cozy retreat with a carpeted space, ceiling fan, reading nook, and a large full-sized bathroom. The secluded New Orleans-style brick courtyard is a true oasis, featuring a tier-patinated copper water fountain, lighted brick walls, custom-built bench seating, and pergola, and wrought iron gate and railings, offering a tranquil space for relaxation and entertainment.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1900
MLS Number
100429026
Location
Address
214 King Street
City
New Bern
State
NC
Zip Code
28560
County
CRAVEN
Listing
Provider
The Brokerage Real Estate Advisors, original listing
Name
The Brokerage Real Estate Advisors
Phone
(919) 428-1181
Office Name
The Brokerage Real Estate Advisors
Office Phone
(919) 428-1181
Agent Name
Sam Petrides

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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.