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57446 Nc Highway 12
Hatteras, NC 27943
Dan Johnson with Midgett Realty - Hatteras, original listing - (252) 986-6321
$425,000
Conventional
Property
Bedroom
2
Bathroom
Full: 2
Property Type
Conventional
Square ft
1272 Square Feet
Property Description
Perfection says it all at for the shell of it! Whether you are looking for an investment, (rental history can be shown at request) permanent residence or second home…you will enjoy spectacular sunrises while sitting on your deck with morning coffee. Or enjoy the sunrise curled up on your window seat in your primary bedroom. This tranquil location overlooks the canal going out to the sound. If you are a boating enthusiast you will love your boat slip. The back deck features “Built to last” deck furniture, and a great place to enjoy a good book or an evening after dinner drink. Owners have already begun the upgrades for you, these include: all new kitchen cabinets with soft close doors and drawers, under counter lighting, 2 yr old dishwasher, microwave and new tile floor in kitchen. Also 1 yr old is your full size frig and 5 burner stove with air fryer and convection oven. There is also a new hot water heater and new slider in living room. Both bedrooms have private baths in the primary suite you can lounge in your jetted tub after a long day fishing or enjoying the beach or community pool. The powder room was turned into an owner’s closet, this can easily be turned back to a powder room, mirror and light remain and pedestal sink is in storage bin under the building. Slash Creek is close by to world class fishing, restaurants and pristine beaches. Easy access 1st floor unit, with under building storage that has been split into 2 locked sections one for guests if you are renting and one for your personal items. Exclusions are: all entire pfaltzgraff dish set which includes cannisters & decorative bowls & coffee mugs, from primary bedroom suite, the picture over bed. Personal items excluded as well.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Condominium
Year Built
--
MLS Number
--
Location
Address
57446 NC Highway 12
City
Hatteras
State
NC
Zip Code
27943
County
DARE
Listing
Name
Phone
(252) 986-6321
Office Name
Office Phone
(252) 986-6321
Agent Name
Dan Johnson
Agency Phone
(252) 986-6321

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Howard Hanna Outer Banks Realty
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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.