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105 Chicora Ct
Manteo, NC 27954
$1,279,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
3200
Property Description
Welcome home to this stunning 5 bedroom, 4.5 bath, like new custom build in North Manteo. Open floor plan with 14' soaring ceilings, hickory hardwood floors, custom fireplace with solid white oak mantle, all high end light fixtures and custom window treatments throughout. The culinary enthusiast will delight in the gourmet kitchen, equipped with top-of -the-line GE Cafe appliances, including a 6-burner gas cooktop, complemented by a custom tile backsplash and an expansive Quartz island. Ample storage awaits in the generous walk-in pantry, complete with an additional sink, wall oven, and built in microwave. Slide open the 16-foot doors to seamlessly merge indoor and outdoor spaces for delightful entertaining. Four bedrooms have en suite bathrooms with custom tile, custom vanities with Quartz countertops, glass shower doors, and luxurious body sprays in the master suite. Traverse the vast master walk-in closet to access the conveniently located laundry room, adorned with custom handmade tile and abundant storage. Upstairs includes a large bedroom with an en suite and the other includes a wet bar for entertaining. Situated on over a half an acre, the property features a fully fenced backyard, sizable storage shed, and Azek decking, ensuring durability and low maintenance. Take advantage of the amenities offered by the newly developed neighborhood of Croatan Woods, including sound access, a gazebo, and a community park. A 10,000 dollar credit awaits at closing, allowing you to put your final touches on the landscaping of your dream home. Don't miss the opportunity to call this impeccable residence yours.
Property Information
Lot Size
27,500 sqft square ft
Property Type
Residential
Year Built
--
MLS Number
125322
Location
Address
105 Chicora Ct
City
Manteo
State
NC
Zip Code
27954
County
DARE
Listing
Provider
Pirate's Cove Realty, original listing
Name
Pirate's Cove Realty
Phone
(252) 305-2951
Office Name
Pirates Cove Realty
Office Phone
(252) 473-6800
Agent Name
Laura Mascia

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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.