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140 River Woods Drive
Wallace, NC 28466
$1,070,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
6830
Property Description
Seller offering $20,000 allowance! Welcome to the prestigious gated community of River Landing, where elegance and sophistication meet tranquility and natural beauty. Nestled amidst the lush greenery and overlooking the sparkling waters, this exceptional 6-bedroom, 4.5-bathroom residence is a true gem. As you enter the grand foyer, you'll be immediately captivated by the exquisite craftsmanship and meticulous attention to detail that define this remarkable home. The expansive floor plan effortlessly combines spaciousness with an intimate ambiance, creating the perfect balance for both entertaining and everyday living. Indulge in the art of culinary mastery in the stunning kitchen, equipped with a larger-than-life kitchen island that provides ample space for meal prep and gathering with loved ones. The kitchen boasts a double oven, ensuring that no culinary masterpiece goes uncreated. The elegant cabinetry and top-of-the-line appliances elevate this space to new heights! Relaxation and entertainment abound in the generous living spaces, including two large bonus rooms that offer endless possibilities for a home theater, game room, or even a private gym. Picture yourself unwinding and savoring the picturesque water views on the expansive screened-in porch, a true haven of tranquility where you can escape the worries of the day and connect with nature. The owners' suite is a true retreat, featuring a beautifully appointed ensuite bathroom that exudes opulence. Luxuriate in the spa-like atmosphere, complete with a soaking tub, a separate walk-in shower, and elegant fixtures that add a touch of sophistication. This community also offers residents the privilege to gain access to a top 50 golf course, a haven for golf enthusiasts seeking the ultimate golfing experience. Immerse yourself in the meticulously maintained fairways, taking in the beauty of nature while perfecting your swing. Partial Seller Financing Available.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2004
MLS Number
100412135
Location
Address
140 River Woods Drive
City
Wallace
State
NC
Zip Code
28466
County
DUPLIN
Listing
Provider
Onecom Properties LLC, original listing
Name
Onecom Properties LLC
Phone
(919) 807-1366
Office Name
Onecom Properties LLC
Office Phone
(919) 807-1366
Agent Name
Nelson Cashwell

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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.