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174 Southern Magnolia Lane
Wallace, NC 28466
$719,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
4003
Property Description
Nestled in the gated golf community of River Landing, this Southern living gem rests at the end of a serene cul-de-sac, steps from a shaded community path. Meticulously designed with master craftsmanship, the residence showcases exquisite custom trim work, including crown molding, picture frame wainscoting, transom windows, and stunning hardwood floors. Designed for flexibility, the home features three main-floor bedrooms offering versatility as potential home offices, a formal dining and living area, a spacious kitchen, and an accessible laundry room. The second story houses two bedrooms, extra storage, a large bathroom, a bonus room, and a common den area with built-ins and a convenient wet bar. A welcoming large front porch introduces the foyer, revealing the formal dining room, a front office (bedroom), a private ensuite, a large closet, and a living room with a natural gas fireplace and additional built-in shelving for a touch of warmth. The sizable primary bedroom features a spacious walk-in closet with custom wood shelving, a linen closet, abundant natural light from several large windows, and access to the sunroom. The ensuite bath boasts double sinks, a jacuzzi tub, a walk-in tiled shower, and a water closet. All closets throughout the home have custom built-in wooden shelving, reflecting the meticulous detail and craftsmanship put into this residence. The kitchen is a culinary delight with a natural gas cooktop, built-in microwave, wall oven, stylish tile backsplash, pantry, and island seating, complemented by a cozy dinette and conversation area. French doors in the living room lead to the expansive Carolina sunroom, designed for year-round indoor/outdoor enjoyment. Fresh paint and new carpet highlight this impeccably maintained home, marked by its abundant, flexible space, prime location, and versatility. River Landing offers residents an array of amenities, and options for additional memberships.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2005
MLS Number
100421376
Location
Address
174 Southern Magnolia Lane
City
Wallace
State
NC
Zip Code
28466
County
DUPLIN
Listing
Provider
Red Realty Investors, LLC, original listing
Name
Red Realty Investors, LLC
Phone
(704) 309-7676
Office Name
Keller Williams Innovate-Wilmington
Office Phone
(910) 777-2200
Agent Name
Nancy Laslo

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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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.