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3800 Nc 107 N
Glenville, NC 28736
$6,985,000
Conventional
Property
Bedroom
5
Bathroom
7
Property Type
Conventional
Square ft
--
Property Description
Chosen as the 2018 Cashiers Designer Showhouse, “Fox Tail” offers unparalleled prospects! This aesthetically pleasing 41+/- acre unrestricted/sub-dividable lakefront property with about 350 feet of gradual elevation changes is laced with logging trails through hardwoods and meadows and offers multiple vistas. Views include Lake Glenville, Yellow Mountain, and Goat Knob to the West and Glassy Rock to the Northeast. Abundant wildlife sightings include deer, turkey, whistle pigs, and an occasional black bear as well! Property includes a seasonal beach with two permitted multiple-boat docks. In addition to the lake/beach frontage, the water features on the property include a pond, a creek, and multiple springs. The prime location of this property, on the East side of Lake Glenville, provides the preferred views for spectacular sunsets. Located only three miles from the Cashiers Crossroads, the property offers easy year-round access with its scenic paved driveway directly off NC Highway 107. Two main houses (furnished with minor exceptions), plus historic farm buildings, underground utilities, and an auto-transfer backup generator. The residence soothes the senses with its artistic interpretation of an old-style European Home and proximate Carriage House. Overlooking Lake Glenville at a temperate 3,800 ft of elevation, and completed in 2002, key features include 5 total bedrooms, 4 full and 3 half baths; 14 foot vaulted and arched ceilings; 4 fireplaces, 4 heat/AC zones, 3 underfloor heat zones; inlaid marble floors, retro thick plastered walls, period lighting; master suite with fireplace (overlooks lake), gourmet kitchen (overlooks lake), large living room/orangerie (overlooks croquet court & lake), second-floor library/media room (overlooks lake), large outdoor loggia and patio with fireplace (overlooks lake). The Carriage house accommodates several vehicles/equipment and a large multi-use heated workshop, all beneath the beautifully renovated second-floor Apartment.
Property Information
Lot Size
41 acre(s) square ft
Property Type
Residential
Year Built
2001
MLS Number
104199
Location
Address
3800 NC 107 N
City
Glenville
State
NC
Zip Code
28736
County
JACKSON
Listing
Provider
Trillium Land & Realty Company, LLC, original listing
Name
Trillium Land & Realty Company, LLC
Phone
(828) 507-1227
Office Name
Trillium Land & Realty Company, LLC
Office Phone
(828) 507-1227
Agent Name
Brenda Beye

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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.