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221 Greenville Avenue
Carolina Beach, NC 28428
Brad Jones Real Estate Group with Coldwell Banker Sea Coast Advantage-CB, original listing - (910) 799-3435
$1,275,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3
Property Type
Conventional
Square ft
2568 Square Feet
Property Description
One of the island's most accomplished builders, Center City Development, brings you this spectacular, 2,568 sq/ft, single family home of the highest standards. 221 Greenville Avenue is located in a unique, quiet area of Carolina Beach. Just 3 blocks from the lake, 3 blocks from CB Elementary and 3 short blocks from the ocean so you can leave your car keys behind. With a heated pool, 2 garage bays, and an ample backyard, this home is perfect for outdoor living. Entering through the garage, you will avoid the spring showers by utilizing the elevator or indoor stairwell. On the main floor is a 18'x18' family room, dining room and luxury kitchen with a proposed BERTAZZONI appliance package including a duel fuel range, French door refrigerator, vent hood, dishwasher, and more! Additionally, the expansive, screened in rear deck opens up to a sun deck, perfect for grilling or taking in the rays! The upper level of the home is comprised of a grand master suite/bath, 2 large guest bedrooms, laundry room, an additional full bath. The office space/sitting area can also function as a 4th bedroom. Some other features of this impressive structure include a metal roof, impact resistant doors and windows, Synthetic Fiberon decking, exterior shower, heated pool, solid core doors and LVP flooring! This beach home is the perfect launching pad for island living at its best! Photos are of a similar home
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2025
MLS Number
--
Location
Address
221 Greenville Avenue
City
Carolina Beach
State
NC
Zip Code
28428
County
NEW HANOVER
Listing
Name
Phone
(910) 799-3435
Office Name
Office Phone
(910) 799-3435
Agent Name
Brad Jones Real Estate Group
Agency Phone
(910) 799-3435

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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.