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76 Shoal Avenue
Hampstead, NC 28443
$865,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
3142 Square Feet
Property Description
Welcome to this magnificent custom-built gem, surrounded by breath-taking landscaping and nestled in an upscale waterfront community in the heart of the coastal town of Hampstead. You will be blown away with the craftsmanship and detailed trim work with each step. As you enter the grand foyer, you will immediately notice rich engineered hardwood floors installed throughout the entire main living area. On your right is an office with a coffered ceiling shielded by a lovely transom and French doors. A large and bright living room with built-ins and a coffered ceiling welcomes you and feels as though it was made for cozy evenings around a fireplace with a nice glass of wine, reading your favorite author, playing family games, conducting deep conversations or just watching movies. The open concept connects the living room with a gourmet kitchen. The kitchen offers custom built executive cabinetry with a soft closing system which provides a wealth of storage space, glistening quartz counter tops, a large working island with a farm sink, stainless-steel appliances including a gas range. This kitchen will please every chef and make any cooking experience much more enjoyable. A formal dining room awaits the new owners to host their holiday meals and overlooks a Four-Season Carolina Sunroom which can be accessed not only from the dining room but also from the living room. The Carolina Sunroom is fully insulated and air conditioned. This setting is an amazing setting for entertaining throughout the entire year. The private Master Suite features a trey ceiling, a double vanity with additional storage, an oversized custom-tiled walk-in shower, a linen closet and a walk-in closet with wooden shelves. Two spare bedrooms are located on the opposite side of the home and share a full bathroom and a linen closet. A large laundry room leads to a very spacious storage room where you can keep all your beach toys and golf equipment. A half bathroom, a linen closet and a coat closet complete the main level. Upstairs you can explore the 4th large bedroom with a full bathroom and a closet that can be used as second Master Suite, a Family entertainment room or a Man Cave. Just let your imagination run wild. Enjoy your afternoon cup of sweet tea on your patio while overlooking your backyard with gorgeous views of a pond and watching wildlife passing by - an abundance of birds, butterflies, owls, turtles, bunnies and opossums. Gentlemen, get ready - this Southern Charmer has an extended two car garage with durable epoxy floor and an extra golf cart garage space with its own third garage door. Looking for more fun and activities? Whether you decide to go and gather with your friends and neighbors at the Top-Notch Club House equipped with a chef kitchen and a club room or simply bask in the sun and swim in the community pool, or join some boating enthusiasts, this neighborhood caters to all your coastal desires, including a community boat storage. This is not just a typical community, but rather the retreat life. Line dancing every Monday, Trivia every other Wednesday, every Thursday evening men meet at the marina and gather around the fire pit and ladies enjoy their Bunco night, Mahjong every other Thursday, Food truck at the club house every Friday, Potluck dinner once a month, Parties at the club house for almost every holiday, Huge Super Bowl Party at the club house, join the Book Club, Paddle Boarding or Kayaking Club or even New Mother's Club. This property is Southern Living at its finest! The absolutely amazing location of this property is another attractive feature to consider. Situated along the sparkling Intracoastal Waterway, with a short commute to fabulous Kiwanis Park, highly rated schools, shopping, restaurants, many golf courses, ICW access, Topsail Island and Wrightsville beaches, and the city of Wilmington with a world class university, an international airport, a tremendously growing network of businesses, and a historic river district.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2022
MLS Number
--
Location
Address
76 Shoal Avenue
City
Hampstead
State
NC
Zip Code
28443
County
PENDER
Listing
Name
Phone
(910) 799-3435
Office Name
Office Phone
(910) 799-3435
Agent Name
Irena Kohler
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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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.