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1814 Bloomsbury Road
Greenville, NC 27858
$629,900
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
4186
Property Description
Move in ready, spacious and centrally located home in Brook Valley. Brook Valley is a prestigious community featuring mature trees, sidewalks, proximity to golf and pool and is one of Greenville's most sought after neighborhoods. This home features mature landscaping outside along with ample off street parking and a full size 2 car garage. As you step in, the large gracious two story foyer leads you into the home where you will find a large formal dining room, large study and a living area featuring built in book cases and cabinetry and a gas fireplace. Plantation shutters throughout most of the house as well. Hardwood floors are throughout the downstairs living space. A built in bar nook is located between the kitchen and dining room to allow for easy entertaining. The recently updated eat in kitchen featuring tile floors, granite countertops and tile back splash include updated fixtures and cabinet hardware with an electric smooth top cooktop and built in microwave, stainless wall oven, refrigerator and dishwasher. Adjacent to the kitchen you will find a large mud room with access to the large laundry room with sink, walk in pantry and one half bath with access to the driveway entrance. There is a second one half bath off the foyer. The primary bedroom on the first level features tons of natural light and access to the back porch and new carpet. The primary bath features updated fixtures, a soaking tub, walk in tile shower and large walk in closet. Upstairs, there are three large bedrooms all with new carpet, one with its own private full bath. The other two bedrooms share a bathroom each with its own vanity. A large bonus space upstairs features LVP flooring and has tons of book case and cabinet storage and ample room to make it anything you need, playroom, media room or private office. Outside, enjoy the fenced in yard and covered back porch.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2000
MLS Number
100443390
Location
Address
1814 Bloomsbury Road
City
Greenville
State
NC
Zip Code
27858
County
PITT
Listing
Provider
ENC Pirate Realty, original listing
Name
ENC Pirate Realty
Phone
(252) 378-2313
Office Name
Allen Tate - ENC Pirate Realty
Office Phone
(252) 378-2313
Agent Name
KRISTY CONWAY

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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.