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218 Bull Bay Drive
Harrells, NC 28444
Pamela Lineberry with Coastal Properties, original listing - (910) 256-8171
$699,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
3651 Square Feet
Property Description
Are you looking for the quiet serenity of the outdoors while still living in an active community? Look no further! Bay Tree Lakes is a stunning, water-front, gated community located in Bladen County with breath-taking views of sunrises and sunsets along the lakes and canals, and local wildlife to enjoy throughout the day. This home is a custom brick home with amazing opportunities for hosting in one of the two family rooms with beautiful hardwood floors. With two gas fireplaces you could be enjoying watching the game in one room while cozying up with a good book in the other! This home also boasts a lovely formal dining room and a kitchen with custom cabinets, an island, pantry, and an eat-in breakfast bar. The spacious primary suite on the main level offers a sitting area with water views of the canal, dual vanities, walk-in shower and two large walk-in closets. Another bedroom and private bath are available on the main level. Following up the lovely staircase you will find two additional rooms, currently used as bedrooms but could certainly be used as a home office or a playroom away from the main living space. Once you step outside in the meticulously landscaped backyard, you will want to spend your days soaking up all of the serenity this home has to offer. A stunning view overlooking the canal, a covered back porch, an open patio, and even a covered sitting area over the water in the canal, all for your personal enjoyment. Aside from your personal haven, the neighborhood offers many amenities including a clubhouse, pier over the main lake, inviting white sandy beach near the clubhouse for access for swimming in the lake, two (2) boat ramps, a very well maintained inground pool, playground, tennis/pickleball court, and miles of sidewalks and natural greenspace for walks or bike rides. You really must see it to believe all that this home has to offer - call today and schedule your private showing.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2008
MLS Number
--
Location
Address
218 Bull Bay Drive
City
Harrells
State
NC
Zip Code
28444
County
SAMPSON
Listing
Name
Phone
(910) 256-8171
Office Name
Office Phone
(910) 256-8171
Agent Name
Pamela Lineberry
Agency Phone
(910) 256-8171

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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.