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141 Watson Gap Road
Boone, NC 28607
$1,525,000
Conventional
Property
Bedroom
3
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
2386 Square Feet
Property Description
141 Watson Gap is located in the highly desirable section of Watson Gap Village within the Blue Ridge Mountain Club. Situated near the North Gate of BRMC and just a short walk from community amenities, this stunning one-level home presents an excellent opportunity for short-term rental investment, full-time residency, or a mountain getaway. The property boasts a proven rental history and is currently managed by the sellers. Fully furnished (with a few exceptions), this home features three bedrooms, three and a half baths, and a detached garage that has been converted into a game room, complete with a cozy "captain's corner" that provides additional sleeping space. Upon entering, you'll be welcomed by vaulted ceilings and an open floor plan. The Great Room, which features high ceilings and a stone fireplace, seamlessly connects to the kitchen. On the main floor, you will also find a laundry room, a powder room, a spacious deck with vaulted ceilings, and a primary bedroom with deck access. As you venture to the lower level, you'll discover a second living room with another stone fireplace, a second primary suite, an additional bedroom and full bath, a wet bar, and the Captain's quarters. Step out onto the lower deck, where you can unwind with a glass of wine in the hot tub or simply enjoy the refreshing mountain air. This beautifully furnished, turn-key home allows you to enjoy the state-of-the-art Ascent Wellness and Fitness Center, indulge in dining at Lookout Grill and Jasper House, or visit Watson Gap Park, which features pickleball courts, bocce ball, and horseshoes. The newly finished Meadows Village will boast a stunning mountainside pool and additional pickleball courts. For nature lovers, BRMC offers 50 miles of hiking and UTV trails, hidden swimming holes, and pristine mountain streams, trout fishing, and Chetola Sporting Reserve—all waiting to be explored within its vast 6,000-acre backyard.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2011
MLS Number
--
Location
Address
141 Watson Gap Road
City
Boone
State
NC
Zip Code
28607
County
WATAUGA
Listing
Name
Phone
(704) 320-5733
Office Name
Office Phone
(828) 295-0700
Agent Name
Justus Efird
Agency Phone
(828) 295-0700

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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.