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618 Lake Shore Drive
Goldsboro, NC 27534
$1,250,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
5717
Property Description
Livable luxury on Walnut Creek golf course. Spectacular view the 11th hole greets you from the elegant 2 story foyer with its beautiful curved staircase and the two story great room with its impressive Palladian window wall, to the left is the men's den with its large wet bar and half bath, there is also a primary ensuite with walk in closet off the foyer and large formal dining room . The kitchen too has a great view and boasts a Viking Range a pair of Bosch Dishwashers and a third built in oven, warming drawer and built in coffee bar, each sinks has a garbage disposal there is a wall in pantry work room with a build in desk, prep area and space for refrigerator and freezer. There is also a full bath between the kitchen and 3 car garage, and a large workshop area that would accommodate a golf cart and/or motorcycle and built-in work bench wall that includes sink. All 4 floors can be accessed by elevator (with backup battery), the garage level allows you to roll a wheelchair right in. The second floor primary suite boasts a spa like master bath that includes a separate walk or roll in shower, water closet, oversize vanity, lots of sun light . A ladies sitting room, reading room or office is off the master suite. There is also a vaulted ceiling media room. there is a large laundry room with a fridge and coffee bar space and a sewing alcove set up in this area. The cat walk above the great room/foyer accesses two more bedrooms that share a jack and jill bath. The elevator or stairs take you up to a full sized floored attic for storage or future planned expansion. The basement includes more storage space and there is also a safe room that was previously a wine cellar, converted by present owner, there is also a whole house dehumidifier. This estate- like property is beautifully landscaped and the formal patio and gazebo, romantic swing and beautiful view makes for great outdoor entertaining. Home was custom designed and built by Sam Sasser. Agent Remarks: Dual fuel HVAC systems that switches from heat pump to forced warm air depending on outside tempte
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1991
MLS Number
10003164
Location
Address
618 Lake Shore Drive
City
Goldsboro
State
NC
Zip Code
27534
County
WAYNE
Listing
Provider
BHHS McMillen & Associates Realty, original listing
Name
BHHS McMillen & Associates Realty
Phone
(919) 778-9500
Office Name
BHHS McMillen&Associates Realt
Office Phone
(919) 778-9500
Agent Name
Judith McMillen

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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.