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241 Laurens Street Sw
Aiken, SC 29801
$1,295,000
Conventional
Property
Bedroom
2
Bathroom
2
Property Type
Conventional
Square ft
2888
Property Description
Welcome to Aiken's most beloved address. Whenever you're asked, ''Where do you live?'', simply reply, ''Number 10'', and it's more than likely you'll be answered with, ''Oh, I love that house!'' A flagship of character, Number 10 has a deep history suffused with an unparalleled local affection that has been born out of nearly two centuries of art, literature, leadership, Southern comfort and gentility. Enter and be welcomed by the warmth of the original heart pine floors, twelve foot ceilings, seven fireplaces, hints of original plaster, a cathedral ceilinged kitchen with rough timbers and the added charm of a cozy loft. There are large and elegant rooms for entertaining as well as private hideaways out of the public view. The Grandest feature is the study, which was also James LeGare's workshop, where he wrote poetry acclaimed by Longfellow, painted his masterpieces, and invented his patented ''plastic cotton'', used in furniture and objects d'art. A prime example of this is the fireplace surround in the study. He also painted three murals, still on the walls. The 18 inch solid pine panels are a stimulating sight in daylight and soothing in evening candlelight with a friend and a glass. Zoned commercial/residential and with over forty nearby parking spaces, your possible uses are limited only by imagination. The back room once housed a commercial kitchen when the home was the famous ''10 Downing Street'' restaurant, a source of thousands of happy memories. There is also a handicap ramp, a full ceiling sprinkler system and a whole house sound system. The current owners, Rob and Lynda Bloch had opened the property as an event center, but due to Lynda's rapidly debilitating and fatal illness their plans were shelved. The parlor chandelier has four tiers of Turkish hand-painted porcelain and lamps, illuminating the room with grandeur. Pass through the massive pocket doors to the dining room and you will find a magnificent three-tier glass chandelier from Murano, Italy. Bronze chandeliers and sconces charm with spacious living room with masterful style. Privacy fencing, a butler's pantry, a utility/mud room, five porches, a spacious wine cellar round out the main home. Then, come see the Carriage House, which is possibly older than the main house. With two fireplaces, heart pine floors and furnished with elegant antiques, equestrian paintings and prints, it can be your guest house. Morning coffee on the brick-walled rear terrace, lush with roses and azaleas, is a pleasant start to a day. It is currently leased as two apartments, grossing $3,000 per month. So, come. Create your new tradition here at #10. You need not travel to the exotic reaches of the world to experience Old World charm, craftsmanship and a sense of place. It's just a two minute walk from downtown!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1835
MLS Number
211124
Location
Address
241 Laurens Street SW
City
Aiken
State
SC
Zip Code
29801
County
AIKEN
Listing
Provider
Meybohm Real Estate, original listing
Name
Meybohm Real Estate
Phone
(803) 646-5144
Office Name
Meybohm Real Estate - Aiken
Office Phone
(803) 648-7653
Agent Name
Gail P. Toole

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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.

Free Foreclosure Listings

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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.