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75 Big Mouth Cove
Iva, SC 29655
$849,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
--
Property Description
MILLION DOLLAR VIEW ON LAKE SECESSION - WOW is what you will say when you look out the windows at the large, open, big water on the hidden gem, Lake Secession. Located in the best area on the lake, you can see all the way to the dam. This custom home was built in 2022 & 1st occupied in 2023. This 4 bedroom 2 1/2 bathroom home has all you need for lakefront living. Drive into the concrete driveway & when you enter the home, you are immediately drawn to the incredible lake view. This gorgeous home was built on a slab & has no steps to enter the home which makes it perfect for someone planning to age in place. From the foyer with half bathroom you walk into the great room & it is GREAT! The cathedral ceiling is very impressive & there is a wonderful fireplace that extends all the way up to the ceiling. The open concept kitchen is a cook's delight. Quartz countertops, custom cabinetry, stainless steel appliances, large pantry plus a convenient island with breakfast bar. The lakefront dining room has one of the best views in the home & is great for entertaining family & friends. With lakefront on 2 sides of the home, there is a great covered porch off the living room & a large, screened porch off the kitchen which has been wired & constructed for a hot tub for cold winter nights. These porches make outdoor dining & entertaining great. Plus, you can see beautiful sunrises & sunsets from either porch. The master suite has a large, walk-in closet & beautiful master bathroom with double vanities, curbless shower, water closet & garden tub. The laundry room is near the master bedroom, conveniently located. As you walk up the hardwood stairs, you find 3 large bedrooms, all with walk-in closets & an expansive guest bathroom. Plantation shutters have been recently installed in most windows. You will be amazed at the condition of this home, it is immaculate and truly seems brand new. On almost an acre of unrestricted land, there is plenty of space for enjoying lake life. There is an in-ground lake-fed sprinkler system that keeps the landscaped yard looking fabulous. A new storage building in 2023 for keeping all the yard & lake equipment. Gorgeous, stacked stone was added to all the underpinning & retaining wall plus Charleston lattice under the screened porch. Another WOW is the 2023 new covered dock with 2 boat lifts, electricity & water. There is a bench attached to the dock so you can sit in the water plus a wonderful ladder to come up after a refreshing swim. The Starr-Iva Water & Sewer is installing water lines that you can use if you choose to. Lake Secession is a 7 mile long, 1450 acre lake in Abbeville & Anderson counties & has become a destination for vacationers & fulltime residents alike. On this lake you own all the way to the water, no horsepower restrictions & the fishing is great. Large-mouth bass, crappie, bream & catfish. High speed fiber optic internet is available so you can work from home & feel like you're on vacation EVERY day. Only 2 1/2 hours from Atlanta & Charlotte, weekend trips are a breeze. This could be the perfect lake home for you & your family. Call today to schedule your private showing.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2022
MLS Number
130149
Location
Address
75 Big Mouth Cove
City
Iva
State
SC
Zip Code
29655
County
ANDERSON
Listing
Provider
Keller Williams Greenwood, original listing
Name
Keller Williams Greenwood
Phone
(864) 314-0573
Office Name
Keller Williams Greenwood
Office Phone
(864) 229-6922
Agent Name
Lynn Blanton

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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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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.