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131 Smith Point Road
Townville, SC 29689
Cliff Powell with POWELL REAL ESTATE, original listing - (864) 638-5879
$409,000
Conventional
Property
Bedroom
3
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
--
Property Description
Set on 22.81 acres of picturesque, unrestricted land in Townville, South Carolina, this property offers a rare blend of natural beauty and potential with a large 19th century farm house located in the center. The gently rolling terrain includes a mix of woods and open pasture, featuring a front field and a back field connected by an easy, scenic walk. A small creek and natural spring enhance the property’s charm, while mature pecan, oak, and poplar trees provide shade and character. Raised garden beds are also situated on the land, perfect for those with a green thumb. A large outbuilding adds versatility, offering ample storage or workspace for farming, hobbies, or projects. Plenty of additional building sites, and even an extra natural gas connection offers opportunity for future development or even the creation of a family compound. At the center of the property sits a 19th-century farmhouse with three bedrooms and three-and-a-half baths. While the home is in need of some updates, it was thoughtfully remodeled and expanded in 2002 to blend historic character with modern comforts. Inside, you’ll find hardwood floors, stunning trim work, coffered ceilings, and a spacious living-dining combination centered around a cozy fireplace. The kitchen boasts a Viking range, natural gas connection, and a large island, ideal for cooking and entertaining. Additional features include a dedicated laundry room, large front porch, spacious master suite, and an office that could easily serve as a fourth bedroom. This home is being sold as-is, offering the opportunity to customize and update to your liking. Conveniently located between Anderson and Seneca, with easy access to I-85 and Lake Hartwell, this property is ideal for a mini-farm, development, or a forever home. With its unmatched potential and stunning natural setting, this is a property you don’t want to miss.
Property Information
Lot Size
22 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
--
MLS Number
--
Location
Address
131 Smith Point Road
City
Townville
State
SC
Zip Code
29689
County
ANDERSON
Listing
Name
Phone
(864) 985-2353
Office Name
Office Phone
(864) 638-5879
Agent Name
Cliff Powell
Agency Phone
(864) 638-5879

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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.