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22 Lakecrest Drive
Greenville, SC 29609
$2,000,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
--
Property Description
Welcome to 22 Lakecrest Drive where you will find the most beautiful, mid century modern home in its absolute, pristine and purest form with the original “MCM” features STILL in place and purposely untouched, this is a One of a Kind!!!! This brilliant example of a mid-century modern architecture home sits on a true double lot on Stone Lake within minutes of downtown Greenville, South Carolina! You will love the features both inside and out with the architecture being heavily influenced by one of the greats, Frank Loyd Wright and some of his Midwest contemporaries as well… The grounds and gardens of this home are also second to none with incredible year-round blooms to include traditional Upstate SC native plants, such as Azaleas, Nandinas, Aucuba, but also many Asian inspired plantings, decorative trees and steppingstones as well. You will notice the horizontally dominant designs, such as the exterior stone stacks which also flow to within the interior walls. There are multiple exterior covered porches for dining and entertainment with incredible views of the lake as well. There are exterior custom stone walls, a gardeners dream greenhouse, detached storage shed, and so much more. As you enter the home you will immediately notice the open floor plan that is perfect for entertaining friends and family throughout the year with a large living room with built in bar and also a dining area. The living room has original Brazilian mahogany wall paneling‘s and vaulted mahogany ceilings and even mahogany built-in features! The billiards room is also amazing with a stacked stone wall gas-log fireplace and direct access to rear covered entertainment patio. The kitchen is open to the breakfast room and comes with features such as granite countertops, an art deco tiled backsplash, receives wonderful natural light from the classic jalousie windows, has stainless steel appliances, and so much more. Additionally, the bedroom wing is perfectly designed to encapsulate the left half of the home with the three guest bedrooms (all large in size) sharing a conveniently located full bathroom with double vanities. The master suite is large in size with ample closet space and a private bathroom with custom built-ins, a separate tub and a walk-in shower that is fully tiled with a custom glass door. Additional features this home has; board and batten exterior accents, bluestone walkways, a concrete driveway with additional parking pads, an attached two car garage with workshop and triple storage closets, copper gutters with waterfall rain-chain downspouts, a gravel roof, tons of storage throughout, and the list goes on and on!!! If you are an “MCM” enthusiast or simply admire one-of-a-kind architecture, look no further than this masterpiece on this large and level double lot in the downtown Greenville area, this “MCM” masterpiece can be yours today! Please provide Proof of Funds for showing.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1952
MLS Number
1520841
Location
Address
22 Lakecrest Drive
City
Greenville
State
SC
Zip Code
29609
County
GREENVILLE
Listing
Provider
Coldwell Banker Caine, original listing
Name
Coldwell Banker Caine
Phone
(864) 250-2800
Office Name
Coldwell Banker Caine/Williams
Office Phone
(864) 250-2850
Agent Name
Jacob Mann

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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.