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605 Fernlawn Court
Travelers Rest, SC 29690
$1,500,000
Conventional
Property
Bedroom
4
Bathroom
6
Property Type
Conventional
Square ft
--
Property Description
Located in the prestigious Cliffs Valley development, just a stone's throw from Greenville and a leisurely drive to Asheville, 605 Fernlawn Court in Travelers Rest, SC, is a testament to luxury living. This exclusive estate is set on a serene 2.39-acre lot and spans over 6,500 square feet of elegance and sophistication. New Roof, New Skylights, New Gutters, 2 New HVAC units and Freshly Painted all within the last year. Assumable VA mortgage at 2.5% for VA qualified buyer. As you step inside, you're welcomed by the warmth of Brazilian hardwood floors and a grand foyer that leads to an open and versatile floor plan. The two-story great room, with its soaring windows and built-in cabinetry, is anchored by a gas fireplace, creating a space that's both grand and inviting. The dream kitchen is a chef's delight, featuring custom cabinetry, granite countertops, and coffered ceilings, seamlessly flowing into a cozy sitting room and a screened porch with a stacked stone fireplace. The master suite is a retreat unto itself, complete with a fireplace, sitting area, direct access to the rear deck, his and hers closets, and a luxurious bathroom with a stand-up travertine shower. A study with built-in cabinetry and a formal dining room add to the home's charm and functionality. Upstairs, two spacious guest rooms each offer full bathrooms and ample storage space. The lower level introduces a second kitchen area, ideal for a variety of living arrangements or high-capacity entertaining. This level also features a flex space perfect for a pool table, an additional living room, a large fourth bedroom, and a potential fifth bedroom or workout facility, each with their own full bath. The estate's storage solutions are abundant, with a 60x24+/- unfinished basement space and a four-bay garage. No detail was overlooked in the creation of this magnificent property, offering unparalleled value in today's luxury market. Cliffs enthusiasts rave about the amenities and desirable location at the Valley. The Cliffs Valley offers an exceptional parkland-style golf course, a 28,000 square feet clubhouse with panoramic views and a 15,000 square foot Wellness Center and Outdoor Fitness Complex. It's located a straight 30 minute drive to downtown Greenville and 40 minutes to Asheville. In between, residents enjoy the quint main street towns of Traveler's Rest, Flat Rock and Hendersonville 10 minutes in either direction. Valley is also centrally located amongst the Mountain and Lake Region Clubs. Cliffs Valley Membership is available for purchase and provides an exceptional value with access to all seven Cliffs Clubs. Experience the best of Southeastern living at 605 Fernlawn Court, where elegance meets comfort in a setting that's nothing short of spectacular.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
2003
MLS Number
1520561
Location
Address
605 Fernlawn Court
City
Travelers Rest
State
SC
Zip Code
29690
County
GREENVILLE
Listing
Provider
BlackStream International Real Estate, original listing
Name
BlackStream International Real Estate
Phone
(864) 553-1998
Office Name
Blackstream International RE
Office Phone
(864) 920-0303
Agent Name
Damian Hall

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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.