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372 Abercrombie Pt
Greenwood, SC 29649
$1,150,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
--
Property Description
Live the lake life on Lake Greenwood! This stately home is situated in The Retreat Community on a 1.01-acre lakefront lot offering gorgeous lake views from almost every room. The exquisite open floor plan offers soaring ceilings and hardwood floors throughout the public areas. The living room features a fireplace with built-ins on both sides and a soaring vaulted ceiling with a wall of windows along the lakeside providing lots of natural light. The formal dining room is perfect for creating holiday traditions and is open to the living and kitchen area. The designer kitchen features beautiful custom cabinets, granite countertops with a custom tile backsplash, and stainless steel high-end appliances including a gas cook-top/oven range, microwave, and dishwasher. The wrap-around island with an eat-in bar makes entertaining easy. You can have your morning coffee or breakfast with the whole family in the lakeside breakfast room while enjoying the spectacular views just outside your window. Outside is a cozy screened porch with ceiling fans to keep you cool on a hot summer's day and an open-air deck for grilling and dining. The main level owner's suite showcases a stunning tray ceiling, a cozy fireplace, and provides access to the lakeside deck. It is the perfect place to unwind after a long day. The spa-like bath features tile floors, a bathtub, a double vanity with his and her sinks, a spacious walk-in closet, and a tile stand-up shower surrounded by glass. This home offers a bonus room upstairs, 2 more full bathrooms, and 3 additional bedrooms on the lower level for family or guests. The lower level is a lakeside dream with a huge open family room with a bar and provides easy access to the patio. This open room provides a grand space for family gatherings. Open the lakeside doors leading to the patio and your inside becomes outside in one continuous space. You can entertain without interruption and your views become show-stopping vistas. The level walkout to the waterside presents lush grass and professionally landscaped grounds. This magical dreamscape lays claim to 106 ft of waterfront protected by a sturdy keystone retaining wall. A covered boat lift is a great addition to keep your boat protected from the elements. New roof added October 2023. This home is sure to please any homeowner's needs. Nestled on a wide deep cove in The Retreat. This desirable location offers an ideal homesite giving you protection from wind and waves yet you still have great long-range views and great water. Conveniently located in the heart of Lake Greenwood and just minutes from town, shopping, dining, schools, and healthcare facilities. Hardwood trees and hiking trails are found in abundance at The Retreat, an intimate gated enclave with 62 large homesites surrounded by nature and water. Waterfront homesites average around 1 acre and oversized wooded interior properties average between 1 and 2 acres so you have more room between neighbors. The Retreat is a sister community of Grand Harbor. Grand Harbor amenities include The Patriot Golf Club, an 18 Hole Davis Love III Signature Design Golf Course that was named Best New Course in 2005 by South Carolina Magazine, the Golf Clubhouse with Bar & Grille & Lounge, Full Service Pro Shop, Locker Rooms, Fitness Complex, Soft Clay Tennis Courts, a community Marina for storing your boat in the water year-round, a lakefront Aquatic Center, which features outdoor dining, an open-air Cabana Bar & Grill and a 5,000 square-foot pool with lap lanes, a children's pool, and a white sandy beach area. Come see for yourself - don't just dream about it - make it a reality today!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2008
MLS Number
126216
Location
Address
372 Abercrombie Pt
City
Greenwood
State
SC
Zip Code
29649
County
GREENWOOD
Listing
Provider
Wiley Real Estate LLC, original listing
Name
Wiley Real Estate LLC
Phone
(864) 993-8153
Office Name
Wiley Real Estate LLC
Office Phone
(864) 993-8153
Agent Name
Tonya Wiley

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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.

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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.