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403 Gatewood Drive
Greenwood, SC 29646
$450,000
Conventional
Property
Bedroom
5
Bathroom
3
Property Type
Conventional
Square ft
--
Property Description
THIS PROPERTY HAS A 24 HOUR FIRST RIGHT OF REFUSAL CONTINGENCY, SO ALL SHOWINGS AND OFFERS ARE MORE THAN HIGHLY ENCOURAGED AND WELCOMED! Here is IS! It's your beautiful two-story five bedroom, three bathroom home with two-car garage in lovely Gatewood subdivision! And it awaits YOU! Drive right into “storybook land” in this gorgeous and sought after subdivision of Gatewood! This stately brick move-in ready home situates itself on .77 acres right outside of the city limits and it is conveniently located on the sought after west side of town and is close to Self Regional Healthcare (one of the very best nationwide), downtown, and convenient to shopping. As enter the front door, walk right into the large living room with track lighting overhead. An oversized dining room is located at right adjacent to the foyer from the living room at left. The large den with gas fireplace is perfect for family gatherings. The den includes a wet bar and is open to the updated kitchen with large island and plenty of high quality top of the line countertops. There is one room downstairs that would make a great office or sunroom and opens to the new deck. The home has not one, but TWO stairwells to the upstairs! The upstairs consists of four very large bedrooms, one of which is the master, two bathrooms and a laundry area. The master boasts of a beautifully remodeled bathroom with separate extra large shower with an oversized rainhead, double sinks, and a luxuriously comfortable long soaking tub. The master walk-in closet is extra large and boasts of room for storage galore! The large newer deck out back is open from the den and overlooks the inviting backyard. This beautiful home has had many updates within the past two years. There is newer heating and air in 2023 and new carpet as of 2022. New wooden floors were installed in 2021 upstairs in the master bedroom and closet, hall, closet, laundry room, and fifth bedroom closet above the garage. The appliances are newer in the last two to three years. The seller has removed some trees in the backyard to open up the beautiful surrounding back scenery. Additionally, the house has all new paint throughout. Other updates include a new water purifier, new fixtures in the kitchen, dining room, study, and living room. The deck was replaced in 2023 and there's much more! It's the perfect home for large families who need space! Gatewood offers a private club, and swimming and tennis are available. There is a small lake with a dock within the subdivision where you can also fish. This gorgeous home has is all in what it is, where it is, what it has to offer, and with all the luxurious surroundings! This would make a great home for large families and there's plenty of room for entertaining family and friends. This well-appointed home in a most desirable location can be yours. IT'S THE MOST DESIRABLE AND BEAUTIFUL PLACE TO WANT TO LIVE And it CAN be yours! Call today for your personal viewing!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1989
MLS Number
130697
Location
Address
403 Gatewood Drive
City
Greenwood
State
SC
Zip Code
29646
County
GREENWOOD
Listing
Provider
RE/MAX Action Realty, original listing
Name
RE/MAX Action Realty
Phone
(864) 942-0021
Office Name
RE/MAX ACTION REALTY
Office Phone
(864) 942-0021
Agent Name
Bea Walker

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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.