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311 S Broad Street
Clinton, SC 29325
$899,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
--
Property Description
The Bailey-Vance Home & Garden is one of the most grand, historic properties in Upstate South Carolina. A true Queen Anne Style Victorian Home built in 1892 and impeccably maintained, it has 2.5 floors with high ceilings and set on a expansive corner lot a few blocks from the beautiful campus of Presbyterian College and ‘on the grow’ downtown Clinton, South Carolina. This National Register property has 2.6 well manicured acres of lawn and garden, intact mahogany woodwork, stained glass, inlaid wood floors with an ornate border and overall incredible workmanship and attention to detail. On the grounds of the property you will find a real ‘doll’ house, gazebo, an amazing fountain pond, 3 car garage (with 2-1950’s bathrooms) and a 1950’s authentic fallout shelter. The historic main home is 7,400+ square feet, 5 bedrooms, 5.5 baths and a total of 15 rooms with an attic space equalling 1400+ sq.ft which includes a massive cedar storage closet. The flow of the first floor is an entertainers dream! The oversized foyer with a beautiful staircase is large enough to accommodate a grand piano to great your guests. Across from the foyer you will find the parlor and library. Both with large windows and coal resembling fireplaces that take you back to the period in which this house was built. Both rooms are large and grand with 12 foot ceilings and beautiful lighting. The mahogany library walls are warm, inviting and lead into the 5th bedroom which is great for guest or the owner's first floor bedroom. You will find the kitchen in the back of the home connected to the large family den that is more for comfortable and causal living. The kitchen was updated in the 1992 with a massive island with seating, custom cabinets, 2 large refrigerators, 2 ovens, great lighting and a large window that looks over your manicured rose garden. A laundry room with a sink, very large mudroom and a full bath with a shower finish out the kitchen area of the home. A butlers pantry and wet bar are convent to the dining room and kitchen for ease of entertaining or catering. The massive dining room is lined with mahogany wainscoting that is perfection and complements the mahogany framed fireplace that anchors the room. The dining room has a secret door that tells a story, see if you can find it. As you walk through the dining room you will find a breakfast room that is 3 walls of windows for a perfect view of the garden. After your morning coffee or afternoon tea, you can enter the sunroom which is the original veranda, now enclosed. The bright space is heated and cooled with a special humidifier for plants, especially orchids. A door on the far end of the veranda leads back out to the foyer for smooth entertaining guest flow. To get to the 2nd floor you can choose 1of 3 access points: the gorgeous front staircase, the practical back staircase or the elevator that can be accessed from all 4 levels, including the attic. On the second level you will find 4 bedrooms and 3 full baths that are in amazing shape with hardwood floors under the carpet. The primary bedroom has an incredible mahogany dressing room/closet, with the the original step stool for reaching the taller cabinets and the primary bath has separate sink and toilet spaces. The most beautiful spot in the house is the sleeping porch off the primary bedroom. Another feature of the primary bedroom is the sleeping porch. This space matches the footprint of the breakfast room below and has beautiful natural light and offers overhead views of the garden Stairs or the elevator move you to the attic space-1400 sq. feet of unlocked potential or ample amounts of storage. This National Register home has it all: impressive history and updates that make it move in ready. Don’t miss the chance to take this impressive and important property into the next phase of it’s wonderful life.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
1892
MLS Number
1517972
Location
Address
311 S Broad Street
City
Clinton
State
SC
Zip Code
29325
County
LAURENS
Listing
Provider
BHHS C. Dan Joyner, REALTORS, original listing
Name
BHHS C. Dan Joyner, REALTORS
Phone
(864) 242-6650
Office Name
BHHS C Dan Joyner - Midtown
Office Phone
(864) 242-6650
Agent Name
Susan Tallman

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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.