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201 Rhett Drive
Mccormick, SC 29835
Anna Winstead with Savannah Lakes Realty, original listing - (770) 605-3082
$995,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
5253 Square Feet
Property Description
Pull into your private stone walled courtyard and immediately see the attention to detail in this 5 bedroom, 4 ½ bath home. The paved front porch invites you to sit and relax, while the brick exterior with wood columns and trim adds a sense of Southern hospitality and charm. Pass through the door and be captivated by the rustic appeal of hardwood floors, wood columns, spacious open floor plan, vaulted ceiling and natural light flooding in from two stories of windows. The sitting room to your left invites you to sit and stay a spell while the dining room to your right tells a tale of meals to come with family and friends. Before you, the floor to ceiling stone fireplace in the living room with its rich wood mantel draws your gaze up to the open area above and catwalk between two loft areas. Fine wood details are everywhere. You notice the immense, well lit, kitchen next to the living room, with its granite countertops on three sides, rich wood custom pot rack over a large center island that has a flat cooktop with pop-up vent. Two wall ovens, garbage disposal, new trash compactor, dishwasher, black stainless French door refrigerator/freezer and built in microwave are just what you need for feeding the entire family or guests. A small second sink facing the living room serves as a wet bar area. The pecan cabinets give a warm backdrop for your culinary creations. There are ample drawers and cabinets with pull-out shelves and a walk-in pantry is in a hall next to the fridge. From there you can also access a covered side porch, perfect for a grill, with steps to the yard, a large cabinet lined laundry with counter and utility sink and the 2 ½ car garage. At the other end of the kitchen, is a built-in desk that matches the cabinets/countertop and then, tucked behind the kitchen, is a large breakfast nook, opened to a wrap-around sunroom with lake views and access to both the rear deck that spans the back of the house, and the side porch. The deck is also accessed from the living room and primary bedroom. Two discreet doors in the living room lead to the private primary bedroom suite, where the sleeping area has built-in wood cabinets and shelving and a large floor to ceiling bay overlooking the back deck and lake. A hall with two walk-in closets leads to a tiled private bath with a beautiful stained-glass window, walk-in shower, jetted tub and dual granite vanity. The upper level is accessed by a stairwell just off the kitchen, with a landing overlooking the dining room. The stairs lead to an open sitting area with a view of the fireplace below and access to two bedrooms and a full bath. One bedroom offers a tray ceiling and an amazing view of the lake through a bay window. The second, oversized room with walk-in closet, spans over the entire garage with two window nooks and ample room for sleeping, sitting, playing and/or gaming. Across the catwalk are two more generous sized bedrooms joined by a Jack & Jill full bath, one also has a tray ceiling and bay window lake views. Back to the stairwell, you can descend to the lower level, where you'll find a hall from which you have access to three large, connected rooms, and a full bath. The three rooms have access to a massive covered back deck, with stairs to access the yard and upper deck. The rooms, designed as game room, office, and craft room, have built in cabinetry and workspaces offering endless options. In the Center Room is an upright piano. The full bath makes one of the rooms a great option as an additional bedroom or guest suite. The rest of the level is unfinished, with a large heated and cooled workshop and a storage room. Outside, a trail from the back yard leads to the water's edge and your own boat slip, and there are all the on-site amenities the Village has to offer - available gigabyte high speed fiber optic service, several eateries, golf, tennis, pickleball, pools, workout rooms, walking trails and so much more
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1996
MLS Number
--
Location
Address
201 RHETT Drive
City
McCormick
State
SC
Zip Code
29835
County
MC CORMICK
Listing
Name
Phone
(864) 378-4944
Office Name
Office Phone
(770) 605-3082
Agent Name
Anna Winstead
Agency Phone
(770) 605-3082

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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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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.