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509 High Hammock Drive
Seneca, SC 29672
Melanie Fink with Fink & Assoc - Allen Tate, original listing - (864) 888-3211
$1,595,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
--
Property Description
A dream family home on the shore of Lake Keowee! Welcome to low maintenance, waterfront living with vaulted ceilings and crown molding throughout. Bright sun-filled windows flood multiple living areas that allow family and friends to choose their view. There is a more formal living and dining at the entrance with a comfortable keeping room at the lakeside accented with a gas fireplace and built in cabinetry. Nature is just a turn of the knob away. There is a screened porch that leads to an open deck for outdoor living or enjoy the water views while relaxing in the hot tub. The kitchen is equipped with natural gas cooking, two dry pantry areas, ample counterspace and a cozy breakfast nook. Between the kitchen and dining area is a wet bar for ease in added entertaining. The main level offers three bedrooms, plus a home office, with two full and one-half baths. The primary suite features a large bedroom that boasts tall windows overlooking the deck and lake. The seating area offers access to the lakeside screened porch and deck with a bay window seating area when in need of a quiet space to unwind. The walk-in closet, cleverly hidden behind mirrored sliding doors, provides two sides for independent storage with style. The primary bath features a walk-in shower and large jetted tub. The terrace level is oversized with multiple use for a recreation, media and even added sleeping. Lined with windows along the lakeside, tall ceilings and easy access to the covered patio, there are even more opportunities for taking in the outdoors. Don’t miss the amount of unfinished storage and the dedicated workshop. The functionality of this home is truly surprising. Outside, a fire pit overlooking the lake sets the stage for nights by the water. Your private boat dock, with a lift in place, is just a short walk or golf cart ride through the fenced in yard with ease of a concrete cart path. Relax in the sun or the shade with multiple porches and patios throughout the property. Experience this value waterfront move to the south located within merely two minutes from marina fuel, launching, snacks and more. Fifteen minutes to it’s hometown of Seneca, twenty minutes to Clemson University and an approximate hour to Greenville SC.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2005
MLS Number
--
Location
Address
509 High Hammock Drive
City
Seneca
State
SC
Zip Code
29672
County
OCONEE
Listing
Name
Phone
(864) 940-5766
Office Name
Office Phone
(864) 888-3211
Agent Name
Melanie Fink
Agency Phone
(864) 888-3211

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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.