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102 S Johnson Street
Walhalla, SC 29691
Kenneth Poston with Keller Williams Seneca, original listing - (864) 482-2700
$299,900
Conventional
Property
Bedroom
--
Bathroom
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Property Type
Conventional
Square ft
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Property Description
THIS UPTOWN WALHALLA HOME is ideal for anyone considering downsizing without compromising quality or comfort. The thoughtful design and high end renovations allow for a manageable living space for a minimalist lifestyle. The high-quality building materials and noticeable craftsmanship take this home to a new level! INTERIOR - The interior has been completely renovated and includes new insulation, PEX plumbing with a 40 gallon hot water heater, tongue and groove 50 year subfloors overlaid with 3/4” hardwood oak floors throughout. The solid 3/4” V-board pine walls are freshly painted and interior walls were also insulated to buffer sound throughout the house. Doors were replaced with pine solid core doors. The bathrooms were completely renovated with new tub, sliding glass doors, toilet and vintage look vanity. The completely remodeled kitchen is perfectly laid out to maximize space and is open to the rest of the living room allowing for socializing and entertaining. The new appliances, live edge acacia wood countertops, trendy cabinets painted dark Atlantic Blue and open shelving made from live edge acacia wood make this kitchen warm and welcoming. The metal ceilings add a unique industrial feel reflecting light and creating a sense of space. EXTERIOR - Exterior renovations include T-111 siding, new and structurally sound metal roof system and new vinyl windows and doors, all which contribute to energy efficiency and weatherproofing. Also, the expansive wrap around decks are a fantastic addition for enjoying the outdoors and expanding the living space. Insulation in the crawl space was replaced with spray foam insulation making the floors airtight and comfortable. The choice of underpinning with a combination of stone and metal gives a sturdy, grounded appearance that blends well with the surroundings. Zoned as Highway Commercial property in the downtown district of Walhalla, SC this home offers easy access to enjoy the historic town filled with its German heritage. Shops, restaurants and entertainment are walking distance from the house. Whether it’s hiking the Appalachian and Blue Ridge mountains, biking, fishing, navigating a river, or hiking to beautiful waterfalls, these nearby natural attractions are literally minutes up the road! These are all attractive features for an Airbnb or rental property. Moreover, the high end finishes and modern amenities in the home make it an incredible option on many retail platforms where guests often look for unique accommodations making this a lucrative investment opportunity. This home has recently been de-titled.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Commercial Sale-Other
Year Built
1977
MLS Number
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Location
Address
102 S Johnson Street
City
Walhalla
State
SC
Zip Code
29691
County
OCONEE
Listing
Name
Phone
(864) 482-2700
Office Name
Office Phone
(864) 482-2700
Agent Name
Kenneth Poston
Agency Phone
(864) 482-2700

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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.