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822 Poplar Springs Road
Westminster, SC 29693
Pat McNamara with Joan Herlong Sotheby's Int'l, original listing - (864) 238-5111
$10,000,693
Conventional
Property
Bedroom
8
Bathroom
Full: 8, ½: 3
Property Type
Conventional
Square ft
--
Property Description
Call Pat McNamara @ 864-270-8726 for a tour or additional information regarding this 172-acre Country and Equestrian Estate, nestled in the foothills of Upstate South Carolina. A legacy property, this extraordinary property provides the perfect canvas within the base of the Blue Ridge Mountains to create your legacy. With complete privacy, the 16,000 +/- sf main house, including a self-sufficient in-law apartment, boasts 8 bedrooms, 8 full baths and 3 half baths, a chef’s kitchen, multiple sprawling entertaining areas on the main level, a billiards and movie room on the lower level, a fitness facility, 6-person sauna, and much more. The in-law apartment can be accessed externally by a separate staircase or internally via a staircase or the 3-story elevator. The outdoor kitchen with a large patio and pool overlooks a stocked and peaceful 3.5-acre pond. For both serious equestrians and relaxed riding, a little over 100 yards away is a world-class horse barn with 11 stalls, a misting system, an air-conditioned office and tack room, a laundry room, and a bathroom. On the second floor of the barn is a caretaker’s apartment complete with a full kitchen. This is all surrounded by approximately 110 acres of gorgeous pastures framed by a 4-board fence plus acres of woodlands and approximately 1.25 miles of frontage on Coneross Creek. Tucked away and private, yet access to this property is a breeze. 2 hours from Atlanta, GA, 2 hours from Charlotte, NC, 1.5 hours from Asheville, NC, and 1 hour from Greenville, SC. Clemson, SC is 20 minutes, while charming Seneca, SC main street, shopping, and dining are less than 10 minutes. Oconee County Airport, complete with a 5000’ runway, is only 20 minutes door to door. 10 minutes to 1-85, providing easy access to major Southern cities. Multiple activities are at your back door – providing the ultimate in relaxed, outdoor southern living. Access to one of South Carolina’s best lakes, Lake Keowee is only 15 minutes. Here you can boat, fish or enjoy paddle sports. Additionally, there are numerous areas in which to hike and enjoy the beautiful mountains of SC, GA, and NC within 1 hour. Enjoy South Carolina’s mild winters, long fall and spring seasons, and warm (but not too hot) temperatures in the summer months. Breathe in the fresh air, take in the mountain views, experience unspoiled nature, and embrace all life has for you and your loved ones at this spectacular farm.
Property Information
Lot Size
172 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2003
MLS Number
--
Location
Address
822 Poplar Springs Road
City
Westminster
State
SC
Zip Code
29693
County
OCONEE
Listing
Name
Phone
(864) 238-5111
Office Name
Office Phone
(864) 238-5111
Agent Name
Pat McNamara
Agency Phone
(864) 238-5111

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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.