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6 Gibbes Ct.
Columbia, SC 29201
Caroline Donaldson with Peace Sotheby's Intl Realty PI, original listing - (843) 546-4176
$927,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
2905 Square Feet
Property Description
Introducing 6 Gibbes Court, a picturesque historical gem nestled in the desirable University Hill area of downtown Columbia. Originally built in 1911 as the Haltiwanger House, this charming residence not only exudes southern hospitality and elegance but also has the honor and distinction of being a member of the National Register of Historic Places, South Carolina Department of Archives. Enter the footstep of the home where you’re greeted by the sight of the Palmetto tree etched into the glass of the front door and the historical marker to the right of the front entrance which beckons discovery of what lies inside the home's historic walls. Two of the four levels serve as the primary living areas while the attic and basement levels offer immense storge and additional workspace. Once inside you will note the residence expertly fuses its rich historical detail and timeless character with three visibly spacious rooms - sitting room, formal living room and formal dining room - all of which present their own unique architectural details along with original hardwood floors, fireplaces and high ceilings. An adjacent chef’s kitchen, remodeled in 2012, offers modern luxuries with no stone left unturned. Surrounded by Calcutta Gold marble countertops, premium grade wood cabinets, Subzero and Marvel refrigeration, the highlight of the kitchen is the stunning CornuFé 44 Dual Fuel Range, crafted in France. Winding up the 3-tier staircase, note the extensive crown molding throughout the home as you enter the second level which offers 4 bedrooms accented by 10-foot ceilings and original hardwoods. Two bedrooms have their own private bath and there is an additional shared hallway bath adorned with a claw foot tub which embellishes the historical ambiance of this home. 6 Gibbes Court has been lovingly attended to ensuring its structure is maintained and preserved presenting a truly exceptional opportunity in a rarely available neighborhood. Spend just a few moments on this enchanting property and you'll find it difficult not to fall in love.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1911
MLS Number
--
Location
Address
6 Gibbes Ct.
City
Columbia
State
SC
Zip Code
29201
County
RICHLAND (EAST)
Listing
Name
Phone
(843) 546-4176
Office Name
Office Phone
(843) 546-4176
Agent Name
Caroline Donaldson
Agency Phone
(843) 546-4176

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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.