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248 Southview Ledge Road
Landrum, SC 29356
$1,500,000
Conventional
Property
Bedroom
5
Bathroom
7
Property Type
Conventional
Square ft
--
Property Description
To see this amazing home, call Kim Stroud, The Stroud Team at Keller Williams Greenville Upstate at 864-680-0202, and ask for your private tour. One-of-a-kind home in a one-of-a-kind gated community! “It’s a great day to be on the Mountain”, and this home exemplifies that sentiment. This home was built to give the “lodge” feel in a mountain home. 20’ plus ceiling heights on the main level, speak to the majestic mountain landscape, and positioned perfectly on 5.1 acres! The grandeur of the interior will take your breath away as you sum up all the space available for entertaining, recreating for your needs without moving walls, and living large the way you deserve to live. This home could be used for corporate or executive gatherings with the layout for meeting, gathering, dining, and sleeping, as well as the communities’ phenomenal amenities to elevate gatherings. Family coming in can all have their own rooms, deck space and use of amenities for golf, swimming, tennis, hiking, dining and more! The main level will check every box, with the “grand lodge room” complete with a floor to ceiling stone fireplace, sunken viewing room, ample dining room spaces, oversized kitchen, a full laundry, and the main level half bath. Two wings go up on opposite sides of the main level. On one side of the 3-car garage is a bonus with full bath. Beyond the Grand Lodge Room is a Master ensuite with kitchenette, living room with fireplace, second laundry closet, and a walk out to a deck so you can soak in the natural surroundings while having your morning coffee. Another ensuite is on this level as well making a perfect grandkid room to keep young ones close by during the night. The second level is “Stay-cation” perfection with 2 additional guest ensuites, a bunk room, and a complete game room with all rooms on this level including a walk out for A unique feature of the landscape surrounding this home are the natural rock formations. Along the back of the home, going up the mountain, are large boulders forming a water feature which comes alive as a symphony of running water, waterfalls, and a stream that runs beside the home. All viewable from the home’s decks, bedrooms and living rooms. One-of-a-kind home with Privacy in a natural setting, while minutes from the entrance gate. This home also offers membership opportunities to appreciate the amenities and conveniences of the 7 Cliffs Communities including seven Award-Winning Golf Courses, restaurants, state of the art fitness centers, community lakes and trails, tennis, swimming and more!
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
2010
MLS Number
1518937
Location
Address
248 Southview Ledge Road
City
Landrum
State
SC
Zip Code
29356
County
SPARTANBURG
Listing
Provider
Keller Williams Greenville Upstate, original listing
Name
Keller Williams Greenville Upstate
Phone
(864) 234-7500
Office Name
Keller Williams Grv Upst
Office Phone
(864) 234-7500
Agent Name
Kim Stroud

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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.