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5590 Pershing Drive
Dalzell, SC 29040
$393,000
Conventional
Property
Bedroom
5
Bathroom
3
Property Type
Conventional
Square ft
3843
Property Description
Welcome to this well-maintained corner lot home of nearly 4000 sq. ft. with 4 beds, 3 full baths in the enclave of Pershing Hills just outside the gates of Shaw AFB. Arriving at the home, notice the stately two-story brick and stone facade, lush landscaping, covered front porch and driveway with addtional parking pad. Make your way up the stairs and you are greeted by durable and beautiful bamboo flooring, crisp white trim w/heavy mouldings and freshly painted walls in an on-trend scheme. To the left of the foyer, is the large formal living room. Further down the hall, find yourself in the formal dining room with coffered ceilings. This space is big enough for the largest family gatherings. The kitchen is perfect for the home chef with massive pantry, copious counter top & cabinet space, gas range w/convection oven, eat-area and room for bar seating; all overlooking the fireside family room w/gas fireplace flanked by built-ins. A large flex room with full bath would make for great home office or for multigenerational living. Head up the sweet staircase, to land at the large loft space w/three well-proportioned secondary bedrooms all with walk-in closets as well as convenient second floor laundry. The palatial primary suite is a real treat with tray ceiling and separate retreat, five piece bath and massive walk-in closet. Outside is a true oasis. Enjoy a covered 12' x 12' patio w/ceiling fan and deck space, large storage shed w/water and electricity and even more deck space, fruiting pear and plum trees and firepit round out this space. Home is a mile from Shaw AFB, 3 miles to Thomas Sumter Academy and 15 minutes to all the shopping and dining conveniences of Sumter.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2014
MLS Number
528570
Location
Address
5590 PERSHING Drive
City
Dalzell
State
SC
Zip Code
29040
County
SUMTER
Listing
Provider
Keller Williams Realty Augusta Partners, original listing
Name
Keller Williams Realty Augusta Partners
Phone
(706) 868-3772
Office Name
Keller Williams Realty Augusta Partners
Office Phone
(706) 868-3772
Agent Name
Justin Lee

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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.