Home for Sale at 198 Cedar Point Drive, Wallace, NC 28466

198 Cedar Point Drive
Wallace, NC 28466

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Property Details

List Price:	$715,000
Beds:	3
Baths:	5
Status:	Active
SqFt:	3701
Agency:	Coldwell Banker Sea Coast Advantage

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	2003
Notes:	Welcome to River Landing Eastern North Carolina's top rated residential, golf and event community. Positioned on 2 lots, amazing, is the only way to describe this property with beautiful water and (# 2) fairway views! Stylish and sophistication personified with a huge downstairs master suite w/ private washroom. The spa subway tiled shower, with double shower heads, walk in closet, & double sinks are a dream come true! A master chef's kitchen features an abundance of cabinetry and long counter areas ideal for those who create art with cuisine. Granite counters and stainless steel appliances finish off the space with elegance and style. Enjoy gorgeous water views from the kitchen, den and breakfast nook which is blessed from nature with plenty of light. Did someone say light, brand new LED recessed lighting and fixtures are found throughout the entire home. This home has not one but two staircases for ease of access which also adds to the grandiosity. The front staircase leads from the front foyer to double bedrooms, a full shared bathroom and an office nook which overlooks the main living area. A second staircase leads to the finished all purpose room above garage. The home is equipped with the newest that technology has to offer in terms of being a super smart home. The exterior includes a lush landscape with covered back porch. Enjoy grilling out while watching the large mouth bass jump out of the water. An outdoor Bose surrounded system can set any mood that you like. A car enthusiasts dream come true is found with 920 SqFt of heated and cooled garage space to play. Playing is clean with the brand spanking new epoxy garage flooring. Cleaning is a breeze with a high quality central vacuum system throughout the home. Clean while listening to your favorite tunes with surround sound audio found throughout the home. You get the point; this property is a stunner that has to be seen to be believed.
MlsNumber:	100428284

Listing Provided By:	Coldwell Banker Sea Coast Advantage, original listing
Name:	Coldwell Banker Sea Coast Advantage
Phone:	(910) 799-3435
Office Name:	Coldwell Banker Sea Coast Advantage
Office Phone:	(910) 799-3435
Agent Name:	Todd Bryant
Disclaimer:	Copyright Â© 2024 NCRMLS/ Cape Fear Realtors MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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