Home for Sale at 504 Ocean Drive, North Topsail Beach, NC 28460

504 Ocean Drive
North Topsail Beach, NC 28460

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Property Details

List Price:	$2,000,000
Beds:	5
Baths:	4
Status:	Active
SqFt:	2235
Agency:	Equity Real Estate, LLC

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	2019
Notes:	504 Ocean Drive is a stunning oceanfront opportunity set on a deep, well protected lot. This home was built tall to maximize every possible commanding view of the Atlantic Ocean. The current owners purchased this home as new construction and have completed extensive upgrades to fortify, reduce risk of storm damage and create greater energy efficiency. Upgrades include electric rolling hurricane shutters over already adequate hurricane rated sliding glass doors. The attic was extensively upgraded in 2023 and encapsulated with spray foam, eliminating wind driven humid air from from entering the home. HVAC dehumidifiers were installed as well, allowing the HVAC systems to operate more efficiently and effectively. A high end, aluminum, standing seam roof was also installed in 2023 and will provide decades of a worry free roof. The fiber cement siding that wraps this home is far superior to vinyl siding. 504 Ocean Drive has never been on the rental market and has also been rarely occupied. Offered fully furnished and turn key, this 5 bedroom 4 full bathroom oceanfront rarity provides the necessary space to comfortably host your family and friends. All 4 levels are serviced by an elevator and a large ground level storage room safely secures lots of beach gear and boards with easy access. Beach access is very easy with the level and elevated walkway over the sand dunes. Landscaped with palm trees the back yards is also fully fenced and secure. Create deep lasting memories and experiences with friends and family on Topsail Island at 504 Ocean Drive!
MlsNumber:	100434444

Listing Provided By:	Equity Real Estate, LLC, original listing
Name:	Equity Real Estate, LLC
Phone:	(910) 741-9110
Office Name:	Equity Real Estate, LLC
Office Phone:	(910) 741-9110
Agent Name:	Billy Hudgins
Disclaimer:	Copyright Â© 2024 NCRMLS/ Jacksonville Board of Realtors NC. 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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