Home for Sale at 6445 Red Oak Road, Battleboro, NC 27809

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6445 Red Oak Road
Battleboro, NC 27809

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Property Details

List Price:	$509,000
Beds:	3
Baths:	4
Status:	Active
SqFt:	2493
Agency:	eXp Realty, LLC

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	2024
Notes:	Welcome to The Farm at Red Oak, where modern farmhouse charm meets contemporary comfort in this brand-new construction home. Step into a spacious home with 10-foot ceilings that create an open and airy atmosphere, allowing tons of natural light. <br /> <br /> This thoughtfully designed home features a split floor plan, providing privacy and a seamless flow throughout. Luxurious vinyl plank flooring graces every inch, offering both style and durability. <br /> <br /> Situated on over an acre of land, this residence embraces tranquility and nature. The backyard is private, offering a peaceful retreat to relax and unwind. Enjoy the large covered patio, perfect for hosting gatherings or savoring a quiet evening under the stars.<br /> <br /> The private owner's suite is a retreat within a retreat, providing a serene space to recharge. Tons of closet space ensures that storage is never a concern.<br /> <br /> Discover an additional bonus room, a versatile space that adapts to your needs - whether it's a home office, entertainment room, or a cozy reading nook.<br /> <br /> And here's the best part - This home with all these amazing features can be yours without the burden of an HOA annual fee. Embrace a lifestyle that celebrates comfort, privacy, and the beauty of modern farmhouse living in this remarkable home.
MlsNumber:	10006395

Listing Provided By:	eXp Realty, LLC, original listing
Name:	eXp Realty, LLC
Phone:	(919) 333-4265
Office Name:	eXp Realty, LLC - Clayton
Office Phone:	(888) 584-9431
Agent Name:	Tammy Eickhoff
Disclaimer:	Copyright Â© 2024 Triangle 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.

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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.

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.

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