Home for Sale at 3120 Timberlyne Drive, Mebane, NC 27302

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3120 Timberlyne Drive
Mebane, NC 27302

Vicki DiProfio with DiProfio Homes, original listing - (919) 616-6594

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Property Details

List Price:	$739,900
Beds:	5
Baths:	Full: 3
Status:	Active
SqFt:	3220 Square Feet
Agency:	DiProfio Homes
Agency Phone:	(919) 616-6594

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	7 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1989
Notes:	A custom built brick home on over 7 acres in an established subdivision is no longer the impossible dream! 3120 Timberlyne Drive offers the best of both worlds...wooded lot with a pond and privacy inside a well manicured subdivision. AND this home is only minutes to interstate 40 making it conveniently situated between Greensboro and Durham/Raleigh. You will feel yourself decompress as you meander down the winding driveway, taking in the beauty of nature. Go slow, as you might see deer and other wildlife. The moment you enter the foyer you will appreciate the attention to detail in the warm hardwood floors, crown molding and chair rail along with solid doors throughout. A large eat-in kitchen featuring beautiful hardwood cabinets and granite opens into the cozy family room where you will find a masonry fireplace and custom built-ins. The primary bedroom with en suite is on the first floor along with a secondary bedroom and full bath. The vaulted ceiling and enormous picture window in the primary make this space feel open and airy. The second floor features 2 additional generously sized bedrooms along with another full bath. On this floor you will also find a 3rd bedroom that opens to an area that can serve as a kitchenette/dining space and has a private entrance from the garage. This area would make a great in-law suite, guest suite or private apartment. Enjoy entertaining on the new deck out back and watch nature at its finest. Don't forget to take a trip down to the pond! This home is priced to allow room for updating in your budget. Bring your ideas and make this well loved and cared for paradise your forever home.
MlsNumber:	--
ListingId:	10078479

Listing Provided By:	DiProfio Homes, original listing
Phone:	(919) 616-6594
Office Phone:	(919) 616-6594
Agent Name:	Vicki DiProfio
Disclaimer:	Copyright © 2025 Doorify MLS of North Carolina. 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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