Home for Sale at 719 General Moultrie Dr, Bonneau, SC 29431

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719 General Moultrie Dr
Bonneau, SC 29431

Jeff Cook with Jeff Cook Real Estate LPT Realty, original listing - (843) 225-2005

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Property Details

List Price:	$260,000
Beds:	3
Baths:	Full: 2
Status:	Active
SqFt:	--
Agency:	Jeff Cook Real Estate LPT Realty
Agency Phone:	(843) 225-2005

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential-Mobile Home
Year Built:	2003
Notes:	This updated home is nestled on a large and private 0.46-acre lot in a quiet waterfront community on Lake Moultrie. It could be your primary home or it would also make an excellent vacation home or investment property! It is already an established short term rental with Airbnb, is generating revenue, and the owners are Airbnb superhosts. There's also a boat landing nearby. All furniture, appliances, and electronics convey with a full price offer and as part of the sales contract. A front deck welcomes you home. As you enter, you're greeted by new flooring throughout, fresh paint, and a spacious open floor plan with abundant natural light. The home also features a Nest smart thermostat, a new water heater, and a new washer & dryer.The open and updated kitchen boasts new stainless steel appliances, new granite countertops, a breakfast bar, a stylish subway tile backsplash, and ample cabinet and counter space. The adjacent dining room will be perfect for dinners with family and friends. The spacious master bedroom features a large en suite bathroom with a dual vanity and a walk-in shower with subway tile surround. The rest of the bedrooms are also spacious in size. The deck and large backyard, with privacy fencing, will be perfect for grilling out, entertaining, or watching the kids play. You'll also find a new storage shed, with electrical, which is a great place for storing your tools and lawn equipment. You'll appreciate the peaceful vacation-like feel of this property, as well as its proximity to Lake Moultrie and nearby access to a boat landing. Come see your new home, today!
MlsNumber:	--
ListingId:	24015286

Listing Provided By:	Jeff Cook Real Estate LPT Realty, original listing
Phone:	(843) 225-2005
Office Phone:	(843) 225-2005
Agent Name:	Jeff Cook
Disclaimer:	Copyright © 2024 CHS Regional MLS. 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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