Home for Sale at 327 Skyview Street, Deep Gap, NC 28618

327 Skyview Street
Deep Gap, NC 28618

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Property Details

List Price:	$649,000
Beds:	3
Baths:	3
Status:	Active
SqFt:	2618
Agency:	828 Real Estate

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	2006
Notes:	BACK ON THE MARKET!! Quintessential mountain cabin in a beautiful community with mountain views. This cabin offers easy access and is in close proximity to all the High Country has to offer. Enter the home under the covered front porch and walk into the open kitchen, living and dining space. Off the dining area you will find the spacious back deck where you can enjoy the wonderful mountain views. Just off the kitchen on the main level is the primary bedroom with ensuite bath featuring large soaking tub, dual sinks and separate shower. The primary bedroom has its own doors out to the deck. There is also a half bath off the living room. Upstairs you will find 2 large bedrooms that can accommodate multiple beds and a shared hall bath. The lower level was recently finished out to be a great bonus area. Someone could wall off a 4th bedroom, as there a 4 bedroom septic permit. The lower level is also stubbed for a full bath. Off the lower level room you will find the large 2 car garage that is currently set up as another gaming space. This property has been meticulously maintained. Recent Improvements include Dual Fuel heating system (2023), exterior logs were sanded, resealed, and stained in 2023. Circle driveway in front for almost level entry with an additional driveway down to the 2 car garage. Home is being offered furnished with minor exceptions. Skyline skybest fiber recently run to the house. Short term rental allowed with 7 day rental.
MlsNumber:	249200

Listing Provided By:	828 Real Estate, original listing
Name:	828 Real Estate
Phone:	(828) 773-2413
Office Name:	828 Real Estate
Office Phone:	(828) 386-6047
Agent Name:	Sarah Long
Disclaimer:	Copyright Â© 2024 High Country Association of Realtors. 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.

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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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing