Home for Sale at 316 Chinook Trail, Edenton, NC 27932

316 Chinook Trail
Edenton, NC 27932

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Property Details

List Price:	$295,000
Beds:	3
Baths:	2
Status:	Active
SqFt:	1879
Agency:	Taylor Mueller Realty

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1981
Notes:	Water access with a sandy beach and tranquil community! Located in Arrowhead Beach in Edenton on just under half an acre (3 Lots), this home is a unique treasure. Open floor plan with 3 bedrooms and 2 bathrooms. On the main level are 2 bedrooms, a bathroom, plenty of closets for storage, great room with built ins and a gas fireplace, dining room, kitchen, and laundry. The spacious main bedroom includes 2 large closets. The downstairs bathroom includes a tile shower & jetted soaking tub. A private loft, bedroom, bathroom with a walk in shower and a HUGE closet are upstairs. The kitchen features Corian counters, tile backsplash, plenty of cabinets, an island with room for seating, and newer Frigidaire Stainless Steel Appliances (about 5 years old). Newer roof - 2022. Outside is a large carport with an attached workshop that has electricity for all your outdoor hobbies and storage. Relax outside on the front porch, under the pergola, on the patio or in the screened porch or head about half a mile through the serene community to the sandy beach. The amenities here include a boat ramp, picnic area, playground, clubhouse and more! HOA fees are $65/lot/year. Check out arrowheadbeach.com for more information about the community. The owner is also selling the 4 lots across the street totaling .65 acres. See MLS# 100447820
MlsNumber:	100449209

Listing Provided By:	Taylor Mueller Realty, original listing
Name:	Taylor Mueller Realty
Phone:	(252) 331-2233
Office Name:	Taylor Mueller Realty, Inc.
Office Phone:	(252) 331-2233
Agent Name:	Travis and Jessica James Team
Disclaimer:	Copyright Â© 2024 NCRMLS/ Albemarle Area 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.

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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