Home for Sale at 201 Bolinas Court, Chapel Hill, NC 27517

201 Bolinas Court
Chapel Hill, NC 27517

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Property Details

List Price:	$1,350,000
Beds:	6
Baths:	5
Status:	Active
SqFt:	5570
Agency:	Compass North Carolina

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	1995
Notes:	This exquisite all-brick home is in a highly sought-after Chapel Hill neighborhood called The Reserve which borders the protected 127-acre Parker Preserve and Mason Farm Trail. It is 7 minutes from the University and its cultural centers with 47 residences spaced out by one acre each. The Reserve whispers good living and epitomizes the best kind of quiet luxury this world-class college town has to offer. The residence boasts a wealth of features that make it a dream home for those seeking both space and style. The main level of this 5600 sq ft masterpiece showcases site-finished wood floors that exude timeless elegance. With three well-designed stories, the home offers ample room for comfortable living and entertaining. The upper levels are home to spacious bedrooms, office/flex spaces and updated baths ensuring a private retreat for everyone. The generously sized bonus room is a versatile space for recreation, relaxation and multigenerational living as a possible in-law suite with a private, back staircase and attached full bath with shower. The fully equipped kitchen, with an extensive granite island, opens to the family room and stunning sunroom, screened porch and deck. One of the standout features of this property is its convenient location, with easy access to UNC and Duke Universities, hospitals, RTP and the airport.
MlsNumber:	2534386

Listing Provided By:	Compass North Carolina, original listing
Name:	Compass North Carolina
Phone:	(212) 913-9058
Office Name:	Compass -- Chapel Hill - Durham
Office Phone:	(919) 999-8482
Agent Name:	Gretchen Castorina
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.

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.

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or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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