Home for Sale at 5191/5189 Peoria Road, Vilas, NC 28692

5191/5189 Peoria Road
Vilas, NC 28692

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Property Details

List Price:	$625,000
Beds:	3
Baths:	3
Status:	Active
SqFt:	1876
Agency:	Keller Williams High Country

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Description/Comments

Lot Size:	3 acre(s)
Property Type:	Residential
Year Built:	2004
Notes:	Offering the perfect country living package: Completely charming log home on 3.22 acres, detached garage with workshop and living area above, long range VIEWS in multiple directions and much more! Great for primary home, second home, vacation rental or even homesteaders, and offered FURNISHED! Enjoy the views and the outdoor living from the covered porch that wraps around 3 sides. Enter to a two story living room with a floor to ceiling stacked stone fireplace (w/wood stove insert) and an open design with plenty of room to entertain. The kitchen has lovely white pickled cabinets, stainless steel appliances and granite counter tops. There's plenty of room for meals in the dining room or step outside to the covered porch to dine al fresco and gaze out upon the beautiful neighboring vineyard or across the mountain range to Beech Mountain. The Primary Bedroom is on the 1st floor with a generous bathroom, large tub and walk in closet. Upstairs is a large loft/game room with pool table, 2 additional bedrooms and full bath. The 2 car detached garage has a guest suite above the garage, full bath and workshop (workshop has a 220 outlet to convert to a kitchen if desired). There is also a potting shed and a woodshed that includes enough wood for the winter. Roam around the grounds of this perfectly laid out mini farm with a firepit, 20 x 40 foot fenced garden area, adorable chicken coop with fenced chicken yard and a place for your beehives. The owners have planted various fruit trees, grape vines, flower beds and an herb garden. This property includes two lots, with your own blazed trails through the woods. Not only that, there are some great building sites if you want to expand. Just minutes to the Guy Ford River Spot with public access to the pristine Watauga River to enjoy trout fishing, swimming or access to the 5 mile whitewater run to the NC-TN state line. You could truly live off the land at this unique home. Altitude is just under 3500 ft. Heat pump installed in 2018
MlsNumber:	249073

Listing Provided By:	Keller Williams High Country, original listing
Name:	Keller Williams High Country
Phone:	(404) 277-3545
Office Name:	Keller Williams High Country
Office Phone:	(828) 386-1086
Agent Name:	Leslie Eason
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.

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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