Home for Sale at 119 Lynwood Place, Chapel Hill, NC 27517

119 Lynwood Place
Chapel Hill, NC 27517

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Property Details

List Price:	$2,395,000
Beds:	6
Baths:	6
Status:	Active
SqFt:	5758
Agency:	Urban Durham Realty

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	1987
Notes:	Indulge in the epitome of luxurious living in this exquisite cul-de-sac oasis nestled within The Oaks, highly desired golf course community. Spanning across 1.26 acres, the yard includes a fully resurfaced in-ground pool, a half basketball court, a wooded area, and plenty of outdoor entertainment areas. Keep a keen eye out, and you may even catch a glimpse of the occasional deer families gracing the tranquil surroundings. This impeccably renovated modern farmhouse is a testament to refined elegance and contemporary sophistication. Natural hardwood flooring and exquisite tile work adorn the first level. The heart of the home resides in the breathtaking kitchen, flowing into the glass door-lined family room, which in turn grants seamless access to the expansive back deck and pool area. Additionally, the main level offers the convenience of formal living and dining areas, a bonus room/library, a well-appointed guest suite with direct pool access, a powder room, and a practical mudroom leading to the attached 2-car garage.Ascend to the second level to discover a private sanctuary within the primary bedroom suite, thoughtfully separated from the secondary bedrooms by a generous bonus room, which offers a variety of uses. The flooring for this level includes new luxury carpet and beautiful tile in the bathrooms. For those seeking ultimate entertainment, the third floor presents an unparalleled opportunity with its versatile space perfectly suited for a home theater and game room, along with a kitchenette and bar, promising endless hours of enjoyment for family and friends alike.No detail has been overlooked in this meticulously crafted residence, with all-new plumbing, electrical systems, HVAC, roof, gutters, siding, fresh paint, kitchen and bathrooms, resurfaced pool, and an outdoor mobile kitchen, ensuring not just luxury, but peace of mind for years to come. Embrace the pinnacle of luxury living in this captivating retreat, where every amenity and comfort has been thoughtfully curated to elevate your lifestyle to new heights.
MlsNumber:	10014946

Listing Provided By:	Urban Durham Realty, original listing
Name:	Urban Durham Realty
Phone:	(919) 291-2318
Office Name:	Urban Durham Realty
Office Phone:	(919) 237-3701
Agent Name:	Eila Voloshen
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.

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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