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 Message Boards » » Beautiful home for sale in Clayton - $160k Page [1]  
canchan
Starting Lineup
65 Posts
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This is the first house I ever owned. It's been extremely well-maintained, and features new flooring and new paint. We also put in a distributed AV system with in-ceiling speakers in the sun room, kitchen, master bedroom, master bath, and living room (living room is wired for floor speakers, so no in-ceiling speakers there) and wiring for subs in the master bedroom, living room, and sun room. Every room is wired with Ethernet. We have distributed video, so you can play video games in the bedroom while the consoles are in the living room, for example (I did this often).

Extremely open floorplan. Biggest floorplan in the neighborhood, on one of the best lots. In Flowers Plantation, 5 minutes from the new 24-hour Harris Teeter and CVS. Approx 10-15 min to 540, 15-20 min to 40, 30 min to downtown, 35 min to campus.

http://tra.fusionmls.com/DotNet/Pub/EmailView.aspx?r=305411569&s=TRA&t=TRA





[Edited on October 9, 2014 at 2:07 PM. Reason : getting pics to work]

10/9/2014 2:06:48 PM

Jrb599
All American
8846 Posts
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$100.00

10/9/2014 2:37:39 PM

canchan
Starting Lineup
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note: owning a home implies a certain sense of maturity. if you troll, you probably don't have that. I know I posted to tww, and so I'm bound to get a few here or there, and if that's you, good for you, I'm glad you have nothing better to do with your life.

if that's not you, however, please let me know if you or someone you know might be interested in the house

10/9/2014 2:40:44 PM

OmarBadu
zidik
25071 Posts
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owning a home has nothing to do with maturity

10/9/2014 2:56:52 PM

sag1804
All American
914 Posts
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^ I believe it does. I am interested, how long does it take to get to PNC arena?

10/9/2014 3:40:10 PM

canchan
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google says 35 min

10/9/2014 4:34:44 PM

dmidkiff
All American
3324 Posts
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$101.00

-posted from my house

10/9/2014 7:29:54 PM

wolfpack2105
All American
12428 Posts
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nice looking home. I just bought a little smaller house for 142 last year. Yours looks a little nicer and bigger than mine...kinda jealous. Good luck in your endeavor.

10/9/2014 11:12:22 PM

canchan
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thank you

10/10/2014 8:51:19 AM

ComputerGuy
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5052 Posts
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Wish this was for rent, perfect area.

10/10/2014 8:53:28 AM

canchan
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we would consider renting, but honestly I don't think we'd be able to market it to renters at a reasonable price - our mortgage for the house is a 15-year (instead of standard 30-year), so the rent payments would have to be much higher than normal just for us to cover the mortgage payment :/

...and we're not allowed to refinance to a 30-year mortgage because it's no longer our primary residence. sigh.

10/10/2014 9:09:19 AM

urge311
All American
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.06 acres - Is that right? I'd hate to know how big the bad lots in that neighborhood are.

10/10/2014 9:55:55 AM

canchan
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Yes, .06 acres is correct. All of the lots in the neighborhood are .06 acres, because the HOA technically owns all the land except for what the houses actually sit on and a couple of feet around that, since they take care of all exterior maintenance (landscaping, lawn care, siding, roofing, etc).

With that being said, it's the second nicest lot in the neighborhood because it has the most room between the two neighboring houses.

From what I understand, you can buy the rest of the "lot" from the HOA, but I don't know why anyone would do that.

10/10/2014 12:18:27 PM

ComputerGuy
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throw a crazy number to me. I'm looking to rent for the next year or so before I buy in the area...so hit me up if you decide to rent.

10/12/2014 12:35:25 AM

smoothcrim
Universal Magnetic!
18966 Posts
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glad to see you finished up the AV. looks good

10/12/2014 8:59:17 PM

BlackSheep
Suspended
1575 Posts
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How much did you buy it for? 88/sq foot seems cheap!

10/15/2014 1:51:30 PM

dmidkiff
All American
3324 Posts
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Quote :
"How much did you buy it for?"


Last sold: July 2009 for $127,300

From Zillow

10/15/2014 9:45:47 PM

synapse
play so hard
60939 Posts
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Let's try to stay on topic here people...

10/16/2014 4:54:16 PM

lottathought
All American
687 Posts
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Quote :
"we would consider renting, but honestly I don't think we'd be able to market it to renters at a reasonable price - our mortgage for the house is a 15-year (instead of standard 30-year), so the rent payments would have to be much higher than normal just for us to cover the mortgage payment :/

...and we're not allowed to refinance to a 30-year mortgage because it's no longer our primary residence. sigh."


Actually that is not true. We were in a similar situation a few years ago and were able to refinance. Those rules have loosened. The bank understood that this was a rental and not the primary. Now the interest is a little higher than if it was your primary...but we still came in at only about a point higher interest.
As far as renting...we hired a property management company. So far, this has worked out nicely. In the last 3-4 years, we have only had it not rented about 30 days.

10/19/2014 11:36:13 PM

canchan
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Thanks, Nic.

BlackSheep, I bought it for $130k in Nov 2009 (it doesn't show up on the property history for some reason - the July 09 price is when the house went into foreclosure from the previous owners). I got it for a steal, as most homebuyers in 2009 did, but $88/sq ft is pretty cheap

lottathought, the rule is that if you want to refinance a home that is not your primary residence, you can only refinance 75% loan-to-value (you must actually own 25% of the house). This is not the case for me. I got it 100% financed in 2009 with a USDA loan (I was VERY poor back then - I'm an ex-teacher), so I don't quite own 25% of the home, and cannot refinance.

ComputerGuy, I will send you a PM.

10/21/2014 3:57:26 PM

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