Home for Sale at 24 Wafting Lane, Chapel Hill, NC 27517

24 Wafting Lane
Chapel Hill, NC 27517

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Property Details

List Price:	$1,870,000
Beds:	4
Baths:	7
Status:	Active
SqFt:	6522
Agency:	Nest Realty

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Description/Comments

Lot Size:	3 acre(s)
Property Type:	Residential
Year Built:	2016
Notes:	An oasis of luxury and tranquility await in Chapel Hill's Windfall. Nestled on 3.8 acres of pristine landscape, this meticulously crafted executive home offers the perfect blend of sophistication and comfort. Step inside to discover an abundance of natural light flooding through expansive windows, highlighting the gleaming hardwood floors. Lavish 1st floor primary suite with an enormous walk-in closet and a spa-like ensuite bath, ensuring every day starts and ends in absolute bliss. Entertain with ease in the open floor plan, whether it's an intimate evening at home or a gathering of friends and family. The oversized kitchen is a culinary enthusiast's dream, featuring a 5-burner gas range, stainless steel oven, built-in Electrolux refrigerator, farmhouse sink, custom cabinetry, and a spacious island perfect for meal prep or casual dining. Upstairs, discover three additional bedrooms, each boasting its own ensuite bathroom, along with versatile flex spaces including a bonus room & multipurpose room. Need a quiet place to work? You'll find offices conveniently located on both the main and lower levels. The finished walk-out lower level features a gym, family room, office, or additional bedroom. Step outside to a variety of outdoor havens, including a serene screen porch overlooking the pool and tiki bar, new upper & covered lower Trex decks, plus patio area. Indulge in the ultimate luxury with a saltwater pool and hot tub, serenaded by the soothing sounds of a gentle waterfall. Or explore the woods on your own property, immersing yourself in nature's beauty. Multiple storage options, including a third-floor attic ready for finishing with plumbing already in place. Amazing 3-car garage with built-in cabinetry. Close proximity to all that Jordan Lake has to offer. Easy access to Apex, downtown Chapel Hill, Pittsboro, and Raleigh, as well as a stone's throw from shopping, cultural experiences, and fine dining, this is truly a residence that exceeds every expectation.
MlsNumber:	10026628

Listing Provided By:	Nest Realty, original listing
Name:	Nest Realty
Phone:	(919) 475-2944
Office Name:	Nest Realty of the Triangle
Office Phone:	(919) 948-6378
Agent Name:	Joan Mueller
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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