Great Durham Strater Homes #3
Foreclosures are all the rage in the media these days. If you were to believe the television and the radio, someone could buy a foreclosure, move into it without any major work and have thousands of dollars of instant equity.
While most of us know there is more to the story, sometimes you can actually find that needle in the haystack. This week’s Great Durham Starter Home might just be that needle.
Front View of 3612 Abercromby
Our starter home this week is in the Abercromby section of the Villages of Cornwallis. The Villages of Cornwallis is a development with a mix of condos, townhomes, duplexes and single-family homes near the intersection of NC-55 and Cornwallis Road in Southwest Durham. That puts you just minutes away from Southpoint Mall, RTP and NC Central. downtown Durham and Chapel Hill are both a short trip away.
This home offers 3 bedrooms, 2 baths and almost 1600 square feet of space in an established community. It has a tremendous amount of light in almost every room and has the potential to be a really memorable home with the right owner. It is a foreclosure, owned by HUD, but to my untrained eye, it appears to need little other than new carpets, paint and some appliances.
HUD is offering this property at $102,400. At that price, it would make a great personal residence, and also has some potential as an investment property. for more details on this property, click here. To arrange a showing, please email me, and we will arrange a time.
Don’t forget, the $8,000 tax credit expires on December 1! Time is running out on this great opportunity to buy your first home.
[Disclaimer: I am not a home inspector and none of the above should be taken as a guarantee of condition. I would encourage any buyer, foreclosure or not, to have their home inspected before making the purchase]
Tags: starter homes
