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Posts Tagged ‘Gated community specialist’

Hilton Head Foreclosures, Preforeclosures and Low Prices

A growing sub-group of Hilton Head real estate sellers are highly motivated. Some of them cannot ’hang on’ for a recovery that is anticipated to occur within the next twelve months. They want to sell now and they are offering low prices today. In addition, there are more foreclosures now than I have ever seen in my 33-year real estate career on Hilton Head Island, even though South Carolina has among the lowest foreclosure rates in the nation. For ready and qualified buyers, this is a juicy opportunity.

Let’s look at three Hilton Head bargains available now:

#31 Honey Locu st Circle in H ilton Head Plantation. This home is a preforeclosure listed @ $389,700 with Go Gated Realty®. It was under contract but just returned to the market in the last 24 hours. The house is within walking distance to Port Royal Sound and located in one of the best and most popular gated communities on Hilton Head Island. The Sound offers fabulous summer breezes and beautiful sunsets where there is a community walkway. Hilton Head Plantation has two security gated entrances, four 18-hole golf courses with optional memberships and a community swim and tennis club. This is a residential community that does not allow vacation rentals. The 3-bedroom, 2.5 bathroom house was built in 1993 and has 2,027 SF of living space at ground level with no steps and a two-car garage with automatic door opener. It has a fireplace, screened porch and ‘natural’ yard of .2 acres that requires minimal care. The house is located within Hickory Forest, one of the best Island neighborhoods within Hilton Head Plantation. The house is already at the ‘must have’ price of sale at $389,700, approximately $50,000 less than the next lowest comparable home in that neighborhood. The house is in good repair but needs new carpet and paint inside only. The owner closed his small business recently and has moved away.

#441 Admiral’s Row at the Hilton Head Beach and Tennis Resort. This villa has a motivated and eager seller who says says "Make an offer", good advice for bargain hunters who will wonder what they were waiting for if they miss this one. The 2-bedroom, 2-bath ocean view furnished vacation rental villa is listed with Go Gated Realty® @ $398,700. This is $80,000 less than the most comparable listing in the same building today! The Beach and Tennis Resort is a family oceanfront resort with a large oceanfront swimming pool and cabana bar, ten tennis courts with pro shop, convention center with on-site rental company and regime management, restaurant, sports lounge and a 24-hour manned security gate. The Hilton Head Beach and Tennis Resort is the most popular economical resort on Hilton Head Island where two-bedroom ocean view vacation rental villas cost less than half what they cost elsewhere on the Island. #441 Admiral’s Row is a top floor, end location which is decorator furnished, in top condition and already up and running in the on-site a vacation rental program.

24 Whitney Place, a rare foreclosure in Indigo Run (pictured to the right), $569,900. Indigo Run is a residential Jack Nicklaus golf community on Hilton Head Island with two 18-hole golf courses, a swim and tennis club and several security gated entrances. The house was built in 2005 and has 4 bedrooms, 3.5 bathrooms, 3,180 heated SF, a full kitchen with Corian counter tops, almost-new appliances and a two-car garage It is the has the lowest priced of a full size home for sale in Indigo Run today by $30,000. This is a bank REO (real estate owned property) and will be sold ‘as is’ but with the right of inspection. 3% earnest money is required. Contact Richard Kadesch e-mail rich@rkrealty.com for more information about this house.

Don’t assume that any property is best for you because it is a foreclosure, preforeclosure or has a low price. The selection is excellent for good properties at good prices today. Buyers should always exercise due diligence and compare properties that interest them to others. It’s a good idea to have an experienced Buyer’s Agent help you find a good property, evaluate it for your needs and represent your interests. As always, the fee for your Buyer’s Agent is already in the price of every listed property and paid at closing. Update 3/5/08: This house is now has an accepted contract of sale. Please inquire about other homes that could meet your needs.

Do you have an interest in any of these properties? Please let me know.

Richard Kadesch, Owner and Broker-in-Charge The Gated Community Specialist ® Go Gated Realty ® Hilton Head Island, South Carolina Rich@rkrealty.com www.GoGated.com 1-800-333-5025 Read Some of My Clients’ Success Stories

Woodlake Villas to Become a Hilton Head Gated Community

Woodlake Villas on Hilton Head Island will become a gated community later this year and will be among the Island’s most economical locations to have security gates. In January, 2008 the two-bedroom villas there were listed for sale from $116,000-$145,000. The villas were built in 1983.

In late 2007 the Town of Hilton Head Island began the long-planned widening of Mathews Drive and it purchased land from Woodlake for $80,000 under eminent domain. Before this, Woodlake owners had voted against buying security gates because of the cost. With $80,000 from the Town, they decided to go ahead with gates. The total cost for the new entrance at Woodlake including the gates will cost about $145,000. Homeowners will not be assessed for the balance that will come from their reserve funds.

"We intend to build a mechanical security gate with pass codes," Woodlake Board President Charlie Wetmore told Go Gated Realty ®. “Restricting access to the neighborhood with security gates will reduce the potential for problems and enhance our property values".

Woodlake is comprised of 224 two-bedroom flats and townhouses and is located on Hilton Head Island just one mile from the beach at 96 Mathews Drive. Woodlake has a community fitness center, swimming pool, two tennis courts, playground and a fenced dog park. Most of the villas have fireplaces and many have lake views. Each villa has about 1,000 square feet of living area plus an outside patio and a storage closet. Woodlake is close to the hospital, Sam’s Club, the library, Barnes and Noble, airport, many banks and other locations. The villas have long been popular residences for owner-occupants, tenants and investors.

The Town’s Mathews Drive renovations will beautify the neighborhood and should enhance properties values in the area. Old Mathews Drive was an undivided and heavily traveled two-lane road. The new road will have two lanes divided alternatively by landscaped medians and turning lanes. There will be a 10-foot wide bicycle path on each side of the road and three traffic circles along Mathews Drive with one at the entrance to Woodlake. A raised crosswalk there will improve pedestrian traffic between Woodlake and Port Royal Plaza.

The Mathews Drive renovation and the addition of new security gates at the entrance to Woodlake Villas should increase property values and make Woodlake a preferred community for many people. Before the renovations to Mathews Drive and the security gates to Woodlake are finished, this is a very good time for anyone to buy a Woodlake Villa. To discuss availability, selection, costs and rental, call or e-mail Richard Kadesch, the Gated Community Specialist ® today!