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Featured Home in Elizabethtown

4283 OWEN HILL ROAD, ELIZABETHTOWN, NC 28337
pizap.com14945289657631

This single family brick ranch is just a few minutes outside Elizabethtown. Home sits on one acre.

This home has a two bedrooms, three full baths, living room with large windows, an eat-in kitchen, and enclosed laundry/utility room, rear patio, screened porch and attached carport, detached garage and workshop.

Details include a metal roof, grand double door entrance, laminate flooring, and some dated wood paneling. Home has potential, but will require updates for buyer to live comfortably. This is a bank-owned listing, being sold in “As Is, Where Is” condition.

Call Team Gale today with any questions you may have or to coordinate a showing. Co-listing agent Weldon Harris can be reached at 910-541-1559.

 

Featured Condo in Southport

3350 CLUB VILLAS DRIVE, UNIT 605, SOUTHPORT, NC 28461

pizap.com14943450645402

Fabulous golf course view from this great third floor Club Villa condo.

Just painted, with new carpet makes this unit move-in ready —just add your furniture! This condo is a two bedroom, two bath – with option to “lock out” and divide spaces. Large master suite has its own entrance to the screened porch, and the second bedroom efficiency is privately located at the front of the unit with its own private entrance. Club Villa Condos come with two dedicated storage closets just outside the door to the unit.

Enjoy all the amenities of living in St. James Plantation at this low price! Community offers swimming, tennis, fitness center, walking/biking trails, and 18 holes of golf.

Great location, great amenities, great unit. Call Bill Carney for details at 910-477-2331 before this goes! 

How is Housing Affordability Determined?

How Scary is the Housing Affordability Index? | Keeping Current Matters

The National Association of Realtors defines the housing affordability index as
the measure ofwhether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national level based on the most recent price and income data.” 

Basically, the higher the index the more affordable homes are at the time. “100” seems to be the magic number, alluding that the applicant meets the average income standards and can afford an average priced home.

How Scary is the Housing Affordability Index? | Keeping Current Matters
John Cunius with Alpha Mortgage in Wilmington, NC notes that, “Although there has been a slight drop in affordability in the second quarter of 2016… rising employment, low mortgage rates, and increasing household formations should keep the housing market on a gradual, upward path the rest of the year.”

 

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