Greenville Homes For Sale:

602 Eleanor Street, Greenville NC 27858

MLS# 94306

Surrounded by mature trees, in the prestigious Cherry Oak subdivision, this spacious home built in 1978 is rich in tradition with a nostalgic quality found only in older homes. The cozy foyer, with transomed entry door, crown molding, chair rail and coat closet cheerfully welcomes any visitor. Floor-to-ceiling masonry fireplace with wood insert, mantle and raised hearth, crown molding, chair rail with wainscoting, large windows, carpeting and French doors exiting to the sizable rear deck highlight the family room. This room, perfect for indoor/outdoor entertaining, will be the “fun center” for you and your guests.

The kitchen, featuring crown molding, double stainless sink with view, ample storage and counter space, smooth-top range, dishwasher, white wooden cabinets and vinyl flooring. The adjoining breakfast area has ceiling fan, crown molding, bay window with lovely view of the backyard and exit to garage area. Warm and welcoming, it’s a family center that lets the soul of the house shine through. Crown molding, chandelier lighting, chair rail and carpeted flooring offer a relaxed atmosphere in the formal dining room. Restore a forgotten tradition as you gather around the dinner table for a delicious home-cooked meal with family and friends.

The master bedroom boasts crown molding, ceiling fan, chair railing, large windows, spacious walk-in closet and carpeted flooring. Master bath offers double vanity with storage, tiled walk-in shower and ceramic tile flooring. Two additional bedrooms feature walk-in closets, large windows and carpeted flooring. Hall bath has single vanity with storage, tub/shower combination and ceramic tile flooring, providing lots of room and privacy for children or overnight guests. Upstairs you’ll find a large, carpeted bonus room with vaulted ceiling, bar with sink, windows and storage. This upstairs “hideaway” could serve as a gym, playroom, or the hangout where your teen’s will want to entertain all their friends! With just a little imagination, the possibilities for this space are endless. Other desirable features include a laundry room with built-ins, pantry and lots of cabinets, a double car garage with storage space, totally fenced backyard and spacious rear deck with built-in seating. With lots of charm and livability, this is one you can’t match for overall utilization and value. It’s your move, call now and let us open the door to your new home. Call Liz Freeman today at 252-439-4000!

Learn more about 602 Eleanor Street and other Greenville homes for sale by visiting LizFreeman.com, LizFreemanHomes.com and HomesofGreenvilleNC.com.

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1. Insulate. Insulate. Insulate. Use pipe insulators to keep hot water hot for a longer time and a hot water heater blanket ($10.00 to $20.00) to both prevent temperature loss and reduce the amount of electricity/gas needed to maintain the water temperature. Be aware that the further heat or air conditioning has to travel, the greater the temperature loss. Insulating your heating and cooling ducts can prevent up to 60% of this loss. Remember that even a small area of inadequate or damaged insulation can greatly reduce efficiency.

2. Reduce heating/cooling expenses. Replace or clean all filters on a regular basis to reduce inefficiency. Eliminate all sources of drafts by checking windows, doors, electrical outlets, fireplaces, and attic floors for leaks (even small cracks lead to energy loss) and by using caulking or weather stripping to seal them. In addition, for a cost of $200 to $400, you can run a blower door test to discover the main, and many times hidden, sources of energy leaks in your home.

It is also important to schedule a HVAC cleaning/checkup every two years and to investigate the need for a programmable thermostat to save energy while you sleep or are away from home. If your windows, aging appliances, furnace, or hot water heater needs to be replaced, you should certainly consider purchasing ENERGY STAR products to save 10% to 30% of the usual operating costs.

3. Consume less water. Since your Greenville NC home is located in a resort area, water bills are generally high. Take steps to reduce this expense by installing low flow showerheads, toilets, and faucet aerators.

4. Don’t ignore the outside. Planting shade trees and shrubs in strategic locations on the grounds of your home can lower your cooling costs by as much as 25%, and because they also act as wind barriers, your heating costs can be reduced by up to 20%. In addition, the leafless trees will allow sunshine through in the winter (good for mental health as well as warmth). Also consider water conservation when landscaping. Look for lawn grasses and plants that are drought resistant and natural to the area.

The “Go Green” slogan is not a passing fad. Realistic buyers, who are both cost-conscious and ecologically aware, want to own a home that reduces their day-to-day utility expenses and allows them to play a part in preserving the environment. The purchase of a green home benefits both the buyer and the seller in today’s market.

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Greenville Real Estate For Sale:

1583 Ole London Road, Greenville NC 27834

Surrounded by mature trees and located in an established neighborhood, this spacious home built in 1978 is rich in tradition with a nostalgic quality found only in older homes. The great room features a brick, floor-to-ceiling masonry gas log fireplace with built-in shelves and cabinets. The room also features a ceiling fan, crown molding, chair rail, carpeted flooring and exit to the large deck overlooking the lovely wooded backyard that is ideal for expanding leisure activities to the outdoors and is an enhancement to the expansive great room.

The warmth of wood lends an old-time charm to the kitchen featuring double stainless sink with window view, electric range, refrigerator, dishwasher, ample counter and storage space, breakfast bar, two pantries, vinyl flooring and breakfast room with lighted ceiling fan, large windows, chair railing and vinyl flooring. French doors, chandelier lighting, chair rail and carpeted flooring offer a relaxed atmosphere in the formal dining room. Restore a forgotten tradition as you gather around the dinner table for a delicious home-cooked meal with family and friends.

The master bedroom has a lighted ceiling fan, carpeted flooring, and two closets, including a spacious walk-in. The master bath offers single vanity, storage cabinet, shower and vinyl flooring. Serenely simple, it’s a quiet place to relax and unwind after a long, hard day. Two additional bedrooms offer large windows, ample closet space and carpeting. The hall bath has a single vanity, tub/shower combination and vinyl flooring; providing plenty of comfort and privacy for children or overnight guests.

Sitting on approximately .43 acres, there’s plenty of room for children to romp, pets to roam and people to gather, so invite family, friends and neighbors over for some backyard fun and build memories that will last a lifetime. If you love natural surroundings, large rooms and ample storage space, this one’s for you! Come see for yourself all the charm, warmth and tradition this older home has to offer. Once you see it, you’ll want to own it – call now and let us show you how!

Learn more about 1583 Ole London Road and other Greenville real estate for sale by visiting LizFreeman.com, LizFreemanHomes.com, and HomesofGreenvilleNC.com

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There are currently 286 Pitt County and Greenville NC foreclosure homes with 20 new foreclosures in January 2010, according to RealtyTrac.com.

The average sales price of a Greenville NC home in January 2010 was $137,724. In comparison, the average sales price of a foreclosure home was $118,327, a $19,397 savings.

Pitt County & Greenville NC Foreclosure Activity and Home Price Index

Pitt County home price appreciation in Janaury was -1.67% and there were 20 new foreclosures.

Pitt County foreclosure activity is based on the total number of properties that receive foreclosure filings - default notice, foreclosure auction notice or repossession notice - each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.

Pitt County & Greenville NC Foreclosure Geographical Comparison

Pitt County & Greenville NC foreclosures were 0.22% below national statistics and 0.05% below North Carolina figures.

Pitt County & Greenville NC Foreclosure Activity by Month

Pitt County & Greenville NC foreclosure activity has been trending downward over the past 6 months. The number of Bank-owned properties decreased from 31 to 20 in January. The number of Auctions dropped from 30 to 0 and pre-foreclosures dropped from 1 to 0.

Are you or someone you know behind on mortgage payments and facing a Pitt County & Greenville NC foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. I am a Certified Distressed Property Expert (CDPE). Give me a call for a private consultation.

Greenville Homes For Sale:

104 Fairlane Road, Greenville NC 27834

MLS# 93964

This brick exterior home, built in 1951, offers three bedrooms, two baths, and is just minutes from East Carolina University, area restaurants, shopping, parks, and schools. At 1661 square feet, spacious rooms mean comfortable living. The family room boasts brick fireplace with gas logs, built-in bookcases, ceiling fan, large windows that flood the room with an abundance of natural light, and vinyl flooring. Come home and relax in this warm, comfortable space, perfect for today’s casual living.

Light and airy, the kitchen boasts crown molding, double sink with window view, plenty of white cabinets, ample counter space, smooth top range, wall oven, dishwasher, garbage disposal, and laminate flooring. Warm and restrained, the formal living and dining areas offer lots of windows and beautiful hardwood flooring, providing the perfect backdrop for antique furnishings and family heirlooms. An all-weather sunroom, featuring panoramic views of the backyard, broken tile flooring and exit to generous backyard area. It’s the ideal spot for hours of peaceful relaxation, drinking coffee, reading the morning paper or entertaining family and friends.

Comfort and coziness characterize the roomy master bedroom, with lighted ceiling fan, hardwood flooring, large windows and spacious closet. It’s just as inviting during the day as it is at night. Master bath offers single tiled vanity with storage, tiled shower and ceramic tile flooring. Two additional bedrooms have lighted ceiling fans, hardwood flooring and ample closet space. Full hall bath has double tiled vanity and backsplash, tub/shower combination and ceramic tile flooring that provides lots of space and privacy for children or overnight guests.

Double car garage, fenced backyard, detached storage building with electricity, vinyl replacement windows, heat pump and central AC are also among the many conveniences this home has to offer. Everything you need, safely and conveniently located on one floor, so settle into this lovely brick charmer and enjoy everything it has to offer! Call now and let us show you how. Call Liz Freeman today at 252-439-4000!

Learn more about 104 Fairlane Road and other Greenville homes for sale by visiting LizFreeman.com, LizFreemanHomes.com and HomesofGreenvilleNC.com.

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Home sales surged in the fourth quarter of 2009 with many areas seeing double digit gains according to the National Association of Realtors. Total existing-home sales (single-family and condo) jumped 13.9 percent above the third quarter and 27.2 percent above the fourth quarter of 2008. Distressed property sales accounted for 32 percent of the fourth quarter transactions, down from 37 percent from 2008.

Lawrence Yun , NAR chief economist, said the first-time home buyer tax credit, combined with record low interest rates, played a dominant role in fourth quarter sales. Yun went on to say, “With inventory levels trending down over the past 18 months, we expect broadly balanced housing market conditions in much of the country by late spring with more areas showing higher prices.”

Let's look at January Greenville NC real estate sales statistics to see how the housing recovery is progressing locally.

Greenville NC Real Estate Sales Statistics - January 2010

Greenville NC real estate sales for January show that the average sales price has increased by 8% to $221,964.  While pending sales have decrease by 9% when compared to January 2009.  Sold listings increased by 17% from 2009.  Market times have increased by 82 days or 48% from 2009.

Learn more about the Greenville NC real estate market by visiting our websites, LizFreeman.com and LizFreemanHomes.com.

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Information is provided by the Greenville Multiple Listing Service and is deemed accurate but not guaranteed.

Greenville Real Estate For Sale:

913 Bremerton Drive, Greenville NC 27858

MLS# 94051

Beautiful landscaping, mature trees and a mellow stone walkway lead guests to the inviting entrance of this stately Georgian Style home. The two-story foyer featuring beautiful moldings, transomed entry door, staircase and hardwood flooring lures guests to sophisticated living areas. The family room boasts crown molding, recessed lighting, chair railing, columns, archways, gas log fireplace with mantle, arched built-in display and storage area and hardwood flooring. This space is casual, comfortable and just right for family togetherness.

Nothing is spared in the spacious gourmet kitchen featuring heavy crown molding, recessed lighting, double stainless sink, premium white paneled cabinets, granite countertops, decorative tile backsplash, all stainless Jenn-Aire appliances, center island with vegetable sink, walk-in pantry, Butler’s pantry and ceramic tile flooring. Adjoining breakfast area has crown molding, chair rail, floor-to-ceiling windows with plantation shutters and ceramic tile flooring. Warm and welcoming, it’s a family center that lets the soul of the house shine through.

The formal living room with crown molding, recessed lighting, chair railing, gas log fireplace, arched built-ins, windows with plantation shutters and hardwood flooring provide the perfect setting for family heirlooms and antique furnishings, while arched doorways, crown molding, chair rail, recessed and chandelier lighting and gorgeous hardwoods offer an elegant, relaxed atmosphere in the formal dining room, perfect for old-fashioned holiday dinners with family and friends, or romantic candlelit moments with that special someone.

Cheerful and relaxing, the spacious sunroom boasts crown molding, ceiling fans, recessed lighting, chair railing, lots of tinted windows that flood the room with an abundance of light, full bar with sink, glass front glassware storage, wine rack, icemaker, storage drawers, Bose speakers and hardwood flooring. Overlooking the beautiful backyard, it’s a sophisticated, all purpose room where you can eat, drink and enjoy good times and good company.

The master suite, located at the North end of the home, has recessed lighting, ceiling fan, crown molding and plush carpeting. En suite bath is enhanced by separate his and hers full vanities with storage, walk-in shower, whirlpool tub, steam bath, linen closet, spacious his and hers walk-in closets, windows with plantation shutters and ceramic tile flooring. It’s a luxurious space where you can lavishly indulge and let the crush and confusion of the day’s routine melt away.

Three additional bedrooms upstairs have crown molding, lighted ceiling fan, windows with plantation shutters and carpeted flooring. Two hall baths; one with double vanity, garden tub, separate shower and second with single vanity, stand alone shower and large storage closet provide stylish comfort and privacy for children or overnight guests.

Over the attached double car garage, with electric doors and lots of storage, you’ll find an extra large bonus room with ceiling fan, recess lighting, built-ins, windows and carpeting. This multi-purpose room could serve as an ECU room, home office, game room, or Mother-in-Law suite. The possibilities are endless! With a winning combination of elegance, warmth and charm, this home, located in the prestigious Bedford community, is formal, yet inviting. The best of everything has gone into this stunning home….the only thing missing is you! Call Liz today at 439-4000!!

Learn more about 913 Bremerton Drive and other Greenville real estat for sale by visiting LizFreeman.com, LizFreemanHomes.com, and HomesofGreenvilleNC.com.

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1. Become familiar with the new first-time home buyer federal tax credit.

People who are considering the purchase of their first home, or have not been home owners for at least the past three years can gain great benefits from the first-time homebuyer tax credit. According to FederalHousingTaxCredit.com, qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before May 1, 2010 will receive a tax credit of up to $8,000. Unlike past tax credits from 2008, the money received does not have to be repaid, unless the homebuyer sells the property with in three years.

2. Determine what is reasonably affordable.

Prior to beginning the hunt for the perfect home, it is important to find an affordable price range. Many factors such as money available for a down payment, eligibility for a loan, and monthly mortgage payments, all play a role in determining what the buyer can comfortably afford. Total monthly mortgage payments should be, on average, approximately 30 percent of one’s gross monthly income. Affordability or loan calculators found on the internet can give a good idea of what is affordable. Before seriously inquiring the purchase of your first Greenville NC home it is important to have a consultation with a knowledgeable financial advisor.

3. Deciding where and what

Once an affordable price range is determined, it is time to decide where you want to live and what you are looking for in a home. Whether staying with in the same general area, or looking for a new location, it is crucial to do a fair amount of research on the area and its demographics. For example crime rates, school districts, shopping, medical facilities, and travel, are all important factors have to be considered since they could affect your everyday life. It is also essential to know what you are looking for in a home. Separate lists of essential needs and wants should be carefully thought out towards the beginning of the home search. The list of basic needs should include things such as minimum square footage, number of bedrooms and bathrooms, location, and price. The want list should be compiled of things that would be nice to have, such as pools, big yards, and gated communities. 

4. Find a knowledgeable Real Estate professional

Finding and purchasing a home is a complicated, overwhelming experience, which should be nothing but exciting. Working with an experienced real estate agent can make the process run smoothly and be more successful. The chances of finding the perfect Greenville NC home are significantly increased when put in to the hands of the right real estate professional.

Learn more about how we can help you purchase a home by visiting LizFreeman.com, LizFreemanHomes.com and HomesOfGreenvilleNC.com or give us a call for more personal service.

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Greenville Homes For Sale:

4005 Randy Lane, Winterville NC 28590

MLS# 93888

Designed with distinction, you’ll feel the charm, warmth and traditional elegance when you enter the one story home close to schools, shopping, restaurants and theaters. The foyer, with crown molding, chair rail, 10’ ceilings and hardwood flooring opens into the spacious comfy-cozy great room with crown molding, lighted ceiling fan, chair rail, plush carpeting and double-sided fireplace that is shared with the airy sunroom. Beautiful archways lead from the great room into the bright, cheerful sunroom featuring a ceiling fan, crown molding, chair rail, double-sided fireplace and floor-to-ceiling windows, making it a perfectly serene spot for savoring the warm Carolina sunshine. The sunroom exits onto a rear, vinyl-fenced patio area.

Efficiently designed, the U-shaped kitchen offers 10’ ceilings, heavy crown molding, double stainless sink with window view, granite countertops, built-in microwave, lots of warm wooden cabinets, smooth top range, dishwasher, disposal, pantry, breakfast bar and kitchen nook. Crown molding, chandelier, chair rail, large arched window and gleaming hardwood floors complement the formal dining room and provide the perfect setting for treasured antiques and elegant entertaining. A spacious walk-in laundry room with lots of cabinets, clothes rack and washer/dryer hook-ups keeps everything handy and out of sight while a full hall bath with vanity, tub/shower combination and ceramic tile flooring also provides function and convenience.

Comfort and coziness characterize the roomy master bedroom with vaulted ceilings, ceiling fan, new carpeting, large windows, fireplace, and walk-in closet; it’s just as inviting during the day as it is at night. The master bathroom boasts a double vanity with storage, corner whirlpool tub with window view, separate shower, private water closet and ceramic tile flooring. The master suite provides an oasis of comfort and relaxation that help the day’s routine peacefully melt away. Two additional bedrooms offer ceiling fan, ample closet space and carpeting, providing plenty of room and privacy for children or overnight guests. With an efficient heat pump and low monthly HOA fees, this home will fit your needs and your wallet.

Enjoy a beautiful club house and swimming pool just a few steps from your home. This property is convenient to everything you want. Call Liz Freeman, 252-439-4000 to schedule a showing today! Don’t miss out!

Learn more about 4005 Randy Lane and other Greenville homes for sale by visiting LizFreeman.com, LizFreemanHomes.com and HomesofGreenvilleNC.com.

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Calculating Capital Gains

(+) PURCHASE PRICE - Price paid for property

(+) COST OF PURCHASE - Transfer fees, attorney fees, inspections

(+) COST OF SALE - Repairs, commissions, attorney fees, inspections

(+) COST OF IMPROVEMENT - Room additions, deck, for example, though not replacing existing

(=) ADJUSTED COST BASIS OF YOUR HOME

(-) AMOUNT YOU SELL YOUR HOME

(=) CAPITAL GAIN

A Special Real Estate Exemption for Capital Gains

Even though the above calculation may indicate you owe Capital Gains, there is a special real estate exemption. Since 1997, up to $250,000 in capital gains ($500,000 for a married couple) on the sale of a Greenville home is exempt from taxation if you meet the following criteria:

• You have lived in the home as your principal residence for two out of the last five years.

• You have not sold or exchanged another home during the two years preceding the sale.

NOTE: As of 2003, you may also qualify for this exemption if you meet what the IRS calls "unforeseen circumstances" such as job loss, divorce, or family medical emergency.

Learn more about selling your Greenville home by visiting LizFreeman.com. LizFreemanHomes.com and HomesofGreenvilleNC.com.

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Always consult a tax attorney regarding current tax laws.