Featured Home! 52 White Oaks Circle
Posted by The Cobb Group on
Cute as a button. This darling Rose Hill gem with the bright red door and beautiful golf views from almost every room in the house boasts 3 comfortable bedrooms. This home is light and bright. It is convenient single-story living that offers a terrific flow from the kitchen, living room, and dining rooms. The wood floors are stunning. This home has a spacious and updated eat-in gourmet kitchen with a pantry and laundry room. There are 2 fireplaces and built-ins and storage galore. A peaceful screened porch off the back leads to a large patio. It is located in a gated golf community and is a nature lover's paradise with 24-hour security, tennis, golf, 50-acre Bill Baker park with miles of trails for walking/biking, and multiple pools.
52 White…
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If you recall, the real estate crash of 2008 resulted in approximately a 30-35% reduction in housing value across all of the gated communities in the Lowcountry. There had been a “run up” of prices built on a panic buying of “flip” buyers owning many properties outside their financial capabilities. Banks were lending money like it was water, and when the world stopped in September 2008 banks and locals were caught with an enormous amount of useless debt and foreclosures were everywhere. The irresponsible buying and lending resulted in the collapse of a glass house of poor real estate decisions. Fortunately, most communities recovered their value over the years and recently escalation has been through the roof. What’s different this time as the real estate…
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