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There currently is (3) 4 week timeshares available at 75 E Dogwood Trail for $55,000 each. Timeshares are available in June, July & August and the timeshare buyer acquires exclusive use of the 3500+ sq. ft. house and more than a 1/2 acre of canal front property. There is a $1450 monthly maintenance and upgrade fee which includes signifi
There currently is (3) 4 week timeshares available at 75 E Dogwood Trail for $55,000 each. Timeshares are available in June, July & August and the timeshare buyer acquires exclusive use of the 3500+ sq. ft. house and more than a 1/2 acre of canal front property. There is a $1450 monthly maintenance and upgrade fee which includes significant improvements to 75 E Dogwood Trail during the non-summer months. Improvements within the first 12 months include an indoor pool, deck and roof addition (similar to the picture), 3rd bathroom and 6-7 person jacuzzi tub. Future plans include extensive upgrades to the entire property and the purchase of a jetboat and beach cart. Longterm goals (In about 5-6 years) include the installation of a lazy river (a pool shaped like a river with moving water that allows people to continuously float on boats and tubes in circles).
Timeshare purchases require a coordinated closing date for all 3 timeshares so financial obligations to the existing $520,000 mortgage on the property can be arranged. A closing attorney will also be required to structure the agreement to meet all local codes.
A 3 month summer timeshare is available with no money down at 75 E Dogwood Trail. The timeshare buyer is required to obtain a mortgage of at least $520,000 with the current owners to pay the existing $520,000 mortgage (current owner will be responsible for $155,000 of a $520,000 mortgage). A $365,000 cash purchase for the timeshare will
A 3 month summer timeshare is available with no money down at 75 E Dogwood Trail. The timeshare buyer is required to obtain a mortgage of at least $520,000 with the current owners to pay the existing $520,000 mortgage (current owner will be responsible for $155,000 of a $520,000 mortgage). A $365,000 cash purchase for the timeshare will not require the buyer to sign any loans. The timeshare buyer acquires exclusive use of the 3500+ sq. ft. house and more than 1/2 acre of canal front property for 3 months. The current owners will be occupying the property the other 9 months of the year and are responsible for all maintenance, taxes and insurance. The timeshare buyer is permitted to rent the property out to vacationers after acquiring adequate liability insurance to cover vacation rentals. Vacasa provided a rental projection indicating 75 E. Dogwood Trail could gross about $100,000 per year from Memorial Day to Labor Day after the property had an indoor pool installed, bowling alley arcade machine and was completely updated to accommodate 14 people. Building this one of a kind vacation rental which could be marketed with a "7 days of swimming guarantee" theme would require the timeshare buyer to sign for a cash-out mortgage with the current owner.
75 E Dogwood Trail is being offered as a "fix and flip" partnership under many different scenarios. The property has a $520K mortgage that the property owners can continue to pay during renovations and comparable canal front properties often sell for significantly more than $1,000,000 with some renovations that could be completed for un
75 E Dogwood Trail is being offered as a "fix and flip" partnership under many different scenarios. The property has a $520K mortgage that the property owners can continue to pay during renovations and comparable canal front properties often sell for significantly more than $1,000,000 with some renovations that could be completed for under $50,000 at 75 E Dogwood Trail. Call 610 842 3905 to schedule a tour of 75 E Dogwood Trail.
There are (2) No $ Down Co-ownerships available at 75 E Dogwood Trail. The basis of each No $ Down Co-ownership is the requirement that the existing $520,000 mortgage be paid. The existing mortgage can be paid with no money down by the co-owner signing a mortgage with the current owners and each owner will be responsible for their porti
There are (2) No $ Down Co-ownerships available at 75 E Dogwood Trail. The basis of each No $ Down Co-ownership is the requirement that the existing $520,000 mortgage be paid. The existing mortgage can be paid with no money down by the co-owner signing a mortgage with the current owners and each owner will be responsible for their portion of the mortgage. There are 2 different land divisions of 75 E Dogwood Trail to choose from. There has been a significant amount of view enhancement tree removal done since the aerial pictures were taken that allows Loblolly Marina views from both parcels, including where the 2nd house on parcel A would be built.
A Comparative Market Analysis (CMA) dated June 25, 2024 indicates the current suggested price is $802,055 with a price range from $762K-$842K. Lots of improvements have been made since June 25, 2024 but the CMA gives you a good idea what comparable homes are selling for.
After lofts are added there still will be about 600 sq. ft. of storage space which the current owners can use to store personal possessions and even allow their co-owners to store their own possessions from mattresses, to couches to their own kitchenware. Current owners will swap possessions from storage to the living area for the co-owners at no cost to the co-owners!
WHALEY FUN RETURNS LLC
75 E. Dogwood Trail, Southern Shores, NC 27949
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