New Cary Listing - 129 Luxon Place

129 Luxon Place, Cary, NC 27513 (MLS # 1937100)

(all data current as of 3/19/2014)

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Price	$135,000
Beds	3
Baths	2 full
Home size	1,302 sq ft
Lot Size	871 sq ft
Days on Market	2

Remodeled 3 bdrm w/ basemt.NEW granite counters, laminate wood, carpet, paint, bath cabinets,light fixtures & door hardwre. HVAC, water heater, refrig. & range hood are less than 3 yrs old. Deck & patio. Walk out back to Bond Lake trail. Pool, clubhouse & playgrnd. Washer&Dryer.1-year home warnty. Great location. Quiet community. Only min. to shopping, restaurants & dwntwn Cary.

Property Type(s):
Townhouse, Residential

Last Updated	3/19/2014	Tract	Oxxford Hunt
Year Built	1986	Community	005 - Cary/Morrisville
Garage Spaces	n/a	County	Wake
Total Parking	n/a	Walk Score ®	26

Schools

Elementary School	Wake - Briarcliff
Middle School	Wake - Reedy Creek
High School	Wake - Cary

Additional Details

Features

A/C	A/C Age 0-3 Years, Central Air
Basement	Yes
Basement Description	Heated
Bedroom 2 Floor	Second
Bedroom 3 Floor	Basement
Bedrooms First Floor	No
Category	Residential
Deck Floor	Main
Design	2 Story
Dining	Living/Dining Room
Dining Room Floor	Main
Equipment/Appliances	Cooktop ? Electric, Dishwasher, Disposal, Dryer, Refrigerator, Washer
Exterior Features	Swim Pool/Priv. Com, Walking Trails
Exterior Finish	Brick Front
Family Room Floor	Main
Fireplace	1
Fireplace Desc	Masonry
Flooring	Carpet, CerBath Flr, Laminate
Fuel - Heat	Electric
Garage	0
Heating	Forced Air
Interior Features	Cable TV Available, Ceiling Fan, Granite Counter Tops
Kitchen Floor	Main
Listing Type	EA-Exclusive Agency
Master Bedroom 1st Floor	No
Master Bedroom Floor	Second
Neighborhood	Ashcroft
New Construction	No
Other Rooms	Utility Room
Parking	Assigned Spaces
Patio Floor	Basement
Primary Type	TOWNH
Property Type	Townhouse
Roof	Shingle
Style	Colonial
Utility Room Floor	Basement
Washer/Dryer Location	Basement
Water Heater	Electric
Water/Sewer	City Sewer, City Water

Location

Listing information deemed reliable but not guaranteed.
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(view all details for MLS #1937100)

New Cary Listing - 129 Luxon Place

Time Heals Credit Wounds Too!

Tough times happen and the desire to own a home does not often go away with the loss of a home.  If you participated in a deed-in lieu or short sale transaction, be patient.  You will be able to purchase again.  Just be sure to maintain at least 2-3 credit lines with good payment history and save as much as you can.

Deed in Lieu of Foreclosure and Short Sales are transactions that are completed as alternatives to foreclosure. A deed-in-lieu of foreclosure is a transaction in which the deed to the real property is transferred back to the servicer.   A pre-foreclosure sale or short sale is the sale of a property in lieu of a foreclosure resulting in a payoff of less than the total amount owed, which was pre-approved by the servicer.

So how long do you have to wait before purchasing a new house? I gathered the information below from a local lender last month.

• 2 years out, you should be able to finance up to 80% along with a 2nd mortgage to 85%
• 4 years out, you can go to 90%
• 7 years out, you can qualify for all programs.  However, a two-year waiting period is permitted if extenuating circumstances can be documented

As always, feel free to contact me with questions.