Grace Cove Lane Sold in Wake Forest NC

Grace Cove Estate at Falls Lake

(SOLD) Exquisitely Designed Grace Cove Estate Home on 30 plus private acres adjoining Falls Lake! Heavily wooded, gated, paved drive, 8000+ square feet, pool and more! $2,395,000

Two story foyer at custom marble-tiled entryThis exceptional property is located just minutes from Falls Lake and close to both Raleigh and Durham. Built in 2008, the custom five bedroom, seven full bath home offers all of the amenities including an open floor plan, HUGE kitchen, first floor master, four car garage with bathroom, a two car garage/workshop downstairs, outdoor porches and patios, pool, custom waterfall and Koi pond, and attentive landscaping throughout.

Interiors feature ten foot ceilings on the first floor with five piece crown molding, heated floors, domed stained glass, a two story foyer with custom marble, arched doorways, elevator, extensive custom mill work, custom wrought iron, heart of pine floors, granite vanities, an extensive security system and so much more. Over 1,200 sq. ft. of unfinished space and storage! Poolside covered entertainment area

The quartz counter tops in the kitchen are matched with stainless steel appliances and Sub Zero freezer. There are two fireplaces with wood stove in the library along with wormy chestnut paneling, and please remember the home gym and craft room.

The first floor master suite is spacious with extra sitting room, onyx vanity tops, large garden bath with heated jacuzzi tub, separate walk-in steam shower, and extra large his & her closets, both completely cedar lined.

The well-landscaped exterior include two private automatic gates, paved drive, 5000′ of galvanized fencing, two wells with water filtration system, all on 30 plus acres! Call brokers Frank Gombatz (919)-696-4249 or Gardner Reynolds (919)-749-3177 for details.



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Finding a Loan for a Rural Land Purchase

If you are looking to buy rural property, finding a loan that meets your budget and your repayment terms is critical to the success of the purchase. However, many buyers don’t take the time to research loan options before they make an offer for a property. Here are a few tips to help you find the right loan for your rural land purchase.

Find a Lender Who Specializes in Rural Land

Before you get started, it is important that you recognize that buying rural land is different than buying a home. First, you should find a lender who specializes in financing rural land and farms. These lenders have more interest in finding you the best loan products that are available on the market. In addition, by finding someone who specializes in this area, you can also find someone who you can work with over the long term.

Work With Someone Who Understands North Carolina Rural Land Markets

In addition to finding a lender who specializes in North Carolina rural land, go with someone who has in-depth knowledge of the local markets. Agricultural conditions in North Carolina can vary greatly from region to region and it is important that you find someone who understands these differences. The lender should understand the ins and outs of dealing in North Carolina rural land for sale including land values, appraisals, water and mineral rights, animal stocking, crop yields and all of the other details that come along with using land for agricultural purposes.

If you are purchasing land for commercial farming purposes, you must be sure that the loan will meet your repayment term needs so that you have the available capital to finance your agricultural operation. Without the right loan, you may risk making your agricultural venture unprofitable. Therefore, you should not take risks when it comes to finding the right loan.

Find a lender Who Will Work With You Through Challenging Economic Times

Weather and economic conditions can have a huge impact on your profits. As a result, you will want to find a lender who can work with you through the up and the down times. If things aren’t going as well as you planned, working with someone who has local expertise can provide you with the leeway that you need until things turnaround.

Find a lender who can accommodate your cash flow needs, as well as, finding better options to benefit your needs, such as refinancing when interest rates go lower. Finding someone who has your best interests in mind will ensure that your business venture goes well.

In addition to finding the right terms for a loan, it is important that you do your homework. You also need to be clear and realistic with lenders about the budget that you will need to meet the repayment terms of the loan. You should also take the time to do some research on the type of land that you are looking for to ensure that the property meets your needs. Your lender may also provide you with a variety of different options so you should also be open to alternatives. Finally, make sure that you will be able to fulfill the requirements for a loan and make sure that you get these items in order before you apply. By following these steps, you can improve the odds that you will be able to find a rural land lender who you will be able to work with for years to come.

Legacy Farms and Ranches of North Carolina is a marketing real estate platform for North Carolina rural land. Our local North Carolina real estate agents can help you to find North Carolina vacant land for sale. Give brokers Gardner Reynolds a call today at (919) 749-­­3177 or Frank Gombatz (919) 785-4249  and get answers to your land buying questions now.