Foreclosure for Sale at 125 NOBLES POND CROSSING, DOVER, DE 19904

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Foreclosure: 125 Nobles Pond Crossing
Dover, DE 19904

Marlene Frederick with Century 21 Home Team Realty, original listing - (302) 645-1260

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Property Details

List Price:	$425,000
Beds:	3
Baths:	Full: 2
Status:	Active
SqFt:	1606 Square Feet
Agency:	Century 21 Home Team Realty
Agency Phone:	(302) 645-1260

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Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	2014
Notes:	Welcome to Nobels Pond an active retirement community.<br /> Here you are welcomed by a well-maintained ranch home with the open concept floor plan that you have been looking for. As you come up the entrance way you will be welcomed by the seller's beautiful flowers, plants and vegetable garden with an irrigation system and a lovely front porch. When you enter the foyer, you are greeted by a nice size Livingroom with large windows overlooking the front porch. The Dining Room has plank flooring and recessed lighting. that leads to a lovely Sunroom.<br /> The Kitchen has a nice size pantry and plenty of storage in the 42-inch maple cabinets and even a window over the sink. Sunroom has abundance of windows to enjoy your lovely day while you read that novel you have not had time for previously. In the Sunroom is the glass sliding door leading to the patio and back yard. You will enjoy the seller's landscaping and foliage as she loves to garden<br /> To the left of the Livingroom there are two bedrooms and a full bath with tub.<br /> The bedrooms are a nice size with abundant closet space, large windows to allow for plenty of sun light and ceiling fans for comfort. On the other side of the home, you will find the owner's suite with tray ceiling, large walk-in closet and an ensuite with double vanity and linen closet. There is recessed lighting throughout the home and ceiling fans for comfort. Garage is a two-car garage with pull downstairs and floored attic for more storage. The home sits on a nice size corner lot.
MlsNumber:	--
ListingId:	DEKT2030974

Listing Provided By:	Century 21 Home Team Realty, original listing
Phone:	(800) 447-7711
Office Phone:	(302) 645-1260
Agent Name:	Marlene Frederick
Disclaimer:	Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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