Home for Sale at 11 DEERBERRY DRIVE, MAGNOLIA, DE 19962

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11 Deerberry Drive
Magnolia, DE 19962

Lydia Ragonese with Compass, original listing - (302) 202-9855

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Property Details

List Price:	$495,000
Beds:	4
Baths:	Full: 3, ½: 1
Status:	Active
SqFt:	3233 Square Feet
Agency:	Compass
Agency Phone:	(302) 202-9855

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	2013
Notes:	Welcome to 11 Deerberry Drive, a delightful gem nestled in the charming Meadows at Chestnut Ridge community in CR school district, Magnolia, DE! <br /> <br /> This home is a showstopper with its harmonious blend of comfort and style, offering 4 spacious bedrooms, 1 bonus room, and 3 1/2 baths, finished basement, and a plethora of amenities that are sure to impress. <br /> <br /> Step inside to discover a functional kitchen that boasts a central island, and an abundance of beautiful cabinets. The kitchen is equipped with stainless steel appliances, including a range and refrigerator, making it a cook's delight. <br /> <br /> The open layout flows seamlessly to a cozy living area, highlighted by a gas fireplace that promises warm and inviting gatherings. The primary suite is a true retreat, featuring a walk-in closet and a private bath. You will love the finished basement which includes the bonus room and a full bath.<br /> <br /> Outside, enjoy the privacy of a shed, vinyl fenced backyard, gazebo, and deck, perfect for outdoor activities. The corner lot enhances the home's curb appeal, complemented by a wide front porch that invites you to unwind. The exterior also features a cost saving well for the exterior underground sprinkler system. The community fosters a vibrant neighborhood spirit.<br /> <br /> Don't miss out on the opportunity to own this home with its wow factor and more. This is a must see to fully appreciate the pride of ownership that shows in this carefully maintained home. <br /> <br /> Experience the joy of living in Meadows at Chestnut Ridge, close to Dover Air Force base, and major highways.<br /> <br /> This sale is contingent on the sale and settlement of seller's purchase of a home. <br /> Booties are provided, remove shoes or wear booties.
MlsNumber:	--
ListingId:	DEKT2034560

Listing Provided By:	Compass, original listing
Office Phone:	(302) 202-9855
Agent Name:	Lydia Ragonese
Disclaimer:	Copyright © 2025 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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