Home for Sale at 5 EAGLE BLUFF STREET, FREDERICKSBURG, VA 22406

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5 Eagle Bluff Street
Fredericksburg, VA 22406

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Property Details

List Price:	$540,000
Beds:	2
Baths:	2
Status:	Active
SqFt:	2277
Agency:	RE/MAX 100

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	2009
Notes:	Welcome to 5 Eagle Bluff St.. The Zachary is the largest single family model offered in Celebrate. This home has a lot of privacy as it is located adjacent to wooded greenspace and within a short walk from the 30,000 sq. ft. Lodge that offers a complete gym, indoor & outdoor pools, tennis courts and banquet room with commercial kitchen. Those are just a few of the extraâ€™s that are included with this home and the Celebrate Lifestyle.<br /> The unique side entrance ushers you into the breathtaking entry with a view of the formal living & dining rooms and the den/office that affords privacy for working from home or reading that good book! The second bedroom and full bath are also on this side of the house and offers a lot of privacy for your guests. The open walkway to the back of the house opens to a large family room, kitchen w/granite counters & tile backsplash, eating area and sunroom. The fireplace adds warmth and charm to this area. You also have access to the patio from the sunroom. The laundry room and garage entrance is off the kitchen as well. The primary bedroom also offers privacy and features an ensuite bath with supersized soaking tub, separate shower, double vanity and generous walk in closet. <br /> This home offers formal and informal areas that can all be blended together and makes a perfect backdrop for family and friends to relax and enjoy the great life we all enjoy in Celebrate.
MlsNumber:	VAST2029078

Listing Provided By:	RE/MAX 100, original listing
Name:	RE/MAX 100
Phone:	(301) 258-7757
Office Name:	RE/MAX 100
Office Phone:	(703) 642-3380
Agent Name:	Brent Sweet
Disclaimer:	Copyright Â© 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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