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1706 N Park Dr #7
Wilmington, DE 19806
$969,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
--
Property Description
Located in the ""Old Mill""� section of Brandywine Park Condominiums, this condo is over 3,800 square feet, it is the only 3-story unit in the building, it has multiple private entrances, and it has its own elevator! If you are looking for lock-and-leave living, privacy and security, and a tremendous amount of space, then this is the condo for you. The impressive stone and brick building that once served as the Augustine Paper Mill was converted to condos in the 2000's. This unit is the largest in the building with architecturally impressive features throughout like exposed stone walls, brick archways, a blackened steel fireplace that spans two full levels, a loft with dramatic views of the living space below, deep windows with custom cherry sills, soaring vaulted ceilings, and the list goes on. You simply will not find another property like this in the area! You can enter at street level, or via your own private elevator from the two assigned parking spaces in the covered garage. The large, open foyer has gorgeous maple hardwood floors that carry throughout the condo. Also on this level is the laundry room, a bedroom with en-suite bathroom, an expansive primary bedroom suite with bathroom, Finlandia sauna, two closets - a custom walk-in closet and another reach-in closet, and an 11 'x 20' covered patio with room to garden and have potted plants. A modern, maple wood staircase leads you to the second level which is where you'll find an open concept dining room and living room with a fireplace and exposed stone walls! This is THE perfect space for entertaining and hosting parties. A deck with plenty of room for eating or lounging has peaceful views of the Brandywine River. In the eat-in kitchen, you'll find granite countertops, and sleek cherry wood cabinets. Adjacent to the kitchen, there is a room that can be used for a variety of purposes; a den, an office, or anything you can imagine. It is a stunning room with a fully exposed stone wall, and brick arches. A large powder room is central on this floor for easy access by all. On the third floor, there is a full bathroom, and a room which could serve as a bedroom, a home gym, a craft room, an office, or whatever you need. But the best part about this level is the huge, open loft which is ready for anything you envision! Want a fun game room? Here it is! How about a space to gather and hang out? You got it! Dreaming of a palatial home office? It would be a dream to work here! Looking to make an additional bedroom, close this in and enlarge the bathroom to make a stunning retreat. Looking over the loft railing, you have dramatic views of the second floor.Secure living, in a modern mill condo comes with not just privacy, but also many amenities! Brandywine Park Condominiums residents can enjoy the outdoor pool, a fitness center, shared outdoor areas, a Community Room, a dog park, and more. Yes, BPC is pet-friendly too! An additional benefit to the new owner of this stunning condo, because it is located in New Castle County, you do not have to pay city wage taxes. Do not wait to see this one-of-a-kind offering!
Property Information
Lot Size
-- square ft
Property Type
Common Interest
Year Built
1900
MLS Number
DENC2060740
Location
Address
1706 N PARK DR #7
City
WILMINGTON
State
DE
Zip Code
19806
County
NEW CASTLE (WILMINGTON)
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
Greenville
Office Phone
(888) 536-0216
Agent Name
Kyle M McKean

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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.

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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.