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33079 Secluded Path
Millsboro, DE 19966
$627,500
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
2961
Property Description
Live Country Club life, in exquisite low-country style. This home is nestled in 'the Conservancy' a tranquil neighborhood within the private community, The Peninsula. Seller is allowing the transfer of the Sports Club Membership to the new owner ($25,000 value)! Live beautifully, surrounded by nature in this fully appointed three-story Miller and Smith carriage home; featuring brick masonry accents, freshly painted ‘Weatherwood’ Cement Siding, and equipped with a natural gas furnace, natural gas hot water heater, and sprinkler system throughout. The home offers three porches and a rear brick patio to enjoy woodland views. Alcoves on every floor create space to easily retrofit a private elevator. Enter through the oversized, two car garage or through the main level receiving foyer. Carefully decorated and well maintained, the open floorplan is designed for luxurious functionality and features numerous upgrades and custom details. The bright and open living space features immaculate hardwood flooring, elegant, upgraded moldings, a natural gas fireplace and access to a charming covered screened porch, facing mature trees. Perfect for entertainment, the oversized dining room is the width of the home, and comfortably fits a twelve-foot dining table! Pass through the double French doors for cocktails on the covered porch, facing the courtyard. The butler’s pantry leads into the spacious gourmet kitchen with oversized island, custom paneled refrigerator, porcelain double sink, gas range, double wall ovens, and black granite countertops. Open to the kitchen, the large family room and breakfast area have southwest exposure for an abundance of natural light and allow a flexible furniture plan. Ascend the open staircase to the loft area with access to the covered veranda, two ample guest rooms, and a guest bath with double vanity. The separate laundry room is conveniently located on the bedroom level. A spacious primary suite is highlighted by a tray ceiling, six (6) windows in the sitting area at tree level, and two walk-in closets. The primary bath includes a double vanity, soaking tub, separate shower and private water closet. Descend to the lower-level family room on the customized staircase, adorned with rowboat oar railings and nautical rope details to find the family room's second gas fireplace with custom mantel/surround. The family room also has access to a charming garden level brick patio with gas grill hook up. This lower level is complete with a guest bedroom, ensuite bath and walk in closet, as well as the oversized two car garage and utility room. Enjoy this amenity rich private enclave surrounding the Jack Nicklaus signature golf venue masterpiece. Club Membership is mandatory (at one of three tiers) in this carefully planned community, featuring four pools, state of the art fitness center, full-service spa, private beach, nature center and an award-winning clubhouse! And the $25,000 Sports Membership could be yours with purchase of this property! Please see attached documents for details. Seller will allow the transfer of Sports Club Membership to Buyer...
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2007
MLS Number
DESU2053200
Location
Address
33079 SECLUDED PATH
City
MILLSBORO
State
DE
Zip Code
19966
County
SUSSEX
Listing
Provider
Jack Lingo Realtor, Inc., original listing
Name
Jack Lingo Realtor, Inc.
Phone
(302) 227-3883
Office Name
Jack Lingo - Rehoboth
Office Phone
(302) 227-3883
Agent Name
Zane Jones

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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.