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31030 Starling Rd #110d
Ocean View, DE 19970
$625,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
--
Property Description
Spacious 3 BD/2.5 BA End Unit Townhome with 2 Large Lofts and a 2 Car Garage backs to pond & fountain (wait till you see herons fishing in that pond from your Sun Room!) in Award-Winning Bay Forest. Partial brick front. Leaded glass front door with transom window and storm door opens to gleaming wood floors in a Great Room that features a Cathedral Ceiling, Dormer Window and elegant Natural Gas Fireplace. The Great Room views two upstairs Lofts while flowing - with that same gleaming wood flooring - into an elegant Dining Area that boasts crown molding, chair rail molding, Plantation Shutters and a pass-through to the Kitchen beyond. The Dining Room also features a closet and a Powder Room beside the entry to the Kitchen. In the Kitchen, you'll find a premium tile floor, upgraded stainless steel appliances, a hood vent that vents outdoors above the electric cooktop, a backsplash, pantry and a large, granite-topped Island that can seat up to five for informal snacks & meals. There's also a tray ceiling and lots of light from recessed lighting fixtures. A large Den or Breakfast Room just beyond the Kitchen opens into a 3 Season Room through French doors while looking out onto a large Paver Patio and the Pond & Fountain beyond. There's a Powder Room right off the Kitchen. The Primary Bedroom Suite also views the 3 Season Room and Pond beyond while featuring W2W Berber carpet, a tray ceiling, ceiling fan, large walk-in closet, and bright Primary Bath with double vanity, stall shower and tile floor. Upstairs, 2 Lofts with Berber carpet overlook the Great Room. 2 Guest BDs with Berber carpet & ceiling fans overlook the Pond & lawns outdoors. There's also a Guest Bath with tub shower and a Utility & Storage Room. Beautiful window treatments throughout! Laundry Room with cabinetry adjacent to 2 Car Garage featuring an epoxy deck and storage solutions. Paver walk at side of driveway, with paver edge to lovely landscaping, proceeds along the side of the house to trash & recyclables storage and then on to an Outdoor Shower and the Paver Patio out back. A rear door from the 2 Car Garage opens onto this paver walk for easy access to both the trash & recyclables storage, Outdoor Shower and beyond. Too many more features and upgrades to list here. New Owner Capital Contribution: $1,916. $445 annual charge for water/sewer infrastructure. The National Association of Home Builders (NAHB) named Bay Forest a Platinum Award Winning ""Best in American Living"" community in 2019 as a community that ""maximized water and green spaces and created a nice sense of micro-communities inside the natural habitat. [Bay Forest Club] has a lovely pool and resort-like amenities and the outside of the (Recreation) Barn is spectacular."" So come enjoy our clubhouse with its lounge, grille, game room, Women's & Men's lockers opening to 3 pools (Lazy River!). And our 4 tennis courts (easily reconfigured for pickleball) & tennis pavilion, outdoor basketball nets, children's play areas, putting green, bocce lawns, horseshoe pits, volleyball space & fire pit. Not to mention Bay Forest's incredible Recreation ""ËœBarn' which accommodates a basketball court or three pickleball courts or 450 guests for New Years Eve and other celebrations! The Barn opens to a Great Lawn, two new pools & a new exercise facility featuring a gym, a dance/yoga studio (w/ resilient floors), Men's & Women's changing rooms & beautiful gathering spaces. Don't forget the Kayak Launch w/ kayak storage & expansive Indian River Bay & Bay Bridge views. Or the Herb Garden. Or the Summer Beach Shuttle. Enjoy amazing Salt Marsh views from our wooden Shearwater Drive Bridge crossing directly over Collins Creek to the Recreation Barn, Pools & Gym. 15+ Miles sidewalks. 5 Miles Bethany Beach. 2-YR-HOME-WARRANTY ($1,200 VALUE!). PRICED 2 SELL! So if you want to live in a Platinum Award-Winning ""Best in American Living"" community, join us here in Bay Forest Club! Must See, Priced to Sell!
Property Information
Lot Size
-- square ft
Property Type
Common Interest
Year Built
2007
MLS Number
DESU2055638
Location
Address
31030 STARLING RD #110D
City
OCEAN VIEW
State
DE
Zip Code
19970
County
SUSSEX
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
Bethany
Office Phone
(888) 536-0216
Agent Name
Joe Loughran

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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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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.