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38880 Point Drive
Selbyville, DE 19975
$980,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2700
Property Description
Breathtaking "St. George II" Model located on a rarely available premium lot with a stunning view of the bay in The Overlook. This home has been lovingly maintained and gorgeous curb appeal. The "welcome center" (foyer) features upgraded tile flooring that extends throughout the main level. The kitchen is a chef's dream and boasts a walk-in pantry, granite counter-tops, upgraded 42" soft-close cabinetry, tile backsplash, and a breakfast bar/center island complimented by modern light fixtures. The massive living room has large windows allowing ample natural lighting, and has access to the covered porch with a beautiful view of the bay. The second floor has recent laminate wood flooring, a very convenient laundry room, beautifully updated hall bathroom, and four generously sized bedrooms including the primary suite that has its own upgraded bathroom and walk-in closet. Remember the view from the covered porch on the main level? It's even better from the primary suite's covered porch/balcony! Additional features include: a Lutron Wireless Shade System throughout the home, shiplap paneling in the living room and both full bathrooms, recessed lighting, powder room, and is right across the street from the community's fire pit area. The Overlook has a community clubhouse with a fitness center, a community pool for the summer months ahead, and access to the marina! This home is located just minutes from the beach, a vast selection of restaurants and shopping, and major routes making your commute a breeze! This home truly demonstrates pride of homeownership!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2017
MLS Number
DESU2061784
Location
Address
38880 POINT DRIVE
City
SELBYVILLE
State
DE
Zip Code
19975
County
SUSSEX
Listing
Provider
Re/Max of Wilmington, original listing
Name
Re/Max of Wilmington
Phone
(302) 234-2500
Office Name
RE/MAX Elite
Office Phone
(302) 234-2500
Agent Name
Matthew Dutt

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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.

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USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.