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109 Northview Drive
Hanover, PA 17331
$445,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3251
Property Description
This expansive home in a desirable, quiet neighborhood in South Hanover (Southwestern School District!) provides something incredibly unique - a TRUE second living space with private first floor entrance, full kitchen, living room, dining area, walk in closet, full bath and laundry. You will not find anything comparable for multigenerational living in the area! 109 Northview Dr is a stately split level home providing 3 bedrooms and 3 updated full baths in the main home, which also has updated flooring throughout the first level. The first level contains a large living room with bay window, fireplace, and open to the dining area. The centrally located kitchen provides lots of cabinet space and a gas stove. A back sun room/office is a flexible space for a variety of uses and provides internal access to the in law suite/apartment. There is also a slider to the large back deck overlooking the backyard, which backs to common space and a playground maintained by the township. The dual driveways and attached 2 car garage provide ample parking. The other jaw dropper about this home is the primary suite - the large bedroom includes a fully updated en suite bath with a double sink vanity, a walk in closet the size of a bedroom - it is massive and you need to see it in person! And an exit to a private deck balcony. The second level contains another bedroom and an updated full bath. The lower level has a large family room with fireplace, bedroom, another full bath, and a side exit to the garage. Finally, the lower level of the basement would be wonderful for a game room, office, additional living space, or lots of storage! The in law suite (occupant must be a family member) is very spacious and is really a home within a home. This property is packed with everything you want and contains so much versatile living space - you truly need to see it in person to appreciate it!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1989
MLS Number
PAYK2058458
Location
Address
109 NORTHVIEW DRIVE
City
HANOVER
State
PA
Zip Code
17331
County
YORK
Listing
Provider
VYBE Realty, original listing
Name
VYBE Realty
Phone
(410) 220-4648
Office Name
VYBE Realty
Office Phone
(410) 220-4648
Agent Name
Elisabeth Yeager

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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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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.