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2689 Kingsmere Drive
Goochland, VA 23153
$699,950
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
3747
Property Description
Have you ever dreamed of owning your own private oasis? Well, dreams can come true! Nestled on a hill surrounded by three private wooded acres, this beautiful home offers resort-style living in rural Goochland County, with all the conveniences of a well- established neighborhood. As you enter, you will immediately be impressed by the beautiful hardwood floors and the expansive spaces & open flow, as you move from the formal dining room, home office, and living rooms. The large eat-in kitchen features ceramic floors, white cabinetry and granite countertops. The kitchen is flanked by two generously sized living rooms, perfect for hosting gatherings for family & friends. Relax in one spacious living room with beautiful French doors and Palladian windows that fill the room with wooded views and morning light. The other delivers the intimate comfort of a wood burning fireplace (with a gas log) and leads to a screen porch that overlooks the gorgeous fenced yard, patios, & pool. The large downstairs primary bedroom suite boasts a cathedral ceiling, private porch access, and a grand en-suite bathroom with two walk-in closets and dual vanity. Upstairs, the second primary suite features a large walk-in closet and a light, spacious bathroom with a garden tub & shower. Three additional upstairs bedrooms are all good-sized, with generously sized closets, dormer storage space, a laundry room with utility sink, and a hall bath with dual vanity. Finally, there is a full third-floor walk-up, for all of your storage needs. The super private backyard of this home is amazing and features beautiful mature plants, an ornamental Koi pond and a sparkling pool for those ideal summer days! The neighborhood is lovely to walk or bike and features reliable high-speed internet, two lakes for kayaking, fishing, tennis courts and a picnic pavilion.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
1996
MLS Number
2407591
Location
Address
2689 Kingsmere Drive
City
Goochland
State
VA
Zip Code
23153
County
GOOCHLAND
Listing
Provider
Providence Hill Real Estate, original listing
Name
Providence Hill Real Estate
Phone
(804) 405-0015
Office Name
Providence Hill Real Estate
Office Phone
(804) 512-4999
Agent Name
Jacques vonBechmann

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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.