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3 Partridge Hill Road
Goochland, VA 23238
$1,600,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
6062
Property Description
This inviting country home is beautifully nestled on 3.43 acres in the charming Partridge Hills neighborhood. A sprawling brick and slate cape, its subtle profile unfolds into a marvelous mix of rural elegance and modern comforts. Hickory floors, expansive windows, gracious scaled rooms, custom cabinetry and updated systems combine with sweeping views in a bucolic setting, just minutes from schools and conveniences, making this property a unique standout. The custom eat-in kitchen offers Wolf double ovens and 5 burner gas stove, Bosch dishwasher, walnut and granite counters and a great view to the pond and barn. Flexible living spaces over three floors include numerous bedroom suites including a private guest suite, multiple living and gathering spaces, a rec room, office/study (or 7th bedroom) and excellent storage. Some upgrades include tankless hot water, security system with cameras, whole house generator, recessed lighting, solar shades in kitchen and family room, plantation blinds of front of house, electric rollout awning on primary bedroom balcony, gas fireplace in guest suite, invisible fence, lightening rods, county water hook up, radon system, below ground propane tank, solar panels, basement waterproofing, newer roof on barn and more. Mature trees, shrubs and perennial gardens invite pollinators and birds; the Stuart Turner barn is ready for your horses. River access, if desired, is less than 1/2 mile down Old Farm Road just out the back gate of this property. Members of the Partridge Hill Civic Association and James River Track Crossing Association enjoy deeded access to the river and its lowlands, perfect for picnics and water recreation such as kayaking, paddle boarding and fishing. 3 Partridge Hill offers utter tranquility just minutes from 288, shopping, restaurants, groceries, schools and other conveniences. A rare opportunity in the River Road corridor.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
1975
MLS Number
2409320
Location
Address
3 Partridge Hill Road
City
Goochland
State
VA
Zip Code
23238
County
GOOCHLAND
Listing
Provider
The Steele Group Sotheby's International Realty, original listing
Name
The Steele Group Sotheby's International Realty
Phone
(804) 282-3136
Office Name
The Steele Group
Office Phone
(804) 282-3136
Agent Name
Lisa Caperton

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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.