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14983 Patrick Meadows Way
Montpelier, VA 23192
$895,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3596
Property Description
Indulge in the serene ambiance of this exceptional Stylecraft Country Estate home, nestled on 10.35 sprawling acres where you can bring your beloved horses. Step into luxury through the exquisite Wexford Glass glass door, welcoming you into a grand foyer boasting an open layout. On the main level, lofty 9-foot ceilings grace the living spaces, including a cozy living room, a stately office adorned with French doors, and a formal dining room featuring elegant wainscoting, crown molding, and a tray ceiling. The expansive kitchen, complete with granite countertops and a pantry, seamlessly flows into the great room, where a gas fireplace adds warmth and charm. A morning room, deck, and screened porch offer delightful spaces for relaxation and entertaining, while a convenient laundry room leads to the attached three-car garage. Upstairs, the opulent master bedroom awaits, boasting dual closets and a lavish ensuite bath featuring double sinks and a jetted tub. A second master bedroom with a private bath and two additional bedrooms ensure ample accommodation options. Ascend to the third floor, where a vast unfinished room holds endless potential, already equipped with a fully plumbed bath. This residence is thoughtfully designed with practical features, including pre-wiring for a generator, a deep well, and irrigation system. Approximately 25 minutes from the vibrant Short Pump area, the property exudes a serene countryside ambiance, complemented by neighboring estates housing horses. Discover a natural spring and creek on the grounds, while the meticulously maintained rear portion awaits your vision for a horse stable or barn. This property presents a rare opportunity to embrace the quintessential country lifestyle without compromising on luxury or convenience.
Property Information
Lot Size
10 acre(s) square ft
Property Type
Residential
Year Built
2005
MLS Number
2406321
Location
Address
14983 Patrick Meadows Way
City
Montpelier
State
VA
Zip Code
23192
County
HANOVER
Listing
Provider
Virginia Capital Realty, LLC, original listing
Name
Virginia Capital Realty, LLC
Phone
(804) 545-6300
Office Name
Virginia Capital Realty
Office Phone
(804) 545-6300
Agent Name
Ron Disanto

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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.