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590 Truslow Road
Fredericksburg, VA 22406
$339,000
Conventional
Property
Bedroom
3
Bathroom
1
Property Type
Conventional
Square ft
1025
Property Description
Lovely Raised Brick Rambler hits the market on historic Truslow Road! Old neighborhood feel on rolling uphill curvy Country become City Road in rapidly developing FXBG Zip / Falmouth / South Stafford County! This could be a First Home for your family or it could be a great income producing rental, an asset either way. The large lot appears to the Lister to be near an acre - it isn't in the tax record as several adjacent ones are not! The front view of the home is quasi-territorial as Truslow Rd is on a ridge climbing above the heavy mature forest bounding both sides of Falls Run. So the Lot backs to trees and likely permanent privacy. (Lots of birds, and critters like deer.) Intrepid explorers might enjoy the woods. The small front yard is fully-fenced, perfect for pets.. The Back Yard is Humongous. BBQ on the paver patio overlooking the yard and woods, just outside the walkout unfinished basement. There's a very nice shed. Driveway was recently sealed and the side retaining wall strengthened. The roof is new within last couple of years. HVAC is newer. Flooring on the main level is newer. Chimney remains, but full renovation that occurred in 2003-2004 removed fireplace and sealed chimney. Entering the front door or from the side you're in a large and comfortable Living Room lit through big newer triple window(s) facing NE (lots of ambient light!) There's room for life, family, friends, cats, mutts whatever. Large ceiling fan will chill the folks and blow the fur. The home is freshly painted in tasteful colors. Attention has been paid to details like trim that pops and new faceplates. There's a roomy well-equipped Kitchen just around the corner from the living room to keep all supplied and there's room for table and chairs. The kitchen windows have a view of the entire back yard and those of the neighbors as well as the Falls Run Forest. Cooking is electric. Sink is double. Microwave is new. Other appliances are older but get the job done. Access to the walk-out unfinished basement is from the rear of the kitchen. But before that, let's see the rest of the main level. A short hallway leads to three restful Bedrooms, two of them sizeable and equipped with ceiling fans, one of them a bit smaller. The side door of the living room accesses what was once a canopy carport, now a screened in porch or wonderful indoor / outdoor sitting room. This is unheated. The huge basement underlies the entire home except the former carport area. Laundry is there as well as other utilities. W/D are "As Is." But, they work. There's a water treatment system which handles city water. (Keep salt at level marked. Serviced 2024. Service provider's contact available.) There is a tub for washing your dog(s), not recommended for cats. Bottom of the main level floor is well-insulated. New door is being installed. Windows and door open on paved patio overlooking that great back yard! Welcome home!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1961
MLS Number
VAST2028696
Location
Address
590 TRUSLOW ROAD
City
FREDERICKSBURG
State
VA
Zip Code
22406
County
STAFFORD
Listing
Provider
Samson Properties, original listing
Name
Samson Properties
Phone
(703) 896-5869
Office Name
Samson Properties
Office Phone
(540) 681-1500
Agent Name
Ernie Dill

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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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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.