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111 Rosemont Avenue N
Martinsburg, WV 25401
$625,000
Conventional
Property
Bedroom
3
Bathroom
6
Property Type
Conventional
Square ft
3579
Property Description
Substantial Price Drop Motivated Seller (Your Lucky Day) MUCH MUCH More than your average ranch house! (Contemporary) . Yes, a home with a lake view in-town. 1 acre property overlooks Lake Thomas. Charming, elegant, spacious home on a quiet, non-through street, just minutes away from Memorial Park, Downtown Martinsburg and fine dining. Combines possible one-floor living along with gracious capacity for a family. Second floor bedrooms, library, office. A delightful combination of city and country in this expanded mid-century home, 111 North Rosemont was built in 1968. Over time, the house was substantially expanded most notably with the addition of two large wings each with Palladian windows and soaring wood ceilings. All utility bills are available. The covered front porch welcomes you to the generously sized living room with south and west facing windows and an elegant staircase to the second floor. A gas fireplace with built-in bookshelves on one side, will warm your winter evenings. The dining room has French doors looking to the fenced in patio. Its east facing windows start your day with the morning sun. The bright, sunny kitchen with breakfast nook was totally remodeled in 2015 with solid wood cabinetry , high level granite counters, and an oversized island; renovated with attention to quality and detail. The warmth of the solid wood cabinets in a heather tone combines with the tones of the sweeping Pregrine granite counter tops. Focal points include the island and bank of cabinets offering a handy in-kitchen pantry. Stainless steel appliances new in 2015, and a designer copper sink adds a French country touch. From the kitchen, you are welcomed to an expansive den with a dramatic rose brick gas fireplace that extends upward to the vaulted ceiling. It is flanked by built- bookshelves on both sides. A new ( 2023 ) bay window faces north, Palladian windows face East, and a set of French doors on the south opens to the enclosed patio and garden beds. The light-filled ground floor laundry room includes functional counter space and wood cabinets. Other features: All second floor rooms are full height; a triple zone heating/cooling system updated in 2016 and 2019; ample closets; and plantation shutters are installed throughout the house, with shades for the Palladian windows. The generously sized carriage shed boasts an automatic garage door, half bathroom and large built-in work bench. The second floor, accessible via pull-down stairs, offers additional storage space. Solar panels installed in 2020 contribute to energy savings every year. A longtime previous owner was an avid gardener. She laid out the rock garden design with its charming brick pathway and overall harmony with the natural limestone outcroppings that add so much character to the backyard. The park like landscaped yard includes established perennials beds surrounding the house with a pollinator pocket garden in the patio. Peonies herald the spring as do numerous blooming shrubs throughout the summer. But there's plenty of room for you to add you own touches. Further along toward the lake are a graceful willow tree and a charming cherry tree, both offering changing color throughout the year to the view from the kitchen window. A majestic black walnut tree stands sentinel as you enter the lower yard and approach the west bank of Lake Thomas, a serene quarry lake in the middle of Martinsburg. Convenient location. Just blocks to down town Martinsburg, fine restaurants, Marc Commuter train to DC, EZ access to I-81. Wonderful walkable neighborhood.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1968
MLS Number
WVBE2024562
Location
Address
111 ROSEMONT AVENUE N
City
MARTINSBURG
State
WV
Zip Code
25401
County
BERKELEY
Listing
Provider
Snyder, Bailey and Associates, Inc, original listing
Name
Snyder, Bailey and Associates, Inc
Phone
(304) 267-1050
Office Name
Snyder Bailey & Associates
Office Phone
(304) 267-1050
Agent Name
Carolyn Snyder

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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.