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345 Shveda Way
Shepherdstown, WV 25443
$825,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3681
Property Description
Immerse yourself in the elegance of this Southern Living inspired home situated on a little over 2 acres in sought after Shepherdstown Estates. No stone was left unturned in this CUSTOM BUILT home with 2 x 6 construction, extra insulation and upgrades throughout. From the moment you step onto the expansive southern-style front porch, you'll be greeted with a sense of grandeur, welcome, peace and tranquility that continues to flow throughout the entire home. Enter into the open foyer and be instantly greeted by the comfort, charm, grand and easy living lifestyle that this beautiful home exudes. Flanked on either side of the foyer you'll find a spacious home office with rich cherry, custom built-in cabinetry prevailing with character while providing a warm and convenient work space; and a formal dining room with crown moulding and large windows that allow natural light to flood the room creating a warm and inviting space to gather family and friends. Beautiful hardwood floors lead you from the foyer to the heart of the home where you'll find the great gathering room adorned with a wood burning fire place where you can relax by the warm glow on a chilly evening, built-in cabinetry and crown moulding that add a touch of character and elegance to the open concept layout, a large kitchen island that creates a chefs work space for preparing meals and gather family and friends. The great gathering room is perfect for the modern living life style. Finally, from the great gathering room, french doors lead to the spacious screened, maintenance free, rear porch that looks out onto a private oasis with beautiful green space and mature landscaping creating an idyllic space to relax and unwind after a long day. This stunning, impeccably maintained 4 bedroom, 3 bath home offers a spacious main-level primary suite with gas fireplace, walk-in his and hers closets and a luxurious primary bath with heated floors; a second spacious bedroom also occupies the main level. The oversized third bedroom with sitting area is tucked away on the upper level offering a sense of independence and privacy. The expansive, finished, lower level boasts a huge gathering space, spacious bedroom, large full bath, utility room, dedicated storage room, new flooring and a side walk-out into the meticulously maintained yard. The possibilities are endless for the lower level of this amazing home. There's plenty of room to create a home gym, game room, media room, or perhaps an in-law suite that offers privacy and comfort for extended family or guests or generational living. 345 Shevda Way, Shepherdstown, Wv is not only a serene retreat less than 2 miles from downtown Shepherdstown, Wv with casual and fine dining, shopping, entertainment, community events, farmers market, outdoor recreation, national and county parks, new local library and Shepherd University but it's also a commuters dream come true with close proximity to rail stations and commuter routes to the DMV area. Don't miss the opportunity to make this house your forever home in a community that offers an unparalleled lifestyle. **Professional photos coming soon**
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
2011
MLS Number
WVJF2011674
Location
Address
345 SHVEDA WAY
City
SHEPHERDSTOWN
State
WV
Zip Code
25443
County
JEFFERSON
Listing
Provider
Coldwell Banker Premier, original listing
Name
Coldwell Banker Premier
Phone
(540) 662-4590
Office Name
Coldwell Banker Premier
Office Phone
(540) 662-4590
Agent Name
Kimberly Teska

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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.