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148 Bluebell Drive
Magnolia, DE 19962
Brittany Bullion with Investors Realty, Inc., original listing - (302) 736-0270
$209,900
Conventional
Property
Bedroom
2
Bathroom
Full: 2
Property Type
Conventional
Square ft
1941 Square Feet
Property Description
A remarkable opportunity in the quiet, age restricted community of Southern Meadow. Located on one of the few Pond View lots in the community, this immaculate Acacia Model features a screened in rear patio with plenty of privacy. The lot is also considered a corner lot, with designated community space on one side as well as the rear. The home itself features two bedrooms, two full bathrooms, a den/office space, and a full laundry room with sink and crown molding throughout. The current owner also added a 12x15 room off of the rear of the home that is currently a pottery studio, but that allows for ample hobby space, storage, a man cave, or even additional guest space! The buyer has made several upgrades to the home including but not limited to electrical upgrades to both the garage and the addition, new carpet and flooring in several areas of the home three years ago, and a walk-up staircase to the floored attic space above the 2-car garage for additional storage with easy access. The garage features a full 2 car parking area, double sink, and finished drywall. The consistent maintenance of the home is evident when you walk in. The kitchen features an island with seating, ample cabinets for storage, a pantry and a full stainless steel appliance package. The large dining space allows for ample seating for entertaining and family. The spacious Livingroom features a natural gas-powered fireplace with a stone face. The community lot lease of 739.00 per month includes sewer, trash services, and lawn service as well as access to all of the community amenities including the clubhouse, pool, walking trails, dog park, and more. Purchasers must be approved by the community of Southern Meadow prior to purchase.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Manufactured Home
Year Built
2007
MLS Number
--
Location
Address
148 BLUEBELL DRIVE
City
MAGNOLIA
State
DE
Zip Code
19962
County
KENT (SOUTH)
Listing
Provider
Investors Realty, Inc., original listing
Name
Phone
(302) 736-0270
Office Name
Office Phone
(302) 736-0270
Agent Name
Brittany Bullion
Agency Phone
(302) 736-0270

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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.