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214 Eliason Drive
Middletown, DE 19709
$769,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
4811
Property Description
BETTER THAN NEW! This custom Jamison home in Rothwell Estates (Appo School District) is just under 5 years old and the original owners added every upgrade, including 6-foot family room extension, sunroom and additional room on first floor to make their own oasis in Middletown DE. Over 4,200+sf (4,800sf if you include finished basement) of grand living with upgraded LVP flooring, gourmet kitchen, bonus room, room extension bump outs, high ceilings, fresh paint, and outstanding design pops in every room. This turnkey home is even more stately with the exterior stone accents, architectural shingle roof, beaded siding, stone cobble paved driveway with circular entrance, plus the open space surrounding this beauty, which makes the curb appeal undeniable. Looking for a quiet end street with room to grow roots and host friends and family for holidays and parties – THIS IS THE ONE! Plantation shutters throughout the first floor and room highlights, including wainscotting accent wall in formal dining room and wainscotting boxes on every wall in the BONUS room, which is currently a playroom but could easily be transformed into a first floor master or in-law suite! LVP floors throughout the first floor and the 2-story grand entrance give every guest the WOW factor! The gourmet kitchen with gas stove, double oven, quartz countertops, stainless steel appliances, oversized island and counter with an incredible view off the upgraded sunroom, with 2 sliding doors leading to the backyard give you the most incredible views and lots of natural light! The enormous family room also features plantation shutters, gas fireplace and 2 extra large barn doors separating it from the living room. Upstairs features a large primary bedroom with French door entrance, sitting room, en-suite bath and TWO walk-in closet There are 3 additional large-sized bedrooms on the 2nd floor, plus a well-appointed hall bathroom with double vanity and tub / shower combo. The full basement provides ton of storage and is partially finished providing the owners a great playroom but could be used for multiple purposes! Multiple upgrades and add-ons are throughout this turnkey home, with so many modern and stylish upgrades included that you'll love the comfort and peace of mind this energy-efficient home provides. Located in the highly regarded Appoquinimink School District, families will find much to appreciate in this neighborhood. Check out all the photos to see the home in living color and be sure to go to the end and see the complete floor plan.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2019
MLS Number
DENC2058452
Location
Address
214 ELIASON DRIVE
City
MIDDLETOWN
State
DE
Zip Code
19709
County
NEW CASTLE (NEWARK)
Listing
Provider
EXP Realty, LLC, original listing
Name
EXP Realty, LLC
Phone
(443) 864-2772
Office Name
EXP Realty, LLC
Office Phone
(888) 543-4829
Agent Name
Melissa Scott

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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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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.