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20 Harvest Lane
Newark, DE 19711
$665,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3
Property Type
Conventional
Square ft
3012 Square Feet
Property Description
Welcome to 20 Harvest Lane, a unique contemporary home with private detached en-suite bedroom/office space situated in a private, wooded setting on 1.25 acre lot in Western Newark! This home has much to offer! This one-of-a-kind residence offers the feeling of living in the country while remaining close to everything. As you approach the home, a long-paved driveway through the trees leads up to the front porch, where you'll find new vinyl siding, all new soffit, fascia, and gutters, new front concrete walkway, and a stylish chevron pattern front door. Inside, you'll be greeted by soaring vaulted ceilings, new luxury vinyl plank flooring and a two-story living room that boasts massive windows, large chandelier, and new sliding doors leading to the newly update Trex deck. The update kitchen offers new solid wood white cabinetry, quartz countertops, custom tile backsplash, new stainless-steel appliances, and all new recessed lighting and modern single panel doors throughout the entire home. Just off the kitchen is an additional private rear deck, a formal dining room, 2 bedrooms, and an updated full bath with custom tile shower and flooring, with all new fixtures. Head upstairs to the spacious primary bedroom with luxury vinyl plank flooring, a large walk-in closet, en-suite bath with lots of natural light, that has been completely updated with custom tile shower, flooring, and soaking tub. The finish lower level offers potential for more living space with a large rec-room featuring recessed lighting, new windows, and a laundry and storage area. Across the front breezeway you'll find the large 2 car garage, upstairs above the garage a large additional home office area or bedroom and a full bath with walk in shower all with new tile surround and flooring. The space has its own mini-split for heating and cooling and has been fully reinsulated. Enjoy all that Glen Farms has to offer, trials, pond, etc. Located just a short ride from White Clay Creek State Park, this home offers easy access to hiking and biking trails, summer concerts, park activities, and a playground. The location is also close to New London Rd, providing easy access to downtown Newark, the University of Delaware, Pike Creek, and Hockessin, with an abundance of shopping, diverse restaurants, golfing, and much more. With its unique design, private setting, and close proximity to all the best that Newark has to offer, this listing is a must-see for anyone seeking a truly special home.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Other-Single Family Residence
Year Built
1980
MLS Number
--
Location
Address
20 HARVEST LANE
City
NEWARK
State
DE
Zip Code
19711
County
NEW CASTLE (NEWARK)
Listing
Name
Phone
(302) 293-7109
Office Name
Office Phone
(302) 999-9999
Agent Name
Mike Walton
Agency Phone
(302) 999-9999

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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.