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11 Summit Lane
Greenville, DE 19807
$3,950,000
Conventional
Property
Bedroom
6
Bathroom
9
Property Type
Conventional
Square ft
13121
Property Description
Welcome to 11 Summit Lane, a stunning and elegant modern home nestled in the prestigious enclave of Stoney Run in Wilmington, DE. This remarkable property boasts 6 bedrooms, 7.2 bathrooms, and over 13,000 square feet of living space (as noted in New Castle County tax records), situated on a generous beautifully landscaped lot spanning almost 4 acres. This residence is designed for seamless indoor-outdoor living, with a sprawling backyard and lush landscaping, providing a serene setting for outdoor gatherings and recreation. As you step inside, you are greeted by a grand foyer with marble floor that sets the tone for the rest of the home. The main level boasts a spacious living room with high ceilings and an abundance of natural light, creating an inviting atmosphere for both relaxation and entertainment. Formal dining room is sizeable enough to host large dinner parties, yet also perfect for intimate dining. The home office on the main floor with rich wood accents could also double as a library with gas fireplace and walls of built ins. The main floor is also host to a bedroom suite with private full bath, dressing room, bedroom, and walk-in closet. This multi-functional space can work as a fabulous owner’s retreat, in-law suite, or au-pair apartment. Renovated in 2007, this home underwent an impressive transformation, including a substantial 2-story addition. The addition features a grand family room with a captivating, coffered ceiling, seamlessly connected to a gourmet kitchen that will delight any culinary enthusiast. The second-floor primary suite is a true sanctuary, offering a spacious bedroom, 2 walk-in closets, an elegant home office, and a spa-like full bath, providing the ultimate in relaxation and comfort. The 2nd floor is also host to four additional bedroom suites each with their own full bath and walk-in closet. Huge laundry room with 2 sets of appliances and an abundance of storage makes doing a tiresome chore more inviting. The finished basement is an entertainer's dream, boasting a well-appointed bar, game room, media room, exercise room, and a versatile bonus room. Additionally, the basement features a room that was expertly dug down further, originally used as an indoor batting cage but offering endless possibilities. Step outside to discover an outdoor oasis, featuring an oversized terrace complete with a kitchen and fireplace, an inviting in-ground pool, nicely equipped pool house, and raised garden beds, creating an ideal setting for outdoor gatherings and leisure. Don't miss the opportunity to make this exquisite property your own and experience the epitome of luxury living. Conveniently located just minutes from shops and dining in Greenville, outdoor recreation in Brandywine Creek State Park, downtown Wilmington/Amtrak station, and under thirty minutes to Philadelphia International Airport.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
1993
MLS Number
DENC2056420
Location
Address
11 SUMMIT LANE
City
GREENVILLE
State
DE
Zip Code
19807
County
NEW CASTLE (WILMINGTON)
Listing
Provider
Name
Compass
Phone
Office Name
Compass
Office Phone
(302) 202-9855
Agent Name
Stephen Mottola

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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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USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.