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114 Somerset Road
Wilmington, DE 19803
$860,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
2975
Property Description
Here is a house where you will truly fall in love. It has so much to offer the lucky Buyer. This Cape has four bedrooms, two on its main level and two on its second floor. There is an oversized eat-in kitchen, which has beautiful tile work, a built-in cooktop, two built-in ovens, a microwave, dishwasher, refrigerator, and tons of storage. In the kitchen there are built-in bookcases and shelves for ample display of kitchen items and storage of cookbooks. This kitchen is a cook's delight. The main level is an open living room and dining room combination, ample space with great flow for entertaining. There is a wood burning fireplace in the living room. Found off of the living room and dining room is a screened-in porch. The backyard is impeccably landscaped, perfect for summer entertaining. The two bedrooms on this level, with their adjacent full bath, offer the possibility of one floor living. With two rooms, one could be an office, a study, or TV room, or just an extra bedroom. There is also a half bath on the main level. Upstairs are two more bedrooms, one full bath, and a large walk-in closet for loads of storage. Hardwood floors, in excellent condition, are found throughout the entire house. The lower level is finished with two large rooms, with tile floors. These two rooms could be used in a multiple of ways. Hobby room and rec room come to mind. There is a full bath on this lower level. The HVAC system is approximately one year old. There is a two-car garage which is accessed from the rear. The community Alapocas offers easy access to both the City of Wilmington, as well as access to RT95 and work locations both north and south. Many shopping opportunities are located along Concord Pike, just a short drive away.
Property Information
Lot Size
-- square ft
Property Type
Other
Year Built
1953
MLS Number
DENC2060024
Location
Address
114 SOMERSET ROAD
City
WILMINGTON
State
DE
Zip Code
19803
County
NEW CASTLE (WILMINGTON)
Listing
Provider
Berkshire Hathaway HomeServices Fox & Roach, Real, original listing
Name
Berkshire Hathaway HomeServices Fox & Roach, Real
Phone
Office Name
BHHS Fox & Roach Greenville Home Marketing Ce
Office Phone
(302) 571-8855
Agent Name
Ed Balog

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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.

Free Foreclosure Listings

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.