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12 Derbyshire Way
Wilmington, DE 19807
$1,095,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
4725
Property Description
Welcome to 12 Derbyshire Way in the sought after Greenville community of Stonewold. Pride of ownership is evident in this pristine and gorgeous open floor plan home. The two story foyer with turned oak staircase creates a warm and inviting space for greeting friends and family. Adjacent to the foyer are the living room and dining room with hardwood flooring and crown molding. The open floorplan provides ideal space for modern living. The spacious open family room is furnished with a gas fireplace, custom built-ins, and a cathedral ceiling. The family room leads to the breakfast room and wet bar with wine refrigerator. The adjacent kitchen features bright white cabinets, an island with contrasting navy blue cabinets, quartz countertops, recessed lighting, stainless steel appliances, and a tile backsplash. The remainder of the first floor rooms include a private study with custom built-ins, a powder room, a walk-in pantry, and a laundry room with an outside entrance. Upstairs, the primary suite features a generous bedroom complete with crown molding, and ceiling fan. The en-suite bathroom feature separate vanities, an oversize shower with dual showerheads, a jetted Jacuzzi tub, two walk-in closets, and a bonus room currently being used as an exercise room. Four additional bedrooms and two additional bathrooms complete the second floor. The professionally finished lower level greatly expands your living and entertaining opportunities with its large great room featuring recessed lighting, bead-board wainscoting, built in bar, full bathroom, office or flex space room, library/wine cellar with LPV flooring, and abundant storage with custom closet systems. Recent upgrades and/o renovations include: James Hardie cement board siding, windows, and doors (2020); a gas furnace (2023); and a new roof with transferable warranty (2022). Additional features include: natural stone façade, refreshed wooden deck with retractable awning, oversized three car garage, water pressure booster pump, water conditioning system, updated security system, built-in speakers, designer light fixtures, ceiling fans, custom closets, hardwood floors, professionally landscaped lot with paver walkway, professional hardscaping, and an idyllic lot backing up to private open space. Its close proximity to parks, shopping, recreation, and easy access to major roads make this an ideal location for anyone commuting to Philadelphia or Wilmington. Properties like this rarely come on the market, don’t miss your opportunity to make 12 Derbyshire Way your home!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2000
MLS Number
DENC2061802
Location
Address
12 DERBYSHIRE WAY
City
WILMINGTON
State
DE
Zip Code
19807
County
NEW CASTLE (WILMINGTON)
Listing
Provider
Name
Compass
Phone
Office Name
Compass
Office Phone
(302) 202-9855
Agent Name
Nancy Greenberg

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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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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.