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19 Lake Crest Drive
Milford, DE 19963
$1,400,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
3659
Property Description
“The Dream Home”! This remarkable, contemporary, custom-built estate boasts quality upgrades & lavish amenities in the upscale locale of “Haven Lake Estates”. The moment you see this home, the extravagant, “one of a kind” essence is overly abundant. The security gated entry with wrought iron fencing and lighted asphalt drive with pavers leads to the recently built, three car detached garage with heat and air. Enter the grand foyer with soaring ceilings, sparkling chandelier, and winding staircase that leads to the catwalk that overlooks the entertaining area. Enjoy the light filled sitting room where you could find yourself on quiet mornings with a cup of coffee and your morning news. Entering the spacious dining room, you might be able to visualize holiday dinners around the table. Moving into the gourmet kitchen, fit for a chef, you will find the large, newly added center island with storage and brand-new cabinets with lighting, hard-surface countertops, and farm-style sink. All newly upgraded stainless-steel appliances, including a gas stove with drop down exhaust. Additionally, you can enjoy the views of the picturesque rear yard from the eat in area off of the kitchen. The main entertainment room is the focal point of the house with an architecturally designed wall of floor-to-ceiling built-ins and the back wall of windows overlooking the outdoor kitchen and heated inground pool, as well as an impressive view of the wooded backdrop and winding brook. The sizeable en suite is privately located on the main floor and includes his-and-her closets and a bathroom that emulates having your own personal spa with walk-in shower, porcelain relaxation tub, and double sink with a digital mirror. Upstairs, you will find a private en suite with walk-in closet and full bathroom for overnight guests, as well as two additional, sizeable bedrooms with a full bathroom. The second-floor bonus room, which includes a private bathroom and separate office with built in work space, is open to your imagination with a built-in wall unit for your TV and extra storage. Walking down the industrial style staircase to the basement, you will enter the theater room with surround sound and recessed lighting. Beyond the theater, you will find your own personal space perfect for a gym, yoga studio, or crafting space. Ample storage with shelving can also be found on the lower level. Additional amenities include the following: main level laundry room with overhead cabinets. Three car attached garage. Fenced in backyard with recently added heated in ground pool and pavered patio leading to the newer deck, outside kitchen with plumbing and pergola. Lighted paver path leading to hot tub, firepit, and gazebo. Playground area for the little ones to run off their extra energy. Plenty of green space for your own personal organic herb and vegetable garden. The yard has been recently sodded and tastefully landscaped. Meticulously maintained with a new roof, siding and tankless hot water heater. Easy traveling distance to major cities, Delaware beaches, and ocean resort establishments. This home offers an executive lifestyle with private oasis that you will never want to leave!
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
1996
MLS Number
DEKT2025928
Location
Address
19 LAKE CREST DRIVE
City
MILFORD
State
DE
Zip Code
19963
County
SUSSEX
Listing
Provider
Re/Max Twin Counties, original listing
Name
Re/Max Twin Counties
Phone
(302) 422-4271
Office Name
The Watson Realty Group, LLC
Office Phone
(302) 422-4400
Agent Name
Donna Watson

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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.