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29601 Martin Van Buren Dr
Millsboro, DE 19966
Jim Lattanzi Lattanzi with Northrop - Bethany, original listing - (888) 536-0216
$700,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
--
Property Description
Nestled on a beautifully landscaped lot, this coastal retreat offers a seamless blend of sophisticated design and exceptional craftsmanship within the vibrant, active adult community of Independence. Spanning two generous levels, the home features an open floor plan that masterfully combines coastal style with elegant finishes. The residence greets you with a refined sense of sophistication. The expansive two-story living room, illuminated by abundant natural light through stacked picture windows, offers panoramic views of the lush lawn and garden. Anchored by a striking gas fireplace, this space is ideal for hosting gatherings or simply relaxing in style. At the heart of the home is a gourmet kitchen that exudes both beauty and function. Featuring 42""� custom display cabinets and sleek granite countertops, it is equipped with high-end stainless-steel appliances and tasteful fixtures. Pendant and recessed lighting accentuate the granite surfaces, enhancing the kitchen's sophisticated ambiance. The primary bedroom is a serene retreat, showcasing a deep tray ceiling and an expansive palladium-topped window that floods the room with natural light. The spa-like ensuite bath offers a dual vanity, a spacious stall shower with a bench, a private water closet, and two walk-in closets, providing a sanctuary for relaxation. Adjacent to the foyer, a well-appointed home office with custom built-in desk area offers a dedicated workspace. The main level also features a conveniently located powder bath, a spacious laundry room with interior access to the oversized garage, which includes built-in storage. Upstairs, a cozy family room loft provides a perfect retreat for reading or unwinding. Two additional bedrooms on this level, along with a luxurious hall bath, ensure ample private space for every member of the household. An expansive finished bonus room above the garage opens up a world of possibilities-be it a gym, additional bedroom, or recreation room-inviting your creativity to flourish. Beyond the interiors, the outdoor spaces offer a tranquil escape into nature. A charming screened porch off the dining area is perfect for enjoying cool summer breezes, while the meticulously landscaped grounds feature a custom paver patio, creating an idyllic setting for relaxing and entertaining on the Delmarva Peninsula. This home represents more than just a residence; it embodies a lifestyle. The Independence community provides a wealth of amenities, including recreational facilities and serene walking trails, fostering a vibrant and engaging environment. Here, splendor meets functionality, and coastal charm harmonizes with meticulous design. Welcome to a residence where every detail has been thoughtfully considered, elevating the art of living to new heights.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2018
MLS Number
--
Location
Address
29601 MARTIN VAN BUREN DR
City
MILLSBORO
State
DE
Zip Code
19966
County
SUSSEX
Listing
Name
Phone
(888) 536-0216
Office Name
Office Phone
(888) 536-0216
Agent Name
Jim Lattanzi Lattanzi
Agency Phone
(888) 536-0216

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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.