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38744 Apple Court
Ocean View, DE 19970
$1,395,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
3159
Property Description
Nestled in the exclusive marine community of Quillen’s Point, this exceptional custom-built home by Douglas Builders, offers a rare opportunity to indulge in coastal living at its finest. Located on Cedar Neck Road in Ocean View, Delaware, Quillen’s Point provides a secluded haven with direct boating access to Indian River Bay and the Atlantic Ocean, all within sight of the renowned Delaware resort of Bethany Beach. This meticulously crafted residence spans over 3,000 square feet of heated and cooled living space across three levels, showcasing superior quality and attention to detail at every turn. Coastal Living at its Finest: Embrace the coastal lifestyle with a thoughtfully designed exterior featuring a standing seam metal roof, James Hardie siding, and Azek trim, ensuring durability and low maintenance for years to come. Step inside to discover an inviting interior adorned with Coastal LVP flooring, oak stairs, and elegant 7 ¼” base trim. Designer touches abound, including Schlage Plymouth door handles and a custom shiplap accent wall. The main level boasts a generous great room with breathtaking water views, complemented by a Valor linear fireplace and access to a covered porch, ideal for entertaining or simply unwinding in style. Gourmet Kitchen: Channel your inner chef in the expansive kitchen, outfitted with custom-made cabinets, a white Café appliance package, and a massive island with seating for ten, all accented by exquisite quartzite countertops and a reverse coffered ceiling. Retreat to the opulent primary suite featuring a spacious bedroom with panoramic water views, a private covered porch, and a spa-like master bath complete with heated tile floors, a soaking tub, and a custom tile shower. Enjoy modern conveniences such as a garage with Level 2 charging station, elevator access, and Mediacom WiFi with wired access points on each floor. From the Rheem heat pump system to the Rinnai gas hot water heaters, this home is designed for energy efficiency and comfort, ensuring year-round enjoyment. Experience the Ultimate Coastal Lifestyle where every detail has been meticulously crafted to create a one-of-a-kind retreat. Schedule your private tour today and make your coastal dream home a reality!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2024
MLS Number
DESU2060982
Location
Address
38744 APPLE COURT
City
OCEAN VIEW
State
DE
Zip Code
19970
County
SUSSEX
Listing
Provider
Myers Realty, original listing
Name
Myers Realty
Phone
(302) 363-3950
Office Name
Myers Realty
Office Phone
(302) 674-4255
Agent Name
Richard Polite

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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.