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5741 Graven Way
Wadsworth, OH 44281
James Irwin with Portage Lakes, original listing - (330) 645-2960
$1,399,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
4526 Square Feet
Property Description
We are delighted to present this exquisite newly constructed custom home situated in the prestigious Hidden Lakes of Sharon. This contemporary colonial-style residence built by the renowned Arthur Rutenberg Homes is situated on a charming 2-acre lot, featuring 5 bedrooms and 5 bathrooms, a 3-car garage with epoxy flooring, and showcases superior craftsmanship with luxurious finishes throughout. Upon entering, you will be welcomed by a grand two-story foyer and elegant custom metal rails leading into the impressive great room. The great room is highlighted by a coffered ceiling, a sophisticated modern fireplace, and access to a serene covered vaulted back deck with a stone outdoor fireplace surrounded by lush trees. Flowing seamlessly from the great room is the stunning chef's kitchen, complete with custom Mullet frameless overlay cabinets, high-end stainless steel appliances, quartz countertops, Artigiano backsplash, and a spacious island perfect for hosting guests. The formal dining room features beamed ceilings, adding a touch of elegance to the space. The secluded first-floor primary suite is a true retreat, offering custom woodwork, tray ceilings, wainscoting, and a spa-like en-suite with a double shower, private commode, double vanity with custom built-ins, and a generous walk-in closet. Completing the first floor are a mudroom, laundry room, half bath, 8-foot doors with custom hardware, and exquisite Lexington hickory flooring throughout. The second floor includes a bedroom with its own private bath, two bedrooms connected by a Jack and Jill bathroom, and an additional room with French doors ideal for a secondary living area. The walk-out basement features an additional room, full bathroom, custom wet bar, a brick fireplace leading to a covered patio overlooking the private backyard, and ample storage. This exceptional home, in pristine condition, is a rare find and move-in ready. Don't miss the opportunity, contact us today to schedule a private showing.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2017
MLS Number
--
Location
Address
5741 GRAVEN WAY
City
WADSWORTH
State
OH
Zip Code
44281
County
MEDINA
Listing
Name
Phone
(330) 242-5604
Office Name
Office Phone
(330) 645-2960
Agent Name
James Irwin
Agency Phone
(330) 645-2960

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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.