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3485 Stonewall Road
Wylie, TX 75098
Melissa Dunn with Keller Williams Realty DPR, original listing - (972) 732-6000
$1,595,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3
Property Type
Conventional
Square ft
2498 Square Feet
Property Description
Imagine a home that’s more than just walls & a roof—a space that embodies a way of life, embracing both modernity & the serenity of nature. The acreage-a refuge within Dallas County, bordered by a nature sanctuary & hidden by 1000’ of tree lined creekside. Sitting on a rise, the home overlooks pastures of coastal rye grass and 60+ year old trees while panoramic windows bring the outside in, seamlessly blending nature with comfort. The open-concept interior creates a sense of lightness & relaxation. High ceilings & natural light add to the airy ambiance, while thoughtful details: shousugi ban woodwork, 14’ quartz island, durable Euro style kitchen cabinets & pantry, coveted GE CAFE Matte White appliances w copper handles, floating soft-close cabinets & doors throughout, 100% waterproof LVP large plank flooring, porcelain-marble backsplash-kickplate, quartz waterfall, & coastal inspired pendant lighting—offer beauty & functionality. In this home, there’s a perfect space for every part of your day: a kitchen that’s equipped for any culinary adventure with a green-friendly induction cooktop & convection double ovens; a beverage station for coffee & tea in the chill of winter, or water cooler to quench the heat of summer; an intimate living area with concrete inspired custom wood burning fireplace & ceiling inset surround-sound speakers for the music & movie watching that makes worries melt away; 8’ Pella glass door sliders that open to an entertainment patio oasis with gas fire pit, & tree shaded seating; ensuite bedroom & baths with multi towel warming rack, dual rainfall shower heads, & walk-in custom closets for bedrooms made of sweet dreams; fenced 1 acre backyard, 2 stall barn for your family horses, dog haven, & a drive in tool shed. Here, every corner is designed for comfort, every feature crafted to elevate daily routines into treasured rituals & to afford you the tranquility unattainable anywhere else this close to the city. PROPERTY IS OFFERED FURNISHED.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1950
MLS Number
--
Location
Address
3485 Stonewall Road
City
Wylie
State
TX
Zip Code
75098
County
DALLAS (NORTHEAST)
Listing
Name
Phone
(972) 732-6000
Office Name
Office Phone
(972) 732-6000
Agent Name
Melissa Dunn
Agency Phone
(972) 732-6000

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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.