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3916 Asbury Lane
Addison, TX 75001
Janelle Rawlston with Compass RE Texas, LLC., original listing - (214) 814-8100
$500,000
Conventional
Property
Bedroom
3
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
2317 Square Feet
Property Description
Longing for a new chapter of effortless urban living and an elevated lifestyle, right in the heart of North Dallas? Tucked away in the beautiful, tree-lined enclave of Asbury Circle, this tri-level transitional townhome is a symphony of style, sophistication & comfort, located just steps away from trendy shops, chic dining spots, Bitter Sisters Brewery, over 96 acres of parks, walking trails, and all the best that Addison has to offer. You'll feel right at home the minute you step in with spaces that feel designed just for you. The first floor sets the tone with an inviting den, game room, or office, ambient lighting, its own full bath, and direct access to a 2-car garage with a 220v outlet for EV charging, back entrance, and storage. Head upstairs to the heart of the home on the second floor, light & bright, where the beautiful chef’s kitchen with Silestone counters, plenty of cabinets, gas cooktop, Refrigerator, Stainless Steel appliances, and an island seamlessly connect to the dining area and open living room. The perfect balcony for enjoying your morning coffee or unwinding under the stars is perched just outside - grills are allowed. You'll even be able to watch Kaboom Town fireworks from here! On the third floor, you’ll find your peaceful sanctuary in the spacious primary suite featuring an updated bath, complete with a soaking tub, double vanity, backlit mirrors, a separate shower, and a walk-in closet to envy... Plus, two more good-sized bedrooms, another full bath, and the laundry area exactly where you need it. Asbury Circle is adjacent to the recently renovated Addison Athletic Club and state-of-the-art facilities including swimming, tennis, pickleball, basketball, gym, and fitness center. Friendly, private, neighborhood feel, tall trees, and pretty front porches up and down the street. No detail left undone. With all the perks, personality, charm, and prime location you’ve been looking for, Home will be your new favorite destination!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Townhouse
Year Built
2010
MLS Number
--
Location
Address
3916 Asbury Lane
City
Addison
State
TX
Zip Code
75001
County
DALLAS (NORTHWEST)
Listing
Name
Phone
(469) 360-2161
Office Name
Office Phone
(214) 814-8100
Agent Name
Janelle Rawlston
Agency Phone
(214) 814-8100

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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.